Komodo 24 Hour Volume Reaches $0.85 (KMD)

Komodo (KMD) traded 4.9% lower against the US dollar during the 24-hour period ending at 8:00 AM E.T. on June 13th. Komodo has a market capitalization of $9.24 million and approximately $0.85 worth of Komodo was traded on exchanges in the last day. During the last week, Komodo has traded down 27.4% against the US dollar. One Komodo coin can currently be bought for about $0.0680 or 0.00000106 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded 5.3% lower against the dollar and now trades at $413.17 or 0.00646404 BTC.
• Horizen (ZEN) traded up 0.5% against the dollar and now trades at $4.37 or 0.00006832 BTC.
• Pirate Chain (ARRR) traded 7.1% lower against the dollar and now trades at $0.26 or 0.00000408 BTC.
• Bitcoin Gold (BTG) traded up 31% against the dollar and now trades at $0.29 or 0.00000458 BTC.
• ZClassic (ZCL) traded 9.9% lower against the dollar and now trades at $0.17 or 0.00000261 BTC.

About Komodo

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 message board is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. 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”

Buying and Selling Komodo

It is usually not currently possible to buy alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to trade Komodo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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