Komodo (KMD) Price Reaches $0.0259 on Exchanges

Komodo (KMD) traded up 1.9% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on February 1st. One Komodo coin can now be purchased for about $0.0259 or 0.00000033 BTC on exchanges. During the last seven days, Komodo has traded 29.1% lower against the U.S. dollar. Komodo has a total market capitalization of $3.52 million and approximately $211.18 thousand worth of Komodo was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded down 5.7% against the dollar and now trades at $298.64 or 0.00381406 BTC.
• Horizen (ZEN) traded down 6.7% against the dollar and now trades at $7.24 or 0.00009245 BTC.
• Pirate Chain (ARRR) traded down 8.1% against the dollar and now trades at $0.32 or 0.00000414 BTC.
• Bitcoin Gold (BTG) traded 66.4% higher against the dollar and now trades at $0.92 or 0.00001175 BTC.
• ZClassic (ZCL) traded 5.3% lower against the dollar and now trades at $0.25 or 0.00000321 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 141,202,553 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. The official website for Komodo is komodoplatform.com. Komodo’s official message board is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here.

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.”

Buying and Selling Komodo

It is usually not currently possible to purchase alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView