Komodo Achieves Market Capitalization of $1.24 Million (KMD)

Komodo (KMD) traded 34.6% lower against the US dollar during the 1 day period ending at 8:00 AM Eastern on July 15th. One Komodo coin can currently be bought for approximately $0.0091 or 0.00000014 BTC on major cryptocurrency exchanges. Over the last week, Komodo has traded 12.2% higher against the US dollar. Komodo has a total market capitalization of $1.24 million and $54.28 worth of Komodo was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 12.4% higher against the dollar and now trades at $572.07 or 0.00884570 BTC.
• Horizen (ZEN) traded up 5.3% against the dollar and now trades at $4.27 or 0.00006603 BTC.
• Pirate Chain (ARRR) traded up 1.3% against the dollar and now trades at $0.22 or 0.00000333 BTC.
• Bitcoin Gold (BTG) traded 21.8% higher against the dollar and now trades at $0.36 or 0.00000549 BTC.
• ZClassic (ZCL) traded up 1.7% against the dollar and now trades at $0.17 or 0.00000258 BTC.

About Komodo

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 141,262,234 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 website is komodoplatform.com. Komodo’s official message board is blog.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”

Buying and Selling Komodo

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView