Komodo (KMD) bringing first dICO to Market with Monaize

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Yesterday we brought news about a market move from Neo based on ProjectICO choosing the Neo blockchain to bring future IPOs to market. Neo has a market cap today at $2.7 billion dollars and sits firmly as the 7th largest cryptocoin by market cap.

Komodo (KMD) has a much smaller market cap at $233 million. Komodo promises to be a block chain interoperable network to allow transactions across coins to help financial institutions bring banking to freelancers, small business owners, and other underserved customers accept and send payments.

Further Komodo is more of a technology company that hopes to help financial institutions create blockchain nets via decentralized Initial Coin Offerings (dICO) similar to NEO. In this area Komodo is already ahead of Neo in that the first dICO is set to hit market soon with Monaize.

Monaize focuses on small business owners and freelance workers such as street vendors, artists and authors to help set up business accounts. They provide bookeeping, peer-to-peer lending, and Point-of-sale (POS) services at low fees. Using the Mastercard network they also offer business credit and debit card services.

Monaize is now teaming up with Komodo for the first dICO to facilitate financial transactions using cryptocurrency. Currently it is delay while working through some front line bugs but the back end database is announced and working stable. Monaize tokens will be offered at 15,000 tokens to 1 Bitcoin at ICO and scheduled to last 30 days. No set date is in place until the front end database and GUI are complete.

This presents two opportunities for investment. First through the Monaize ICO and second through Komodo (KMD). How does the launch of another coin benefit Komodo? During the launch of Monaize 1% of the ICO goes to Komodo for developement. At a scheduled launch of 257 million Monaize this breaks down to 2.57 million Monaize going to Komodo at the ICO price of 15,000 to 1 BTC or 171.33 Bitcoins. At todays market price for Bitcoin that is $1.3 million dollars.

Further, Komodo is not a one customer pony. Komodo hopes to be an all-in-one dICO solution for other banking firms to bring dICOs. Monaize is only the first to market for Komodo and if successful will look for others to be announced in the coming months. While Neo just signed the first partner, Komodo is bringing the first partner to market soon.

As with any new technology there will be growing pains as we see now with the Monaize launch and the delay from the original launch date of November 10th. So far they are 8 days behind but considering they committed to November 10th over a year ago 8 days seems insignificant as any project can develop delays. With a first mover product like all-in-one dICO launch 8 days seems almost trivial.

For now Komodo continues working through bugs and seems to be progressing nicely. Investors who are interested should read the (very technical) white papers, check out the board of directors, and do some research on Monaize.

Just spittballing numbers, for Monaize to get into the top 10 market value for cryptocurrency would require a move of 759% from current market value. More reasonable if we see a similar move to Neo yesterday would be the 40% jump on the news of a successful Monaize launch. For now, maybe we can get a bump from Beyonce who seems to endorse Monaize and dICO’s.

 

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9 COMMENTS

  1. Komodo is one of the best and most solid blockchain projects. Just check their code and judge by what you see. I am a dev and know what i am talking about.

  2. Natasha Homer-Earley got kicked out of Komodo after 18 days. Private investigator revealed all informations and false claims by Natasha. She has no idea about her “Job” and was NEVER a CEO in the blockchain.

  3. @Natasha Homer-Earley A anonymous person claiming to be a resigned CEO but proposed a lot of assumptions lol. What you said was really persuasive XD

  4. How can Komodo have a ‘board of directors’ when it’s not even a legal entity ? It doesnt have a board or official employees and that org chart listed on their webpage isn’t accurate. Komodo have had months to get their wallet front-end working properly & it’s testiment to the mess they are in that on the eve of the Monaize ICO launch, after both parties spending time and money marketing it, they’ve had to suddenly postpone the ICO due to the product being broken. In terms of Monaize doing a ICO, given they are a regulated Prepaid Issuer, I think legally there is some question mark over whether they can issue coins, that double as share holdings, on a platform that isn’t a real legal entity. I say all this as the former CEO of Komodo who resigned recently after just 18 days in the job.

    • As with all crypto related coins Komodo is speculative. But as a first mover or more specifically first to market with a dICO it bears following. High turnover is common in the crypto universe. Bitcoin is not even sure who it’s founder is and yet leads the market. #makebitcoinadamantium(mrvl)happen

    • Apparently in your short time in KOMODO (18 days) you did not know how to see all the good things that the project has and you only stayed with the negative or its weak points.

      Is it for something in particular?

    • Is this lady for real? She must be from the US since she is using the same tactics to get attention lol. I’m glad they fired you. You are toxic.

      • just google her up like recommended in all the comments. Yes i bet US (timezone would fit cause she posts night – midnight US time).. but nothing to worry, just a shilly person with a sad/flopped business background and fake reputation. Anthony Stonefield is one of her venture partners of a failed erotic website. This all being public available infos. He should get contacted and warned about her criminal activity. But on the other side Komodo Platform is to be blamed for ignoring background checks! Lot of fun and drama in blockchain todays time! 🙂

    • here is the bitcointalk announcement:
      https://bitcointalk.org/index.php?topic=2078449.160
      JL777:
      Just hired @Natasha (in SuperNET slack) fulltime
      she has a lot of industry experience and will be doing non-technical aspects of what is needed for CHIPS/BET/PANGEA

      from slack:
      Natasha [1:19 PM]
      I am a former CCO in iGaming

      15yrs+ in Tech. Former CXO 5 Fintechs in emerging payments.. Provided back office to one of the 1st cryptos – icoins, in 2008

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