Komodo Price Hits $0.0088 on Major Exchanges (KMD)

Komodo (KMD) traded 93.5% lower against the dollar during the twenty-four hour period ending at 8:00 AM Eastern on June 29th. One Komodo coin can currently be bought for $0.0088 or 0.00000015 BTC on popular cryptocurrency exchanges. Komodo has a market capitalization of $1.19 million and approximately $202.85 worth of Komodo was traded on exchanges in the last day. Over the last week, Komodo has traded up 32% against the dollar.

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

• Zcash (ZEC) traded 0.8% lower against the dollar and now trades at $383.50 or 0.00636695 BTC.
• Horizen (ZEN) traded down 0.2% against the dollar and now trades at $4.09 or 0.00006791 BTC.
• Pirate Chain (ARRR) traded down 1.1% against the dollar and now trades at $0.24 or 0.00000406 BTC.
• Bitcoin Gold (BTG) traded down 18.2% against the dollar and now trades at $0.24 or 0.00000398 BTC.
• ZClassic (ZCL) traded 0.4% higher against the dollar and now trades at $0.18 or 0.00000300 BTC.

About Komodo

Komodo (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. Komodo’s official website is komodoplatform.com. 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. 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”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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