Komodo (KMD) Price Tops $0.17

Komodo (KMD) traded 15.9% higher against the U.S. dollar during the twenty-four hour period ending at 12:00 PM Eastern on March 14th. One Komodo coin can currently be purchased for about $0.17 or 0.00000199 BTC on cryptocurrency exchanges. Over the last week, Komodo has traded 4.3% lower against the U.S. dollar. Komodo has a total market capitalization of $22.87 million and $8.93 million worth of Komodo was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 6.2% higher against the dollar and now trades at $31.98 or 0.00037889 BTC.
• Horizen (ZEN) traded up 6.7% against the dollar and now trades at $9.45 or 0.00011194 BTC.
• Bitcoin Gold (BTG) traded 0.8% lower against the dollar and now trades at $3.02 or 0.00003575 BTC.
• Pirate Chain (ARRR) traded up 0.9% against the dollar and now trades at $0.14 or 0.00000160 BTC.
• ZClassic (ZCL) traded up 4.3% against the dollar and now trades at $0.0726 or 0.00000086 BTC.

Komodo Coin Profile

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 140,745,484 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. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The official website for Komodo is komodoplatform.com. 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.”

Buying and Selling Komodo

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