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Kadena public chain announced the suspension of operations, and KDA fell over 60% in 24 hours.
Odaily Planet Daily reports that the public blockchain project Kadena has announced that it will begin liquidation and cease all operations and public chain maintenance effective immediately due to unfavorable market conditions. A small team will be retained to handle the transition and downtime period. The KDA token and protocol will continue to operate, with over 566 million KDA distributed as mining rewards until 2139. The remaining 83.7 million KDA issued by the platform will be unlocked in November 2029, and the PoW chain will continue to operate until miners and maintainers withdraw. OKX market data shows that KDA is currently trading at $0.088, down 60.3% in the past 24 hours.
BitMart launches Kadena(KDA)
Odaily News According to the official announcement, BitMart will launch Kadena (KDA) at 16:00 (ET8) on April 3, and the KDA/USDT trading pair will be opened. Kadena is a Proof-of-Work (PoW) blockchain. Kadena uses a smart contract language called "Pact", which is a secure smart contract language with automatic auditing built in. KDA is its native utility token, designed to be used to pay network transaction fees.
Binance will support Kadena (KDA) network upgrade and hard fork, and KDA deposits and withdrawals will be suspended during this period
Odaily News Binance will suspend KDA deposits and withdrawals at 7:00 on March 18, 2025 (UTC+8) to cooperate with Kadena's network upgrade and hard fork at block height 5,659,280 (approximately 8:00 on March 18). During this period, users can trade KDA normally, and deposits and withdrawals will be automatically resumed after the network stabilizes. KDA prices are currently weak, with KDA/BTC down 5.74% to 0.00000493 and KDA/USDT down 8.72% to $0.3926.
Kadena is focusing on RWA and tokenization, and plans to launch a bridge between Ethereum and Cosmos
Odaily News Kadena announced that it has hired Alana Ackerman, a former DCG executive and CEO of the Thiel Foundation, as its chief advisor. In addition, Chief Business Officer Annelise Osborne emphasized the company's commitment to RWA and tokenization, saying that the company is "in talks with major asset managers to launch a wide range of institutional tokenization products." In addition to these potential financial products, Kadena's engineering team has also been developing a set of new tools, including two bridges: one connecting Ethereum and Cosmos, and the other focusing on zero knowledge, with other tools coming soon. It is reported that Kadena's two co-founders, Stuart Popejoy and Will Martino, hope to provide a more scalable version of Bitcoin while still using the proof-of-work algorithm. The project has a market value of $150 million and has previously raised more than $15 million in three rounds of financing. Osborne said the company does not plan to raise more funds, but will consider it if it is "strategically significant." He added: "We are still here and we are still building." (The Block)
Binance to Support Cosmos (ATOM) and Kadena (KDA) Network Upgrades and Hard Forks
Odaily News According to the official announcement, Binance will support the network upgrade and hard fork of Cosmos (ATOM) and Kadena (KDA). The Cosmos (ATOM) project will upgrade the network at block height 21,835,200. Binance expects to suspend the token deposit and withdrawal services of the Cosmos (ATOM) network at 21:30 (Eastern Time Zone 8) on August 21, 2024; The Kadena (KDA) project will upgrade the network and hard fork at block height 5,060,924. Binance expects to suspend the token deposit and withdrawal services of the Kadena (KDA) network at 07:00 (Eastern Time Zone 8) on August 22, 2024.
Kadena announces collaboration with Lurk Lab to build ZK Bridge
Odaily News Kadena, a scalable proof-of-work blockchain, announced a partnership with Lurk Lab to build the ZK Bridge. It is reported that the two parties are developing a ZK roadmap, which includes a ZK bridge between Ethereum and Kadena. (Decrypt)
Binance will support Sei (SEI) and Kadena (KDA) network upgrades and hard forks
Odaily News According to the official announcement, Binance will support Sei (SEI) and Kadena (KDA) network upgrades and hard forks. The Sei (SEI) project will upgrade the network at block height 79,123,881 (estimated at 23:00 on May 27, 2024, Eastern Time 8). Binance expects to suspend the token recharge and withdrawal services of the Sei (SEI) network at 22:00 on May 27, 2024, Eastern Time 8; The Kadena (KDA) project will upgrade the network and hard fork at block height 4,819,246 (estimated at 08:00 on May 30, 2024, Eastern Time 8). Binance expects to suspend the token recharge and withdrawal services of the Kadena (KDA) network at 07:00 on May 30, 2024, Eastern Time 8.
币安将支持Kadena(KDA)网络升级
Odaily星球日报讯 据官方公告,币安预计将于东八区时间 3 月 7 日 07:00 暂停 Kadena(KDA)网络的代币充值、提现业务,以支持其网络升级。 项目方将于区块高度 4,577,530(预计东八区时间 3 月 7 日 08:00)进行网络升级。
Binance will support Kadena (KDA) network upgrade and hard fork
Odaily news: According to the official announcement, Binance will support Kadena (KDA) network upgrade and hard fork. The specific arrangements are as follows: The project team will upgrade the network at block height 4,177,889 (estimated at 08:00 on October 20th, East Eighth District time) and hard fork; Binance is expected to suspend the token deposit and withdrawal services of the above-mentioned network at 07:00 East 8th District time on October 19th.
Carbon-neutral PoW mining pool NoPool gets Kadena Grant and joins its ecology
Odaily星球日报讯 可扩展Layer 1 PoW区块链Kadena今天宣布Kadena Grant获赠者NoPool已加入其生态系统,旨在解决PoW对中心化矿池的依赖,并最大限度地减少Kadena挖矿对环境的影响。随着NoPool的推出,Kadena矿工将获得独特的激励措施,可在BITMAIN的支持下获得碳中性认证。 据介绍,NoPool项目由Massive开发,该公司是一个去中心化的区块链资源提供商,允许用户选择利用空闲算力获得收入。(PR Newswire)
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