Bittrex Global, one of the world’s most popular platforms for trading cryptocurrencies, is about to be the first crypto exchange to list a token from Kadena, JPMorgan’s blockchain partner.
The Kadena (KDA) token will finally get its first official listing on June 25th. While token deposits in KDA’s wallets are immediately available at Bittrex, trading will open at 10:00 a.m. on June 26. IT’S T.
When launched for the first time, KDA will trade two cryptocurrencies: Bitcoin (BTC) and the main stable USD currency, Tether (USDT).
Trading with Bittrex Global is not possible in the United States. USA and some sanctioned countries
With the introduction of the KDA token in Bittrex Global, Kadena is gaining in importance. Bittrex is one of the world’s largest cryptocurrency exchanges with an average daily trading volume of approximately $ 37 million at press time.
However, KDA operations are not open to all users worldwide. Bittrex Global is not available in the United States or other sanctioned countries such as Egypt and Cambodia.
KDA debuts with a $ 13 million market cap
Kadena’s KAD token is the native cryptocurrency for Kadena’s hybrid blockchain platform. This platform is based on the traditional PoW consensus (proof of work). After Kadena started mining in November 2019, a total of 35 million KDA tokens have been issued. Will Martino, co-founder and CEO of Kadena, says that around 100 million KDA tokens will be mined next year. The price of the Kadena KDA token depends on supply and demand.
At press time, major cryptocurrency tracking websites like CoinMarketCap and CoinGecko are not fully displaying KDA token statistics and also provide insight into historical price changes since early June 2020. Martino said some “buggy integrations” could be causing the problem, noting that KDA’s market cap prior to Bittrex’s listing was $ 13 million.. He said:
“Only since its introduction in January has KDA been primarily OTC. Listed on Bittrex Global is the first for KDA. Some of the so-called dubious exchanges, like Hotbit, have made rather flawed integrations that provide price data from which CoinMarketCap and CoinGecko come. “
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Kadena introduces the HIPPA-compliant app for tracking COVID-19 test results
Along with his first listing, Kadena is a decentralized open source application (dApp) for tracking and validation of COVID-19 test results. The dApp provides a secure way to exchange results between medical teams and patients.. Kadena’s dApp COVID-19 is immediately available in the test network and does not require any additional KDA tokens or a crypto wallet.
In addition, Kadena plans to scale its fragmented Layer 1 PoW blockchain from 10 chains to 20 chains. The expansion process will take place on July 31, Kadena said.
Separated from JPMorgan’s Blockchain Center of Excellence, Kadena raised more than $ 15 million in three token sales in 2019, Martino told Cointelegraph. “The results of the token sale in November 2019 were not released publicly.” added the executive.