What is KMD coin? Introduction to the issue price, total amount and white paper of KMD coin

Komodo (KMD) is a blockchain platform designed for privacy and anonymity, featuring features from both Bitcoin and Zcash.

Oct 13, 2024 at 02:41 am

What is KMD Coin?

Komodo (KMD) is a privacy-focused blockchain platform designed to provide users with control over their financial transactions. It combines the features of Bitcoin and Zcash to offer both transparency and anonymity.

Issue Price and Total Supply

• Issue Price: $0.0025 USD (initial coin offering in September 2016)
• Total Supply: 200 million KMD

White Paper

The Komodo white paper was released on October 28, 2016, by Komodo developers JL777 and Zulu. It outlines the technical details of the platform, including:

1. Privacy Features:

• Zerocoin Protocol: Allows for completely anonymous transactions.
• dPoW (Delayed Proof of Work): Links Komodo's blockchain to the Bitcoin blockchain for increased security.

2. Smart Contract Capabilities:

• ERC-20 Token Compatibility: Supports the creation and issuance of ERC-20 tokens on the Komodo blockchain.
• AtomicDEX: Facilitates peer-to-peer cryptocurrency trading without the need for an intermediary.

3. Decentralized Governance:

• SuperNET: A decentralized autonomous organization (DAO) that manages the Komodo ecosystem.
• Multi-Asset Ledger: Supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

4. Security Features:

• Notary Node Network: Provides independent verification of transactions to enhance security.
• Delayed Tx PoW: Protects against double-spending by delaying transaction confirmation.

5. Partnerships and Integrations:

• Partnerships with Changelly, CoinMarketCap, and Wirex.
• Integrations with Ledger and Trezor hardware wallets.

Conclusion

KMD is a versatile and feature-rich blockchain platform that offers a comprehensive suite of features for privacy, smart contracts, and financial management. Its unique combination of Bitcoin and Zcash technologies provides users with a powerful and flexible tool for secure and anonymous transactions.