Summary:

• What is The Komodo Platform and how does it work?
• Advantages of the Komodo exchange.
• Komodo’s past, present and future price positions

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The Komodo platform

Komodo is an open-source technology provider that offers enterprises and developers all-in-one blockchain solutions. Komodo builds technologies that make it possible for anyone to launch cross-protocol financial applications, branded decentralised exchanges and independent blockchains.

Komodo’s flagship, end-user application is AtomicDEX which is a non-custodial multi-coin wallet, bridge and DEX rolled into one app. AtomicDEX is compatible with 99% of the cryptocurrencies currently in existence and offers the widest cross-chain, cross-protocol trading support of any decentralised exchange.

AtomicDEX is the 3rd generation application of Komodo’s atomic swap technology. The technology is built through the use of a peer-to-peer (P2P) atomic swap protocol with decentralised order books. Developers make use of the AtomicDEX API to build initial DEX offering (IDO) portals, cross-protocol DEXs, multi-coin non-custodial wallets and other decentralised applications. Some of AtomicDex’s features include; Fast trading, security due to users not needing to give up private keys or funds at any time, facilitating versatility as no trading pairs are restricted and low fees (market makers are not required to pay any fees, although the market takers are required to pay fees it is only 0,15%).

The native currency for Komodo is the KMD coin, which is used in the Komodo ecosystem for scalable, cheap, fast and secure transactions. Komodo was launched in 2014 as a fork of ZCash, it has since changed its focus to being business friendly, interoperable, secure, adaptable and scalable.

Komodo is the creator of the delayed proof-of-work (dPoW) which is the industry-leading 51% attack security network. Powered by Litecoin cross norarisations and is backed by a notary node network, currently dPoW secures more than 30 blockchains. Komodo also provides its own native multi-chain blockchain network that allows anybody to launch a blockchain of their own, that is independent of the Komodo blockchain, this blockchain is called a Komodo Smart Chain (KSC) and runs separately from the KMD chain. Each KSC has its own coin, has fully customisable parameters and faces zero gas fees.

Komodo also facilitates Antara, according to its website, Komodo’s Antara is “a simple and adaptable framework for custom blockchain development”. With Antara, users can easily activate models, launch a chain and build blockchain based applications. Some of the Antara features include; its Turning complete which cupports C/C++, meaning users can code any program or software to run on your smartchain with Antara. The Antara also facilitates a no gass fee, it only requires a single fee to run. In addition, Antara also allows for custom modules to be written to build advanced blockchain based software.

Advantages of the Komodo platform

1. The Komodo platform ensures a high level of security through leveraging the Bitcoin hash power with the help of the delayed proof-of-work (PoW)
2. It allows for direct transfers of different assets and tokens with Atomic Swaps.
3. Users are able to customise their blockchains freely according to numerous parameters.
4. All Komodo blockchains support Atomic Swaps, smart contracts and privacy.
5. It ensures high-level scalability and interoperability with multi-chain syncing and cross-chain smart contracts.
6. No gass fee.

Past, present and future prices of The Komodo network (KMDD)

At the start of 2018, the price of Komodo’s KMD rose and peaked at $11.33, this was followed by a sharp decline during the first quarter of 2018, the price then continued to fall and reached a low of $0.52 for the 2018 year. The price remained low during 2019, only reaching a maximum price of $1.708. KMD’s price remained subdued in 2020 as well. During the first half of 2021, KMD’s price peaked and reached a maximum of $3.89 it then fell again and has been on a bearish trend to date.

Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, KMD does fall under this category.

According to some analysts, the future price of The Komodo network (KMDD) could reach up to $1.3 by 2026 and could see a price of more than $5.9 by 2030 and $8.72 by 2031. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions.

KMD Price Chart Sources: finance.yahoo.