Author: Kaloyan Roussev Date: 9 September 2017 Do not make investment decisions based on this article – read the before you proceed and leave the website if you disagree with it. It is 9 September 2017 today. This review takes into consideration investing in KMD at its current price at $2.87 Komodo – the answer to the ICO legality problem? How do I rate an investment in this project at the current price?

(TL:DR) The price went up recently because of the hype around the Stockholm announcement from Friday. Now it might be time for it to settle down for a bit, and then for whoever believes in this project will be a good time to buy before further bullish events.

Feb 07, 2017 How to mine Komodo (KMD) on pool Explained in details how to mine Komodo (KMD) coin on pool. Last year, Komodo raised 2639 Bitcoin and held 10 million KMD coins for operational purposes. At current market prices, the funds seem more than sufficient. But Komodo has to pay fees for the usage of the Bitcoin network.

I would buy at around $1-1.20. I WILL buy below $0.80. Many users complained about the lack of professionalism in the presentation here and there’s a great deal of sloppiness in the entire operation behind the project – this might make up for an undervalued potential (a bargain price) but it might also be a reason for things to remain that way. Can’t make the call on this one. Project/token summary Update: You can read some clarifications on the project and its backstory further down in this article by their team member Jason. Komodo is a part of something larger, called SuperNET (That’s also their slack name) – and it is a rebranding of BitcoinDark (BTCD) – Komodo is yet another platform to run Dapps on, but its competitive edge comes from their innovation around decentralizing the ICO process – in an attempt to sidestep the ICO legality issue.

Here is a very involved user’s take on the dICOs announcement: Here is a good sentence that might sum up what Komodo is all about: “My very rudimentary understanding of this would be, as I state in the title of the post: Komodo means to become to Ethereum and NEO what Monero (and ZCash/Dash) are to Bitcoin. A private and anonymous platform, where people can freely make decisions according to their own laws, rather than those of other another country.” They offer white-label solution for enterprises that need an own blockchain (similar to ARK) Komodo is somewhat sloppily implemented, chaotic, well-meaning project, intertwined in the web of supernet, iguana, monaize, barterdex – it is all over the map, and it lacks good presentation skills, it requires the potential user to be very persistent in their research. You might wanna also look into, which will be the first project running on their platform, and who are supporting Komodo financially. They are an e-banking platform for small businesses and freelancers. Here are some important related keywords: smart-contracts in many languages, private transactions, lightning network, agama wallet, UQUID card.

Is supposed to be a decentralized exchange that allows for atomic swaps (users transfering cryptos to each other without having to send them to the exchange first) but for the life of me, I can’t find where the actual exchange is, and how to use it, if it exists, although information on it exists from a year ago (and I don’t know how Komodo relates to it – maybe if this becomes reality, Komodo will be a base currency there? Educated reader, please help me out here)*; and also from the same developer: * Found out later on that it is in development ATM Agama Iguana confusion? BarterDex (InstaDex, EasyDex.

OMG) confusion? Branding/Positioning – in the “platform for decentralized apps” market category, we already have the established leader- Ethereum, and the viable alternative (under fire) –, and the now supposedly better alternative to the alternative – Komodo. And there are some other dapp platforms as well (, if they deliver,, to some extent). This is a tough spot.

According to branding research done in the past century, the two leaders in a category more often than not, take 80%+ of the market share and the mind share (association with the utility in the consumers’ minds), so the remaining crumbs are spread across many guerilla competitors with narrower niches in the category. Seeing that Ethereum is $300+ and Neo is what – $20-30, at $2.87 Komodo might be in the right place, with a bit more to gain (after all the crypto scene is one where technical specs have a much higher power over brand perception, because most crypto investors are tech-savvy). I think the notion of “decentralized ICO” should become their keyword, their UFC. They should focus their branding around it. It should stand out. Not the “Independent blockchain, micropayments, security, anonymity, decentralized economy” or “komodo is money, fuel, gateway” thing that I can see at every crypto website I visit.

Ledger app can’t handle Komodo assetchains and will show. When you will get revshare for your assets in KMD, you can simply transfer the KMD to your other Nano S. Reddit: the front page of the internet. Komodo is Fuel. KMD coins are the fuel for our platform. How to mine KMD?

Token utility – a reader suggested that we explain what is the actual utility and purpose of the coin for each project. Komodo tokens will be the GAS of the komodo platform and they will be used up in operations on it. Upcoming bullish events – the release of the BarterDEX exchange Website: Coinmarketcap: Exchange: • Website: does it look good/presentable – looks okay.

