Komodo ICO Details

Learn all there is to know about the Komodo initial coin offering.


Komodo will bring about the anonymity of Zcash along with the NXT style PoS security, the witness based consensus system inspired by Bitshares, and the security and reliability of the Proof of Work Bitcoin...


Status Finished
Token Type N/A
ICO Dates 15/10/2016 - 16/12/2016
Funds Raised $1,983,000
Whitepaper Read Whitepaper
Website Go To Sale Website
Features Bonus,Bounties
Jurisdiction N/A

Background

Komodo will bring about the anonymity of Zcash along with the NXT style PoS security, the witness based consensus system inspired by Bitshares, and the security and reliability of the Proof of Work Bitcoin Blockchain, which is a tested and proven system kept by thousands of nodes. Komodo's the Delayed Proof of Work (dPoW) consensus method will make Bitcoin the center of all PoS/dPoW cryptocurrencies, allowing the energy that is used in bitcoin mining to be utilized to secure other cryptocurrencies, thus making Bitcoin more energy efficient, while making other cryptocurrencies safer. this will add value to the entire alternative cryptocurrency sphere and to bitcoin itself as it becomes a vital part of other currencies and platforms.

Team:

  • Jl777: Lead Developer.
  • Pbca26: Web GUI Developer.
  • Antonleogky: UX and UI Designer.
  • Audo: Community Manager.
  • Yassin: Social Media Manager.
  • Grewalsatinder: Technical Expert, Advisor.

Komodo's ICO raised 2639 BTC with the majority being received in the first couple of days due to the initial 25% bonus. Komodo will spend the $1.98 Million on development and marketing as well as a fund to offer Bitcoin protection service. Also the ICO funds were used to fund 64 high capacity servers around the world, and to pay the Bitcoin transaction fees. The protection layer is self-sustaining as long as the Komodo price stays above 0.25 USD

Token Reserve Split (10%):

  • 10% Reserved as working capital;

Komodo's ICO campaign featured bonus, bounties and the token is mineable.


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