Coin highlights: Komodo

KMD (Komodo) as Large-cap Coin is 74th in the 2100NEWS ranking. The quality of the order book of KMD is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 14. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.

About coin

KMD has been launched in 16 exchanges.

KMD as Large-cap Coin is 74th in 2100NEWS ranking (after Index Review of 13th March 2020). It is an Index member: NWST1100, NWSL100, NWSCo100, NWSDM100.

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.3, (Average for Large caps: 14)

Over the past week, the average market cap was $41.8 million, average daily volume was $1.9 million.

To make appropriate peer comparison we gauged the KMD (Komodo) coin with 2100NEWS DA Coin Index (NWSCo100). Looking at the daily chart below, at the top we can see the KMD vs. NWSCo100, in the middle of the chart is the original KMD price, at the bottom of the chart are NWSCo100 and correlation between KMD and NWSCo100. On average (purple area graph), the relationship between KMD and NWSCo100  has shown that KMD was weaker, in the last four months, NWSCo100 has beaten KMD by 13%. However, comparing the KMD green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is strong (Pearson’s correlation coefficient = 0.87). It was moving in the same direction as the NWSCo100. As an index member, KMD has been a good representative of the NWSCo100 index in terms of price changes in the last four months.

2100NEWS observation:

In 2019, Komodo not only focused on developing its own products but also put a lot of work into marketing, which at the end of the year brought in an enviable number of followers and members on their social networks. With the strengthening of public relations, they received more media coverage. The first half of 2019 was aimed at re-branding, while in the second half of 2019 they focused on equipping the site with educational content. We find it particularly impressive that the website is available in nine languages in addition to the English version. In 2020, the main task through the new Komodo community portal is to grow and strengthen the community.

About Waves – what they do

Komodo is an open, composable multi-chain platform. With blockchain development roots going back to 2014, Komodo is consistently recognized as a pioneer of multi-chain architecture in the blockchain space.

Today, Komodo focuses on providing business-friendly blockchain solutions that are secure, scalable, interoperable, and adaptable. Komodo’s current technology suite, the Antara framework, offers tools for end-to-end blockchain development, including a customizable, application-specific Smart Chain complete with a library of built-in modules and an open API for building blockchain-based applications.

The philosophy behind Komodo’s multi-chain architecture relies on four pillars:

• Security
• Scalability
• Interoperability
• Adaptability

With these four pillars in place, users of all types will find powerful, customizable solutions that will set your blockchain creativity free.

Komodo is developing three major technology lines:

1. Komodo Core is the engine that extends platform services to all Smart Chain projects. With a multi-chain architecture, Komodo decouples platform services from the KMD blockchain and offers them as optional features. Services include security, on-demand scaling, and interoperability.
2. Antara is a powerful framework for custom development of blockchain-based products. Each Smart Chain comes equipped with a library of built-in modules, giving developers the ability to leverage existing modules while also having the option to code fully custom modules.
3. AtomicDEX is Komodo’s third-generation decentralized exchange and the only DEX in the world to fully run on atomic swap technology. The AtomicDEX connects various blockchain protocols and makes this cuttingedge technology available to all with an open API.

General information

Established in 2016, Komodo is based in malta. The Executive Leadership Team is made up of Kadan Stadelmann (Chief Technology Officer), Steve Lee (Chief Strategy Officer) and Tony Lysakov (Support & QA Team Manager).

Exchanges: Bilaxy, Binance, Bitbns, Bittrex, Bitvavo, CoinBene, CoinEx, Crex24, Graviex, HitBTC, Huobi Global, Huobi Korea, Liquid, Livecoin, Upbit, VCC Exchange.

Website:      https://komodoplatform.com/

You can follow them:     Twitter     Telegram     Reddit

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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any coins KMD.