NEW YORK, UNITED STATES, May 10, 2021 — We are proud to announce that Kadena, the safest and most scalable Proof of Work blockchain, will have its first major listing of 2021 on Kucoin. Kucoin is a Top Ten exchange based on its trading volume as measured on cryptocurrency tracking apps such as CoinMarketCap and CoinGecko.
The Kadena token (KDA) secures the Kadena public blockchain through Proof-of-Work, and is used to fund gas costs on the network in a similar manner to Ethereum. Thanks to Kadena’s scalable Proof-of-Work algorithm, congestion is a thing of the past which keeps gas fees affordable, and with Gas Stations, projects can subsidize gas fees to remove that complexity entirely from the user experience. Apps on Kadena are powered by smart contracts written in Pact, which avoids the bugs and vulnerabilities found in Solidity and other smart contract languages.
KDA trading pairs on Kucoin will launch with Bitcoin (BTC) and Tether (USDT). This listing improves access to liquidity for KDA community members across the world. Kadena and Kucoin will be announcing a joint marketing campaign on May 11th.
The KDA wallet is now launched on Kucoin for deposits and withdrawals. The marketing launch and trading will open on Tuesday, May 11th, at 10 UTC / 6 AM EST.
Kadena’s public blockchain is a high-throughput Proof of Work layer-1 protocol that delivers groundbreaking security and throughput. With Kadena’s Kuro Layer-2 solution transaction speed can exceed 480,000 TPS. Smart contracts written in Pact are easy to write and understand, with applications launching in every major use case in crypto.
Besides Kadena’s listing on Kucoin, we have many exciting projects launching into production in Q2 of 2021 such as:
Launching the very first multi-protocol DEX with free gas, which will provide an attractive off-ramp from Ethereum for projects and users looking for lower gas fees as well as tokens from Polkadot, Terra, Celo, ViteX, and other protocols.
Developing a chain relay program to secure Kadena decentralized bridges to Ethereum, Celo, Terra, and other platforms, powered by bonding KDA.
Announcing an NFT project on Kadena’s blockchain, which will showcase Kadena’s ability to scale and maintain lower fees than any of our competitors.
“KDA will be everywhere by the end of 2021, whether that’s Uniswap or major exchanges or wrapped platforms,” says Kadena’s Founder and CEO Stuart Popejoy.