Komodo Reaches Market Capitalization of $26.60 Million (KMD)

Komodo (KMD) traded 1.5% higher against the dollar during the twenty-four hour period ending at 12:00 PM E.T. on February 10th. Komodo has a total market cap of $26.60 million and approximately $1.06 million worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be purchased for about $0.20 or 0.00000201 BTC on major cryptocurrency exchanges. Over the last seven days, Komodo has traded 1.8% higher against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded up 0.4% against the dollar and now trades at $32.42 or 0.00033307 BTC.
• Horizen (ZEN) traded 0.9% higher against the dollar and now trades at $11.75 or 0.00012077 BTC.
• Bitcoin Gold (BTG) traded up 30% against the dollar and now trades at $5.46 or 0.00005613 BTC.
• Pirate Chain (ARRR) traded 3.1% lower against the dollar and now trades at $0.15 or 0.00000153 BTC.
• ZClassic (ZCL) traded up 0.7% against the dollar and now trades at $0.0612 or 0.00000063 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 140,699,601 coins and its circulating supply is 135,953,876 coins. Komodo’s official website is komodoplatform.com. The official message board for Komodo is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. 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 purchase alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView