Komodo (KMD) is both a cryptocurrency and decentralized ICO platform that is designed for maximum security and privacy.
The Komodo platform is intended to provide smart contracts as well as blockchain-based solutions.
Komodo is linked to Bitcoin, and uses a consensus mechanism that is backed by the Bitcoin hashrate. Komodo also allows anonymous transactions via zk-SNARKS technology and KMD is a currency on the rise.
Komodo is a technology that has been attracting a lot of interest in the crypto community thanks to a number of unique and this looks set to increase with its hosting of the Monaize ICO in mid-November.
Komodo Platform is expanding into an entire ecosystem, starting with our strategic banking partner Monaize. On November 10th, we will perform the world’s first Decentralized ICO (“dICO”). Future entrepreneurs choosing to build on the Komodo platform will receive an entire blockchain package, capable of performing a decentralized crowdfund and acting as an independent blockchain.
The Monaize ICO will be the first to utilize cross chain atomic swaps and investors who donate KMD will automatically receive the MNZ token in return. Komodo has been one of the few altcoins to actually increase in value during the Bitcoin fork period and traded at just under $2.00 leading up to November. Since then KMD has continued to rise in price and currently trades above the $2 mark.
With its innovative use of technology and ability to host blockchain projects on its platform, Komodo is a cryptocurrency to watch for the rest of the year.