Komodo Market Cap Hits $4.84 Million (KMD)

Komodo (KMD) traded down 22.4% against the US dollar during the 1-day period ending at 8:00 AM Eastern on June 9th. Komodo has a market cap of $4.84 million and $3.14 worth of Komodo was traded on exchanges in the last day. During the last seven days, Komodo has traded up 634% against the US dollar. One Komodo coin can now be purchased for approximately $0.0356 or 0.00000057 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded 12.8% higher against the dollar and now trades at $475.37 or 0.00757482 BTC.
• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $4.46 or 0.00007114 BTC.
• Pirate Chain (ARRR) traded up 0.9% against the dollar and now trades at $0.28 or 0.00000443 BTC.
• Bitcoin Gold (BTG) traded up 30.2% against the dollar and now trades at $0.34 or 0.00000539 BTC.
• ZClassic (ZCL) traded 7.5% lower against the dollar and now trades at $0.17 or 0.00000263 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was 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. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official message board is blog.komodoplatform.com. 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. Telegram, Discord, YouTube, Reddit, Github”

Komodo Coin Trading

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

KMD/USD price chart by TradingView