Komodo Market Cap Reaches $13.05 Million (KMD)

Komodo (KMD) traded 82.7% higher against the dollar during the 1-day period ending at 8:00 AM E.T. on May 24th. In the last week, Komodo has traded up 1,387.9% against the dollar. One Komodo coin can now be bought for about $0.0960 or 0.00000125 BTC on popular cryptocurrency exchanges. Komodo has a total market capitalization of $13.05 million and approximately $239.65 worth of Komodo was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded up 11.1% against the dollar and now trades at $647.70 or 0.00841364 BTC.
• Horizen (ZEN) traded 5.1% higher against the dollar and now trades at $6.12 or 0.00007949 BTC.
• Pirate Chain (ARRR) traded 6.1% higher against the dollar and now trades at $0.36 or 0.00000462 BTC.
• Bitcoin Gold (BTG) traded 25.8% higher against the dollar and now trades at $0.38 or 0.00000492 BTC.
• ZClassic (ZCL) traded down 1.3% against the dollar and now trades at $0.16 or 0.00000211 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 141,262,234 coins and its circulating supply is 135,953,876 coins. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. 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.

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 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 Changelly, Gemini or Coinbase. 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