Kava's goal is to be a decentralized global platform for financial services that enables users to earn more with their digital assets anywhere in the world. To accomplish this goal there is the native Kava token of the Kava Blockchain which represents ownership and enables users to have a say in all matters of the Kava platform.
Users need these tokens to vote on critical parameters. These votes are what guide the network’s upgrades. They are also used for proposals and voting on specific parameters of the collateralized debt position (CDP) system.
Anyone can easily earn Kava by using the platform. If you borrow on Kava, you also earn Kava for being a user. You also can stake Kava and earn more which improves the security of the Kava network, making it a safer place for financial applications.
New users have a say in the future of the platform with every block produced on Kava creating better decentralization. Over time as Kava services and demand for them changes, so too will the distribution of Kava tokens, to ensure that the Kava Network remains in the hands of it users. All changes to Kava originate from Kava token holders. By holding Kava any user can vote on proposed changes to the platform, delegate their vote or submit their own proposals for improvements. This allows for platform updates with new assets changes to the system parameters and other new functionality to be added as more users and applications use Kava services.
As the Kava platforms' usage grows, any Kava tokens you earn today and save will represent a larger and larger ownership stake of the platform. This aligns with long-term incentives for all Kava token holders. The Kava token makes the Kava platform possible by ensuring it is safe decentralized and always evolving to meet the needs of its users. It is up to Kava token holders to decide the future of the platform, Kava platform will evolve over time adding new assets and products to achieve the goal of enabling people all around to earn more with their digital assets.
Kava platform - Kava.io is the first cross-chain DeFi hub providing applications and services to the world's largest cryptocurrencies. Kava’s platform operates as a decentralized bank for digital assets, connecting users with products like stable coins, loans, and interest-bearing accounts so that they can do more and earn more with their digital assets.
Kava tokens can be purchased in the exchanges as listed below:
1. Binance Exchange - you can purchase Kava on Binance using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB) instead of cash. Use the link above for a bonus 10% discount.
2 . Crypto.com MCO/CRO - this is a favorite for many reasons, as you can earn interest on a wide variety of coins, as well as apply for a crypto debit card. This operates similar to a pre-paid Visa card, where you top up before use, however, you can choose to top up with cash or crypto. For example, you can transfer Bitcoin (BTC) to the card and spend it like cash, or let it sit in the account and earn interest. Rates of interest on deposits vary from 2% up to 10% or more. New investors may receive up to $50 when using the above link to create a new account.
3. Coinspot- you can purchase Kava on Coinspot. You only need to follow the steps and if you sign up using this link above you will get $10 worth of Bitcoin.