Komodo Explained
What is Komodo (KMD)?
Komodo functions as an open-source technology provider, delivering comprehensive blockchain solutions tailored for developers and enterprises. The technology developed by Komodo empowers individuals to launch branded decentralized exchanges, cross-protocol financial applications, and autonomous blockchains.
Who is the Founder of Komodo (KSD) Coin?
The Komodo project is based on anonymity, so it comes as no surprise that many of the Komodo team members initially chose not to reveal their identity. The founder and one core developer of Komodo went by the moniker JL777, but is now known as James ‘JL777’ Lee.
What is the Total Volume of Komodo (KSD) Token in Circulation?
Komodo (KSD) has a total circulating supply of 135,953,876 KMD coins and a maximum supply of 200,000,000 KMD coins.
What are the Working Principles of Komodo (KSD) coin?
At the forefront of Komodo’s user-centric applications is the Komodo Wallet (formerly AtomicDEX) — a non-custodial, multi-coin wallet, crypto bridge, and decentralized exchange (DEX) consolidated into a single app. Remarkably, Komodo Wallet boasts compatibility with 99% of existing cryptocurrencies, offering the broadest cross-chain, cross-protocol trading support among decentralized exchanges.
As the third-generation application of Komodo’s atomic swap technology, Komodo Wallet traces its roots to the implementation of Tier Nolan’s atomic swap concept in 2016. Over the years, Komodo has continuously led the way in advancing atomic swap technology, presenting the industry’s inaugural production-ready atomic swap DEX. The DEX feature of Komodo Wallet is constructed using a peer-to-peer (P2P) atomic swap protocol, complemented by decentralized order books. Developers leverage the open-source Komodo DeFi Framework to construct cross-protocol DEXs, multi-coin non-custodial wallets, initial DEX offering (IDO) portals, and various decentralized applications.
What are the Functions of Komodo (KMD) Coin?
The Komodo (KMD) cryptocurrency serves as the community currency within the Komodo ecosystem, facilitating scalable, fast, economical, and secure transactions. With the majority of transactions confirmed within seconds, a minimal amount of 0.00001 KMD is often sufficient. KMD is actively traded within the Komodo Wallet, and users benefit from a 10% trading fee discount for taker orders when exchanging KMD for other cryptocurrencies within the wallet.
Additionally, Komodo facilitates the launch of independent blockchains known as Komodo Smart Chains (KSC), each with its own coin featuring zero gas fees and customizable parameters. Komodo Custom Contracts (CCs) further enhance the ecosystem by offering a library of UTXO-based smart contracts, enabling the creation of advanced decentralized applications on KSCs.
How Protected and Secured is Komodo (KSD) Coin?
Komodo’s innovative contributions extend to the creation of delayed Proof of Work (dPoW), recognized as a leading solution for 51% attack security in the industry. Operating through Litecoin cross-notarizations and supported by a notary node network, dPoW safeguards over 30 production blockchains.
Where Can I Trade Komodo (KSD) Tokens?
The most Popular Cryptocurrency exchange for trading KSD tokens are Binance, Kucoin, HTX and Bitvavo.
