Komodo Price Reaches $0.0070 (KMD)

Komodo (KMD) traded 39.2% lower against the US dollar during the one day period ending at 9:00 AM E.T. on July 7th. During the last week, Komodo has traded 69.7% lower against the US dollar. Komodo has a market cap of $944.95 thousand and approximately $41.77 worth of Komodo was traded on exchanges in the last day. One Komodo coin can currently be purchased for about $0.0070 or 0.00000011 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded up 3.1% against the dollar and now trades at $457.30 or 0.00724233 BTC.
• Horizen (ZEN) traded up 1.4% against the dollar and now trades at $4.17 or 0.00006604 BTC.
• Pirate Chain (ARRR) traded 3.2% lower against the dollar and now trades at $0.23 or 0.00000367 BTC.
• Bitcoin Gold (BTG) traded 23.2% lower against the dollar and now trades at $0.26 or 0.00000412 BTC.
• ZClassic (ZCL) traded 2.9% lower against the dollar and now trades at $0.18 or 0.00000289 BTC.

About Komodo

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis 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 website is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official message board 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 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”

Buying and Selling Komodo

It is usually not 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