Komodo’s (KMD) New Branding Revealed Along with Antara Protocol
Komodo is seen as one of the most innovative blockchain projects, but has been seeking a new direction.
Komodo is seen as one of the most innovative blockchain projects, but has been seeking a new direction.
Komodo (KMD)revealedits new logo, along with launching the Antara framework, an environment for simple blockchain development.
The update of the visuals and the release of the developer framework are a part of the Komodo Evolution program, aiming to expand the products on the network. Komodo already released Antara Composer to facilitate blockchain development and has unrolled a new hybrid DEX wallet as well.
“Our mission is to provide end-to-end blockchain development solutions that empower others to come in and build a multi-chain ecosystem. The bigger the ecosystem grows the more KMD (the coin) will benefit as there will be more opportunities, users, and blockchain innovations,” explained the Komodo team.
Komodo is a unique blockchain which uses secondary verification based on Bitcoin (BTC) proof-of-work, storing the state of the blockchain on Bitcoin blocks. The Komodo project has been expanding to build an entire ecosystem of tokens, exchanges, and to test the potential for exchanges through atomic swaps.
Weiss Ratingsgives a C+ grade to Komodo, making it one of the riskier projects. KMD currently trades around $1.37, though expectations during more bullish times sent the asset above $12, with $20 not ruled out. The Komodo project also spawned a series of new networks and coins, including NXT, Ignis, and others, where a series of hard forks and snapshots led to high price volatility.
This led to a withdrawal of investors and brought lower liquidity to KMD. Now, daily volumes for KMD are just around $6 million, with the biggest markets being CoinBene, Binance, and Bittrex. More than 85% of all KMD activity is in the pairing with BTC, tying up the valuation of the asset with the moves of the leading coin. KMD, however, has fallen from peaks above 80,000 Satoshi down to 12,000 Satoshi, as altcoins slid significantly over the past months.