Komodo (KMD) Reaches Market Cap of $806.02 Thousand

Komodo (KMD) traded down 65.6% against the US dollar during the 24-hour period ending at 8:00 AM Eastern on August 16th. Over the last week, Komodo has traded 8.5% lower against the US dollar. One Komodo coin can now be bought for about $0.0059 or 0.00000009 BTC on major cryptocurrency exchanges. Komodo has a total market capitalization of $806.02 thousand and $11.92 worth of Komodo was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded down 1.3% against the dollar and now trades at $485.07 or 0.00770541 BTC.
• Horizen (ZEN) traded down 0.7% against the dollar and now trades at $3.98 or 0.00006330 BTC.
• Pirate Chain (ARRR) traded down 5.7% against the dollar and now trades at $0.20 or 0.00000318 BTC.
• Bitcoin Gold (BTG) traded down 0% against the dollar and now trades at $0.39 or 0.00000623 BTC.
• ZClassic (ZCL) traded down 22.2% against the dollar and now trades at $0.18 or 0.00000279 BTC.

Komodo Profile

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. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The official message board for Komodo 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”

Buying and Selling Komodo

It is usually not currently possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to trade Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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