The Kava platform is a decentralized software protocol and native blockchain that uses the Cosmos software development kit framework. It is a reliable infrastructure equipped with cross-chain capabilities, and it is also a system that utilizes multiple currencies and gives users the freedom to lend and borrow assets without a middleman or the usual financial intermediary.More
Kava uses smart contracts, which are essential to users who want to borrow USDX and lock their assets. To make sure that the USDX value retains its U.S. dollar equivalent, a contract is drawn up and this is what’s known as a CDP or Collateralized Debt Position.More
Do you want to buy Kava (KAVA) coins with iDeal or another payment method? At Coinmerce you can buy any cryptocurrency with iDeal, including Kava (KAVA)!More
You want to buy Kava? You can buy Kava using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Kava, use the search function to search for Kava and click on the name. You can indicate for how many euros you want to buy Kava in the right window. Below is shown how much Kava you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Kava when the price of Kava reaches your entered value. You can also execute a repeating order. Do you want to buy Kava with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Kava.
Established in 2018, Kava’s founders are Scott Stuart, Ruaridh O’Donnell, and Brian Kerr. The three actually started working on Kava in 2017 and despite some developments and changes, they have remained with the team, serving product manager, blockchain development lead, and CEO, respectively. The co-founders also established the for-profit Kava Labs, which is intended for the continuing development of the Kava platform. In 2019, the Kava team organized a token sale, which they held on Binance. Selling more or less 6.5% of their available supply, the team collected around $3 million. A year later, in 2020, the network’s decentralized lending platform went live, using Binance Coin (BNB) as collateral for USDX borrowers. By August 2020, the estimated worth of contract-locked Binance Coins was at approximately $24 million. The total value of USDX borrowed was 8 million. KAVA and the USDX-Kava are the Kava network’s two tokens, with KAVA being the native token and USDX functioning as the stablecoin.