Komodo Reaches One Day Trading Volume of $192.59 Thousand (KMD)

Komodo (KMD) traded 0.2% lower against the U.S. dollar during the 1 day period ending at 8:00 AM Eastern on February 13th. Over the last seven days, Komodo has traded 2% lower against the U.S. dollar. Komodo has a total market cap of $3.19 million and approximately $192.59 thousand worth of Komodo was traded on exchanges in the last day. One Komodo coin can currently be purchased for approximately $0.0234 or 0.00000035 BTC on exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 2.2% lower against the dollar and now trades at $233.68 or 0.00348298 BTC.
• Horizen (ZEN) traded up 0.8% against the dollar and now trades at $5.99 or 0.00008924 BTC.
• Pirate Chain (ARRR) traded 7.3% lower against the dollar and now trades at $0.25 or 0.00000366 BTC.
• Bitcoin Gold (BTG) traded 62.3% lower against the dollar and now trades at $0.57 or 0.00000853 BTC.
• ZClassic (ZCL) traded down 0.9% against the dollar and now trades at $0.25 or 0.00000373 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 141,217,270 coins and its circulating supply is 135,953,876 coins. 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. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible 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.”

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 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