Komodo Price Reaches $0.0263 on Top Exchanges (KMD)

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

Here is how similar 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 up 0.1% 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 down 35.9% against the dollar and now trades at $0.61 or 0.00000643 BTC.
• ZClassic (ZCL) traded 9.8% higher against the dollar and now trades at $0.34 or 0.00000361 BTC.

About Komodo

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 141,182,093 coins and its circulating supply is 135,953,876 coins. Komodo’s official website is 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 message board is blog.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 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 exchanges listed above.

KMD/USD price chart by TradingView