Some sloppiness here and there – although their live stream has ended, they still haven’t removed the youtube widget from their website. There is a copy/paste error in the footer and the Twitter link leads to their facebook page. The developers page is eye-hurting red. “As seen in the press” section is present but there are no articles in it. No link to the roadmap or whitepaper, although they are to be found on the same domain via Google search. • Roadmap – a google search lead me to this: – I don’t know how to get to it from the main website. It is extremely uninformative although it looks pretty.

• Whitepaper – yes, found it via Google search it is entirely focused on the algorithm. Nothing about the platform itself.

• What is their progress according to the roadmap – they are working on the decentralized atomic-swap exchange BarterDEX • Website: Is it a quick wordpress template, a 2-hour html job or a custom design with lots of work, money and thought thrown at it – looks custom and bad. • What new does this cryptocurrency bring to the world, what problem does it solve, what does it stand for– enables developers with many programming languages to build decentralized apps, but most importantly at this point – DECENTRALIZED ICOs. And also – Whitelabel blockchains. • How does the cryptocurrency name sound (does it sound legit and like a good brand name) – reminds me of the Roman Emperor Commodus, the son of Marcus Aurelius, who wasn’t a very good emperor. There are also other things named Komodo out there. Weren’t there other available options for a better name?

• How does the logo look – looks good, different. • Is it a PoW, PoS or PoW/PoS coin, what is the mining difficulty or APR, does it suffer from inflation – This is interesting – dPoW (delayed proof of work) which piggybacks on an existing bitcoin-type blockchains to utilize their work, it is said to be more efficient than PoW because it doesn’t waste electricity.

Their whitepaper goes on and on about it, if you’re interested in the technical nitty-gritty. It also has a group of Notary nodes (reminiscent of the DPoS system) elected by stakeholders. Here’s all I found on inflation (from bitcointalks) “Supply starts at 100 million. Average inflation rate is 5% + mined blocks until 200 million is reached in approximately a decade or so.” • Who is behind the cryptocurrency – are they shady figures, or have they placed their names and pictures on the website; what is their track record and reputation; do a quick google/github research on them – couldn’t find anything, but I guess these guys here, might be the people behind the project, couldn’t hear their names well. Showing their faces, introducing themselves, this is enough proof for me that they aren’t shady figures (at least not too shady) • What is the limit on supply of coins in circulation – 200 million • Is there a link to the source code – – a user had suggested that they move the source code under a more authoritative repo named after the project.

It is a ZCash fork • When was the last commit made, and how frequent are commits– a couple of days ago. Incredibly sloppy though – all the commits are called “Test”, but looking at their contents, at least it’s real code. • How many developers participate in the coding – 1 • What the project survival relies on – the Bitcoin blockchain (although their whitepaper says their dPoW operation can attach to another bitcoin-type blockchain). Legality issues – their claim to be able to sidestep the ICO legality problems, I don’t know if it will hold. • Will this project survive a cryptocurrency bubble burst and does/will it have enough of a following that needs it every day – I don’t think so. Only a handful of the leading cryptos will remain, and this is a rebranded copy, a fork, a me-too in the dapp space. However, if BarterDEX becomes one of the big exchanges, and Komodo is a base currency there, that might not be the case.

Atomic Swaps and decentralization in exchanges is huge. • Competition – Ether, Neo, Rise, ARK Exchanges and trading • Which exchanges (and how reputable they are) is the coin traded on – bittrex – good one! • Daily trading volume – $41 million!

• Market cap – $289 million • Are there buy (support) or sell (resistance) walls – perfect equilibrium – can go either way. • How does the chart look – the rise in price was due to the announcement they did live on youtube. Could’ve went up higher but it coincided with bittrex being down and China local exchanges FUD. Social • Is there a Bitcointalk forum Announcement thread – • How many pages is it – 600+ (I guess it was first a BitcoinDark one, then got renamed to Komodo) • History of the coin according to the forum and general public impression of the coin throughout – read the first 10, last 5 and several random pages – starts out with BTCD swap for Komodo tokens conversation and bounty hunters hunting bounties.

Is a project member, actively participating. At page 100 they announce that they are hiring 5-6 people using the ICO funding. The developer is also there. Constructive discussions. How to use the wallet, how to participate in the ICO, how to swap coins. It seems that there’s always something brewing in Komodo world, so if that remains to be the case, there might be more reasons for the price to go up.

