Wrapped Kadena (WKDA) price today, chart, market cap & news | CoinGecko

What is wKDA?

First of all, we need to know a little about Kadena itself.

You can find our Help Center article on KDA here. You can also find lots of information on Kadena on the CoinMetro blog!

To help us with this ambitious project with Kadena, we joined forces with Wrapped.

A core initiative of the Kadena team is to connect the network to multiple assets & chains throughout the cryptocurrency space. This is the core idea behind Wrapped Kadena. wKDA opens up access to the Ethereum blockchain and the world of DeFi, and increases exposure for KDA on a massive scale, via its “wrapped” form. Wrapped Kadena is backed 1:1 by it’s underlying asset, KDA.

Because of our close partnership with Kadena, CoinMetro is proud to be the only platform in the world to swap your KDA directly for wKDA, and vice versa. Therefore, CoinMetro is the bridge between Kadena and the ecosystem of decentralized finance on the Ethereum blockchain. This process is quick & easy! Traders can swap for wKDA straight from the account dashboard on the CoinMetro website or mobile app.

How can I get wKDA?

wKDA can be acquired only by swapping KDA using the Dashboard Swap Widget.

For all in-depth information on how to withdraw wKDA from your CoinMetro account, please click here.

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.

Important note - wKDA is an ERC20 token supported on the Ethereum blockchain, so please ensure you withdraw to an ERC20 wallet address.

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