Komodo Price Tops $0.0052 on Major Exchanges (KMD)

Komodo (KMD) traded 31.4% higher against the dollar during the one day period ending at 8:00 AM ET on April 2nd. Komodo has a market cap of $701.24 thousand and $175.95 thousand worth of Komodo was traded on exchanges in the last 24 hours. In the last seven days, Komodo has traded 31.6% lower against the dollar. One Komodo coin can now be bought for $0.0052 or 0.00000008 BTC on exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded down 4.4% against the dollar and now trades at $233.83 or 0.00353719 BTC.
• Horizen (ZEN) traded 5.6% lower against the dollar and now trades at $5.25 or 0.00007940 BTC.
• Pirate Chain (ARRR) traded 1.5% lower against the dollar and now trades at $0.18 or 0.00000273 BTC.
• Bitcoin Gold (BTG) traded 64.8% higher against the dollar and now trades at $1.42 or 0.00002141 BTC.
• ZClassic (ZCL) traded 0.4% lower against the dollar and now trades at $0.22 or 0.00000331 BTC.

About Komodo

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 141,262,234 coins and its circulating supply is 135,953,876 coins. 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. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here.

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. Telegram, Discord, YouTube, Reddit, Github”

Komodo Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to acquire Komodo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase 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