There was a bug in March that brought the price way down, that was fixed later on. In the latest pages more and more enthusiasm is apparent. Many users being confused about the many interconnected things in the Komodo universe.

People bullish on the price in the near future. • Do they have a blog, anything interesting on it? – they have a blog with one blog post on it • Is there a slack channel – • How many members on slack – 4k+ • General sentiment on slack – constructive discussions • Is there a Twitter profile for the cryptocurrency and does it post regular updates, how many followers 13k followers, very active • Is there a Facebook page for the cryptocurrency and does it post regular updates, how many likes – 1.4k likes, very active Suggestions for improvement • Branding: pick something unique and tangible to stand for, and shy away from the buzzwords. Decentralized ICOs, atomic swap exchange and white-label blockchain solutions are good suggestions • Presentation: get a copy writer to revamp your content, and do all of your public communications • Presentation: include a massive FAQ (or even glossary) on your website explaining each associated project, renamed project, ongoing endeavors • Presentation: include a real roadmap about projects with quarterly deadlines • Presentation: don’t ever do another live video like the one on Friday.

The cryptocurrency market is booming, and we cannot ignore the fact that there are over 850 different alternative cryptocurrencies in the market today. Every day, a new crypto-coin is being introduced in this space and it is difficult to predict which among them could actually leave a good impression in the coming future.

Nevertheless, there are still many that are showing promises due to their insightful and practical roadmaps. Komodo (KMD) is one such cryptocurrency. It has quietly risen quietly to the top 50 list of cryptocurrencies by market cap this year. In the last six months, Komodo prices have surged more than 2200%. What is Komodo (KMD)?

Komodo (KMD) is a decentralised, open-source cryptocurrency. It was launched in September 2016 and has evolved from BitcoinDark (BTCD) and is developed by the same developer (“jl777”). However, the underlying software was forked from Zcash. The new cryptocurrency runs on the platform, using SuperNET’s infrastructure and software applications. The Komodo blockchain platform uses Komodo’s open-source cryptocurrency for doing fungible, private, anonymous, and transparent transactions, which are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol.

It is important to note that cryptocurrency platforms attaching themselves to Komodo blockchain benefits from much lower transaction fees than that of Bitcoin. Understanding the Komodo Platform You should know about these three things to understand the Komodo platform – Zcash, Delayed Proof of Work (dPOW), and SuperNET. • Zcash– This is an open cryptocurrency project that uses the protocol (a technology that hides the information about the sender, receiver and the amount).This technology is used to ensure that no double spending can take place.The same protocol is also being used by Komodo to make anonymous and private transactions. • Delayed Proof of Work (dPOW)– This new protocol is developed by Komodo developers and it offers better security to Komodo Platform while making allowance for other third party blockchains looking for an additional security layer. It is a consensus mechanism that uses the regular proof of work (POW) protocol (just like Bitcoin). However, it does it a bit differently. DPoW involves a mechanism that notarizes the blocks on the blockchain.

This ensures total immutability and gives the transactions a second layer of security. The 64 pre-selected notary nodes do this notarization work and mitigate the risk of immutability, which means that if some attacker wants to change a historic Komodo transaction, then he/she has to first change the Bitcoin blockchain. But we already know that this is not possible.

• – SuperNET is a project that intended to build services on top of the NXT cryptocurrency platform and also facilitate cooperation with other blockchain projects labeled as corecoins. The SuperNET team has been developing various components required to create an end to end cryptocurrency ecosystem since the successful ICO in 2014. Some of the products built so far by the team includes SuperNET lite client multi wallet and InstantDEX, a decentralized trading layer between centralized and decentralized exchanges; Multi-Gateway, a decentralized exchange for trading custom tokens on NXT Asset Exchange. The Komodo cryptocurrency is the official currency of SuperNET, and Komodo project is designed to fill in the missing pieces of the SuperNET ecosystem, which is not dependent on NXT anymore. The Team behind Komodo Almost all of the Komodo team members use pseudonyms because they believe in privacy protection, which leads many people to think that this operation is shady, but it really isn’t.

