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.

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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.
  

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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

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Happy Trading! @NakedTrader