This article analyzes the economic model of Kadena tokens sold on the CoinList platform

Editor's Note: This article comes fromBlock Beats BlockBeats, reprinted by Odaily with authorization.

Editor's Note: This article comes from

Block beats BlockBeats (ID: BlockBeats)

Block Beats BlockBeats

, reprinted by Odaily with authorization.

Consortium chain or public chain? This seems to be a multiple-choice dilemma in the blockchain.

"Children make choices, and adults all want it." Jokes in life, I did not expect to become the best portrayal of Kadena. Unlike projects that only focus on alliance chains or public chains, Kadena combines two sets of solutions , Different enterprises can build different blockchains according to their business needs.

Kadena's Chainweb is a chain network composed of many PoW parallel public chains. To generate blocks, you need to verify the Merkle trees of other parallel chains at the same time. The entangled structure ensures the security of the network. When a public chain encounters a problem, Other chains can make up the load; Kadena's consortium chain adopts the Scalable BFT consensus, theoretically supports 500 nodes up to 8000TPS, it is worth noting that Stuart Popejoy of Kadena's Lianchuang used to be a developer of the JPMorgan Chase blockchain.

Kadena's smart contracts are written in the Pact language, an open-source, formally verifiable, human-readable, Turing-complete language. Pact is designed to be easy for beginning programmers and those without a technical background.

Such a unique project is naturally sought after by a lot of capital. Kadena’s investment institutions include Metastable, SVangel, Multicoin Capital and other well-known currency circle funds. Block Beats reported that Kadena publicly sold its token KDA on CoinList on November 4, so what are the sales rules on CoinList and the distribution of KDA tokens?

According to Kadena's official white paper, KDA is the native token of the Kadena blockchain. Just like the role of ETH 1.0 in Ethereum, KDA is not only a block reward for miners, but also a service fee in the network and fuel for running smart contracts.

The total amount of KDA is 1 billion, of which 700 million are rewarded to miners in the network, 200 million are reserved by the Kadena platform, the remaining 56.7 million are sold to investors, and 43.3 million are used to motivate employees, consultants, partners, etc.

Mining rewards (700 million, 70%)

Kadena is a PoW network that relies on the decentralization of mining to assist in network functionality. Miners can receive block rewards after generating or verifying blocks, and can also obtain KDA transaction fees or smart contract fuel. The largest proportion of Kadena token distribution belongs to miners, and half of the remaining tokens are released every 20 years. It is estimated that there will be a total of about 200 million KDA in circulation in early 2021.

Platform reservation (200 million, 20%)

The Kadena blockchain will reserve some tokens to stabilize the network, develop the ecology, and establish a mechanism similar to Ethereum Gas Station. Kadena said that it will take a long-term view of these tokens and will not unlock them for sale within 2 to 5 years after they go online. out.

Stakeholders (100 million, 10%)

The remaining 100 million tokens of Kadena will be allocated to investors, employees, consultants, partners, etc., of which 5 million KDA is expected to be sold after CoinList, but BlockBeats has not found a sale plan for this part of the tokens. However, we have collected information from Kadena’s previous two rounds of token pre-sales and this CoinList sale.

Two rounds of SAFT pre-sale (21.7 million, 2.17%)

So far, Kadena has completed two rounds of SAFT token pre-sales, raising approximately US$15.15 million. In Q4 of 2017, SAFT sold 4.5 million tokens at a unit price of US$0.5 in the first round. In Q1 and Q2 of 2018, SAFT sold 17.2 million tokens at a unit price of US$0.75 in the second round.

CoinList sale (30 million, 3%)

The Kadena token sale on CoinList is divided into two channels, Non-US and Global.

CoinList Non-US will be provided to buyers in non-US regions. After the purchase, it is similar to IEO. KDA tokens can be traded immediately after the CoinList sale ends. The unit price of KDA tokens purchased through the Non-US channel is 1 USD.