Review on KanadeCoin by José A Rodríguez
KanadeCoin: Public Blockchain Without Functioning
Kanade Coin is a blockchain project based on the support of the Ethereum network, which has already marked its token as an ERC-20. This project started with a good cause focused on a type of moto as the company expressed in their public whitepaper. They want users, especially creators to enter the network and start working on it since it seems to be secure, efficient, and practical. In an easy way, it is a type o blockchain with some services created to solve the current status of manufacturing industries through the contribution with financial programs of blockchain projects.
Nevertheless, these projects have not had the outcomes that the company previewed for their releases. It is little known in the market and just a little of users apeak about the platform. This company comes from a team of Japanese enthusiasts, and the project is available just for that zone. The web platform has not received management since the middle of 2019, and during these years anything has changed.
In fact, their roadmap just covers the steps updated until the gear before, and some goals were not reached. Personally, the team has not acted reliably, perhaps, due to low investment, or little possibilities to keep providing support since working with a project partnered to Ethereum means a higher value in payments.
There is certain information available on the platform, although it is not in the English language. The whitepaper of the company is also available, and there some content about their project can be found. The only thing that is known is that it was integrated into two exchange services, but until now they have received just some transactions from it.
Kanade would have become a representative project thanks to the brilliant idea the company had. However, it is now, practically, lost on the internet, and without so much information of the team or how they can be located. It is not reliable to invest in it. I suggest users to do research of it and avoid any type of mixing personal data into the page.
Pros
- The project is partnered to the Ethereum blockchain. The token is already an ERC-20 token.
- The company have a great idea to boost better capital to the manufacturing industries through finances.
Cons
- It is an abandoned project. There has not been a movement in the platform since last year.
- There isn't any type of reliable information about the team or how they can be located in the social media community.
- It is possible it has not become scalable due to low management and investment.
- There is not the volume of the token in the exchanges available to trade the token.
