Last week, we posted this article about 51% attacks and how Komodo's Delayed Proof of Work security services can help protect any Proof-of-Work blockchain from falling victim to one.
We'd love your help getting this message out to other cryptocurrency communities.
This is a great chance for Komodo to gain some attention throughout the blockchain sphere, especially within the communities of other coins and tokens who may not be familiar with us yet.
Now is also a great time to broadcast this message because there have been a number of high-profile 51% attacks recently. Here are some example: Bitcoin Gold, Verge (twice), Zen Cash, Litecoin Cash, and Monacoin.
In addition, crypto-media is abuzz with articles like "Blockchain's Once-Feared 51% Attack Is Becoming Regular" and "You Can Now 51% Attack A Coin For As Little As $500."
Here are a few important facts to know:
Komodo is only charging ~330 KMD per year for dPoW services. At current market prices, that's about $500 USD per year.
Komodo does not aim to make a profit from this service. We are simply charging the project the transaction fees that will be incurred from notarizing their chain to the main KMD chain.
Komodo is already paying over $1 million USD per year to notarize the Komodo ecosystem to the Bitcoin ledger (the process occurs every ten minutes and BTC tx fees are not small).
The way we see it, we're already notarizing to BTC blockchain-- and the fees will not go up simply by notarizing other blockchains, too-- so we might as well help secure every other blockchain that we can.
The main objective of this bounty is to get this message into other crypto communities. You may do this in the form of:
Comments on Telegram, Discord, or Slack of other crypto projects [1-2 KMD, depending on how much discussion it generates]
Reddit, Twitter, Facebook, and/or LinkedIn posts [1-5 KMD, depending on engagement of the comment/post]
Create quality content (no copy/paste from Komodo text) and share it. This might on Medium or a blog or simply a share on social media [1-5 KMD, depending on the quality of the content and how much engagement it gets]
We will award up to 10 KMD for any outstanding contributions that get a ton of engagement and/or spark a big discussion. The bounties will all be awarded solely at the discretion of the Komodo marketing team.
-- Please don't shill.
-- Please don't copy/paste text from the original article and just shotgun blast it into every group you're a member of. It will make you look like a bot and make Komodo look like a shilly project.
-- You may post a link to the original article if you so choose.
-- Please do this because you believe in the Komodo project and because you want to help us grow, not because you want to earn a few free coins.
-- What we're looking for here are genuine posts from our community that explain the dPoW service to other projects that may benefit from it. It will really help Komodo to gain exposure while also helping to keep other blockchains secure from 51% attacks.
That's all! Sorry for the long post. Thanks very much for reading.
We're very grateful for all the help we get from the community so thanks again for all the support y'all!