See also:
BOTS
Total Coin Supply: 1,000,000
Currently, the BOTS asset chain derives its value from the fact that it collects 15% of all dex fees on BarterDEX. This feature is simply a part of the original concept of the BOTS initiative.The primary long-term idea behind BOTS is to create a technology platform that will allow members of our ecosystem to benefit from trading-bot technology.
For example, one possible use case for BOTS is the creation of a decentralized trading-bot platform on BarterDEX. In this concept, community members could design and program their own trading-bot algorithms, and then sell their services on the BOTS platform for willing subscribers. Those who subscribe are providing startup capital to the bot designer, and both parties can receive payouts, according to the strategy of the designer.
At this time, our development team is not prioritizing BOTS-related technology. We are instead focusing on the completion of BarterDEX, and other technologies which must be perfected before BOTS can come to fruition.
For the foreseeable future, therefore, BOTS simply derives value from its 15% revenues generated from all dex fees paid on BarterDEX. We forewarn community members who would like to trade BOTS that all concepts beyond the 15% revenue share of the dex fee are purely theoretical, and can be subject to change or cancellation.
REVS
Total Coin Supply: 1,300,000
The REVS asset chain is specifically designed for generating revenues. It receives 5% of all dex fees, 5% of all JUMBLR fees, and 5% of all revenues generated by the CRYPTO asset chain.
The REVS asset chain is a remnant from commitments that we made and are keeping to those who supported our team in its earliest days.
MSHARK
Total Number of Coins: 1,400,000
MSHARK is designed for holding long term. It is backed by a set of investment assets actively managed by the Komodo team. The value of the MSHARK asset chain is determined by calculating the value of each of the cryptocurrency assets in the MSHARK fund.
We have automated the process of tracking the overall value of the cryptocurrency assets held in the MSHARK fund. Users who are familiar with the UNIX command line can discover the current market value of an MSHARK unit by entering commands within an installation of BarterDEX. Please ask for more instructions on our Slack channel if this interests you. The Komodo team also has “market maker” bots trading on BarterDEX that are programmed to trade around the value of MSHARK’s total assets. Therefore, the price of MSHARK on BarterDEX can reveal the approximate value of its financial holdings.
DEX
Total Coin Supply: 1,000,000
DEX receives 50% of all dex fees on BarterDEX.The current holdings of all dex fees can be seen by visiting AtomicExplorer.com and searching for this
address: RThtXup6Zo7LZAi8kRWgjAyi1s4u6U9Cpf
This shows all the dex fees collected for every coin. Before payout, these will be traded for KMD and then distributed according to the revenue sharing model. This is the distribution of the dex fees:
50% – DEX
15% – JUMBLR
15% – BOTS
5% – REVS
5% – MGW
10% – Claimed by the GUI developer
CRYPTO
Total number of coins: 1,000,000
The CRYPTO asset chain holds the monetization for any asset that our team develops, and for which we do not want to create a separate asset chain. All revenues generated by CRYPTO are distributed according to the following revenue-sharing model:
95% – Distributed to CRYPTO asset-coin holders
5% – Distributed to REVS asset coin holders
CRYPTO currently has one relationship to a monetized Komodo technology: it receives the leftover proceeds from the dPoW transactions performed by the notary nodes. Currently, the primary dPoW-CRYPTO payout stems from Komodo’s initial ICO, which was conducted to cover the expected costs for KMD<—>BTC notarization for several years. The funds we raised are held in this address: Komodo ICO Holding Address
A small portion of these funds are periodically distributed to the notary nodes, which they use to perform their notarizing transactions on the Bitcoin blockchain. Each notarization transaction carries a value that must be above zero, as it is not possible to perform empty transactions on the Bitcoin protocol. The extra value of the transaction is paid into this address: Holding Address for CRYPTO Payouts
We distribute the value in this address to holders of the CRYPTO asset chain. Furthermore, CRYPTO receives dividends from all asset chains that utilize our dPoW services.
Recall that for notarization, the entrepreneur pays to the notary nodes a regular fee. Some of this fee can go towards the notary nodes themselves (which can be used as a financial incentive and to cover thenecessary business costs), but some of this fee will also go towards the cost of performing a notarization transaction on the KMD chain.
