Komodo Price Hits $0.15 (KMD)

Komodo (KMD) traded down 0.8% against the dollar during the one day period ending at 8:00 AM ET on July 3rd. One Komodo coin can now be bought for $0.15 or 0.00000248 BTC on popular cryptocurrency exchanges. In the last seven days, Komodo has traded 9.3% lower against the dollar. Komodo has a market cap of $20.81 million and $6.05 worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 4.1% higher against the dollar and now trades at $466.89 or 0.00752245 BTC.
• Horizen (ZEN) traded 2.3% higher against the dollar and now trades at $4.34 or 0.00006987 BTC.
• Pirate Chain (ARRR) traded 3.9% higher against the dollar and now trades at $0.25 or 0.00000400 BTC.
• Bitcoin Gold (BTG) traded down 0.3% against the dollar and now trades at $0.29 or 0.00000470 BTC.
• ZClassic (ZCL) traded down 0.8% against the dollar and now trades at $0.18 or 0.00000290 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 141,262,234 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. Komodo’s official message board is blog.komodoplatform.com. Komodo’s official website is 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”

Komodo Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to acquire Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView