What is KDA?
KDA is digital currency that is used to pay for compute on the Kadena blockchain.
Last updated
KDA is digital currency that is used to pay for compute on the Kadena blockchain.
Last updated
KDA is a digital currency that is used to pay for compute on the Kadena blockchain. Similar to ETH on Ethereum, KDA on Kadena is the manner by which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block.
Kadena has designed a token economic system that aligns the incentives of all participants. As Kadena is a public blockchain platform, the main allocation of coins is distributed through mining. There is a genesis block with allocations to investors, contributors, and the platform reserve. The rest of the coins are created as mining rewards.
A full text of Kadena’s Token Economic Model is here, and the most recent update here.
The total supply is fixed at 1 billion tokens to be mined over 120 years.
Current circulating supply can be found on the Kadena Block Explorer.
Resources and guides for securing, managing and moving KDA are available here.
