Kadena has halted its operations due to unfavorable market conditions and is now transitioning to a model of community governance. This decision comes as the KDA token has experienced a significant decline, trading down 59% following the announcement. The move to community governance indicates a shift in strategy as the company seeks to adapt to the current market landscape. Stakeholders and community members will now play a more active role in the governance and direction of the project. This transition reflects broader challenges within the cryptocurrency market, where many projects face difficulties amid fluctuating token values.
