/biz/ - Business & Finance

https://devnet.swap.kaddex.com
Kaddex just released their devnet and started its bug bounty program (still not fully launched yet, but it's the next step after this)
How do we feel about the overall look/feel of the dex?

Kadenasisters, please be honest with me: I got a big bag of KDX tokens in the Kaddex presale earlier this year, before the bear really set in. It seems like they're finally gonna launch now either in July or August. I realize the token price is gonna crash right after launch mainly due to presalers dumping their bags after being stuck with them for over a year. But how bad is it going to be? 1 cent? $0.005? Even less than that? And how long will it take for the token to eventually recover back to 16 cents? My fear is that KDX will go all the way below $0.001 and stay there for like a year or more

And these were the results, according to their new state of the union article:
https://medium.com/kaddex/state-of-the-union-pt-2-c95928cbd419
>To conduct this analysis, we used our own nodes and data sources, fed that through our own queries and measured it up to KYC documentation acquired from Tokensoft.
>We found the following:
>221,583 KDA was sent from kdx-bank that eventually ended up in the public sale contract, attributing to 9,199,830 KDX
>This KDA was distributed to 102 wallets, all of which had completed KYC
>Each one of these accounts have been verified as real individuals that participated in this sale, individually engaged with and funded by kdx-bank or DAO wallets
>Additionally, we used this information to analyze activity around the first sale and found 28.92 ETH and 290,602 USDC, attributing to 2,326,942 KDX, acquired through similar methods
>The result of our findings was largely consistent with what was found in the presented article. This was a careful exercise as we understand the implications of burning and certainly didn’t want to result in anyone losing their purchased tokens. We have also reviewed this data with the KaddexDAO team and confirmed the analysis. As a result of this, the DAO has committed to burning the total amount of 11,526,772 KDX that was purchased through the first and second sales. This process will be conducted at launch and token generation.
Thoughts?