Komodo 1-Day Trading Volume Hits $736,393.67 (KMD)

Komodo (KMD) traded up 6.9% against the US dollar during the one day period ending at 11:00 AM Eastern on April 11th. One Komodo coin can currently be purchased for approximately $0.12 or 0.00000149 BTC on exchanges. During the last seven days, Komodo has traded down 6.5% against the US dollar. Komodo has a total market capitalization of $16.71 million and approximately $736,393.67 worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 15.5% higher against the dollar and now trades at $36.77 or 0.00044589 BTC.
• Horizen (ZEN) traded up 9.5% against the dollar and now trades at $8.34 or 0.00010112 BTC.
• Pirate Chain (ARRR) traded up 5.3% against the dollar and now trades at $0.11 or 0.00000128 BTC.
• Bitcoin Gold (BTG) traded 5.7% lower against the dollar and now trades at $0.91 or 0.00001107 BTC.
• ZClassic (ZCL) traded up 3.5% against the dollar and now trades at $0.0710 or 0.00000086 BTC.

About Komodo

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 140,785,221 coins and its circulating supply is 135,953,876 coins. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official message board is blog.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.”

Komodo Coin Trading

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

KMD/USD price chart by TradingView