Komodo (KMD) Reaches Market Cap of $1.03 Million

Komodo (KMD) traded down 28.4% against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on September 5th. Komodo has a total market cap of $1.03 million and approximately $9.00 worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for about $0.0076 or 0.00000009 BTC on major exchanges. In the last week, Komodo has traded down 45.3% against the U.S. dollar.

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

• Zcash (ZEC) traded 0.5% higher against the dollar and now trades at $1,013.21 or 0.01271959 BTC.
• Horizen (ZEN) traded up 14.2% against the dollar and now trades at $7.32 or 0.00009195 BTC.
• Pirate Chain (ARRR) traded up 9.4% against the dollar and now trades at $0.21 or 0.00000262 BTC.
• Bitcoin Gold (BTG) traded down 2.3% against the dollar and now trades at $0.49 or 0.00000619 BTC.
• ZClassic (ZCL) traded 8.7% higher against the dollar and now trades at $0.20 or 0.00000253 BTC.

Komodo Coin 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. 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.

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 possible to buy alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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