The extra value in these notarization transactions is managed just as before. The Komodo team divvies out the value to holders of the CRYPTO asset chain. As the CRYPTO asset chain is intended to be a “catch all” for additional Komodo monetization, it is possible that more technologies will be attached to it. It is also possible that it will simply remain as it is.
HODL
Total Coin Supply: 10,000,000
The HODL asset chain is designed for long-term holders in the Komodo ecosystem. The name HODL is a direct reference to the popular acronym in the cryptocurrency community, “Hold On for Dear Life.” Essentially 10% of all assets that the Komodo team builds are placed into the asset base that supports HODL’s value. There are occasional exceptions, as some monetization formats do not suit long-term holding.
We automated the process of tracking the overall value of the cryptocurrency assets held in the HODL fund. Users who are familiar with the UNIX command line can discover the current market value of an individual HODL unit by entering commands within an installation of BarterDEX. Please ask for more instructions on our Slack channel if this interest you.
The Komodo team also has “market maker” bots trading on BarterDEX that are programmed to trade around the actual value of HODL. Therefore, the price of HODL on BarterDEX can reveal its approximate value.
SUPERNET
Total Coin Supply: 816,000
The SuperNET asset chain is both backed by financial assets that the Komodo team actively manages, and can also produce revenues for asset coin holders. The name SuperNET derives from the former name of the Komodo team; we no longer focus on this name. The following website shows a detailed and real-time analysis of the SuperNET financial holdings: SuperNET Portfolio Analysis
Any revenues generated by assets held in the SuperNET portfolio are distributed to the holders of the SuperNET asset coins. For instance, SuperNET holds a considerable number of DEX. During a payout from dex fees, the appropriate amount of revenue shares that would be transferred into the SuperNET portfolio are instead directly rerouted to the holders of the SuperNET asset coins.
JUMBLR
Total Coin Supply: 1,000,000
The JUMBLR asset chain is tied to the fees that are required to use Jumblr. JUMBLR also receives 15% of the dex-fee revenue share. Jumblr’s zk-SNARK transactions are dramatically larger in data-size than a normal transparent transaction. To create an economic balance for this increased amount of network usage, users are required to pay a 0.3% fee for using Jumblr.
These fees are collected in the following address: Jumblr Fee Holding Address
Payouts of the dividends from Jumblr usage and from the 15% dex-fee revenue share are distributed proportionally to the holders of the JUMBLR asset coins.
MGW
Total Coin Supply: 1,000,000
MGW began as a non-profit crowdsource that supported the initial servers of the projects of our lead developer, JL777. In exchange to those who supported the non-profit, MGW provided various revenues. As the Komodo project grew, the need for the servers and MGW’s related technology disappeared. However, the asset coins remain. In 2017, as we coalesced all our projects to the Komodo platform, we determined that a 5% share of the dex fee would provide an appropriate match for the original expectations of the MGW crowdsource.
BET
Total Coin Supply: 1,000,000
The BET asset chain is tied to Komodo technology that enables people to place bets in a private, decentralized, and secure manner. This provides a framework that can be used for various gaming products on the Komodo platform. We are in the process of releasing an additional white paper that will describe BET in more detail. Usage of the BET framework requires a fee, and this fee is paid proportionally to holders of the BET asset coins.
CHIPS
Circulating Coin Supply (2018): 1,150,000
Total Coin Supply (yr. ~2080): 21,000,000
CHIPS is the currency used on the BET framework. CHIPS is designed for microtransactions, and it is related to the Lightning Network concept put forth by the current Bitcoin developers.
A more detailed explanation will be provided in an upcoming white paper.
PANGEA
Total Coin Supply: 1,000,000
PANGEA is a poker decentralized app (dAPP) that runs on the BET framework and uses CHIPS for currency. The Pangea game relies on provably random numbers. This combination of features and available Komodo technologies takes full advantage of the privacy, decentralized nature, and security of BET and the Komodo platform.80% of fees paid by players in the Pangea game are distributed to PANGEA asset-coin holders. The other 20% of fees from the game are paid to the BET asset chain in exchange for using the BET framework. These fees are distributed to holders of the BET asset coin. A more detailed explanation will be provided in an upcoming white paper.