Komodo Price Reaches $0.0174 on Major Exchanges (KMD)

Komodo (KMD) traded 198.1% higher against the US dollar during the 1-day period ending at 8:00 AM E.T. on August 8th. One Komodo coin can now be bought for $0.0174 or 0.00000027 BTC on popular cryptocurrency exchanges. In the last week, Komodo has traded 171% higher against the US dollar. Komodo has a total market cap of $2.37 million and approximately $4.42 worth of Komodo was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded down 2.4% against the dollar and now trades at $498.05 or 0.00767118 BTC.
• Horizen (ZEN) traded up 0.6% against the dollar and now trades at $4.07 or 0.00006276 BTC.
• Pirate Chain (ARRR) traded up 0.4% against the dollar and now trades at $0.24 or 0.00000363 BTC.
• Bitcoin Gold (BTG) traded 38.4% higher against the dollar and now trades at $0.40 or 0.00000618 BTC.
• ZClassic (ZCL) traded 0.9% higher against the dollar and now trades at $0.17 or 0.00000260 BTC.

Komodo Profile

Komodo (CRYPTO: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 141,262,234 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. The official message board for Komodo 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”

Komodo Coin Trading

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 exchanges listed above.

KMD/USD price chart by TradingView