Komodo Price Hits $0.0377 on Exchanges (KMD)

Komodo (KMD) traded up 2.8% against the dollar during the 24 hour period ending at 7:00 AM ET on January 4th. In the last week, Komodo has traded 3.6% higher against the dollar. Komodo has a market cap of $5.13 million and $169.26 thousand worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for about $0.0377 or 0.00000041 BTC on popular exchanges.

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

• Zcash (ZEC) traded 0% lower against the dollar and now trades at $506.03 or 0.00554863 BTC.
• Horizen (ZEN) traded 3.6% lower against the dollar and now trades at $9.26 or 0.00010157 BTC.
• Pirate Chain (ARRR) traded up 7.4% against the dollar and now trades at $0.26 or 0.00000283 BTC.
• Bitcoin Gold (BTG) traded down 59.8% against the dollar and now trades at $0.56 or 0.00000618 BTC.
• ZClassic (ZCL) traded 23% lower against the dollar and now trades at $0.19 or 0.00000208 BTC.

About Komodo

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 141,166,098 coins and its circulating supply is 135,953,876 coins. Komodo’s official website is komodoplatform.com. The official message board for Komodo is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. 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 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 Gemini, GDAX 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