Looks like @kadena_io has pumped a little. But don’t worry they will have a new Pivot by end of year, it’s surely coming. How much higher can this price really go though?
We want to invite @eckoDAO@eckoWALLET to set the record straight on where their funds went? Through private and public sales they amassed $28,000,000+ in funds. Where did that all go? Can you provide receipts? @kadena_io@mherron54 @CarlParkerDev
@giuseppepace89 Can you or someone at ecko then elaborate and set the record straight on where all the $28m+ funds went? Kind of hard to believe that amount of funding was spent in 3 years to develop a dex. Anyone @eckoDAO care to explain?
Institutional Pivot is the theme for the second half of the year at @kadena_io to close out 12m with Mike has CMO.
What will the next Pivot bring and when? Should start a pool maybe. $PIVOT will be there every step of the way.
Looks like Arkade has Pivoted to @AIVoyageSpace leaving users with worthless tokens after raising substantial amounts of funds during IDO and NFT launches. $PIVOT will follow the same approach and successfully Pivot with strategic ventures.
You can say that @KDAMiningClub has Pivoted their business model to create @Chips_KDA but will they also leave their holders hanging? Will @kadena_io help them continuously Pivot? Maybe a Strategic Pivot will work.
As mining is core to any proof of work blockchain, we were deeply saddened to learn of the official closing of @KDAMiningClub, a popular project within the #Kadena ecosystem. Over the last several months, our team has been in communication with the remaining KMC team to help find a sustainable path through their recent adversities of alleged financial mismanagement by their former CEO. Unfortunately, they’ve decided the best option for their business and community members is to liquidate and cease operations.
The remaining KMC team has a plan to rebrand and move their mining vision forward through a new project called Chips. @Chips_KDA has applied for a grant and we are currently evaluating their business plan. While information around this new program will be handled by the Chips team, we are happy to hear they are planning to offer existing KMC NFT holders incentives and discounts to participate in the new offering.
While KMC shutting down its mining operations is certainly something we never expected to happen, our mining ecosystem is still thriving. The shutdown of KMC and their miners on Coastal Crypto occurred a few months ago, which only represents a very small portion of the total miners, and has no impact to our network currently . We will continue to support our mining community and are working to find ways to bring new miners into the Kadena ecosystem.
We genuinely appreciate your understanding and continued support as we work to build a stronger $KDA community together.