Komodo Hits Market Capitalization of $10.16 Million (KMD)

Komodo (KMD) traded 17.9% higher against the dollar during the 1 day period ending at 8:00 AM E.T. on May 16th. In the last week, Komodo has traded 2,288.4% higher against the dollar. Komodo has a market capitalization of $10.16 million and approximately $120.19 worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for approximately $0.0747 or 0.00000096 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 6% lower against the dollar and now trades at $500.78 or 0.00641507 BTC.
• Horizen (ZEN) traded 9% lower against the dollar and now trades at $5.88 or 0.00007528 BTC.
• Pirate Chain (ARRR) traded 10.1% higher against the dollar and now trades at $0.23 or 0.00000295 BTC.
• Bitcoin Gold (BTG) traded 0.5% higher against the dollar and now trades at $0.44 or 0.00000564 BTC.
• ZClassic (ZCL) traded 3.1% lower against the dollar and now trades at $0.16 or 0.00000211 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 141,262,234 coins and its circulating supply is 135,953,876 coins. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official website is komodoplatform.com. Komodo’s official message board is blog.komodoplatform.com.

According to CryptoCompare, “Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to “hack” komodo, one would have to rewrite both chains. Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin’s hash rate. Telegram, Discord, YouTube, Reddit, Github”

Komodo Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to acquire Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView