Komodo Price Tops $0.0029 on Major Exchanges (KMD)

Komodo (KMD) traded 23.8% lower against the U.S. dollar during the one day period ending at 8:00 AM ET on April 30th. Over the last week, Komodo has traded down 16.4% against the U.S. dollar. One Komodo coin can currently be bought for $0.0029 or 0.00000004 BTC on popular cryptocurrency exchanges. Komodo has a market capitalization of $388.32 thousand and approximately $242.69 thousand worth of Komodo was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 0.5% lower against the dollar and now trades at $333.37 or 0.00438464 BTC.
• Horizen (ZEN) traded 3% lower against the dollar and now trades at $5.74 or 0.00007552 BTC.
• Pirate Chain (ARRR) traded 5.1% lower against the dollar and now trades at $0.20 or 0.00000264 BTC.
• Bitcoin Gold (BTG) traded up 0.2% against the dollar and now trades at $0.52 or 0.00000683 BTC.
• ZClassic (ZCL) traded 2% lower against the dollar and now trades at $0.23 or 0.00000300 BTC.

Komodo Coin Profile

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 141,262,234 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 website for Komodo is 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 message board 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”

Komodo Coin Trading

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

KMD/USD price chart by TradingView