Komodo Reaches 24 Hour Volume of $220.39 Thousand (KMD)

Komodo (KMD) traded down 0.9% against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on December 27th. Over the last week, Komodo has traded 7.9% lower against the U.S. dollar. Komodo has a market cap of $4.95 million and $220.39 thousand worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for approximately $0.0364 or 0.00000042 BTC on major cryptocurrency exchanges.

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

• Zcash (ZEC) traded 14.4% higher against the dollar and now trades at $511.61 or 0.00585112 BTC.
• Horizen (ZEN) traded 15.9% higher against the dollar and now trades at $9.25 or 0.00010585 BTC.
• Pirate Chain (ARRR) traded 3.4% lower against the dollar and now trades at $0.27 or 0.00000304 BTC.
• Bitcoin Gold (BTG) traded down 5.1% against the dollar and now trades at $0.51 or 0.00000585 BTC.
• ZClassic (ZCL) traded up 10.9% against the dollar and now trades at $0.29 or 0.00000330 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 141,155,390 coins and its circulating supply is 135,953,876 coins. Komodo’s official message board is blog.komodoplatform.com. 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.

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 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, Coinbase or Changelly. 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