Komodo’s digital coin is a full featured platform for cryptocurrencies with native token asset KMD has announced five major developments they believe will take the platform to the forefront of the blockchain asset space. Everything the team does is open source and decentralized with the team aiming to set a standard for cryptocurrency security and anonymity.
Twitter | Website | Komodo Agama Wallet | Whitepaper
Being that Komodo is the successor coin of Bitcoindark, it is a privacy centered coin with Zcash technology and a new delayed-proof-of-work (dPoW) consensus mechanism that uses Bitcoin hashrate to secure itself and other coins.
Komodo will also serve as a basis for the pegged asset system and many other features of SuperNET, the association of blockchain technologies in which Komodo is a part of. Komodo is used whenever other SuperNET services or applications require a privacy layer and native asset exchange.
Fixed Supply of Komodo Coins
Komodo has a total fixed supply of 200 million coins, of which 100 million were pre-mined and distributed in the ICO. 100 million, 90 million were distributed to investors, and 10 million were put aside for future development and marketing of the Komodo platform.
The Komodo ICO period was October 15, 2016 – November 20, 2016. During this ICO, 2639 BTCs were raised (worth $1,983,781 at the time).
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. 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.