Komodo Price
(KMD)
USD($)
Komodo (KMD) Live Price Chart
Overview
About
Analysis
FAQ
Komodo Live Price Data
The live price of Komodo is $0.3350, with a total trading volume of $ 131,743 in the last 24 hours. The price of Komodo changed by +13.3% in the past day, and its USD value has decreased by -8.42% over the last week. With a circulating supply of 135,953,876 KMD, the market cap of Komodo is currently 45.03M USD, marking a --% increase today. Komodo currently ranks #-- in market cap.
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Note: This data is for reference only.
Komodo(KMD) Profile
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- BNB Smart Chain (BEP20) 0x2003f7...256
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$0.2936
$0.3806
- ATH
- $15.4
- Price Change (1h)
- +0.60%
- Price Change (24h)
- +13.30%
- Price Change (7d)
- -8.42%
- Market Cap
- $45.03M
- 24h Volume
- $131,743
- Circulating Supply
- 135,953,876
- Max Supply
- 200,000,000
About KMD
How can I buy Komodo (KMD)?
Buying KMD on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Komodo (KMD) for more information. What Is Komodo (KMD) Crypto?
Komodo (KMD) is a cryptocurrency and blockchain platform that supports decentralized applications (dApps), smart contracts, and custom blockchains. It's based on Zcash, which inherits robust privacy features and integrates a unique security mechanism through delayed Proof of Work (dPoW), which leverages Bitcoin’s blockchain for additional security.
The platform is known for its focus on interoperability, allowing different blockchain networks to interact and exchange data seamlessly. This is enabled by the Antara Framework, which provides tools for creating custom blockchains that can be launched quickly and efficiently.
Komodo also features decentralized exchanges (DEXs) and supports decentralized initial coin offerings (dICOs), allowing users to launch and manage their own ICOs securely and with privacy. It offers a 5% annual reward for holding KMD tokens in a compatible crypto wallet, incentivizing users to keep their coins rather than trading them.
Overall, Komodo is designed as a versatile and secure platform that appeals to developers interested in building customizable, efficient blockchain solutions while maintaining a strong emphasis on privacy and security.
How Does Komodo Work?
Komodo (KMD) uses a unique blockchain mechanism called delayed Proof of Work (dPoW). This system builds on the traditional Proof of Work (PoW) used by Bitcoin but adds an additional layer of security.
Komodo periodically records its blockchain's state onto the Bitcoin blockchain. This process is known as notarization and is facilitated by special nodes called notary nodes. By doing this, Komodo leverages the immense hash power and security of the Bitcoin network, protecting against attacks and data loss.
Komodo allows the creation of independent blockchains, called Smart Chains, which can operate with their own consensus rules yet remain connected to the main Komodo chain for security and notarization.
Komodo supports atomic swaps, allowing for the exchange of different cryptocurrencies directly without the need for a third party. This technology is integral to Komodo’s decentralized exchange, BarterDEX, which facilitates secure and private trading. The platform's Antara Framework provides tools for developers to build custom blockchains with specific features, enhancing the adaptability and scalability of projects built on Komodo.
Users holding KMD in a compatible wallet can earn rewards, incentivizing the retention of coins and supporting the network’s economy.
History of Komodo and KMD Coin
Komodo (KMD) was founded by James 'jl777' Lee, known for his privacy-focused approaches to cryptocurrency development. The project officially launched its genesis block on September 13, 2016. Under the pseudonym 'jl777', James Lee initially worked on a project called SuperNET on the Nxt platform, which focused on creating a cross-chain atomic swap platform. The limitations he found in the single-blockchain approach led him to develop Komodo, a project that aims for independence, autonomy, and collaboration among blockchains.
The Komodo platform is an evolution from BitcoinDark, a project aimed to improve Bitcoin's privacy failings. It incorporates Zcash's zk-SNARKs to provide enhanced privacy features and uses a Delayed Proof of Work (dPoW) system to secure its blockchain via backups on the Bitcoin blockchain.
Komodo has continually developed its technology and ecosystem since its inception. Notably, in 2017, it launched the mainnet and developed a fully functional atomic swap protocol, among other milestones. The platform also introduced its third-generation atomic swap technology, AtomicDEX, in 2019, a significant enhancement from its predecessors, InstaDEX and BarterDEX.
What Is KMD Token Used for?
The Komodo (KMD) token serves several important functions within its ecosystem:
- Transactions: You use KMD for fast, secure, and low-cost transactions within the Komodo platform. It's designed to ensure that even small transaction fees are usually sufficient to confirm transactions quickly.
- Decentralized Exchange (DEX): KMD is integrated into Komodo’s own decentralized exchange, the Komodo Wallet (formerly AtomicDEX). This wallet supports a wide range of cryptocurrencies and enables cross-chain trading through atomic swaps. KMD often offers trading fee discounts within this ecosystem.
