[PRESS RELEASE – Please Read Disclaimer]
Polkaido Exchange will have its native token – Kaido Coin (KAD) launched through an Initial Dex Offering (IDO) in June.
As it stands right now, KAD tokens are developed through the ERC-20 token standard based on Ethereum’s network. It is, however, expected that on December 22nd, 2022, KAIDO will definitively complete the Kaido Chain mainnet and support the transition of KAD to its own network.
KAD is the official token that’s behind the Polkaido Exchange and the KAIDO Smart Chain ecosystem. The latter brings forward an open-source platform designed to propel decentralized applications, unused monetary standards, and contemporary interactive blockchain networks. The KAD-20 standard is built with a breakthrough consensus protocol, and it’s supposedly going to become the first smart contract platform that can confirm transactions within a second while also supporting Ethereum development tools.
Users can use KAD to pay exchange fees, or commonly referred to as transaction fees, when it comes to interacting with a cryptocurrency exchange. Similarly to the model behind Binance Coin (BNB) – users will be able to enjoy decreased expenses when paying their fees with KAD.
Moreover, users will be able to leverage KAD on KadFi – a platform that provides decentralized digital financial services with a primary focus on loans.
They can also make payments with KAD. It’s expected that in January 2022, KAIDO will launch the Polkaido Exchange Card and also the Polkaido Exchange Pay application in overseas markets so that users will be able to use it for traveling purposes such as booking flights and accommodation.
About Polkaido Exchange
Polkaido Exchange is an American company that was originally established in Sunnyvale, California. The founder is Michael Li (CEO), VP of Data at Coinbase (Hiring Data scientists, Machine learning engineers, & Data platform engineers). Juniper Networks owns and operates Polkaido Exchange.