Komodo Hits Market Capitalization of $9.45 Million (KMD)

Komodo (KMD) traded 1,008.2% higher against the U.S. dollar during the one day period ending at 8:00 AM Eastern on August 12th. Over the last week, Komodo has traded 1,105.5% higher against the U.S. dollar. Komodo has a market capitalization of $9.45 million and $3.61 worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for approximately $0.0695 or 0.00000108 BTC on major exchanges.

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

• Zcash (ZEC) traded up 0.1% against the dollar and now trades at $489.51 or 0.00762856 BTC.
• Horizen (ZEN) traded 1.1% lower against the dollar and now trades at $4.11 or 0.00006413 BTC.
• Pirate Chain (ARRR) traded up 5% against the dollar and now trades at $0.23 or 0.00000363 BTC.
• Bitcoin Gold (BTG) traded 1.2% higher against the dollar and now trades at $0.40 or 0.00000626 BTC.
• ZClassic (ZCL) traded down 4.9% against the dollar and now trades at $0.18 or 0.00000281 BTC.

Komodo Coin Profile

Komodo 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. 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. 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. Telegram, Discord, YouTube, Reddit, Github”

Buying and Selling Komodo

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 GDAX, Coinbase or Changelly. 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