Cryptocurrency

Blockchain JP Morgan and his token “Kadena”

Bittrex Global, one of the most popular platforms in the world for the trade of criptodivisas, is on the verge of becoming the first exchange of cryptography in list a token to the Blockchain of JP Morgan, Kadena.

The token Kadena (KDA), is finally getting its first official list on June 25. Although the deposits of tokens in the wallets of the KDA in Bittrex are available immediately. The bag opens on the 26th of June at 10:00 a.m. EST.

In the initial release, KDA will operate with two criptodivisas: Bitcoin (BTC) and the main stablecoin, Tether (USDT). When you enter the symbol KDA in Bittrex Global, Kadena gets significant exposure. Bittrex is one of the largest bags crypto in the world, with a trading volume daily average of about 37 million dollars at the close of the edition.

However, the transactions of KDA will not be open to all users of the world. Similarly, Bittrex Global is not available in the united States or in other sanctioned countries, such as Egypt and Cambodia.

Kadena debut

The KDA will debut with a market cap of $ 13 million. Thus, the token KDA Kadena is the cryptography is native to the platform of the Blockchain hybrid of JP Morgan.

This platform is based on the traditional consensus of the Working Test (PdT). After that Kadena launch of the mining in November of 2019, a total of 35 million tokens KDA have come into circulation until now. Will Martino, co-founder and CEO of Kadena, says that about 100 million of tokes KDA will be removed during the next year.

However, the price of the tokens of Kadena depends on the demand and the offer. Up to the time of the press, the major web sites crawl cryptographic as CoinMarketCap and CoinGecko does not show the statistics of the tokens KDA in its entirety.

While they provide some information on changes in historical prices since the beginning of June of 2020, Martino commented that:

“KDA has mainly been otc since its launch in January. The inclusion in Bittrex Global is the first to KDA. Some of the so-called ‘fly-by-night exchanges’, as Hotbit, have done integrations quite flawed that they provide data on prices of that CoinMarketCap and CoinGecko benefit”.

What else brought us to KDA?

In addition to its first listing, Kadena is opening a decentralised application, or dApp, to track and validate the results of the tests of COVID-19.

In this way, the dApp is designed to provide a safe and secure way that the results are shared between medical teams and patients. The dApp COVID-19 Kadena is immediately available in the test network and does not require the addition of tokens KDA or a portfolio cryptographic, said the company.

Also, Kadena plan to scale your Blockchain layer 1 PoW of 10 to 20 chains. The escalation process will take place on 31 July, said Kadena.

Finally, Kadena raised more than $ 15 million through three sales symbolic in 2019, said Martino. “The results of the sale symbolic of November 2019 not been made public”.

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About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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