Komodo Price Tops $0.0281 on Top Exchanges (KMD)

Komodo (KMD) traded 26.7% lower against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on December 3rd. Komodo has a total market cap of $3.82 million and approximately $238.32 thousand worth of Komodo was traded on exchanges in the last 24 hours. During the last seven days, Komodo has traded down 27.4% against the dollar. One Komodo coin can now be purchased for approximately $0.0281 or 0.00000030 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded up 2.5% against the dollar and now trades at $336.21 or 0.00361503 BTC.
• Horizen (ZEN) traded 5.1% lower against the dollar and now trades at $9.20 or 0.00009891 BTC.
• Pirate Chain (ARRR) traded up 8.4% against the dollar and now trades at $0.27 or 0.00000295 BTC.
• Bitcoin Gold (BTG) traded down 14.1% against the dollar and now trades at $0.41 or 0.00000441 BTC.
• ZClassic (ZCL) traded up 21.9% against the dollar and now trades at $0.50 or 0.00000538 BTC.

Komodo Coin Profile

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 141,122,529 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.”

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 trade Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView