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⏰ Time Stamps ⏰
2:34 How the Process Works
4:40 Kava Consensus & Tendermint
6:24 Binance IEO & Token Dynamics
7:50 Staking on Kava
8:58 Kava vs. MakerDAO
10:14 Team & Development
11:30 KAVA Markets & Wallets
⛓️ 🔗 Helpful Links 🔗 ⛓️
► Website: https://www.kava.io/
► Whitepaper: https://docsend.com/view/gwbwpc3
► Research Report: https://research.binance.com/projects/kava
► GitHub: https://github.com/kava-labs
► Tendermint Docs: https://tendermint.com/
► Kava Staking Guide: https://medium.com/kava-labs/kava-staking-guide-4894b8452ab3
📱️ Socials 📱
► Official Blog: https://medium.com/kava-labs
► Twitter: https://twitter.com/kava_labs
► Telegram: https://t.me/kavalabs
📝 Project Overview 📝
Kava is a project that offers its users collateralized decentralised loans.
Kava wants to be the de-facto decentralized finance platform. It plans to do this by providing users a lending platform that is compatible with several crypto assets, including BTC, Atom, BNB, and XRP
⚙️ Technology ⚙️
Kava was built on the Cosmos Network and as such it uses the Tendermint core consensus method.
Tendermint uses a Practical Byzantine Fault Tolerance, or PBFT, consensus mechanism for proof of stake tokens.
Through the use of this PBFT protocol, the Kava network can assign new block generation randomly through validators using a multi-round voting process.
The proposed block is then confirmed and completed through a supermajority of validators on the network.
💰️ Token 💰
Kava’s original token sale took place on Binance and followed a lottery and airdrop format.
Of the 100 million tokens in the initial supply, about 6 million of those went to lottery ticket winners, leaving just over 300 thousand tokens in the airdrop pool for non-ticket winners.
Given that this was as a Binance initial exchange offering, the token was originally issued on the Binance Chain as a Bep-2 token. However, in November of 2019 the mainnet was launched on the Cosmos network and it moved away from the Bep-2 standard.
KAVA is a Proof of Stake token. You can earn between 3% and 20% APR, depending on how much is staked in the network. Less staking means higher rewards to encourage staking and vice versa.
There are both inflationary and deflationary forces at Kava. Deflation comes from the burning of CDP stability fees. Inflation comes from the block rewards as well as the “lender of last resort”.
👨💻️ Team, Partners & Development 👨💻
The company behind Kava is Kava labs and the CEO of it is Brian Kerr.
He has entrepreneurial background and he has also been on the advisory board of other crypto and blockchain projects. Other members of the leadership team are experts in their field and offer relatively well-rounded experience to the team.
There are also advisors on the project that have come from projects such as Cosmos and Tendermint.
For development, you had the recent mainnet launch which supported validation, staking, and Kava trading.
Kava’s roadmap has a big year ahead for 2020. In the first half of the year they plan to release the public testnet 4000 with a beta CDP system, then develop cross-chain assets in CDP on the main net.
📈 Trading & Wallets 📈
There is limited exchange support for the KAVA token. This means that you have relatively limited liquidity when you want to buy or sell the token. This also makes price discovery quite hard.
The best exchange for buying & staking Kava at the moment is Binance. For storage, you can use any wallet that supports Cosmos ATOM.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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