Komodo worth anything?


#1

Komodo is trying to raise 30,000 BTC in their ICO.
Did they just rip off Zcash code to make 2 million USD?

I've never really understood ICOs. Seems like pure greed to me. Maybe one of you can shed some light?

"Z-Cash Anonymous Transactions
Komodo will allow users to choose between two transaction types: Normal and Anonymous. Anonymous transactions will be encrypted on the blockchain with zero knowledge proofs. No one can find out who sent a transaction, the value of the transaction, or to whom it was sent to. The transaction metadata is encrypted and zero-knowledge proof construction called a zk-SNARK is used to prove that no double-spending is taking place"


#2

They made in the first day 1000 BTC. But ICOs are most time pump&dump. I've invested currently only in 1 ICO (blockpay.ch) for long term...


#3

In short (my view).

They are just trying for a cash grab copy-pasting some of Zcash code. J777 is exceptionally well know for half-finished projects, and while it's possible they become a decent pump and dump I did not invest for these reasons.