How to Buy Komodo?
Users can buy KMD on ChangeNOW for one of 450+ cryptocurrencies or for 50+ fiat currencies:
Pick KMD as the “You get” currency above
Choose crypto or fiat to buy KMD with
Enter your Komodo wallet address
Send your deposit to a one-time address
Receive your exchanged coins in ~5 mins!
How to Sell Komodo?
Swap Komodo coins for an asset from our rich crypto selection by following the steps below:
Pick KMD as “You Send” currency above.
Choose the asset you’d like to get for your KMD
Enter the wallet address of the coin you’d like to get
Send your deposit to a one-time address
Receive your exchanged coins in ~5 mins!
What is Komodo (KMD)
Komodo is a decentralized open-source platform that facilitates anonymous transactions. It was established in 2014 as a Zcash fork by a group of anonymous individuals with a creator who is known in the community as jl777 as its leader. The project was created with the of combining the functionalities and advantages of Bitcoin and Zcash.
Komodo was the first to use a delayed Proof-of-Work security mechanism. Such a mechanism makes it possible for a blockchain to benefit from the security of another blockchain, taking advantage of its hashpower. In this case, the Komodo blockchain was initially attached to the Bitcoin blockchain but has switched to the Litecoin one in 2021 which is claimed to provide Komodo with more cost-efficient and resource-efficient security. The Komodo network also utilizes a feature titled Platform Synchronizations which was developed by the project’s development team. Such a feature allows projects that are a part of the Komodo ecosystem to scale out linearly, achieving needed scalability. Platform Synchronizations also allow for data to be transferred from one blockchain to another without any actual transfers. It allows for blockchains within the ecosystem to communicate which includes transaction verification and dApp data exchange.
In 2021. Komodo introduced four new KMD use cases. These include KMD becoming a multi-chain coin, the ability to access discounted trading fees on AtomicDEX, buybacks and liquidity incentives.