Kanda Coin - A Hive Engine Token, Review

Kanda Came to my attention through our @spinvest discord, where we discuss and view different project$$.

I started my review by buying 1 HIVE worth of coins.

This should make it easy enough when I re-review the coin to see growth trends and potential.

The buying price was a lot lower than what they were advertising on June 10, which doesn't give a great first impression. However, upon reading their blog posts (which don't seem to be updated on schedule and haven't been updated in weeks) this is ok because they are playing for the long game. Kanda Vision 2025! (They talk about that on one of their posts)

screen shot from their blog

They only issue 240 tokens per day to inflation, which seems like a really low number.

Especially because they give the coin away in their discord by the thousands.

You will have to excuse me as I do not know the difference between "them" "giving it away" or them, "handing it out in tip format."

With 50,024,321.04 total coins, all of which are in circulation, and 62% of those being staked, it seems like you have to buy them or earn them as tips.

The token currently has a 64 HIVE buy wall. Something I like to remember when looking at these smaller buy walls is that the smaller the buy wall is, the easier it is for the project to have exponential growth.

Kanda is a coin meant to buy and sell social advertising

Their website looks like the original steemit, and has what seems like a handful of writers. They also only seem to use a handful of tags:

Three of the tags seem to be African Centric, which makes sense as their banner clearly explains that they are "African Crypto."

They have a few sites that are all connected, but for now it seems like most of the site is a work in progress.

I went to their site: https://telokanda-app.web.app/ and even game them my name and email address only to find out that there wasn't much I could do on their site.

I was confused as to what the point of it is.

It seems to be working towards becoming a site where one can click on ads to earn Kanda tokens.

With a busy discord, a working site to post through, a work in progress site to advertise in, it seems like this coin might have a chance of growing into something

But for now, it seems like investing here is investing in an idea that has no specific follow through, roadmap, or timeline.

If you wish to check out their whitepaper yourself: https://peakd.com/hive-182425/@telokanda/whitepaper-for-the-telokanda-network, here it is linked for you to read.

If you do read it, make sure to come back and tell me more about their 15 month year and their new year celebration coming February 2021. I glanced through that information, but was too distracted trying to figure out how a 15 month year works into the solar system, and what kind of fiscal nightmare my accountant would scream at me over if I presented it to them to figure out what the whitepaper was trying to explain.

What about you? Will you be investing in this project? Does the idea and dream that has been backed by setting up discords, and websites seem appetizing to you?

Posted Using LeoFinance