Here are some of the key players: Total Fixed Supply of Komodo Komodo has a total fixed supply of 200 million coins, out which 100 million were pre-mined and distributed in the ICO, and out of this 100 million, 10 million were kept aside for future development and marketing of the Komodo platform, and 90 million were distributed to investors. The remaining 100 million coins are still being mined via the POW algorithm. The Komodo ICO period was October 15, 2016 – November 20, 2016, during which 2639 BTCs were raised (worth $1,983,781 at the time). Komodo holders receive 5% annual percentage rate (APR) revenue, and this 5% APR will remain until the max supply of 200M KMD is reached (this is expected to be reached in approximately 14 years). It is important to note that only Komodo holders who have addresses starting with ‘T’ will receive the APR. Komodo Currencies The Komodo coins are usually transformed into 32 different currencies, which are linked with the local ones maintaining a stable value in the market. Each of the currency derived has its own block chain.

This means that it tends to behave like any other cryptocurrency. Market Cap of Komodo According to, the total circulating supply of Komodo is 100,945,510 KMD. The current price of each unit is $2.21, which makes its market cap approximately $223 million. How to Purchase Komodo Cryptocurrency Purchase Komodo from Cryptocurrency Exchanges Here is a list of established and trustworthy cryptocurrency exchanges listing Komodo: • • Cryptopia • • Bittrex. Purchase Komodo from ShapeShift It is important to note that purchasing Komodo directly in fiat currency is a little difficult. However, you can exchange your other coins, such as ETH, LTC, or BTC in exchange of Komodo tokens on ShapeShift and the procedure is very simple.

In order to purchase Komodo, you will need the following things: • Some bitcoins/altcoins to exchange for Komodo tokens. • Your Komodo address where you would like to get your Komodo tokens. The Most Popular Komodo Wallets • – The safest way to store your KMD currency is the Ledger Nano S, because your private keys never leave the device. Komodo can be bought from anywhere and then transfered to your Ledger address. It is important to note that the Ledger Nano S doesn’t allow its users to claim the 5% bonus for holding Komodo, and that’s its only downside.

• – This wallet is a piece of paper that has both the private and public keys printed on it. You can follow and make one for yourself if you are comfortable using paper wallets. Also, when making a Komodo paper wallet, you can use this to help you. • – Komodo Swing Wallet is the official Komodo GUI wallet developed by Komodo developers. It is also the most basic wallet available, and even Komodo developers recommend using this wallet over Agama.

Komodo Swing Wallet is available for Linux,, and operating systems. • – Agama Wallet is also the official desktop wallet developed by Komodo developers. This wallet has a privacy-enhancing feature called, an inbuilt exchange and a multi-coin wallet that supports KMD and other supported currencies. However, this wallet is still being developed. It is only available in a Beta version, which contains a fair amount of bugs. Agama Wallet is available for,, and operating systems.

The Future of Komodo Komodo has given a significant return to its investors since the ICO, and I believe this high return will continue as the team is going to refine and strengthen their marketing/development efforts. Apart from this, Komodo is officially part of the SuperNET project, which is developing multiple standalone projects that will come together around the Komodo Platform. These projects are meant to improve, not only Komodo but the entire cryptocurrency ecosystem as a whole.

Among these projects is the Iguana Multi-wallet. Cheapest Metaverse ETP ETP Mining Hardware. This is a GUI implementation in which users can access Komodo and other cryptocurrencies. Users will be able to access all the basic functions of Komodo.

They will also be able to access some of the advanced features like private transactions. It is important to note that other blockchains that do not have a GUI implementation can also use Iguana.

There are two decentralized exchanges within the Iguana multi-wallet – PAX and EasyDEX. The PAX (Pegged Asset Exchange) – This exchange allows users to exchange national currencies in the form of assets issued on the Komodo network. These assets are protected by the same zero knowledge proofs as Komodo. This means that they can be exchanged and transferred anonymously. EasyDEX (Easy Decentralized Exchange) – This is a fully decentralized exchange for cryptocurrencies, which allows users to exchange cryptocurrencies without the need to entrust a third party service. Trades are performed directly on the coins held.

EasyDEX differs from other decentralized exchanges because it provides liquidity and speed. These are two key components that have been missing from almost every centralized exchange.

Users can also have access to a decentralized coin mixing service for other cryptocurrencies through EasyDEX. They can be exchanged for Komodo with privacy, and then sent to the destination in the form of the original coin.

This service is known as Jumblr. You can’t buy it directly for fiat on any exchange. You can choose the for your region and buy BTC there, then trade it for KMD on exchanges. Our recommendation is always check if is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. If your country is not available on Coinbase – check for (such as Cexio and Indacoin – see here and ) and buy BTC on one of those exchanges.

You can always exchange your coins on Changelly (), instantly and directly to BTC.