Kava is cross-chain DEFI platform for cryptoassets.
- What is Kava?
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.
- How was Kava launched?
Kava conducted a first private sale of 30.05% of the total supply on the 15th to 30 June 30th 2019 for $2.25mio.
Kava conducted a second private sale of 5.02% of the total supply on the 15th to 31 July 30th 2019 for $1.26mio.
Kava conducted a third private sale of 4.93% of the total supply on the 15th to 31 August 30th 2019 for $1.97mio.
Kava conducted a Binance Launchpad Sale of 6.52% of the total supply in October 2019 for $3mio.
The Kava Labs Shareholders received 25% of the total supply and the Token Treasury comprise 28.48% of total token supply.
- Who is the team behind Kava?
Kava was founded by Brian Kerr, Ruaridh O’Donnell and Scott Stuart.