Komodo (KMD)
Rank #945
Market snapshot
- Price
- $0.07737
- Market cap
- $10.5M
- 24h volume
- $3.51
- Circulating supply
- 135,953,876
- Total supply
- 141,262,234.1155
- Max supply
- N/A
What is Komodo?
Komodo (KMD) is a cryptocurrency designed to facilitate atomic swaps and enable blockchain development. Its platform supports a wide range of blockchain protocols, allowing users to generate KMD through mining. Komodo aims to provide a comprehensive suite of tools for developers to launch and secure custom blockchains and decentralized applications.
How Komodo works
Users can generate KMD through mining, which involves solving complex mathematical problems to validate transactions on the network. Komodo operates on a decentralized network, allowing users to trade KMD through various trading pairs. Additionally, 25% of the transaction fees from decentralized exchanges (DEX) are allocated to automatically burn KMD, potentially impacting its supply over time. The platform also supports cross-chain atomic swaps, enabling users to trade different cryptocurrencies seamlessly.
Key information
- Symbol
- KMD
- CMC rank
- #945
- Network / platforms
BNB, BNB Chain
- Categories
- Mineable
- Date added
- Feb 5, 2017
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB
0x2003f7ba57Ea956B05B85C60B4B2Ceea9b111256BNB Chain
0x2003f7ba57Ea956B05B85C60B4B2Ceea9b111256
Key characteristics
Komodo is an open-source technology provider, offering a complete SDK for building decentralized applications (dApps), multi-asset wallets, and cross-chain DEXes. Its platform includes the Komodo DeFi Framework, Komodo Core Protocol, and Komodo GUI/DAPP Suite, providing developers with the necessary resources to create and manage blockchain solutions. The code and technology are publicly available.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Komodo (KMD)?
- Komodo (KMD) is a cryptocurrency that specializes in peer-to-peer atomic swap technology and offers a platform for blockchain development.
- How does Komodo work?
- Komodo allows users to generate KMD through mining and supports atomic swaps, enabling seamless trading between different cryptocurrencies.
- What are the key features of Komodo?
- Komodo is an open-source technology provider that offers a complete SDK for building dApps, multi-asset wallets, and cross-chain DEXes.
- What are the risks associated with using Komodo?
- Digital asset prices can be volatile, and users should verify contract addresses and custody methods before transferring assets.
- How can I verify the acquisition of Komodo?
- Verify the asset name, network, and contract details before transferring, and understand that transfers may be irreversible.
- Where can I find official resources for Komodo?
- Official resources for Komodo can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
