Komodo Platform (KMD) Cryptocurrency Economic Model and General Information

What does it do?

Komodo is building an ecosystem that empowers developers and businesses with end-to-end blockchain solutions with no limits.

Key Features

  • Bitcoin-level security through dynamic checkpoint notarizations.
  • Komodo’s multichain architecture allows scalability for every project.
  • All blockchians in the Komodo ecosystem support atomic swaps and cross-chain smart contracts.
  • Continuous updates to the ecosystem.

General information

Company NameKomodo Platform
Incorporation date2014
Incorporation Addressn/a
Websitehttps://komodoplatform.com/
Bloghttps://blog.komodoplatform.com/
Phonen/a

Economic details

Initial Funding & Distribution
TickerKMD
Token TypeCryptocurrency
Total Supply Sold90 000 000 KMD
Total Amount Raised1 929 188 USD
Price During the Crowdsale0.3760 USD
Hard Capn/a
Whitepaperhttps://komodoplatform.com/wp-content/uploads/2018/06/Komodo-Whitepaper-June-3.pdf
Initial Token Distribution90% Crowdsale
10% Komodo's development and Marketing
Distribution of Funds raisedn/a
Crowdsale DateNovember 20, 2016
Sources: https://icobench.com/ico/komodo
https://bitcointalk.org/index.php?topic=1605144.0
Top 100 Holders Collectively Own 62.07% (69,247,237.69 Tokens) of KMD. 
Source: https://dexstats.info/richlist.php?asset=KMD
This chart represents the supply if the maximum staking reward will be received each year.
Source: https://komodoplatform.atlassian.net/wiki/spaces/KPSD/pages/71729215/What+is+the+5+Komodo+Stake+Reward

Social Media

Team

 TitleNameLinkedin
CTOKadan Stadelmann
General ManagerBen Fairbank
QA & Support ManagerSaddam Hossain
CMOSteve Lee
n/aFounder & Core DeveloperJames Leen/a

Development

Total number of Commits88060 Commits (39 Repositories)

Partners

ValueNet Capital – a venture capital fund that invests in cryptocurrency and blockchain projects.

Netcoins – a platform to buy/sell cryptocurrency.

Acre – a micro-investing platform for cryptocurrency.

Pungo (former Peer2.group) – a platform connecting blockchain to people and businesses.

Monaize – an e-banking platform.

Competitors

ZCash – a privacy-protecting, digital currency built on strong science.

Monero – a private cryptocurrency.

Ethereum – a decentralized platform that runs smart contracts and it allows developers to create their own decentralize application.

Stellar – an open source network used to facilitate cross-asset transfers of value.

Kyber Network – instant token to token swaps.

IDEX – a decentralized cryptocurrency exchange.

Potential market and clients

The growth in the adoption of KMD depends on the increase in interest of users and the growth of competitors which feature ICO platforms, private transactions or DEX.

Utility and economic dynamics

  • Hold coins in Agama Wallet and receive 5% KMD active user reward.
  • KMD is the most liquid coin on DEX.