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*KADENA SHUTS DOWN OPERATIONS!* $KDA
Kadena has officially announced that it is *ceasing all business activity and active maintenance* of the Kadena blockchain effective immediately.
Due to unfavorable market conditions, the team can no longer support or promote the project. A small group will remain temporarily to manage the transition and wind-down process.
However, the *Kadena blockchain will continue to operate*, as it is a decentralized, proof-of-work network maintained by independent miners. The KDA token and smart contracts will also remain active, with:
- ⛏ Over 566M KDA to be distributed as mining rewards until 2139
- 🔐 83.7M KDA unlocking gradually until November 2029
The team will release a new binary soon to ensure uninterrupted network operation and is encouraging all node operators to upgrade.
This marks a major shift, as Kadena moves toward full community governance and maintenance.
#Kadena #KDA #Crypto #Shutdown #Blockchain
Kadena has officially announced that it is *ceasing all business activity and active maintenance* of the Kadena blockchain effective immediately.
Due to unfavorable market conditions, the team can no longer support or promote the project. A small group will remain temporarily to manage the transition and wind-down process.
However, the *Kadena blockchain will continue to operate*, as it is a decentralized, proof-of-work network maintained by independent miners. The KDA token and smart contracts will also remain active, with:
- ⛏ Over 566M KDA to be distributed as mining rewards until 2139
- 🔐 83.7M KDA unlocking gradually until November 2029
The team will release a new binary soon to ensure uninterrupted network operation and is encouraging all node operators to upgrade.
This marks a major shift, as Kadena moves toward full community governance and maintenance.
#Kadena #KDA #Crypto #Shutdown #Blockchain
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