xFutures + Bitsonic: Kadena KDA Future Tokens Launcher on Bitsonic.co.kr - xKDA

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xFutures is now partnered with Bitsonic!

BITSONIC EXCHANGE

Dear Customers,

xFutures is pleased to announce the upcoming planned launch of Kadena's xKDA Future Tokens on our new partner exchange Bitsonic. This launcher event will occur at 10:00 AM KST on Wednesday, December 4th, 2019 on Bitsonic. At this point in time, there will not be a corresponding launcher event directly on xFutures.

CLICK HERE TO CONVERT YOUR TIME 

# xKDA Launching Time in Major Cities
Seoul, South Korea        Wed, 4 Dec 2019 at 10:00 KST     
Hong Kong, Hong Kong      Wed, 4 Dec 2019 at 09:00 HKT     
Hanoi, Vietnam            Wed, 4 Dec 2019 at 08:00 ICT     
Berlin, Germany           Wed, 4 Dec 2019 at 02:00 CEST    
London, United Kingdom    Wed, 4 Dec 2019 at 01:00 BST     
UTC, Time Zone            Wed, 4 Dec 2019 at 01:00 UTC     
New York, USA             Wed, 4 Dec 2019 at 08:00 EST     

Please join the Telegram group to learn more and for the latest updates:

Join the xFutures Telegram Group

Join the Official Bitsonic Korea Telegram Group

Bitsonic users will be able to swap xKDA future tokens for KDA tokens on a 1:1 basis within 7 days of official token unlock by the Kadena project: https://www.kadena.io/, however, best efforts will be made to make the tokens swappable as soon as possible to the planned unlock date of December 17th, 2019 - as stated on their Discord channel.

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The swap will occur via the swap tool at https://swap.xfutures.io/. This article will be updated once the swapping functionality is open after Kadena unlocks tokens.

xKDA Token Contract

0xfb96a8d7F1D7e1D7bce03903E49f45b123501e26

Launcher Details

  • Launcher Event Start Time: 10 AM KST on Wednesday, December 4th, 2019
  • Launcher Event End Time: Upon selling out or 11:59 PM KST on Thursday, December 5th, 2019
  • Available Purchasing Pair: ETH

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Rules

  • Jurisdictions: xFutures and Bitsonic are only open to users from countries where digital asset trading is not forbidden and this list can be found in our Terms of Service

  Reminder

Users need to complete their account verification to participate.

  Risk Warning

Cryptocurrency & Future Token purchases are subject to high market risk. Please make your purchases cautiously. xFutures will make best efforts to choose high-quality coins, but will not be responsible for your losses. Since there are risks that are very specific to Future Token purchases, do NOT purchase xKDA tokens without first reading xFutures FAQ to understand the risks and our entire set of policies.

Kadena Project Info

  Warning

The information below is subject to change based on the project and has been retrieved from the public domain. xFutures is not responsible for the accuracy of the below information and if the project changes terms in the future. Do your own due diligence.

Introduction
  • Kadena is creating a public blockchain using a new consensus mechanism called Chainweb, a parallel chain PoW architecture that combines hundreds or thousands of individually mined peer chains into a single network, capable of achieving throughput in excess of 10,000 transactions per second.
  • Chainweb’s parallel network model maintains security without using side chains or only using specific part of a blockchain to process a large number of transactions. Kadena’s tests found an extremely high level of security with their proposal, which intends to produce roughly 1,000 different chains eventually for public use.
  • Kadena's native smart contract language, Pact, is designed to improve upon Solidity’s common flaws, in particular, its susceptibility to unbounded loops and lack of Formal Verification. Pact smart contracts can also be upgraded at any time without requiring a hard fork.
  • Kadena also built a private blockchain that predates its public smart contract platform. The private blockchain, called ScalableBFT, uses a Byzantine Fault Tolerant (BFT) consensus mechanism and is optimized for enterprise-grade use cases. Since 2018, ScalableBFT has been used by a healthcare consortium to help reduce the effort required to collect and maintain insurance provider information. This private blockchain can be used similar to a side-chain with a public blockchain network (such as Kadena's public platform) to speed up transaction processes and create new marketplaces for data.
Tokens Metrics
  • Supply Detailshttps://coinlist.co/assets/index/kadena_index/Kadena_TokenEconomics_v4-745d8b13a37bedaec3d0531bcaadc62ad5abc4feb37bad6ab023c8886a394a57.pdf
  • Token Use Case: Tokens in Kadena are as simple as, and function in an identical way to, Ethereum. Coins are generated through mining. Existing coins may be:
    • directly transferred between users
    • used for creating new smart contracts
    • used for paying the gas cost of executing smart contracts
  • Fundraising: Kadena has raised $14.9 million to date, with the majority of those funds secured in the form of SAFTs (Simple Agreement for Future Tokens). Not included in this total is the $150,000 grant Kadena received from the Interchain Foundation (the development team behind the Cosmos network) to build a version of Pact that is compatible with the Tendermint protocol. 
    • Kadena has completed a SAFT Round 1 and Round 2. The SAFT Round 1 sold 4.5 million coins at $0.50 per coin in Q4 2017 and the SAFT Round 2 sold 17.2 million coins at $0.75 per coin in Q1 and Q2 2018. 
    • These coins come out of lockup on a monthly basis over a one-year period, starting the month after the network’s public launch. 
Thank you for your support! — xFutures Team & Bitsonic Team
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