Komodo Hits Market Capitalization of $16.41 Million (KMD)

Komodo (KMD) traded up 0.4% against the US dollar during the 24-hour period ending at 13:00 PM ET on April 15th. One Komodo coin can now be purchased for approximately $0.12 or 0.00000142 BTC on exchanges. Over the last seven days, Komodo has traded 2.1% higher against the US dollar. Komodo has a total market cap of $16.41 million and $1.09 million worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded down 3.8% against the dollar and now trades at $30.67 or 0.00036068 BTC.
• Horizen (ZEN) traded 2.1% higher against the dollar and now trades at $8.27 or 0.00009726 BTC.
• Pirate Chain (ARRR) traded up 1.3% against the dollar and now trades at $0.11 or 0.00000131 BTC.
• Bitcoin Gold (BTG) traded 2.1% lower against the dollar and now trades at $0.67 or 0.00000785 BTC.
• ZClassic (ZCL) traded up 1% against the dollar and now trades at $0.0731 or 0.00000086 BTC.

Komodo Profile

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,790,941 coins and its circulating supply is 135,953,876 coins. 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. 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.”

Buying and Selling Komodo

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

KMD/USD price chart by TradingView