Komodo Price Reaches $0.0385 on Major Exchanges (KMD)

Komodo (KMD) traded up 2.3% against the US dollar during the 24 hour period ending at 8:00 AM Eastern on December 23rd. In the last seven days, Komodo has traded up 42.1% against the US dollar. One Komodo coin can now be purchased for about $0.0385 or 0.00000044 BTC on popular exchanges. Komodo has a total market capitalization of $5.23 million and approximately $210.58 thousand worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 7.7% lower against the dollar and now trades at $417.52 or 0.00475237 BTC.
• Horizen (ZEN) traded down 3.7% against the dollar and now trades at $7.64 or 0.00008691 BTC.
• Pirate Chain (ARRR) traded 13.6% lower against the dollar and now trades at $0.28 or 0.00000316 BTC.
• Bitcoin Gold (BTG) traded 23.5% lower against the dollar and now trades at $0.52 or 0.00000594 BTC.
• ZClassic (ZCL) traded 16.7% higher against the dollar and now trades at $0.28 or 0.00000319 BTC.

Komodo Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 141,150,004 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. 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.

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 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 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