What is KAVA? Introduce details of the 10th project on Binance Launchpad

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After a quiet time Binance has just introduced the 10th project on Binance Launchpad with the name KAVA. Launchpad project this time can revive the trend IEO or will like PERLBAND? Let's find out together Blogtienao .

KAVA Binance Launchpad 10

What is kava?

Kava is a DeFi (Decentralized Finance) platform. To become a decentralized financial platform, they provide a Lending platform and a stable currency compatible with major cryptocurrencies. The platform accepts collateral assets such as BTC, XRP and ATOM.

DeFi Kava platform

How does the Kava platform work?

Users top up their electronic funds into the platform. Cryptocurrencies will be locked as a form of collateral in CDP. Users will get USDX stable money loans based on CDP value. Users pay loans and fees to unlock collateral. Similar to margin, the system will automatically liquidate collateral if the payables fall below the prescribed threshold. After the user has paid the debt, the system will burn USDX and the mortgage will be returned to the user.

How the Kava platform works

KAVA electronic money

What is KAVA token?

This is the original cryptocurrency of the Kava ecosystem.

Kava token

KAVA token use cases

KAVA is used in three main cases:

  1. Security: The blocks are authenticated by 100 nodes. The reward for those running validators is the KAVA token
  2. Administration network: KAVA is used for proposals and voting
  3. Lender of Last Resort: KAVA acts as a "currency" that stabilizes the market price for USDX

To administer the token and how to use the fund

As of October 10, Kava Labs has used about 2019% of the money in the following allocation

  • Platform development: 45%
  • Business and marketing development: 25%
  • Activities: 10%
  • Legal & Accounting: 10%
  • Other: 10%

KAVA token release schedule

The following chart shows the number of KAVA tokens intended to be issued monthly:

Calendar release

KAVA distribution

  • Private Sale 1 (June 15 to June 6, 30): accounting for 6% of total supply
  • Private Sale 2 (June 15 to June 7, 31): accounting for 7% of total supply
  • Private Sale 3 (August 15 to August 8, 31.): Accounts for 8% of total supply
  • Binance Launchpad Sale  accounting for 6,52% of total supply
  • Kava Labs shareholders holds 25,00% of total supply
  • Token Treasury accounting for 28,48% of total supply

Distribute Kava Token

Wallet hosting

You can keep tokens directly on exchanges that support this token (Binance, MXC, ...) or in Trust wallet.

Route of dproject 

Quarter 2/2019:

  • Release MVP of Kava CDP system
  • Public testnet release 1.1
  • Launch of reward program to encourage users to run validation buttons
  • Public testnet release 2000

Quarter 4 / 2019

  • Public testnet release 3000
  • Mainnet launch
  • Release of Beta CDP system
  • Complete vesting on-chain for validator
  • OKEx Pool and Huobi Pool become Kava's new validator

Quarter 1 / 2020

  • Launch of Kava CDP Testnet
  • Bug Bounty released

Quarter 2 / 2020

  • Cross-chain assets in CDP system on mainnet
  • Integrate BTC Peg deposited into testnet of CDP system

Quarter 3 / 2020

  • Integrate both deposited and non-deposited BTC BTC into the mainnet of CDP system

Roadmap

Partners in the ecosystem 

The project has some outstanding partners such as Ripple or Cosmos. In addition, Kava also has some partners:

Partners in the ecosystem

Overview of the development team 

Brian Kerr (CEO): Advisor of Snowball and DMarket.io

Ruaridh O'Donnell (Co-Founder): Former Data Engineer & Analyst at Levelworks, Deep Learning Specialist

Scott Stuart (Co-Founder and Product Manager): Former CEO of Levelworks

In addition, the project also brings together famous industry figures to head various departments.

Transaction data 

Liquidity: KAVA tokens have not been actively traded since the date of this report.

