Komodo (KMD) 1-Day Volume Hits $6.05

Komodo (KMD) traded 0.8% lower against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on July 3rd. One Komodo coin can currently be purchased for about $0.15 or 0.00000248 BTC on popular exchanges. Komodo has a total market cap of $20.81 million and $6.05 worth of Komodo was traded on exchanges in the last 24 hours. Over the last week, Komodo has traded 9.3% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded 4.1% higher against the dollar and now trades at $466.89 or 0.00752245 BTC.
• Horizen (ZEN) traded 2.3% higher against the dollar and now trades at $4.34 or 0.00006987 BTC.
• Pirate Chain (ARRR) traded up 3.9% against the dollar and now trades at $0.25 or 0.00000400 BTC.
• Bitcoin Gold (BTG) traded 0.3% lower against the dollar and now trades at $0.29 or 0.00000470 BTC.
• ZClassic (ZCL) traded 0.8% lower against the dollar and now trades at $0.18 or 0.00000290 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. Komodo’s official message board is blog.komodoplatform.com. 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.

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”

Buying and Selling Komodo

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

KMD/USD price chart by TradingView