Komodo (KMD) Market Cap Hits $2.79 Million

Komodo (KMD) traded down 73.9% against the U.S. dollar during the one day period ending at 8:00 AM ET on October 7th. Komodo has a market cap of $2.79 million and approximately $52.96 worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be purchased for $0.0205 or 0.00000025 BTC on popular cryptocurrency exchanges. During the last seven days, Komodo has traded 74.6% lower against the U.S. dollar.

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

• Zcash (ZEC) traded down 4.8% against the dollar and now trades at $1,305.24 or 0.01563133 BTC.
• Horizen (ZEN) traded down 7.7% against the dollar and now trades at $6.62 or 0.00007924 BTC.
• Pirate Chain (ARRR) traded 5% lower against the dollar and now trades at $0.29 or 0.00000352 BTC.
• Bitcoin Gold (BTG) traded 4.2% lower against the dollar and now trades at $0.64 or 0.00000763 BTC.
• ZClassic (ZCL) traded 1.5% lower against the dollar and now trades at $0.86 or 0.00001030 BTC.

Komodo Coin Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 141,262,234 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo 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. 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. Telegram, Discord, YouTube, Reddit, Github”

Komodo Coin Trading

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

KMD/USD price chart by TradingView