Komodo (KMD) Achieves Market Cap of $28.85 Million

Komodo (KMD) traded 3% higher against the dollar during the 1-day period ending at 18:00 PM Eastern on November 5th. One Komodo coin can currently be bought for about $0.21 or 0.00000306 BTC on popular exchanges. Over the last seven days, Komodo has traded 15.4% lower against the dollar. Komodo has a market cap of $28.85 million and $742,281.25 worth of Komodo was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 2.9% higher against the dollar and now trades at $38.06 or 0.00054830 BTC.
• Bitcoin Gold (BTG) traded up 3% against the dollar and now trades at $21.78 or 0.00031384 BTC.
• Horizen (ZEN) traded up 2.6% against the dollar and now trades at $7.15 or 0.00010294 BTC.
• Pirate Chain (ARRR) traded 3.2% higher against the dollar and now trades at $0.17 or 0.00000246 BTC.
• ZClassic (ZCL) traded up 2.3% against the dollar and now trades at $0.0416 or 0.00000060 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 140,558,287 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView