Komodo Tops One Day Volume of $238.32 Thousand (KMD)

Komodo (KMD) traded down 26.7% against the US dollar during the 1-day period ending at 7:00 AM ET on December 3rd. Komodo has a total market cap of $3.82 million and approximately $238.32 thousand worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can currently be bought for approximately $0.0281 or 0.00000030 BTC on cryptocurrency exchanges. In the last seven days, Komodo has traded down 27.4% against the US dollar.

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

• Zcash (ZEC) traded up 2.5% against the dollar and now trades at $336.21 or 0.00361503 BTC.
• Horizen (ZEN) traded down 5.1% against the dollar and now trades at $9.20 or 0.00009891 BTC.
• Pirate Chain (ARRR) traded 8.4% higher against the dollar and now trades at $0.27 or 0.00000295 BTC.
• Bitcoin Gold (BTG) traded 14.1% lower against the dollar and now trades at $0.41 or 0.00000441 BTC.
• ZClassic (ZCL) traded up 21.9% against the dollar and now trades at $0.50 or 0.00000538 BTC.

About Komodo

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 141,122,529 coins and its circulating supply is 135,953,876 coins. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed 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.”

Komodo Coin Trading

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

KMD/USD price chart by TradingView