Komodo (KMD) Reaches Market Cap of $806.02 Thousand

Komodo (KMD) traded down 65.6% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on August 16th. In the last week, Komodo has traded 8.5% lower against the U.S. dollar. Komodo has a market capitalization of $806.02 thousand and approximately $11.92 worth of Komodo was traded on exchanges in the last day. One Komodo coin can currently be bought for $0.0059 or 0.00000009 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded down 1.3% against the dollar and now trades at $485.07 or 0.00770541 BTC.
• Horizen (ZEN) traded down 0.7% against the dollar and now trades at $3.98 or 0.00006330 BTC.
• Pirate Chain (ARRR) traded down 5.7% against the dollar and now trades at $0.20 or 0.00000318 BTC.
• Bitcoin Gold (BTG) traded 0% lower against the dollar and now trades at $0.39 or 0.00000623 BTC.
• ZClassic (ZCL) traded down 22.2% against the dollar and now trades at $0.18 or 0.00000279 BTC.

Komodo Coin Profile

Komodo 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 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. 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. Telegram, Discord, YouTube, Reddit, Github”

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