Komodo Market Capitalization Achieves $10.15 Million (KMD)

Komodo (KMD) traded up 979.3% against the U.S. dollar during the 1-day period ending at 8:00 AM E.T. on July 23rd. One Komodo coin can currently be purchased for approximately $0.0747 or 0.00000114 BTC on popular cryptocurrency exchanges. Over the last week, Komodo has traded down 39.8% against the U.S. dollar. Komodo has a total market cap of $10.15 million and approximately $40.98 worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded up 0.8% against the dollar and now trades at $516.55 or 0.00788595 BTC.
• Horizen (ZEN) traded down 1.1% against the dollar and now trades at $4.10 or 0.00006265 BTC.
• Pirate Chain (ARRR) traded 2% lower against the dollar and now trades at $0.22 or 0.00000332 BTC.
• Bitcoin Gold (BTG) traded down 26.6% against the dollar and now trades at $0.22 or 0.00000336 BTC.
• ZClassic (ZCL) traded 5.1% higher against the dollar and now trades at $0.16 or 0.00000243 BTC.

Komodo Profile

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

Buying and Selling Komodo

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

KMD/USD price chart by TradingView