Komodo (KMD) Tops 24-Hour Volume of $2.16

Komodo (KMD) traded up 908.3% against the dollar during the 1-day period ending at 8:00 AM ET on June 5th. One Komodo coin can now be purchased for approximately $0.11 or 0.00000179 BTC on exchanges. Komodo has a total market capitalization of $15.12 million and approximately $2.16 worth of Komodo was traded on exchanges in the last 24 hours. During the last seven days, Komodo has traded 1,370.2% higher against the dollar.

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

• Zcash (ZEC) traded 42.2% lower against the dollar and now trades at $304.68 or 0.00489194 BTC.
• Horizen (ZEN) traded 15.3% lower against the dollar and now trades at $4.29 or 0.00006881 BTC.
• Pirate Chain (ARRR) traded 13.9% lower against the dollar and now trades at $0.31 or 0.00000504 BTC.
• Bitcoin Gold (BTG) traded down 9.2% against the dollar and now trades at $0.29 or 0.00000465 BTC.
• ZClassic (ZCL) traded 33.3% lower against the dollar and now trades at $0.29 or 0.00000460 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 141,262,234 coins and its circulating supply is 135,953,876 coins. Komodo’s official message board is blog.komodoplatform.com. The official website for Komodo 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.

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 presently 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView