PANews reported on October 22nd that, according to The Block , the organization behind the public blockchain project Kadena has begun liquidation and ceased all operations and maintenance effective immediately due to unfavorable market conditions. Its PoW chain will continue to operate until miners and maintainers withdraw. KDA is currently trading at approximately $ 0.092 , down over 59% in a single day and a significant drop from its 2021 high of $ 27 . The team stated that approximately 566 million KDA will be distributed as mining rewards until 2139. Kadena was founded in 2019 by Stuart Popejoy and William Martino and has raised approximately $ 15 million in funding.