JP Morgan Chase first blockchain project, token name Kadena

JPMorgan Chase's first blockchain project, Kadena, is first listed on the world's most popular cryptocurrency trading platform, Bittrex Global, on June 25 EST, with the first trading partner in BTC and USDT.

Bittrex Global, one of the world's most popular cryptocurrency trading platforms, will be the first cryptocurrency exchange to list tokens on Kadena, a blockchain subsidiary of JPorgan Chase.

The Kadena Token (KDA) finally registered on June 25.He can immediately deposit tokens into Bittrex's KDA wallet, but trading will begin on June 26 at 10:00 a.m. EST.

Initially, KDA had two cryptocurrency markets: Bitcoin (BTC) and US Dollar Securities Currency Tether (USDT).

Bittrex Global cannot do business in the United States and some countries are penalized.

Kadena has benefited a lot from the KDA token listing on Bittrex World.Bittrex is one of the largest cryptocurrency exchanges in the world, with an average daily volume of around $ 37 million in press time.

However, KDA Marketing is not open to all users around the world.Bittrex Global will not be used in the United States or any other penalized country (such as Egypt, Cambodia).

When KDA was first listed, its market capitalization was $ 13 million.

Kadena's KAD token is the native cryptocurrency of Kadena's hybrid blockchain platform. The platform is based on proof of function (PoW) approval. Since Kadena started mining in November 2019, a total of 35 million KDA tokens have been released to date. Kadena Co-Founder and CEO Will Martino said:Around 100 million KDA tokens are expected to be mined next year. The price of Kadena's KDA token depends on supply and demand.

According to the press release, major cryptocurrency tracking sites such as CoinMarketCap and CoinGeckodo have not completed statistical data for the KDA token, but have provided information on historical price movements since The Six. July 2020. Martino pointed out that "poor integration" could be the cause of this problem, and that KDA had a market value of $ 13 million before Bittrex went public. he says:

Since its inception in January, the KDA has been limited to over-the-counter (OTC) trading. KDA was first listed on Bittrex Global. Some unreliable exchanges, such as Hotbit, performed poorly and provided the price information requested by CoinMarketCap and CoinGecko.

Kadena announced a HIPPA-based app to track new lung test results.

In addition to the original app, Kadena launched an open source justice app (dApp) to track and apply new lung diagnostic results. This dApp is intended to provide a secure way to share the benefits of physicians and patients. Kadena said.Kadena's COVID-19 dApp is intended for use on testnet and does not require a KDA token or cryptocurrency wallet.

In addition,Kadena plans to scale its fragmented Layer 1 PoW blockchain from 10 chains to 20 chains.Kadena noted that the expansion process will take place on July 31.

Martino told the Cointelegraph that Kadena has left the Blockchain Center for Excellence at JPMorgan Chase.In 2019, we raised $ 15 million through 3 sales tokens."The results of the symbolic sale of November 2019 have not yet been announced to the public," added the official.