Komodo (KMD) Market Cap Reaches $3.24 Million

Komodo (KMD) traded up 0.7% against the U.S. dollar during the 1-day period ending at 8:00 AM Eastern on February 9th. Komodo has a market capitalization of $3.24 million and approximately $152.69 thousand worth of Komodo was traded on exchanges in the last 24 hours. In the last week, Komodo has traded down 12.2% against the U.S. dollar. One Komodo coin can now be purchased for about $0.0239 or 0.00000034 BTC on major cryptocurrency exchanges.

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

• Zcash (ZEC) traded down 1.6% against the dollar and now trades at $234.16 or 0.00338525 BTC.
• Horizen (ZEN) traded 3.7% lower against the dollar and now trades at $5.82 or 0.00008420 BTC.
• Pirate Chain (ARRR) traded down 4.3% against the dollar and now trades at $0.26 or 0.00000375 BTC.
• Bitcoin Gold (BTG) traded 26.4% higher against the dollar and now trades at $0.95 or 0.00001368 BTC.
• ZClassic (ZCL) traded up 2.4% against the dollar and now trades at $0.41 or 0.00000600 BTC.

Komodo Coin Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 141,212,415 coins and its circulating supply is 135,953,876 coins. Komodo’s official website 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. The official message board for Komodo 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 presently 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, Coinbase or Gemini. 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