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Hive InvestmentsHive Investmentsby0x08Ed752522E6a592e218bf9BD41ea3b66E1A2bBd0x08Ed…2bBd

Kadena (KDA) - Miner Proposal

Voting ended over 3 years agoSucceeded

A unique opportunity has presented to us to gain exposure to a unique investment that could reap incredible returns during the next bull run (whenever it comes!). Kadena (KDA) is a hybrid blockchain consisting of a public chain called Chainweb and a private chain called Kuro, with Pact being the smart contract language to communicate between the two. Chainweb is a proof-of-work consensus mechanism with high throughput while the private chain can process around ~8,000 transactions per second. The ability for users to interact between both networks allows for users to experience some of the benefits of decentralization with the security and speed of a private chain. Currently it sits at rank #90 on CoinMarketCap in terms of market cap, meaning it is an established chain with lots of room for growth.

We have the ability to purchase a series of KDA specific miners that will be operated by a trusted external party (Nuts aka @Cryptodzze, one of our Queen owners!) which will allow us to maintain the network, while gaining KDA in the process. The team and advisors built around KDA are of the highest caliber and are still in their infancy stages, which allows us to be on the ground floors of an up and coming project. Although the risk to reward is healthy, it is important to note that this is not a risk free investment by any means and there is a possibility that the chain may not be successful.

A mining unit currently costs ~ $36,000 and at current prices (~$2.50) it would yield ~$13,500 per year. At the all time high price of $28, we would yield approximately $150,000 per miner.

The investment choices for you to vote on are:

Off-Chain Vote

0 miners
122 Bees34.9%
1 miner
10 Bees2.9%
2 miners
73 Bees20.9%
3 miners
145 Bees41.4%
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Timeline

May 20, 2022Proposal created
May 20, 2022Proposal vote started
May 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated