Announcement: Reopen On-chain deposit/withdrawal for KAI (Native Token)

Announcement: Reopen On-chain deposit/withdrawal for KAI (Native Token)

To our dear customers,

As announced, after completing maintaining of the withdrawals of KAI On-chain to swap the entire ERC20 KAI to Native Token ((Token on KardiaChain mainnet), VNDC will officially reopen deposit/withdrawal On-chain for this asset, allowing customers to make transaction.

Specifically, from 8 pm on January 20, 2021, VNDC will complete swapping the entire ERC20 KAI to mainnet KAI. Therefore, customers can deposit/withdraw On-chain this asset on VNDC Wallet.

Note:

  • After 7:59 pm on January 20, 2021, VNDC will only accept the KAI Native Token (Token on mainnet of KardiaChain). Therefore, customers who still own KAI ERC20 can deposit to VNDC Wallet to swap to Native Token before that time.
  • Your KAI Token stored on VNDC Wallet has also been automatically swapped and will become a Native Token on KardiaChain’s network.

KardiaChain interoperable mainnet

On December 29, 2020, KardiaChain successfully launched Mainnet 1.0, priding on being the first fully interoperable and non-invasive blockchain platform.

The launch aims at availing the benefits of blockchain to everyone. On the mainnet, one can build Dapps, send transactions, deploy and interact with smart contracts, staking, becoming validators, and being delegators. As it is equipped with non-invasive interoperability, different blockchain networks can connect to KardiaChain regardless of their protocol without any technical changes or reconstructions.

In Mainnet 1.0, KardiaChain started with 20 Genesis Masternodes KardiaChain with a Byzantine Fault Tolerance (BFT) error-resistant consensus mechanism. It can handle 6,000 transactions per second and is currently 10,000 times cheaper to use than Ethereum. Its features include dual master nodes, elastic sharding with incentive mechanism (ESWIM), and smart contract markup language (KSML).

After the successful Mainnet launch, KardiaChain continues to Swap KAI Token from ERC20 to Native Token. The event starts from 7:00 pm on January 7, 2021, to 7:00 am on January 11, 2021. Once completed, all KAI ERC20 tokens will be disabled and reopened on the KardiaChain Blockchain network.

You can read more about KardiaChain’s Token Swap event here.

Matthew A dreamer, an adventure hunter whose life goal is to create big products that help life better. Now, I am building VNDC's products with a dream to become an open financial system for Vietnamese people in the world.
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