Komodo Achieves Market Capitalization of $1.24 Million (KMD)

Komodo (KMD) traded 34.6% lower against the US dollar during the 24-hour period ending at 8:00 AM E.T. on July 15th. One Komodo coin can now be purchased for approximately $0.0091 or 0.00000014 BTC on exchanges. Komodo has a total market capitalization of $1.24 million and $54.28 worth of Komodo was traded on exchanges in the last 24 hours. Over the last week, Komodo has traded up 12.2% against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded 12.4% higher against the dollar and now trades at $572.07 or 0.00884570 BTC.
• Horizen (ZEN) traded up 5.3% against the dollar and now trades at $4.27 or 0.00006603 BTC.
• Pirate Chain (ARRR) traded 1.3% higher against the dollar and now trades at $0.22 or 0.00000333 BTC.
• Bitcoin Gold (BTG) traded 21.8% higher against the dollar and now trades at $0.36 or 0.00000549 BTC.
• ZClassic (ZCL) traded 1.7% higher against the dollar and now trades at $0.17 or 0.00000258 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 141,262,234 coins and its circulating supply is 135,953,876 coins. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official message board is blog.komodoplatform.com. 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”

Komodo Coin Trading

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

KMD/USD price chart by TradingView