Komodo Price Tops $0.0374 on Major Exchanges (KMD)

Komodo (KMD) traded down 5.9% against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on December 31st. Komodo has a market cap of $5.09 million and approximately $190.40 thousand worth of Komodo was traded on exchanges in the last day. One Komodo coin can now be purchased for about $0.0374 or 0.00000042 BTC on exchanges. In the last seven days, Komodo has traded down 1.1% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 2.4% lower against the dollar and now trades at $524.54 or 0.00590380 BTC.
• Horizen (ZEN) traded down 0.5% against the dollar and now trades at $9.12 or 0.00010260 BTC.
• Pirate Chain (ARRR) traded 2.1% higher against the dollar and now trades at $0.27 or 0.00000301 BTC.
• Bitcoin Gold (BTG) traded 47.4% lower against the dollar and now trades at $0.58 or 0.00000653 BTC.
• ZClassic (ZCL) traded down 0.1% against the dollar and now trades at $0.33 or 0.00000371 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 141,160,619 coins and its circulating supply is 135,953,876 coins. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The official message board for Komodo is blog.komodoplatform.com. 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.

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 possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to acquire Komodo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView