Looking to make an entry in a Launchpad? In this article we dive into KD Launch, the first decentralized launchpad on the Kadena network.
Before we start, let’s have a quick look at the market conditions as of today.
The bearish sentiment has shown no signs of slowing. BTC continues to drastically decline up to $24k. The same is true for ETH, its price being around $1,200. Generally, almost all the coins are following the same downward spiral.
Obviously, the current market state is quite worrying. To get a complete understanding of the process, you might also visit CoinTelegraph. There is an article about the current inflation and how it is connected to the BTC bear pattern.
Kadena’s current price is $1.37, showing a 12.7% decline. During the week it was quite stable, until June 10 when it made a steep drop.
However, considering a long-term perspective, the coin has been relatively stable. Of course, until BTC crashed.
This platform is a relatively new project. Note, the team is launching their project on their own launchpad.
Apart from that, they have finished a few interesting projects, including Docushield (225,690 $KDA raised with 120,000 $KDA soft cap).
The allocation distribution system is designed in a way that everyone (no matter, big holder or small investor) gets fair share.
Note, that you don’t have to go through the verification process in order to start staking.
You may find more information on the tier system in this Medium article.
The roadmap is quite extensive and detailed.
In case you are interested in KDLaunch, go ahead and DYOR.
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