Home Bitcoin JPMorgan’s Blockchain Offshoot Kadena Will get First Ever Token List

JPMorgan’s Blockchain Offshoot Kadena Will get First Ever Token List

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Bittrex Worldwide, one of many world’s most smartly-liked platforms for trading cryptocurrencies, is about to change into the first crypto alternate to list a token by JPMorgan’s blockchain accelerate-off Kadena.

Kadena token (KDA), is sooner or later getting its first suited itemizing on June 25. Whereas token deposits on KDA wallets on Bittrex are readily available without delay, the trading is made up our minds to originate on June 26 at 10: 00 a.m. EST.

At the preliminary birth, KDA can be trading against two cryptocurrencies — Bitcoin (BTC) and distinguished USD stablecoin, Tether (USDT).

Procuring and selling on Bittrex Worldwide isn’t readily available within the U.S. and some sanctioned worldwide locations

By introducing the KDA token on Bittrex Worldwide, Kadena obtains indispensable exposure. Bittrex is one of maybe the most appealing crypto exchanges on the planet, with an moderate day-to-day trading volume of about $37 million as of press time.

On the replacement hand, KDA trades could maybe also now now not be originate for all users worldwide. Bittrex Worldwide is now now not readily available within the US or other sanctioned worldwide locations admire Egypt and Cambodia.

KDA to debut trading at a market cap of $13 million

Kadena’s KAD token is the native cryptocurrency for Kadena’s hybrid blockchain platform. This platform is in accordance with aged Proof of Work (PoW) consensus. After Kadena launched mining in November 2019, a crammed with 35 million KDA tokens own entered into circulation up to now. Will Martino, co-founder and CEO at Kadena, says that about 100 million KDA tokens can be mined over the following year. The worth of Kadena’s KDA token will rely upon the ask and provide.

As of press time, distinguished crypto tracking net sites admire CoinMarketCap and CoinGecko attain now now not expose KDA token’s statistics in beefy, while offering some knowledge on historical note changes since early June 2020. Martino acknowledged that some “buggy integrations” in total is a cause within the again of the sphere, noting that sooner than Bittrex itemizing, KDA’s market cap stands at $13 million. He acknowledged:

“KDA has been essentially OTC-totally since birth in January. List on Bittrex Worldwide is the first for KDA. Some hover-by-evening so-referred to as exchanges, admire Hotbit, own made rather buggy integrations that provide note knowledge feeds from which CoinMarketCap and CoinGecko pull.”

Kadena introduces a HIPPA-compliant application for tracking COVID-19 test outcomes

Alongside its first itemizing, Kadena is originate-sourcing a decentralized application, or dApp, for tracking and validating COVID-19 test outcomes. The dApp is designed to provide a right means for outcomes to obtain shared amongst scientific teams and patients. Kadena’s COVID-19 dApp is without delay readily available on testnet and doesn’t require onboarding KDA tokens or a crypto wallet, the firm acknowledged.

Additionally, Kadena plans to scale its sharded layer-1 PoW blockchain from 10 chains up to 20 chains. The scaling direction of will happen on July 31, Kadena great.

Spun out of JPMorgan’s Blockchain Center for Excellence, Kadena raised over $15 million by three token gross sales in 2019, Martino suggested Cointelegraph. “The outcomes of the Nov 2019 token sale own now now not been publicly damaged out,” the exec added.