Komodo (KMD) is a token of a decentralized open-source platform. The coin evolved from BitcoinDark (BTCD), but the main software was forked from Zcash. Cryptocurrencies tied to the Komodo blockchain receive much lower commission fees than bitcoins.

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Komodo

A well-run Proof of Reserve would have exposed Gox, Quadriga, and FTX early on - and thus limited fallout. For this reason, all exchanges have a moral obligation to engage in PoR. Be intensely suspicious of those who resist it.

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Agreed, but of course an even better solution is moving towards decentralized exchanges.

That's why we developed Komodo Wallet as a trustless wallet + DEX, meaning you don't need to trust that a third party holds your funds. You always hold your funds.

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