Komodo (KMD) Hits Market Capitalization of $42.61 Million

Komodo (KMD) traded 1.9% lower against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on January 1st. In the last week, Komodo has traded down 4.4% against the U.S. dollar. One Komodo coin can now be bought for $0.31 or 0.00000333 BTC on major exchanges. Komodo has a total market capitalization of $42.61 million and approximately $1.05 million worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 2.3% lower against the dollar and now trades at $56.75 or 0.00060297 BTC.
• Horizen (ZEN) traded 2% higher against the dollar and now trades at $30.15 or 0.00032035 BTC.
• Bitcoin Gold (BTG) traded 4.8% lower against the dollar and now trades at $8.80 or 0.00009351 BTC.
• Pirate Chain (ARRR) traded down 3.6% against the dollar and now trades at $0.21 or 0.00000227 BTC.
• ZClassic (ZCL) traded down 1.5% against the dollar and now trades at $0.0395 or 0.00000042 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 140,641,992 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 (KMD) is a blockchain and cryptocurrency platform focused on security, anonymity, and interoperability. Stemming from Bitcoin’s foundation, it surpasses limitations with advanced tech. Key is “delayed proof of work” (dPoW), backing up Komodo on Bitcoin’s chain for extra security. This innovation supports independent blockchains with unique consensus mechanisms, ideal for decentralized apps and secure token sales. Founded by James Lee, Komodo’s team envisioned a privacy-focused, scalable ecosystem, leveraging Lee’s software and blockchain expertise.”

Buying and Selling Komodo

It is usually not currently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView