Komodo Achieves Market Capitalization of $13.69 Million (KMD)

Komodo (KMD) traded up 1.5% against the US dollar during the 24 hour period ending at 14:00 PM ET on June 10th. One Komodo coin can currently be purchased for approximately $0.10 or 0.00000093 BTC on major cryptocurrency exchanges. During the last week, Komodo has traded down 17.5% against the US dollar. Komodo has a market capitalization of $13.69 million and $3.04 million worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded up 3.3% against the dollar and now trades at $52.01 or 0.00047842 BTC.
• Horizen (ZEN) traded up 0.6% against the dollar and now trades at $10.69 or 0.00009836 BTC.
• Pirate Chain (ARRR) traded 1.4% higher against the dollar and now trades at $0.15 or 0.00000141 BTC.
• Bitcoin Gold (BTG) traded 1.6% lower against the dollar and now trades at $0.83 or 0.00000763 BTC.
• ZClassic (ZCL) traded 0.2% higher against the dollar and now trades at $0.0935 or 0.00000086 BTC.

About Komodo

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,868,906 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 Twitter account is @komodoplatform and its Facebook page is accessible 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.”

Buying and Selling Komodo

It is usually not presently possible to buy alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to acquire Komodo should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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