Kava (KAVA): A Lightning-Fast Layer-1 Blockchain

Kava is a Cosmos-based blockchain protocol that enables users to borrow and lend crypto assets without the interference of centralized organizations.
By locking digital currencies, Kava participants are allowed to borrow loans in the form of USDX, a cryptocurrency pegged to the US dollar at a 1:1 ratio.
Kava possesses a Cosmos feature called zones to manage its supported crypto assets, providing borrowers with an increasing number of crypto assets, including XRP, BNB, BTC, etc.
Kava was launched by a group of experts with various experiences in finance and blockchain technology, namely Brian Kerr, Ruaridh O'Donnell, and Scott Stuart.
Kava received a total fund of $1.2 million in January 2019 from various investors, including Lemniscap, Digital Asset Capital Management, Coil Technologies, 2020 Ventures, etc.
The KAVA coin was officially introduced in 2019.
In April 2020, Framework Ventures invested $750,000 in Kava, accounting for 3.89% of the total KAVA circulating supply.
With a massive adoption, KAVA hit its All-Time High on Sep 09, 2021.
Kava (Symbol: KAVA) is the utility and governance token that powers the whole Kava ecosystem.
KAVA serves some basic utilities as follows:
Kava consists of three key components to operate:
Deemed a cross-chain decentralized finance (DeFi) platform on Cosmos, Kava offers decentralized leverage and hedging for major cryptocurrencies such as Bitcoin (BTC), XRP, Cosmos (ATOM), and BNB.
Since its launch in 2019, Kava has become the 10th promising project on Binance Launchpad, proving itself a worthy investment in the upcoming future.
At the time of writing, KAVA is currently trading at the price of $1.75, showing a little dumping amid the market volatility.
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