Komodo (KMD)

Welcome to our Komodo (KMD) news page. Here you'll find some of our featured Komodo platform content pieces as well as all our latest Komodo Platform Partnership posts.

Komodo KMD Listed on CoinFlip ATMs And Launches An Exchange on CoinSwitch

The Komodo platform has been making some important partnerships lately. The company, which is specialized in cross chain contracts, atomic swaps and a launch pad for blockchain entrepreneurs has had a great year and announced two new partnerships today with companies that can boost the reach and the quality of the services offered by the company via third party integration.

The Partnership With CoinFlip

CoinFlip is the first partner revealed by the company and will help in the integration of Komodo and its KMD tokens with the network of ATMs managed by CoinFlip. The company works across 13 different states in America and possibly even in more locations in the near future.

The ATMs constructed by the company allow the users to both purchase and sell a total of seven different cryptos and now KMD will be one of them. You can also use other popular currencies like Bitcoin and Ethereum on the ATMs of the company.

The business development manager at Komodo, Jason Brown, affirms that there are only a few ways to enter altcoins from fiat or to convert them from altcoins back into fiat, therefore a large part of the users of the company are being kept out of this market and this impacts the investors of the company. Because of this, this was considered to be a key partnership of the company.

The Partnership With CoinSwitch

The second partnership that was secured by Komodo was with a cryptocurrency exchange company called CoinSwitch. Both companies have teamed up to launch a KMD dedicated platform that will allow the users to trade KMD at the lowest possible rate without having to register in any centralized crypto exchange to do it.

This technology will work in a similar way to search engines for crypto exchanges as it will look for the best rates outside of their sites and then make transactions without having through them, which can be considered to be a less intrusive process than having to sign up would be.

CoinSwitch supports more than 275 coins and it recently decided to list Komodo tokens. At the moment, the company boasts a huge number of more than 45,000 trading pairs.

Some other important news for Komodo this year was the company was able to list its KMD tokens on Bitpanda, which provided a direct fiat gateway for the tokens. Also, it has made a partnership with Netcoins, which enables its customers to buy KMD from over 21,000 physical locations in the world across three continents.

Komodo was also integrated into Cred last month. The company has a micro-investing app and secured a partnership with Peer2Group.


CRED Crypto Investment App Announces Komodo Platform Partnership

Crypto Micro-Investing Platform Cred Partners With Komodo

Cred, the first ever micro-investing platform for the cryptocurrency, today announces it has partnered with Komodo Platform.

Brendon McQueen, Founder & CEO of Cred, said:

“We are thrilled to announce this partnership with the Komodo Platform, which has incredible security and equalizing mechanisms that will only enhance the Cred platform.”

Komodo Platform enables customers to build and secure their own independent blockchain, crowdfund and launch a decentralized ICO, and integrate and exchange with the entire blockchain community through their atomic swap technology.

The high prices of cryptocurrencies and complicated platforms can make the space intimidating for first-time investors. The Cred app fixes this by making micro-investing simple with features such as the following:

  • Round up your everyday purchases: Investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency.
  • Set up recurring investments: Investors can set up weekly or monthly recurring investments into cryptocurrency. Transactions can be as much as $2,000 per month to start.
  • Get access to mainstream and altcoins alike: Cred offers a variety of cryptocurrency investment options such as Bitcoin, Ethereum, XRP, Litecoin, and ZenCash as well as tokens such as Worldwide Asset eXchange’s WAX and Neblio’s NEBL. The app teaches investors what each token does and shares its history and relevance in the industry.
  • Cap investments at $2,000 a month: The mandatory investment cap adds peace of mind for first-time investors who are averse to spending large sums at this stage.

It is inspiring to see Komodo continuing to put in work and create partnerships. All of this will pay off once the market takes off again. The reason so many people are passionate about cryptocurrencies is not that they have the power to transform a single industry, but rather a society as a whole. Komodo Platform aims to do just that: nothing less than to decentralize the whole world.

