🚨 The crypto world woke up to shocking news — Kadena (KDA) has officially announced that it’s ceasing all business operations effective immediately.
Let’s break down what’s happening, what it means for holders, and what comes next 👇
🏢 The Official Announcement
Kadena’s core organization confirmed it can no longer continue operations due to unfavorable market conditions.
They’ve informed staff, stopped all active development and marketing, and will keep a small transition team to handle the wind-down process.
📩 For any questions, they’ve directed the community to
[email protected].
🔗 The Blockchain Lives On
Even though the company is shutting down, the Kadena blockchain itself will continue.
Here’s why:
Kadena runs on a decentralized Proof-of-Work (PoW) system.
The network is maintained by independent miners — not the company.
Smart contracts and on-chain protocols will still function, governed by their respective developers.
🧱 Kadena also plans to release a new binary to ensure smooth network operation without company involvement and has encouraged node operators to upgrade soon.
💰 What About the KDA Token?
Despite the shutdown, the KDA token will remain active on the blockchain.
Over 566 million KDA are still set to be distributed as mining rewards until the year 2139.
Around 83.7 million KDA will unlock gradually until November 2029.
The project team is exploring a transition to full community governance in the near future.
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📉 Market Reaction
Following the news, KDA price dropped sharply, shaking both spot and margin traders.
Traders who entered positions before the announcement faced sudden volatility.
For now, sentiment is cautious — investors are watching if the community and miners can keep the network alive without central backing.
$KDA $HANA $BAS
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⚖️ Final Thoughts
While the shutdown is unfortunate, it’s not the death of the Kadena blockchain — just the end of corporate operations.
Still, this marks a major warning for traders: always research team sustainability and financial health behind any crypto project.
Stay safe, stay informed 🧠
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