Komodo Price Hits $0.0200 on Top Exchanges (KMD)

Komodo (KMD) traded down 74.4% against the US dollar during the 24 hour period ending at 8:00 AM ET on October 3rd. Komodo has a total market cap of $2.72 million and approximately $97.07 worth of Komodo was traded on exchanges in the last 24 hours. Over the last week, Komodo has traded up 138.8% against the US dollar. One Komodo coin can now be purchased for $0.0200 or 0.00000024 BTC on major exchanges.

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

• Zcash (ZEC) traded 5.3% lower against the dollar and now trades at $1,311.02 or 0.01545119 BTC.
• Horizen (ZEN) traded 4.2% lower against the dollar and now trades at $6.85 or 0.00008078 BTC.
• Pirate Chain (ARRR) traded up 1.6% against the dollar and now trades at $0.30 or 0.00000355 BTC.
• ZClassic (ZCL) traded up 15.6% against the dollar and now trades at $1.09 or 0.00001286 BTC.
• Bitcoin Gold (BTG) traded 54.8% lower against the dollar and now trades at $0.41 or 0.00000479 BTC.

Komodo Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 141,262,234 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 message board is blog.komodoplatform.com. 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. Telegram, Discord, YouTube, Reddit, Github”

Buying and Selling Komodo

It is usually not possible to buy alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to trade Komodo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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