Kadena price
in USDCheck your spelling or try another.
About Kadena
Disclosures
Kadena risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Kadena. All crypto assets are risky, there are general risks in investing in Kadena. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Kadena’s price performance
Kadena on socials
Guides
Kadena on OKX Learn
Kadena FAQ
Kadena (KDA) is a blockchain network that operates on the Proof-of-Work (PoW) consensus mechanism. It distinguishes itself by incorporating graph theory, which intertwines multiple base layer chains. This unique approach significantly improves the network's throughput capacity and enhances its overall security..
KDA offers several benefits to its users. Firstly, users can earn rewards through KDA tokens, incentivizing their participation in the network. Additionally, KDA boasts low transaction fees, making it a cost-effective option for users to conduct their transactions. Moreover, KDA is designed with user-friendliness, offering a seamless and user-friendly experience for individuals engaging with the network.
Easily buy KDA tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is KDA/USDT.
You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for KDA with zero fees and no price slippage by using OKX Convert.
Dive deeper into Kadena
Kadena is a Layer 1 blockchain that strives to be both enterprise-ready and developer-friendly. It leverages a unique consensus mechanism called Chainweb, which employs a braided chain architecture to achieve high throughput and low fees. Furthermore, Kadena introduces a novel smart contract language called Pact, specifically designed to enhance security and efficiency compared to other existing smart contract languages.
What is Kadena?
Kadena is a blockchain platform that was established in 2016. It offers secure and scalable solutions tailored for businesses and developers. Kadena differentiates itself by utilizing a distinctive blend of public and private blockchains, effectively addressing the limitations of conventional blockchain systems. At the heart of Kadena lies the Chainweb protocol, a groundbreaking technology that interconnects multiple chains. This unique architecture enhances the platform's capacity to handle many transactions securely and efficiently.
The Kadena team
Kadena was founded by Stuart Popejoy and Will Martino, both possessing significant expertise in the blockchain industry. Popejoy, a former executive at JPMorgan Chase, played a pivotal role in developing the bank's initial blockchain solutions. Martino, previously a lawyer, served as the chairman of the Securities and Exchange Commission's Crypto Committee. United by their shared vision, Popejoy and Martino set out to create a blockchain platform that would excel in scalability and security, surpassing the capabilities of existing platforms.
How does Kadena work?
Kadena operates on a unique infrastructure that enables it to handle thousands of transactions per second while ensuring security. The network utilizes a consensus mechanism known as Proof of Work (PoW), similar to Bitcoin (BTC). Miners participate in a competitive process where they solve complex mathematical problems to validate and add blocks to the blockchain. The first miner to successfully solve a problem is rewarded with KDA tokens. These tokens hold value and can be traded for other cryptocurrencies or utilized for making purchases within the network.
Kadena’s native token: KDA
KDA is the primary token within the Kadena network. It is the native currency for various activities and transactions on the platform. The mining process involves solving intricate mathematical problems to enhance network security and prevent malicious attacks, allowing individuals to acquire KDA tokens. Users can utilize KDA to pay for transaction fees when engaging with the Kadena network.
KDA tokenomics
Kadena currently has a circulating supply of 167,257,413 KDA tokens, with a maximum total supply set at 1,000,000,000 KDA tokens. The creators of Kadena have meticulously crafted tokenomics to establish a system that promotes fairness and equity within the network.
KDA use cases
KDA has several potential use cases, and as the Kadena ecosystem expands, new applications may emerge. Presently, KDA can be utilized to develop and launch decentralized finance (DeFi) applications. It can also be employed in the creation and trading of non-fungible tokens (NFT). Furthermore, KDA has the potential to facilitate supply chain tracking for goods and services, as well as power gaming applications.
Distribution of KDA
The distribution of KDA tokens is as follows:
- Seventy percent is allocated to mining rewards, incentivizing network participation, and securing the blockchain.
- Ten percent is allocated to the team and advisors, recognizing their contributions to the project's development and success.
- Ten percent is allotted for ecosystem development, fostering the growth and expansion of the Kadena ecosystem.
- Ten percent is reserved for the foundation.
What does the future hold for Kadena
Kadena is an exciting and promising blockchain project that has the potential to revolutionize our utilization of the internet. While still in its early stages, the project has made significant advancements and demonstrated its capabilities. Supported by a talented team of developers and advisors, Kadena is well-positioned to achieve long-term success in the blockchain industry.
As the project continues to evolve, it is expected to bring forth innovative solutions and contribute to the advancement of decentralized technologies, shaping the future of how we interact with the internet.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.