Komodo is a decentralised Initial Coin Offering (ICO) platform. Komodo allows developers to launch transparent coin offerings while also ensuring privacy for all parties involved in the ICO by having built-in privacy features.
Understanding The Komodo Platform
In order to understand Komodo you should know about these three things – Zcash, Delayed Proof of Work (dPOW), and SuperNET.
The Atomic Swap
Atomic swaps allow you to trade from blockchain to blockchain, from within your wallet. An atomic swap is a direct trade between two different coins running on two separate blockchains; there are no centralized-exchange websites or other third-parties required for this trade. The technology enables common users to bypass the labyrinth of website-exchanges currently necessary to purchase cryptocurrencies. Once implemented, the atomic swap will allow common users to trade and purchase any desired coin directly within their own wallets.
The Komodo Platform is the first exchange to support atomic swaps, and we have even forged our own unique variations of the protocol, advancing the technology beyond its previous capabilities.
Total Fixed Supply of Komodo
Komodo has a total fixed supply of 200 million coins, out which 100 million were pre-mined and distributed in the ICO. Out of this 100 million, 90 million were distributed to investors, and 10 million were kept aside for future development and marketing of the Komodo platform.
The Komodo ICO period was October 15, 2016 – November 20, 2016. During this ICO, 2639 BTCs were raised (worth $1,983,781 at the time).
The remaining 100 million coins are still being mined via the proof-of-work algorithm.
The 200 million hard cap is expected to be reached in approximately 14 years. Out of this, Komodo holders who have addresses starting with ‘T’ will receive a 5% annual percentage rate (APR) bonus on their Komodo holdings until the 200 million supply limit is reached.