# Xi Ye's Trading Insights Is the End of Consensus Sovereign Credit?
Many people think that $KDT is another presidential coin, but when you see the structure clearly, you realize this might be the first time we see — a national MM with the public as retail investors experiment.
No VC, no pre-sale, no capital distribution. Only 2% of the initial supply is circulating, the rest is locked, controlled by a smart contract, and not even a sickle can be found.
CA: CEY7Xa21gE8fh3ksS43STCftHHJNnSE2seF1Vscdsmth
When a sovereign nation takes the chain as an opportunity to overtake the economy, are you sure you're only looking at FDV and stickers?
No investment advice is given. But if you understand the structure of $KDT, you know this is a bet on whether a structural flywheel can successfully ignite.
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