Komodo (KMD) Reaches 1-Day Trading Volume of $176.14 Thousand

Komodo (KMD) traded up 3.2% against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on March 1st. One Komodo coin can now be purchased for about $0.0215 or 0.00000032 BTC on popular exchanges. Komodo has a total market capitalization of $2.93 million and approximately $176.14 thousand worth of Komodo was traded on exchanges in the last day. Over the last week, Komodo has traded 1% higher against the U.S. dollar.

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

• Zcash (ZEC) traded up 5.7% against the dollar and now trades at $220.06 or 0.00331782 BTC.
• Horizen (ZEN) traded up 7.1% against the dollar and now trades at $5.39 or 0.00008124 BTC.
• Pirate Chain (ARRR) traded 4.6% higher against the dollar and now trades at $0.26 or 0.00000390 BTC.
• Bitcoin Gold (BTG) traded up 26.6% against the dollar and now trades at $1.10 or 0.00001652 BTC.
• ZClassic (ZCL) traded down 4.7% against the dollar and now trades at $0.18 or 0.00000276 BTC.

Komodo Coin Profile

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 141,238,573 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo is blog.komodoplatform.com. 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 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 possible to purchase alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to acquire Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView