Startup Fortune, October 17, 2020: Emerging blockchain ecosystem Zel Tech and Kadena Network recently announced their business partnership, which will operate through Zel Tech’s newly deployed Flux decentralized computational network, strengthening both projects.
Zel Tech’s ecosystem provides an intuitive, frictionless experience, facilitating cross-chain transactions in a simple and clean interface for users and developers alike. The newly announced partnership will benefit both platforms, enabling Kadena currencies to operate with the Zel network. It will allow them to distribute a monthly allotment of KDA coins to their operators as well as strengthen the network in general.
The initial setup goal is establishing over one hundred Validator Nodes, or parts of the Flux DLT that can operate the distributing software. This will increase the availability of Zel Tech coin as well as Kadena coin in addition to raising investment opportunities for those looking to bolster this emerging business partnership. While the specifics regarding server uptime and $KDA allotments are still developing, the combined ambition and disruptive potential of these cryptocurrency partners bodes well for Operators, investors, and sellers alike.
The long term goals for the partnership include ensuring an ever-increasing minimum number of servers running the Kadena app as well as adding to the base availability of Validator Nodes. This will ensure that Flux can distribute Kadena coin monthly to its Operators and preserve the long term security of both currencies, while rapidly developing their tech stack.
“The Zel Team is looking forward to this opportunity to strengthen both networks and provide a valuable use case for the Flux decentralized computational network. The Kadena Team has been amazing to work with, and we look forward to seeing this disruptive partnership mature,” adds Daniel Keller, CSO of Zel Technologies.
The strength of this partnership can be found in Zel Tech’s and Kadena’s complementary philosophies: each has different decentralized network capabilities but is united by their shared vision of creating a combined more accessible and secure venture into the blockchain realm. The beauty of blockchain technology is that it is inherently collaborative and that each new connection adds to the security and viability of the chain, implying a promising future for the united forces of Zel Tech and Kadena.
More specifics about the distribution will be released as Flux is rolled out including uptime requirements and distribution dates, how to claim, etc.
(Syndicated press content)
