Komodo (KMD) Reaches Market Capitalization of $30.89 Million

Komodo (KMD) traded down 3.8% against the US dollar during the 1 day period ending at 20:00 PM E.T. on September 16th. One Komodo coin can currently be purchased for approximately $0.23 or 0.00000389 BTC on popular cryptocurrency exchanges. Komodo has a market capitalization of $30.89 million and $1.39 million worth of Komodo was traded on exchanges in the last day. During the last seven days, Komodo has traded 8.8% lower against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded 1% lower against the dollar and now trades at $29.18 or 0.00050020 BTC.
• Bitcoin Gold (BTG) traded 0.5% lower against the dollar and now trades at $21.92 or 0.00037583 BTC.
• Horizen (ZEN) traded down 1.7% against the dollar and now trades at $7.71 or 0.00013217 BTC.
• Pirate Chain (ARRR) traded 2.6% lower against the dollar and now trades at $0.17 or 0.00000297 BTC.
• ZClassic (ZCL) traded down 1.3% against the dollar and now trades at $0.0467 or 0.00000080 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 140,430,001 coins and its circulating supply is 135,953,876 coins. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official website is komodoplatform.com. 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.

According to CryptoCompare, “Komodo (KMD) is a blockchain and cryptocurrency platform focused on security, anonymity, and interoperability. Stemming from Bitcoin’s foundation, it surpasses limitations with advanced tech. Key is “delayed proof of work” (dPoW), backing up Komodo on Bitcoin’s chain for extra security. This innovation supports independent blockchains with unique consensus mechanisms, ideal for decentralized apps and secure token sales. Founded by James Lee, Komodo’s team envisioned a privacy-focused, scalable ecosystem, leveraging Lee’s software and blockchain expertise.”

Buying and Selling Komodo

It is usually not currently 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 GDAX. 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