Komodo Tops 24 Hour Volume of $8.93 Million (KMD)

Komodo (KMD) traded up 15.9% against the US dollar during the 1-day period ending at 12:00 PM E.T. on March 14th. Over the last seven days, Komodo has traded 4.3% lower against the US dollar. Komodo has a market cap of $22.87 million and $8.93 million worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for about $0.17 or 0.00000199 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded up 6.2% against the dollar and now trades at $31.98 or 0.00037889 BTC.
• Horizen (ZEN) traded up 6.7% against the dollar and now trades at $9.45 or 0.00011194 BTC.
• Bitcoin Gold (BTG) traded down 0.8% against the dollar and now trades at $3.02 or 0.00003575 BTC.
• Pirate Chain (ARRR) traded 0.9% higher against the dollar and now trades at $0.14 or 0.00000160 BTC.
• ZClassic (ZCL) traded up 4.3% against the dollar and now trades at $0.0726 or 0.00000086 BTC.

About 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 140,745,484 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo 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. 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.”

Buying and Selling Komodo

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

KMD/USD price chart by TradingView