Komodo (KMD) Market Cap Hits $5.35 Million

Komodo (KMD) traded down 1.5% against the U.S. dollar during the one day period ending at 7:00 AM Eastern on December 19th. Komodo has a total market cap of $5.35 million and $190.52 thousand worth of Komodo was traded on exchanges in the last day. One Komodo coin can now be bought for approximately $0.0394 or 0.00000045 BTC on major exchanges. Over the last seven days, Komodo has traded 4.9% lower against the U.S. dollar.

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

• Zcash (ZEC) traded 8.4% higher against the dollar and now trades at $425.52 or 0.00481954 BTC.
• Horizen (ZEN) traded up 3.8% against the dollar and now trades at $7.62 or 0.00008631 BTC.
• Pirate Chain (ARRR) traded 1.1% lower against the dollar and now trades at $0.28 or 0.00000320 BTC.
• Bitcoin Gold (BTG) traded 31.9% lower against the dollar and now trades at $0.58 or 0.00000662 BTC.
• ZClassic (ZCL) traded 23.1% lower against the dollar and now trades at $0.25 or 0.00000287 BTC.

Komodo Coin Profile

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 141,144,226 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. 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.”

Buying and Selling Komodo

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