Komodo (KMD)

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Name Price Supply Volume Market Cap
komodo
Komodo
$0.787
115,519,880.64 KMD
$1,657,719.00
$90,943,838.00

TRENDING

Nothing earth shattering in the cryptosphere at the moment. Check back soon!

QUICK STATS

Delayed POW (dPOW)
Binance KMD/BTC $773,813 28%
Upbit KMD/KRW $743,645 27%
Bittrex KMD/BTC $585,862 21%
Komodo is a private and anonymous platform, where people can freely make decisions according to their own laws, rather than those of other another countries. The Komodo blockchain platform also uses Komodo’s open-source cryptocurrency for executing transparent, anonymous, private, and fungible transactions.
Komodo’s main goal is focusing on empowering two types of users: the blockchain entrepreneur, and the average cryptocurrency investor. Together, our community of entrepreneurs, investors, and other users form an economic ecosystem.
Privacy:Dash(DASH), Monero(XMR), Verge (XVG), Zcash(ZEC)
Platform: Ethereum(ETH), NEO(NEO), Ardor(ARDR)

VIDEOS

BACKGROUND

Whitepaper Summary
Their whitepaper goes into detail about the basis of the coin and the algorithms but doesn’t really go into much depth about the platform. It outlines four separate entities within Komodo. BarterDEX, Jumblr, Delay Proof-of-Work (dPoW) and Decentralized Fiat Currencies (DFCs).
Problem Solved
Enables developers with many programming languages to build decentralized apps, but most importantly at this point – DECENTRALIZED ICOs. And also – White label blockchains.
Competitive Edge
Security: Komodo has an edge in regards to scalability and speed. Timing analysis, transaction linkage and knapsack attacks are just a few areas where the Komodo security technology appears to be ahead of the pack.

Platform: There are already existing platforms that Komodo will be competing with. The two most notable would be Ethereum and NEO. Ardor is also a platform with a similar structure to Komodo that is currently more comparable with Komodo based on their market capitalisation.

To carve out its niche within this technological space, it is going to have to stand out from the rest. Its dICO, privacy features, and asset chain structure gives it an edge over Ethereum in its current state, theoretically fixing the current scaling issue and offering businesses a way to keep sensitive information secure. If Komodo is able to establish themselves as an alternative, then it is likely to grow alongside Ethereum in the future. However, Komodo will be competing more closely with NEO, which does not currently suffer the scaling issues of Ethereum. NEO is also currently positioning itself as a solid and serious platform for business, compared with Ethereum’s more open ecosystem.

Komodo is trying to create a better, faster and cheaper alternative.

Development Roadmap
Komodo had a period where they seemed to stall out but it in full swing with re-branding and the launch of their product coming in 2018.

INITIAL COIN OFFERING (ICO)

The Komodo ICO was from October 15, 2016 – November 20, 2016. During this time the 2639 Bitcoins were raised (worth $1,983,781 at the time)
Komodo has a total fixed supply of 200 million coins, out of which 100 million were pre-mined and distributed in the ICO. Out of this 100 million, 90 million were distributed to investors, and 10 million were kept aside for future development and marketing of the Komodo platform.
The remaining 100 million coins are still being mined via the proof-of-work algorithm.

The 200 million hard cap is expected to be reached in approximately 14 years. Out of this, Komodo holders who have addresses starting with ‘R’ will receive a 5% annual percentage rate (APR) bonus on their Komodo holdings until the 200 million supply limit is reached.

2639 Bitcoin(BTC)
October 15, 2016 – November 20, $1,983,781

TEAM INFO

Creators / Founders
JL777 “James Lee”
Lead Developer (Founder)
JL777 is an anonymous developer and founder of Komodo. Prior to working on Komodo, James worked on a variety of projects, including JL777Hodl, MGW, NXTventure, Iguana, crypto77, and InstantDEX. James has been fairly active online, and much of his coding and projects are available for public viewing on his github.
Core Development Team
CA333 (Kadan Stadelmann)
General Manager (CTO)
CA333 is in charge of security on the Komodo team. His work is mostly working with security tests, network tests, and troubleshooting with the team’s developers. He also does marketing work, such as by visiting expos and conferences. Prior to working with Komodo, CA333 was the IT Project Leader and a Software Developer for the Austrian Government.

Fadedreamz (Mohammed Nazmul Alam)
Developer
Fadedreamz has more than five years of experience working with a Fortune 500 company (Samsung), where his task was to write Linux device drivers, Windows device drivers, portable frameworks (Android, Linux, Windows, Raspberry Pi, iOS), and to facilitate end-to-end solutions involving customized hardware. He has a BSc in computer science (Khulna University), and is currently working on finishing an MSc in computer science (Concordia University).

Mihail “Kolo” Fedorov
Sysadmin / IT Expert
Mihail is a security specialist, systems administrator, developer operations engineer, and PHP developer. Prior to working on the Komodo project, Mihail was the Lead Developer and Security Engineer for Dengi Online, and is currently the Chief Technology Officer for Creative Telematics & Trade.

Satinder Grewal
Project Manager / Front-end Developer
Satinder works fulltime on the SuperNET/Komodo project, and is in charge of developing the GUI implication of EasyDEX (now unused as it is the predecessor of the BarterDEX). EasyDEX is the Komodo decentralized exchange platform. Additionally, Satinder has been active with Komodo at conferences, and runs a YouTube channel in support of the project.

Additional members on the Komodo Developer team include Rick, Decker, Pbca26, and Srg. The Komodo team is also supported by a number of administrative and support team members, in addition to ambassadors, advisors, and the marketing team.

Notable Advisors
Beor, DK, Soopnon, Goldenman, Pondsea, TwinWinNer, Yassin, Dominic W.
Notable Investors
N/A

Trade Crypto Live Sentiment

Komodo seems like a re-branded copy, or a fork, or a “me-too” in the dapp space. However, if BarterDEX/EasyDEX becomes one of the big exchanges, and Komodo is a base currency there, that might not be the case. With that said, their security alongside atomic swaps and a decentralized exchange could be huge.
Reference & Links

https://coinmarketcap.com/currencies/komodo/
https://coincheckup.com/coins/komodo/overview
https://komodoplatform.com/
https://komodoplatform.com/our-roadmaps/
https://coincentral.com/komodo-platform-beginner-guide/
https://github.com/jl777
https://www.youtube.com/channel/UCtwosMrlGKnaQuY_UqEbWpQ