Kava Network
Name
Kava Network
Summary
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems - Ethereum and Cosmos - into a single, scalable, network.
Kava is creating the best network for Web3 developers with flexible deployment, seamless interoperability, and incredible on-chain incentives.
Kava’s unique co-chain architecture enables connections to all of the world’s most used blockchains, allowing for the free flow of users, assets, and projects into the Kava Ecosystem.
Rating
Symbol
KAVA
Overview
Kava is a cross-chain DeFi platform which supports multiple applications and services for cryptocurrency users. Kava's blockchain provides a safe and secure environment for DeFi apps and services to run.
A decentralized on-chain incentive model will ensure that the best developers and projects are rewarded in every Web3 vertical, including DeFi, GameFi, and NFTs.
The KavaDAO is a fully decentralized autonomous organization (DAO) governing the Kava Network. KAVA stakers and validators secure and run the network; thus, their responsibility is to table and vote on proposals that affect the Kava Network.
Historical Price Movement (in INR)
Technology
Kava is built on Cosmos and uses a Tendermint-based proof-of-stake (POS) consensus mechanism to ensure the integrity of the network.
The Kava Network uses a network of validator nodes for confirming transactions. These validator nodes must put up collateral to take up the duty of validating transactions. If validators misbehave or fail to meet rigorous minimum requirements, their stake will be penalized — thereby incentivizing validators to remain honest and efficient.
The Kava ecosystem has three types of tokens, the KAVA token, the USDX stablecoin and the HARD token where the KAVA token is the native token of the Kava blockchain integral in the security, governance, and mechanical functions of the platform.
Use of Native tokens in the ecosystem:
The Kava Network features a native governance and utility token, KAVA, that can be staked by validators or delegated to validator nodes. Stakers and delegators earn 37.5% of all KAVA emissions as a reward for securing the network. Kava stakers also have voting rights in network governance proposals.
Public and Private sales
46.5%
Token Treasury
28.5%
Kava Labs shareholders
25%
Volume ( as of 25th april 2022)
$221,270,139
Total Supply
186,522,368 KAVA
Circulating Supply
179,100,791 KAVA
Crowd Sales
24/10/2019 - ICO - $3M
Funding
28/02/2022 - Seed Round - $1.2M
Country
United States
Name of Organisation
KAVA LABS INC.
Year Incorporated
2018
Registered Address
8 THE GREEN STE A DOVER DE 19901
Dispute Resolution and Governing Law
United States
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Scott Stuart | CEO | - | 5 yrs |
| Brian K. | Co-Founder | San Francisco State University: Business Administration, Marketing | 12 yrs |