More about Cred:

Headquartered in Santa Monica, CA, Cred is a new kind of finance company democratizing consumer access to cryptocurrency. Launching in 2018 by Founder Brendon McQueen, Cred’s powerful technology offers a micro-investing platform specifically focused on cryptocurrency. Mr. McQueen previously founded and led Tuition.io, a market leader in student loan employee benefits.


CRED Crypto Investment App Announces Komodo Platform Partnership

Crypto Micro-Investing Platform Cred Partners With Komodo

Cred, the first ever micro-investing platform for the cryptocurrency, today announces it has partnered with Komodo Platform.

Brendon McQueen, Founder & CEO of Cred, said:

“We are thrilled to announce this partnership with the Komodo Platform, which has incredible security and equalizing mechanisms that will only enhance the Cred platform.”

Komodo Platform enables customers to build and secure their own independent blockchain, crowdfund and launch a decentralized ICO, and integrate and exchange with the entire blockchain community through their atomic swap technology.

The high prices of cryptocurrencies and complicated platforms can make the space intimidating for first-time investors. The Cred app fixes this by making micro-investing simple with features such as the following:

  • Round up your everyday purchases: Investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency.
  • Set up recurring investments: Investors can set up weekly or monthly recurring investments into cryptocurrency. Transactions can be as much as $2,000 per month to start.
  • Get access to mainstream and altcoins alike: Cred offers a variety of cryptocurrency investment options such as Bitcoin, Ethereum, XRP, Litecoin, and ZenCash as well as tokens such as Worldwide Asset eXchange’s WAX and Neblio’s NEBL. The app teaches investors what each token does and shares its history and relevance in the industry.
  • Cap investments at $2,000 a month: The mandatory investment cap adds peace of mind for first-time investors who are averse to spending large sums at this stage.

It is inspiring to see Komodo continuing to put in work and create partnerships. All of this will pay off once the market takes off again. The reason so many people are passionate about cryptocurrencies is not that they have the power to transform a single industry, but rather a society as a whole. Komodo Platform aims to do just that: nothing less than to decentralize the whole world.

More about Cred:

Headquartered in Santa Monica, CA, Cred is a new kind of finance company democratizing consumer access to cryptocurrency. Launching in 2018 by Founder Brendon McQueen, Cred’s powerful technology offers a micro-investing platform specifically focused on cryptocurrency. Mr. McQueen previously founded and led Tuition.io, a market leader in student loan employee benefits.


Komodo Platform Ready For Soft Launch Of HyperDEX UI On May 21st

Komodo Platform is ready to soft launch their new user-friendly interface called HyperDEX. Komodo is the home to BarterDex, a precursor to HyperDex that allows direct wallet-to-wallet crypto trades.

BarterDEX enables users to have control of their funds even while trading. A decentralized exchange means users don’t have to give up controls of their private keys. Additionally, DEX reduces transaction fees while removing the requirement for more than one transaction when exchanging coins.

Komodo was the first project to bridge the gap between ERC20 tokens and BTC protocol coins. Notably, BarterDEX supports over 95% of all tokens and coins in existence through atomic swaps.

Both HyperDEX and Komodo’s decentralized ICO application are powered by “atomic swaps” which aims at removing another set of middlemen. Atomic swaps allow automatic, wallet-to-wallet trades between assets on two different blockchains–for example, using bitcoins to purchase tokens from the Ethereum blockchain. Before Atomic swaps, such trades could only be coordinated via an exchange.

The tokens on BarterDEX are coupled with Komodo’s Agama wallet which enables projects to have their token supported by a multi-coin wallet without depending on a centralized third party.

Until now, ICOs have been limited by the number of currencies which could be used for investment. For ICOs hosted on a more obscure blockchain, an investor might have to pass through three or four different currencies before investing. Atomic swaps allow direct exchanges between (almost) any two cryptocurrencies.

In March 2018, Komodo Platform partnered with ValueNet Capital, a venture capital fund based in Beijing. The relationship would help Komodo get a risk assessment and strategic consulting. Earlier this month, Komodo made headlines in the crypto ecosystem by launching Blocnation, world’s first decentralized ICO (dICO).

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