Komodo Achieves Market Capitalization of $32.98 Million (KMD)

Komodo (KMD) traded 4.3% higher against the U.S. dollar during the 1-day period ending at 8:00 AM ET on May 22nd. Komodo has a market capitalization of $32.98 million and approximately $562,881.00 worth of Komodo was traded on exchanges in the last day. In the last week, Komodo has traded 0.8% higher against the U.S. dollar. One Komodo coin can currently be bought for approximately $0.25 or 0.00000836 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

  • Zcash (ZEC) traded 5.6% higher against the dollar and now trades at $108.21 or 0.00361243 BTC.
  • Bitcoin Gold (BTG) traded up 4.3% against the dollar and now trades at $19.26 or 0.00064302 BTC.
  • Horizen (ZEN) traded 5.3% higher against the dollar and now trades at $21.09 or 0.00070414 BTC.
  • RedFOX Labs (RFOX) traded flat against the dollar and now trades at $0.13 or 0.00000270 BTC.
  • Pirate Chain (ARRR) traded 3.5% higher against the dollar and now trades at $0.71 or 0.00002357 BTC.
  • Alchemy Pay (ACH) traded 3.8% higher against the dollar and now trades at $0.0169 or 0.00000056 BTC.
  • Zel (ZEL) traded flat against the dollar and now trades at $0.15 or 0.00000252 BTC.
  • Bitcoin Private (BTCP) traded up 2.1% against the dollar and now trades at $1.77 or 0.00005898 BTC.
  • Flux (FLX) traded 2.1% higher against the dollar and now trades at $0.17 or 0.00000557 BTC.
  • TENT (TENT) traded up 2.4% against the dollar and now trades at $0.0588 or 0.00000196 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 131,586,722 coins and its circulating supply is 131,776,273 coins. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official website is komodoplatform.com. The Reddit community for Komodo is /r/komodoplatform and the currency’s Github account can be viewed here. Komodo’s official message board is blog.komodoplatform.com.

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. “

Buying and Selling Komodo

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

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