Technical overview 

Top public Github repositories:

  • kava: Blockchain Kava
  • kava: Specifications and research of Blockchain Kava
  • Kava-Testnets: The repository for Kava's public Testnets

Product 

Kava's main product is the Kava CDP platform. Here, users can mortgage electricity money to borrow USDX. To better understand how the system works when the mainnet officially works, see the following diagram:

Activity diagram

Community data 

Kava's community mainly consists of:

  1. Stakers & Validators (Responsible for the security and administration of the platform)
  2. Investor and tradet (User base of the platform)
  3. Application developer

Community and social channels

Telegram (English) | 1.7K Members

Twitter (English) | 3.8K Followers

Medium (English) | 204 Followers

Riot.im (English) | 160 Members

Adviser project 

Sunny Aggarwal | Scientific researchers

Terry Chen | Twine, VP of Engineering

Roderik van der Graaf | Lemniscap, Managing Partner

Rob Leshner | Compound.finance, Founder & CEO

Brian Fabian Crain | Chorus One, Co-founder & CEO

Jack Zampoline | Tendermint, Product Manager

How to own KAVA token?

  1. Join IEO
  2. Buy tokens on listed exchanges
  3. Staking
  4. Join the bounty program
  5. Become a certifier runner

How to profit from KAVA

  1. You can trade or hold tokens on listed exchanges
  2. Staking on Binance to receive an annual profit of 3-20%
  3. Alternatively, you can join lending on Binance. But you have to check constantly to see when the floor support lest you miss.

Should invest in KAVA is not?

First, you need to know that any investment has both risks and opportunities. Therefore Blogtienao It is recommended that you learn carefully and make your own decision, not listen to "soliciting" from any individual.

Details of the KAVA project on Binance Launchpad

Chi tiết bán token KAVA

  • Tên token: Kava(KAVA)
  • Launchpad Hard Cap: 3.000.000 USD
  • Tổng nguồn cung: 100,000,000 KAVA
  • Tổng số token được phân bổ cho Binance Launchpad: 6,521,739 KAVA (6.52% tổng nguồn cung)
  • Giá bán token công khai: 1 KAVA = 0.46 USD (giá bằng BNB sẽ được xác định trước ngày rút thăm xổ số)
  • Định dạng bán token: Xổ số & Airdrop
  • Số lượng vé xổ số trúng thưởng tối đa: 15,000
  • Phân bổ cho mỗi vé trúng thưởng: 200 USD (434.78 KAVA)
  • Tổng số Airdrop: 326,087 KAVA
  • Phiên được hỗ trợ: Chỉ BNB
  • Token ban đầu sẽ được phát hành dưới dạng tài sản BEP2.

Important milestones

  • At 7:00 am, September 23, 09 to 2019:7 am October 00, 23: The balance will be taken daily for 30 days. The average balance photographed daily for 30 days will determine the number of tickets you can receive.
  • At 1:00 pm, October 23, 10: Eligible users can get tickets within 24 hours. Người dùng cũng phải ký Thỏa thuận mua mã thông báo cùng một lúc, trước khi hoàn thành yêu cầu vé. Xin lưu ý rằng người dùng sẽ chỉ có thể yêu cầu vé một lần.
  • At 1:00 pm, October 24, 10: Tickets will be closed and lottery starts.
  • At 3:00 pm, October 24, 10: Vé trúng thưởng được công bố và BNB tương ứng sẽ được khấu trừ từ tài khoản của người dùng chiến thắng. Vui lòng đảm bảo bạn có đủ BNB trong tài khoản để khấu trừ trong vòng 24 giờ nếu bạn có vé trúng thưởng.
  • At 3:00 pm, October 24, 10: After this time, airdrops will be distributed to unsuccessful tickets.

*Note: All times and dates are in Vietnamese time.

Distribution of lottery tickets

Like the previous IEO, this time users will also receive a maximum of 10 tickets. Details in the table below:

Distribution of lottery tickets

Predict the Winning Ratio of Launchpad 10

The market went down, so the number of Binance IEO participants was the highest at 43,600 people to Launchpad 9, only 35,579 participants. Blogtienao predicts this time to drop to 30,000 participants and an average of 5 tickets per person. Participants will have a 10% chance of winning. With a Hardcap of $ 3,000,000, the price of KAVA is very easy, so the price can be x5-x8 compared to the IEO price.

Conclusion

Hope article “What is KAVA? Introducing the 10th project details on Binance Launchpad ” Brings a lot of useful information. I wish you a successful investment!

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