Komodo (KMD) Market Cap Achieves $3.58 Million

Komodo (KMD) traded 5% higher against the US dollar during the 1 day period ending at 7:00 AM ET on January 16th. Komodo has a total market capitalization of $3.58 million and approximately $175.81 thousand worth of Komodo was traded on exchanges in the last day. One Komodo coin can currently be bought for $0.0263 or 0.00000028 BTC on major exchanges. In the last seven days, Komodo has traded 30.6% lower against the US dollar.

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

• Zcash (ZEC) traded down 7% against the dollar and now trades at $410.73 or 0.00430932 BTC.
• Horizen (ZEN) traded 0.1% higher against the dollar and now trades at $12.69 or 0.00013314 BTC.
• Pirate Chain (ARRR) traded 15.5% higher against the dollar and now trades at $0.69 or 0.00000727 BTC.
• Bitcoin Gold (BTG) traded 35.9% lower against the dollar and now trades at $0.61 or 0.00000643 BTC.
• ZClassic (ZCL) traded up 9.8% against the dollar and now trades at $0.34 or 0.00000361 BTC.

Komodo Profile

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 141,182,093 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo is blog.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. 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.”

Komodo Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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