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Komodo Cryptocurrency Platform Raises Over 1000 BTC on the First Day of Its ICO

The secure and anonymous cryptocurrency platform, Komodo raises over 1000 BTCs on the very first day of its ICO.

LISBON, Portugal, Oct. 19, 2016 /PRNewswire/ -- Komodo, based on ZCash fork is delighted to announce the successful start of its ICO. The privacy and security driven cryptocurrency platform has raised 1267.78 BTCs on the very first day of its crowdfunding campaign. The platform developed by members of SuperNET and BitcoinDark (BTCD) communities offered a 25% bonus to all the investors who took part on the first day of the 36 day ICO period, ending November 20, 2016.

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As a part of its development roadmap, Komodo Platform will be using the funds raised through ICO to enable anonymous cryptocurrency transactions over Bitcoin's ZCash fork using zero-knowledge proofs. In addition to anonymity, the protocol also offers extra security by notarizing Komodo blocks on Bitcoin blockchain using Delayed Proof of Work (dPoW) consensus mechanism. The dPoW protocol involves the use of special notary nodes to migrate information from Komodo blockchain to that of Bitcoin and then back again to Komodo. This will, in turn, makes rewriting Komodo blockchain virtually impossible, unless the attacker is capable of compromising Bitcoin.

Komodo's dPoW technology allows cryptocurrencies to leverage the power and security of Bitcoin blockchain by using just a fraction of hashing power. The dPoW technology makes Komodo Proof of Work (PoW) cryptocurrency as efficient as a PoS based digital currency with unparalleled security. Other cryptocurrencies can also make use of Komodo's notary nodes to notarize their blocks on Bitcoin blockchain without having to pay Bitcoin transaction fees.

Komodo ICO Roadmap

Until November 20, 2016, users can participate in the ongoing Komodo ICO by exchanging Bitcoin or any other altcoin supported by Shapeshift and benefit from the bonus offerings.

About Komodo

Komodo is a secure and anonymous cryptocurrency based on the ZCash fork. It is a result of the joint development effort between BitcoinDark and SuperNET teams.

Learn more about Komodo at – https://komodoplatform.com/

Participate in Komodo ICO at – https://ico.komodoplatform.com/

Find Komodo Whitepaper at – https://komodoplatform.com/whitepaper/

Komodo on Steem – https://steemit.com/@komodoplatform

Komodo on Bitcoin Talk – https://bitcointalk.org/index.php?topic=1605144.0

Media Contact

Contact Name: António Madeira
Contact Email: [email protected]

Komodo Platform is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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