Komodo (KMD/BTC)
What is Komodo?
Komodo is the infrastructure coin of SuperNET Platform, and will be able to foster apps, technology & assets. It provides anonymity through zero knowledge proofs and securities through a Delayed Proof of Work (dPoW) protocol. Komodo was forked from Zcash and is the evolution of the BitcoinDark coin
If you hold KMD, you will receive 5% yearly revenue until the max supply of 200M KMD is reached. Only T-address balances will get the revenue.
Current Features/Developments
- Iguana Multi-wallet - a GUI implementation in which users can access Komodo and other cryptocurrencies
- EasyDEX (Easy Decentralized Exchange) - Fully decentralized exchange for cryptocurrencies with speed and liquidity.
- Jumblr - Decentralized coin mixing service through EasyDEX
- PAX (Pegged Asset Exchange) - Exchange national currencies in the form of assets issued on the Komodo network. Can be exchanged and transferred anonymously.
- Decentralized ICO System (dICO)
- Partership with Monaize - An e-banking platform for blockchain products. Monaize will be the first ICO on the Komodo Platform before the end of this year.
Analysis
- KMD has retraced after its big news back to the 61.8% fibs and is currently holding
- This presents an excellent buy opportunity
- Expect price to retest the 60,000 zone in the short-term [target]
- If price breaks below the blue box instead, we may see low 40,000s before a bounce
