What is Komodo(KMD)?
Komodo (KMD) is the native currency of SuperNet platform which is a decentralized, peer to peer open source network which allows and facilitates launching of ICOs for new coins. The Komodo Platform is a cryptocurrency project that focuses on providing anonymity through zero-knowledge proofs and security through a novel Delayed Proof of Work (dPoW) protocol.
Komodo started as a privacy coin, evolved into a platform, and is now a growing ecosystem. Komodo is a fork of Zcash and was launched in September 2016. It retained multiple features of Zcash. The total number of Komodo on the network is 100,945,510 KMD. The project’s primary goal is to decentralize token/coin issuance, exchange, and distribution. Komodo Platform is the first cryptocurrency project to provide decentralized atomic swaps with automatic decentralized order matching.
How does Komodo(KMD) work?
The Komodo Platform is more of an ecosystem than it is an individual coin or platform. The project has four separate whitepapers that outline the main parts of the ecosystem, and they are BarterDEX, Jumblr, Delayed Proof-of-Work (dPoW), Decentralized Fiat Currencies (DFCs). Komodo has a native token called Komodo as well. When a new company wants to launch an ICO using Komodo solutions like the blockchain and Komodo white label solutions or create an own blockchain using Komodo’s infrastructure, they need to pay a fee. This fee is payable in Komodo.
Komodo offers multiple solutions to the new coins and developers including SuperNet, which develops different open source decentralized tools for the open market. EasyDEX (Easy Decentralized Exchange) which is a fully decentralized cryptocurrency exchange and PAX (Pegged Asset Exchange) which allows users to exchange fiat currencies across borders, Iguana Multi-wallet which can hold multiple cryptocurrencies. The user needs to pay a fee, in Komodo, to utilize these resources.
How to buy Komodo(KMD)?
Currently, to purchase Komodo, you must own Bitcoin. Komodo users will be able to buy with fiat directly very soon itself. You can buy bitcoins from either exchange or straight from other people via marketplaces. Then exchange in an exchange and purchase your coin. You have to create a wallet with a password which should not be forgotten. The cryptocurrency exchanges which listing Komodo are Cryptox, Cryptopia, CoinExchange, Bittrex.
Komodo(KMD) price prediction 2018
KMD can be a profitable investment option. Komodo price equal to 7.497 USD at 2018-01-20. If you buy Komodo for 100 dollars today, you will get a total of 13.338 KMD. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-13 is 46.678 US Dollars. With a 5-year investment, the revenue is expected to be around +522.61%. Your current $100 investment may be up to $622.61 in 2022. Komodo (KMD) price today is $7.49 and market cap value is $767,168,243. The volume is $28,976,300 and has a current supply 102,406,525 KMD.