Kava Price (KAVA)

KAVA tokens are mainly used to reward users on the Kava platform who mint the stablecoin USDX. They're also used as collateral for USDX, ensuring its stability. If the value of KAVA collateral drops, more KAVA tokens need to be added to keep USDX stable. Plus, KAVA is essential for governance, allowing holders to vote on rules and policies that shape the ecosystem.

Kava runs on a co-chain Layer-1 blockchain, blending Cosmos and Ethereum's architectures. It uses the Cosmos Tendermint Proof-of-Stake (PoS) consensus for network settlement and finality. This enables the co-chain setup, allowing users to swap assets and engage in crypto lending and borrowing, all while maintaining security and efficiency.

Kava was co-founded by Brian Kerr, Ruaridh O'Donnel, and Scott Stuart in 2018. The KAVA token launched in 2019, and the Kava platform followed in 2020. All three founders have strong business leadership backgrounds.

KAVA is an inflationary token, meaning it doesn't have a fixed maximum supply. As of now, the circulating supply is 405,613,992 KAVA tokens. Initially, 100 million KAVA tokens were issued through three private sale rounds on the Binance Launchpad when the token launched.

Kava stands out by bridging assets across multiple blockchains, including Ethereum, Cosmos, and BNB Smart Chain, using the same EVM network infrastructure. Its co-chain architecture allows for seamless crypto swapping, borrowing, and lending, supporting over 30 different assets. This flexibility, combined with fast transaction settlement, makes Kava an attractive option for those looking for simple and efficient crypto finance solutions.

You can buy KAVA directly on EXMON using a debit or credit card. It’s also available for trading with other cryptocurrencies on the exchange. The live KAVA price updates in real-time on EXMON, and for more details, check out the How to Buy Kava (KAVA) Guide.

For future price predictions, check out the KAVA Token Price Prediction page. Keep in mind that the data displayed is based on user input and not EXMON's opinion, so it's good to do your own research before setting any price targets.