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.
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.
Oct 23rd, 2019 6:00 am (UTC)
Oct 24th, 2019 6:00 am (UTC)
3 000 000 USD
100 000 000 KAVA
6 521 739 KAVA (6.5217% of total token supply)
1 KAVA = 0.46 USD
Within 15 days after end of token sale
1 KAVA = 0.075 USD
1 year cliff with quarterly releases over 2 years
Blockchain Dev Lead
Head of Marketing
Head of Business Development, Asia
FC Barcelona has joined teh wor of sports clubs that launched their own tokens. It has managed to beat its own expectations, concluding its $BAR token sale in under 2 hours from the initial 48 hours planned.
The tokens that represent a limited-edition 2015 Ferrari F12 TDF will now be available to European investors.
Digital asset early investors are to get relief from the risks associated with traditional ICO, STO and also IEO as emerging DYCO (Dynamic Coin Offering) has become a better alternative framework for crowdfunding.