What is Komodo (KMD)? All about Komodo project

In the constantly evolving blockchain world, platforms pioneering security and decentralized trading technologies continue to play a crucial role, and Komodo is one of them. What makes this project special? Let's explore through the article below!

What is Komodo?

Komodo (KMD) is an open-source blockchain platform that combines Proof of Work (PoW) mechanism and Delayed Proof of Work (dPoW) technology, allowing users to build private blockchains (sidechains), perform cross-chain transactions through atomic swap, and develop highly secure decentralized applications.

By "anchoring" data to Bitcoin through dPoW, Komodo provides an additional security layer superior to traditional blockchains. This is an ideal choice for projects wanting to create their own blockchain while ensuring security, scalability, and low operating costs.

Launched in 2016, Komodo is not just a cryptocurrency, but also a versatile, flexible, and secure blockchain platform that provides comprehensive solutions for DeFi, DEX, and custom blockchain systems.

• Users create an account, receive a wallet, and conduct KMD or other token transactions.
• Miners participate in mining new blocks on the Primary Network.
• Transactions are secured through dPoW, meaning blocks on Komodo will be recorded on the Bitcoin chain to leverage BTC's high security.
• Sidechains can be independently deployed by projects, utilizing dPoW security but operating separately, increasing flexibility and scalability.

Komodo Highlights

• High security through dPoW, leveraging Bitcoin network's power.
• Supports atomic swap allowing direct transactions between blockchains.
• Create independent sidechains with unique parameters and logic.
• DEX integrated with multi-asset wallet, non-custodial, secure and convenient.
• Flexible scalability through multi-chain architecture.
• Comprehensive developer tools, blockchain deployment in minutes.

Overview of KMD Token and Tokenomics

Basic Information

• Token Name: Komodo
• Ticker: KMD
• Blockchain: Komodo Blockchain
• Consensus Mechanism: PoW + dPoW
• Total supply: 200,000,000 KMD
• Circulating supply: 140,020,228 KMD

Token Allocation

Token Release Schedule

Token Utility

KMD as a Utility Token within Komodo's ecosystem

• Use KMD for direct swaps in AtomicDEX. Swaps will be charged a fee. If paid in KMD, users get a 10% trading fee reduction. Transaction fees in AtomicDEX are ~0.13% (1/777) paid in KMD Coin.
• Use KMD Coin for payment like a typical cryptocurrency. Some financial service partners have integrated KMD Coin, such as Bitpanda, Coinpayment, CoinFlip...
• Use KMD Coin to participate in ICO token sales on Komodo Platform.
• Use KMD Coin in Komodo Platform's operational mechanism

KMD is used to pay rewards for stakers. In Komodo's PoS mechanism, users don't need to be an online 24/7 node for staking, just hold KMD (minimum 10 KMD) in a Komodo wallet. Specifically, users will earn ~5% reward of their held KMD. Some wallets support this feature, check details here.

Projects participating in operating, creating security, and interacting with Komodo's ecosystem must pay fees in KMD Coin. Currently, 9 projects are in this group, including names like Hush, VerusCoin, HempCoin, KMD Labs, Pungo...

Sidechains wanting to access additional features on Komodo must use KMD Coin to pay fees.
Additionally, KMD Coin can be used to back Stablecoins built on Komodo Platform through Antara Framework.

2025 Roadmap

• Upgrade AtomicDEX with new UI/UX and support for more chains.
• Enhance scalability for Antara Framework and sidechain services.
• Integrate dPoW security for more chains outside Komodo.
• Expand partnerships with Web3 ecosystem and other layer-1 blockchains

Komodo Project Team

Komodo was initially developed by an anonymous group (led by JL777), and later publicized development activities with a globally distributed team experienced in Bitcoin, Zcash, and high-security projects.

Komodo Investors and Partners

Investors

Currently no information available about investment funds or funding rounds for the Komodo project

Partners

Komodo has previously collaborated with major names like Amazon AWS, Google Cloud, Binance, CoinPayments

Perspective on Komodo

Although no longer holding a prominent position as in its early days, Komodo remains one of the original blockchain projects pioneering DEX technology and dPoW security. While its ecosystem is not large, it remains stable and continues to develop a solid foundational technology.

Summary

Komodo (KMD) is a blockchain platform strong in core technology, high security, supporting businesses and developers to deploy independent blockchains at low cost. Though no longer "hot", Komodo maintains a stable position through a development strategy focused on infrastructure, DEX, and chain security.

This article aims to provide information and is not investment advice. Investors should thoroughly research and assess risks before making decisions.