Learn about Kava – the project is having impressive developments

• overview
• Token Kava
• Token Use Case
• The project's development team
• Kava's Ecosystem
• Investor
• Assets on KAVA
• Analysis
• Kava token price
• Evaluate
• Should I buy Kava tokens?

overview 

Kava is a Blockchain built in the Cosmos ecosystem on the basis of Cosmos SDK, like Crypto.com, Terra, Binance Chain… Initially, Kava was just a project on Lending array with Stablecoin USDX, backed by tokens. Popular Crypto Assets like: BTC, ATOM, XRP, BNB…

However, after that, Kava expanded its ecosystem, first developing Kava Lend in September 2020 , then Kavaswap in August 2021 . 

Token Kava

• Token Name: Kava
• Symbol: KAVA
• Blockchain: Kava chain
• Market capitalization: $655,097,332 (January 10, 2022)
• FDV: USD 687,951,430 (January 10, 2022)
• Rank: 118 (January 10, 2022)
• ATH Price: $9.19 (September 9, 2021)
• ATL Price: 0.3 USD (March 13, 2020)
• Circulating supply: 417.417,647 KAVA (95% of total supply)
• KAVA list exchange: Binance, Huobi, Crypto.com, Gate.io…

Figure 1. Kava Token Allocation

For KAVA coin, the detailed token allocation will be as follows:

• Private Sale 1: Allocate 30.05% at the price of 0.075/KAVA (June 15 to June 30, 2019)
• Private Sale 2: Allocate 5.02% at the price of 0.25/KAVA (July 15 to July 31, 2019)
• Private Sale 3: Allocate 4.93% at the price of 0.4/KAVA (August 15 to August 31, 2019)
• Binance LaunchPad sale: 6.52% allocation at 0.46/KAVA
• Kava labs shareholders: Allocation 25%
• Treasury: Allocation 28.48%

Token Use Case

Here are the use cases of Kava tokens:

• Loan
• Administration: KAVA is used for proposals and voting on important system parameters
• Security: Give KAVA to validators

Use cases of USDX:

• Pay
• Hedging with interest
• Margin trading and leverage

The project's development team

For the project, the development team brought together well-known figures and heads of different departments in the industry. These can be mentioned as:

• CEO Brian Kerr: Brian Kerr is the CEO of Kava, and also an advisor for a lending-borrow project developed in AVAX's ecosystem - Snowball. Besides, he is also an advisor of DMarket.io.
• Co-founder Ruaridh O'Donnell: Ruaridh O'Donnell is an engineer and expert in Deep Learning. In addition, he is a co-founder and former engineer and data analyst at Levelworks.
• Co-founder Scott Stuart: Scott Stuart co-founder and head of product. He is also a former CEO of Levelworks. 
• Lead Marketing Stan Press: Stan Press is the Former Head of External Relations at VY Esports and also the Managing Director at Gaming and Digital Strategy in Magid.
• Lead Engineer Kevin Davis: He is a developer of data analytics and software at USDA. 
• Aaron Choi: Sales Manager for Asia. Aaron Choi is the former CEO of GJ Exchange and also the vice president of the foreign affairs department at Chinapex. 

Kava's Ecosystem

As an ecosystem born early on Cosmos, Kava cooperates with projects inside this ecosystem such as Cosmos Hub, Iris Hub, Injectives, Frontier...

Figure 2. Kava Ecosystem

To be able to become a cross-chain DeFi platform, KAVA will need a technology that allows cross-chain connectivity, and an oracle that works on multiple chains to provide multi-chain data, such as cross-chain protocols can only work.

Recently, KAVA announced its integration with IBC (Inter Blockchain Communication), the technology that enables cross-chain interaction being developed by Cosmos and ChainLink. The project is supporting data provision for more than 400 other projects. 

Investor

In January 2019, Kava received an investment of $1.2 million from: Lemniscap, Digital Asset Capital Management, Xpring of Ripple, Coil Technologies, 2020 Ventures, Arrington Capital, Hard Yaka, Robot Ventures, UniValues ​​Associates…

In April 2020, Kava sold between 1-5% of KAVA to Framework Ventures for a total amount of $750,000. It is known that Framework Ventures has advised Kava on the token inflation model, as well as plans to provide continuous technical support to the Kava team.

Assets on KAVA

USDX

This is the main asset on the current KAVA ecosystem, minted by collateralizing other types of assets. And to promote the development of the KAVA ecosystem, the USDX loan interest rate is only 0.5%/year.

Token BEP2

Through BEP2 Bridge, Binance Chain, a chain also in the Cosmos ecosystem. Binance Chain users can switch to KAVA to enjoy massive APY. There are currently over $200 million in BEP2 assets on KAVA.

ETH Bridge, BTC Bridge

It can be seen that there are still many Incentives on KAVA, from which there are needs from other ecosystems that want to switch to KAVA. 

In KAVA's vision of becoming a "MultiChain DeFi Platform", this is very important. The ETH bridge and the BTC bridge will help KAVA reach wider markets. KAVA Protocol and Hard Protocol can support a wider range of mortgages while still being able to lend at low interest rates, creating a competitive advantage.

Analysis

Price of K ava . token

When the Kava (KAVA) DeFi protocol launched in 2019, it was named as one of the most promising projects in the field of decentralized finance. At the time, KAVA was trading at $0.95. However, in September of this year, KAVA hit an all-time high of $14.38.

However, after that, a major correction occurred, causing KAVA to fall into a downward spiral. As of January 19, 2022, this coin is trading at $4.67, down more than 200% from the September high.

However, KAVA still delivers an ROI of 867% since its launch in 2019.

Figure 3. Kava price chart. Source: coinmarketcap.com

Evaluate 

The past two months have seen cryptocurrencies go through a lot of ups and downs. Most coins, including DeFi tokens, have undergone a market-wide correction. Therefore, it is more likely that KAVA will be under upward pressure on the price. But it has actually fallen from this year's all-time high. 

It is very unlikely that we will see the token rally back to those levels in the near term. However, the coin has been consolidating around the $4 level and hence, a short-term rally could emerge. Besides, the demand for DeFi tokens will increase in 2022, which could benefit KAVA. 

Should I buy Kava tokens?

In case you are looking for affordable investments in DeFi, then KAVA is a very good choice. Kava has seen some high winds in recent months. But as the broader crypto market recovers, DeFi tokens will be at the top of the growth list. As a result, KAVA and other major DeFi tokens could see tremendous long-term value. However, the first thing to note is that any investment contains both opportunities and risks. Therefore, the advice for you is to research thoroughly to be able to make the most suitable decisions for yourself.

Please see more information about KAVA here: 

Website | Twitter |  Telegram

From January 20-24, 2022, TraderH4 organizes a mini game "Reading newspapers to find lucky money" with prizes up to 100 USDT. Join now to receive gifts from the team. Refer to the contest information in this article .”

• Is this a sign that China is slowly accepting Bitcoin?
• What are the reasons behind the rise and boom of GameFi apps?