- Reward Mechanism: Holding KMD can also earn you a 5% annual reward, which is paid to encourage users to hold onto their tokens. Unlike traditional staking systems, this reward system does not require you to keep your wallet online. To receive the rewards, you must hold your KMD in a compatible wallet and make at least one transaction a year.
- Development and Operations: KMD funds ongoing development and operations within the Komodo ecosystem. It plays a key role in decentralized initial coin offerings (dICOs) hosted on the platform, providing liquidity and operational funds.
- Trade KMD on KuCoin: Trade Komodo crypto on the KuCoin Spot Market against other digital assets based on your own research (DYOR) and investment goals. Buy or sell $KMD, or HODL if you believe in the future potential of the Komodo platform.
Komodo (KMD) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0405 | 13.81% |
| 7 Days | $-0.0304 | -8.33% |
| 30 Days | $0.066 | 24.64% |
| 3 Months | $0.0716 | 27.29% |
24H Investment Barometer
24H
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- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Komodo Conversion Rate
FAQ
How much is 1 Komodo (KMD) worth?
KuCoin provides real-time USD price updates for Komodo (KMD). Komodo price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time KMD to USD exchange rates. Is Komodo (KMD) a Good Investment?
Investing in Komodo (KMD) offers several potential advantages:
- Enhanced Security: KMD uses a unique consensus mechanism called Delayed Proof of Work (dPoW), which adds an extra layer of security by backing up its blockchain onto Bitcoin’s blockchain. This method significantly reduces the risk of 51% attacks.
- Privacy Features: Komodo integrates privacy features that allow for anonymous transactions, catering to users who prioritize confidentiality in their crypto activities.
- Active Development: The Komodo platform is known for its continuous innovation and development, with a team with a track record of delivering new and improved blockchain solutions.
- Interest Earnings: KMD holders can earn a 5% annual reward, incentivizing investors to hold their tokens. This reward system does not require the tokens to be staked or locked, providing flexibility for token holders.
- Diverse Use Cases: Komodo is not just a cryptocurrency; it's a robust platform that supports decentralized exchanges, atomic swaps, and blockchain development, which may increase its utility and, potentially, its value over time.
What Is Komodo Price Prediction?
Several factors influence the price of Komodo (KMD), and they can help you understand the KMD price prediction better:
- Market Dynamics: Like other cryptocurrencies, supply and demand dynamics play a crucial role in the price of Komodo crypto. Factors like investor sentiment, market trends, and trading volumes on cryptocurrency exchanges affect KMD crypto price fluctuations.
- Technological Developments: Updates and innovations within the Komodo platform, such as enhancements to its security features or new partnerships, can impact investor interest and, consequently, the KMD to USD price. The platform’s ability to support atomic swaps and its focus on security and privacy through technologies like delayed Proof of Work (dPoW) also add value.
- Economic Events: Broader economic factors, including global financial stability and changes in the economic landscape, can lead investors to seek out alternative investments like cryptocurrencies, impacting the KMD token price.
- Celebrity and Influencer Endorsements: Public endorsements or criticisms of cryptocurrencies by well-known personalities can cause significant $KMD price movements.
- Bitcoin’s Market Movement: KMD, like many altcoins, often follows Bitcoin's price movements. If Bitcoin experiences significant price changes, the Komodo token price will likely be affected, given the strong correlation between the leading cryptocurrency and other altcoins.
How to Earn KMD on Komodo
You can earn on Komodo (KMD) mainly through mining and staking:
- Mining KMD Coins: You can mine Komodo using a GPU or join a mining pool to increase the chances of earning mining rewards. Mining involves validating transactions on the Komodo network and adding them to the blockchain. If you choose to mine solo, the rewards might be higher per block, but they're less frequent than mining in a pool.
- Staking KMD: Komodo offers a 5.1% annual reward for staking your KMD tokens. To earn these rewards, you need to hold KMD in a compatible wallet and ensure you make at least one transaction per month. This system rewards users for actively participating in the network’s security and operation.
What is the all-time high price of Komodo (KMD)?
The all-time high price of Komodo (KMD) is $15.4100. The current price of KMD is down 97.83% from its all-time high.
What is the all-time low price of Komodo (KMD)?
The all-time low price of Komodo (KMD) is $0.0021. The current price of KMD is up 15,547.22% from its all-time low.
How much Komodo (KMD) is there in circulation?
As of 12 22, 2024, there is currently 135,953,876 KMD in circulation. KMD has a maximum supply of 200,000,000.
What is the market cap of Komodo (KMD)?
The current market cap of KMD is $45.03M. It is calculated by multiplying the current supply of KMD by its real-time market price of $45.03M.
How do I store Komodo (KMD)?
You can securely store your Komodo in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your KMD include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.