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Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets (BTC, XRP, BNB, ATOM, etc.). It is supported by over 100+ business entities around the world, including prominent crypto funds and major crypto projects like Ripple and Cosmos. The platform features two tokens: KAVA, a governance and staking token responsible for securing the network and voting on key parameters; and USDX, an algorithmically maintained stablecoin backed by crypto asset collateral.

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Multi-collateral Debt Positions: The Kava platform supports lending against crypto assets from other networks such as BTC, XRP, BNB, and ATOM.

“No Counterparty” Lending: The Kava platform enables users to ‘self-issue’ loans, minting new USDX based on their deposited collateral and destroying USDX when users close out their debt positions.

Algorithmically Maintained Stablecoin: Using price oracles, Kava automatically auctions ‘at-risk’ collateralized debt positions that fall below the required debt-to-collateral ratio in order to maintain the price peg of USDX to USD.

Economically Incentivized Governance: Stakers of the KAVA token earn block rewards and fees paid by users but risk slashing and act as the lender of last resort if the system is not maintained properly.

IEO’s Details


  • IEO Platform:

  • IEO Opening Date:

    Oct 23rd, 2019 6:00 am (UTC)

  • IEO Closing Date:

    Oct 24th, 2019 6:00 am (UTC)


  • Symbol:


  • Blockchain Type:


  • Role of Token:


  • Finance Information

  • Public Sale Hard Cap:

    3 000 000 USD

  • Total Token Supply:

    100 000 000 KAVA

  • Tokens for Public Sale:

    6 521 739 KAVA (6.5217% of total token supply)

  • Public Sale Token Price:

    1 KAVA = 0.46 USD

  • Public Sale Vesting Period:

    No lockup

  • Token Distribution

    Within 15 days after end of token sale

  • Accepted Currencies


  • Token Sale Format


  • Max Number of Winning Lottery Tickets

    15 000

  • Allocation Per Winning Ticket


  • Private Sale Token Price

    1 KAVA = 0.075 USD

  • Private Sale Allocation


  • Private Sale Vesting Period

    1 year cliff with quarterly releases over 2 years

  • Legal Information

  • KYC:



  • Brian Kerr

    Brian Kerr


  • Scott Stuart

    Scott Stuart

    Product Manager

  • Ruaridh O'Donnell

    Ruaridh O'Donnell

    Blockchain Dev Lead

  • Kevin Davis

    Kevin Davis

    Lead Engineer

  • Stan Press

    Stan Press

    Head of Marketing

  • Aaron Choi

    Aaron Choi

    Head of Business Development, Asia


  • Robert Leshner

    Robert Leshner

  • Sunny Aggarwal

    Sunny Aggarwal

  • Terry Chen

    Terry Chen

  • Jack Zampolin

    Jack Zampolin

  • Brian Fabian Crain

    Brian Fabian Crain

  • Roderik van der Graaf

    Roderik van der Graaf

Initial Offering News