Komodo Tops 24 Hour Volume of $0.23 (KMD)

Komodo (KMD) traded down 71.5% against the U.S. dollar during the 1-day period ending at 8:00 AM E.T. on July 19th. In the last week, Komodo has traded 284.9% higher against the U.S. dollar. One Komodo coin can now be bought for about $0.0352 or 0.00000055 BTC on cryptocurrency exchanges. Komodo has a market capitalization of $4.79 million and approximately $0.23 worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 1.7% higher against the dollar and now trades at $554.13 or 0.00861327 BTC.
• Horizen (ZEN) traded up 1.4% against the dollar and now trades at $4.20 or 0.00006521 BTC.
• Pirate Chain (ARRR) traded up 0.1% against the dollar and now trades at $0.22 or 0.00000336 BTC.
• Bitcoin Gold (BTG) traded down 19.5% against the dollar and now trades at $0.20 or 0.00000311 BTC.
• ZClassic (ZCL) traded 2.4% lower against the dollar and now trades at $0.16 or 0.00000249 BTC.

Komodo Profile

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 141,262,234 coins and its circulating supply is 135,953,876 coins. 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. The official message board for Komodo is blog.komodoplatform.com. Komodo’s official website is 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. Telegram, Discord, YouTube, Reddit, Github”

Buying and Selling Komodo

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView