Kava is a decentralized finance (DeFi) platform that offers a suite of financial services, including loans, stablecoins, and interest-bearing accounts, all on the blockchain. Built on the Cosmos network, Kava seeks to provide users with the benefits of cross-chain assets, allowing for a broader range of collateral than most traditional Ethereum-based DeFi platforms. The native cryptocurrency of the Kava platform is the KAVA token, which is used for governance, staking, and various other functions within the ecosystem.
The Kava project began with the vision of bringing together the fragmented world of cryptocurrencies, allowing assets from various blockchains to be used in a unified DeFi ecosystem. By leveraging the interoperability features of the Cosmos network, Kava has positioned itself as a hub for cross-chain financial applications.
Kava Launches $185M Fund to Onboard New Projects in September 22,2021.
Currently,Stargate Deploys to Kava Chain Unifying Cosmos-Ethereum Liquidity Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Kava (KAVA) and review the project details below.
What is the allocation for Kava (KAVA)?
The initial distribution of Kava (KAVA) tokens is as follows:
- 6.52% is allocated to Public Sale:6.52%
- 4.93% is allocated to Extended Validator Sale
- 5.02% is allocated to Validator Sale Round 2
- 30.05% is allocated to Validator Sale Round 1
- 25% is allocated to Kava Labs Shareholders
- 28.48% is allocated to Token Treasury
What is the supply schedule for Kava (KAVA)?
All KAVA tokens, with a total supply of 833,744,448 KAVA, have been unlocked. Kava's proof-of-stake consensus mechanism issues tokens to incentivize validators to maintain network security. A portion of these issued tokens is also dedicated to initiatives like Kava Rise, aimed at furthering the decentralization, security, and stability of the Kava ecosystem.
Kava is a decentralized finance (DeFi) platform that offers a suite of financial services, including loans, stablecoins, and interest-bearing accounts, all on the blockchain. Built on the Cosmos network, Kava seeks to provide users with the benefits of cross-chain assets, allowing for a broader range of collateral than most traditional Ethereum-based DeFi platforms. The native cryptocurrency of the Kava platform is the KAVA token, which is used for governance, staking, and various other functions within the ecosystem.
The Kava project began with the vision of bringing together the fragmented world of cryptocurrencies, allowing assets from various blockchains to be used in a unified DeFi ecosystem. By leveraging the interoperability features of the Cosmos network, Kava has positioned itself as a hub for cross-chain financial applications.
Kava Launches $185M Fund to Onboard New Projects in September 22,2021.
Currently,Stargate Deploys to Kava Chain Unifying Cosmos-Ethereum Liquidity Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond.
Above are only for introduction, not intended as investment advice.