KMD
No. 487Price
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1. Project introduction
Komodo is a multi-chain structure open platform combined with Zcash’s anonymity and Bitcoin’s security. Komodo is Zcash fork, focusing on privacy, and its consensus mechanism has been improved based on POW, called the delayed work proof DPOW. Komodo's multi-chain architecture overcomes the challenges faced by other smart-contract platforms. The philosophy behind Komodo's multi-chain architecture relies on four pillars:
(1) Security;
(2) Scalability;
(3) Interoperability;
(4) Adaptability.
The Komodo Platform offers many free white-label applications that can help to bring innovation to market faster. Komodo's Smart Chain technology allows to create secure and fully autonomous blockchains that are designed for a specific purpose. The Antara framework allows to customize Smart Chain and add arbitrary code to the consensus mechanism.
2. Team introduction
CEO: James Lee
CTO: Kadan Stadelmann
3. Application and distribution
Token application:
KMD is at the center of the Komodo ecosystem: it is used to perform on-chain operations (e.g., transfer of tokens) and as a reward for notary nodes, part of the DPoW consensus algorithm.
Token distribution:
ICO public offering: 45%
Komodo team operation and future development: 5%
Block reward: 50%
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