Thread by @DeepBlueCrypto

For those of you who are invested in Kadena ($KDA), thinking about investing into $KDA or have heard about it. Here are some key points to look into before you go invest (- WARNING - BE - CAREFUL -)

Y'all might have seen $KDA chart which was quite impressive to say the least.

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Kadena $KDA aims to kill both #Bitcoin and #Ethereum in one shot. It also promises infinite scalability, upgradeable smart contracts which sound too good to be true.

If something sounds too good to be true, it probably is.

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Kadena $KDA has some lesser known investors which is a concern🤔

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Kadena $KDA supports native oracles and decentralized bridges, unparalleled POW security, multi-chain currency and its built with Haskell like Cardano.

Sounds like it promises to kill 99.9% of all projects out there. Sounds too good to be true 🤔

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Kadena $KDA ranked against competing blockchains is painted nothing short of impressive. Sounds too good to be true, it probably is 🤔

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Kadena $KDA has red flags like missing white papers which is a HUGE RED FLAG 🚩

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Kadena $KDA public GitHub seems to have 3 developers which sounds shady scary at best for all the problems this project promises to solve 🤔

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Kadena $KDA scales like a DAG with braiding multiple chains for theoretically unlimited TPS, which sounds fancy and too good to be true. Another red flag IMHO.

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Kadena $KDA promises so minute transaction fees, it's almost impossible for miners to secure this network. If miners abandon this project, its pretty much dead 🤔

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Kadena $KDA token allocations currently are 57.4% allocated to insiders which is quite alarming 🤔

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Overall this project promises everything in the world. It sounds too good to be true, it probably is.

STAY AWAY FROM KADENA $KDA TOKEN

Source: @invest_answers