From December 6th, we officially list Komodo Token (KMD) on the ONUS application. Soon after KMD is added, users can perform the following features:
- Off-chain transactions: Send and receive KMD with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to KMD and vice versa.
Komodo is an open, composable multi-chain platform launched in 2016. This project focuses on providing user-friendly, secure, and easily customizable blockchain solutions for businesses. Due to an open-source algorithm and the Delayed Proof of Work (dPoW) protocol, transactions on the system are guaranteed to be private and anonymous but still transparent. In addition, Komodo helps solve some problems with gas fees, transaction throughput, and network scalability.
Most of Komodo’s development and operations team members are anonymous, with JL777 as their leader. JL777 previously worked with NXT Coin and was highly appreciated by the blockchain community. In addition, the project’s advisory board includes Michael J. Toutonghi (former Vice President of Microsoft) and Sajib Datta (Ph.D. in Computer Science).
What is KMD Token?
KMD is a native token of the Komodo ecosystem, operating on Komodo Blockchain and can be used to:
- Pay for some financial services
- Join ICO programs
- Stake and earn rewards
- Pay transactions fee
- Pay for operating and interactive projects in the network
- Name: Komodo Token
- Symbol: KMD
- Platform: Komodo Blockchain
- Type: Utility Token
- Total Supply: 200,000,000 KMD