The Merge switched Ethereum from PoW to PoS. As a result, miners lost a big chunk of their colleagues. Kadena is such a PoW blockchain.
In a previous article, we discussed the Kadena blockchain and some basics about its native token. We are now going to answer five questions about the Kadena KDA coin. So, without further ado, let’s dig in. The following video gives you an idea what Kadena is about.
Where to Buy the Kadena Coin?
The KDA token is on offer on a variety of major CEXes. Binance and Binance.US both offer this coin. Furthermore, KuCoin and Gate.io are also part of this list. Smaller or lesser CEXes include OKX, Bitget, CoinEx, and Bybit. They mostly offer a KDA/USDT pair, with an occasional KDA/BTC pair, as on Binance or KuCoin.
As for DEXes, KDSwap, built on Kadena, offers no less than six KDA pairs.
Great news for $KDA hodlers in the US!@BinanceUS has listed @Kadena_io’s $KDA token on their exchange with trading, deposits, and withdrawals all opened.
Read more: https://t.co/xElsQHcwkS pic.twitter.com/pMYUuLkzvP
— Kadena (@kadena_io) July 19, 2022
Exchanges for the Kadena Coin?
Good news for U.S. citizens, Binance.US offers the KDA token since July 2022. Besides a KDA/USDT pair, they also offer a KDA/USD pair. Very convenient. On the other hand, it’s big brother, Binance, already offered the KDA token. They offer three pairs: KDA with USDT, BUSD, and BTC.
In addition, there’s a string of bigger and smaller exchanges that offer the KDA token. KuCoin with three pairs, Gate.io with two pairs, and OKX with a single pair. CoinEx and Bittrex both offer three pairs.
There are still a few other exchanges that are offering the KDA token, like CoinMetro and BKEX. See the picture below.
Kadena Coin News
If you’re interested in Kadena news, we can highly recommend its Medium page. It has regular updates on there, which are straight and to the point. Usually, the platform keeps its stories short and digestible. Between two to three minutes read times are the average.
Big news in April 2022 was its $100 million grant budget. More recent news includes personnel changes and additions to the team.
.@kadena_io wouldn't be complete without its lively ecosystem. Let's rewind and take a look at this past September’s news and updates! pic.twitter.com/8W8QmmEp59
— Kadena (@kadena_io) October 3, 2022
What Does Kadena Coin Do?
The KDA coin is the native coin of the Kadena blockchain. Despite being a PoW chain, Kadena has almost free gas costs. In August 2020, the Kadena chain even managed a 480,000 TPS. They managed to do this with 20 braided chains, after they split the core network.
You can use KDA to pay for computational power and block mining. However, transaction fees are almost negligent. Some businesses even managed to completely bypass them. Furthermore, you can also use KDA for staking. The miners that produce blocks get rewarded in KDA.
KDA Staking officially reopened!!
We just filled 730,000 $KDA capacity in 20 minutes!
That is $5,800,000+ worth of KDA Rocket
Proud to be supporting @kadena_io LFG! https://t.co/74AAgbX4rT#Staking #CoinMetro #Kadena #DeFi
— Coinmetro (@CoinMetro) November 3, 2021
Wallets for Kadena Coin
- The official Kadena wallet is Chainweaver. It’s not a user-friendly wallet. Actually, it’s complex. However, it’s powerful. Kadena offers an extensive guide to Chainweaver in case it piques your interest.
- X-Wallet is the only wallet that supports all tokens in the Kadena ecosystem. Among others, it offers cross-chain transactions.
- Zelcore is a much more user-friendly, multi-network wallet. You can use it for storing and trading.
Kadena compared the Chainweaver and Zelcore wallets, noting the strengths and weaknesses of each.
X-wallet is a sleek new web-extension wallet created by @KaddeXofficial that will soon be added to @Kadena_io’s ecosystem!
With built-in k:accounts, X-wallet allows users to safely store/transfer assets, interact with Kadena #dapps, view transactions & more.
More info to come! https://t.co/TWcZelhJ8P
— Kadena (@kadena_io) December 16, 2021
Conclusion
To sum up, we answered five questions about Kadena coin (or KDA) for you. There’s also a part one that you can visit.
The current KDA price is $1.47. That’s 4.8% up in 24 hours. In one year, it’s only down 32.2%. Compared to other coins and tokens, that’s good. The market cap is $286 million. There are 198 million KDA coins in circulation, out of a one billion max supply. That is less than 20%!
⬆️For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.
⬆️ ALTCOIN BUZZ – BINANCE – GET UP TO $600* ON SIGN UP
Sign up using the links below on Binance Exchange and get the following benefits
- Earn a $100 Spot Trading Bonus
- Get a 20% trading fee discount for life!
- Get $200 worth of 2 months of Altcoin Buzz Access PRO Membership (50+ Trading Signals, Hidden Gems) and unlock up to $500 more in prizes
Click on the following link (as per your location) to avail the benefits. Binance Global, Binance US.
For more details visit*: Binance Sign Up Offer Page. *Terms & Conditions Apply
Disclosure: Altcoin Buzz may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners.
