Kadena Foundation Dies: Blockchain Now Maintained by Cats and Chaos 🐱⚡

by

What to know:

  • The Kadena Foundation has declared bankruptcy due to market conditions and a shocking inability to code. 🤷♂️
  • The blockchain will now be maintained by “independent miners” (i.e., anyone who hasn’t quit yet).
  • KDA’s price plummeted 55%, proving that hope is not a financial strategy. 💸

In the beginning, there was Kadena, a blockchain promising to out-Ethereum Ethereum. Then came the Great Market Crash™, a.k.a. when investors realized “scalability” just means “we’ll fix it in the next funding round.” The Kadena Foundation, now a ghost of its former self, has dissolved like a poorly written smart contract in a hurricane. Their official statement: “We’re done. Good luck, we’re off to build a space colony.” 🪐

The team, now reduced to a single intern holding a coffee cup and a prayer, released a new node binary. It’s like giving a toaster a PhD and hoping it bakes a soufflĂŠ. The blockchain will “continue to operate,” presumably until the sun swallows it. Or maybe forever. Who knows? 🌑

With 566 million KDA tokens still set to reward miners until 2139 (or “the end of time,” depending on who you ask), the network’s future is now a game of cosmic Russian roulette. Will the community save it? Probably not. Will it become a meme coin? Absolutely. 🐸

Founded by ex-JPMorgan engineers who thought “braided architecture” was a hairstyle, Kadena once reached $25 per token. Now it’s a cautionary tale wrapped in a ponzi scheme wrapped in a PowerPoint. The real question isn’t “Will Kadena survive?”-it’s “Why did anyone trust a blockchain named after a Japanese car?” 🚗💨

Read More

2025-10-22 11:25