You can now receive, hold, swap, and tip KAVA tokens via CCTIP.
KAVA Token Details
CCTIP features you can use with KAVA: Receive, Hold, Tip, Play-To-Earn, and Airdrop.
The CCTip Team has successfully completed the addition of the Kava Blockchain network to CCTIP. Users can now swap, hold, tip, airdrop, and play games with KAVA tokens.
Kava network is a Layer-1 blockchain that combines the interoperability of Cosmos with Ethereum’s flexible developer support (the Ethereum’s Virtual Machine). It achieves this with a unique developer-optimized co-chain architecture, combining both ecosystems into a single, scalable network.
What is Kava?
Kava (KAVA) is a DeFi platform that allows users to lend crypto assets without third-party or intermediaries. Kava seeks to beat other DeFi platforms in terms of scalability and interoperability; hence, unlike the majority built on Ethereum, Kava uses the Cosmos network as an underlying platform for its DeFi protocols.
Kava Network is subdivided into three protocols; they include:
Kava Mint: Kava mints a stablecoin, USDX, on the Cosmos Blockchain, which is automatically issued to borrowers after depositing collateral to the protocol. This provides liquidity for protocol users as their assets can remain intact while they trade with borrowed funds.
Kava Lend: Kava Lend works in tandem with the Kava mint protocol; it supplies assets to borrowers, and lenders get KAVA tokens weekly as a reward for supporting the lending protocol. Due to Cosmos’ interoperability, KAVA edges out other lending protocols by accepting collaterals from several blockchains, supporting a much wider range of cryptocurrencies than solely Ethereum-based lending protocols.
Kava Swap: Kava swap allows users to swap tokens at cheaper rates compared to Centralized Exchanges (CEXs); unlike CEXs that operate with order books, Kava facilitates fast and cheap trades via an Automated Market Maker (AMM); hence, users can easily swap tokens from across several chains to satisfy lender conditions while using Kava Lend.
Kava aims to launch a BSC bridge in Q3 2022 and BTC bridge in Q4 2022, facilitating protocol operations with hundreds of tokens on the BNB Smart Chain, as well as the biggest blockchain network. See details in the roadmap.
Kava Core Features
EVM Compatibility: Kava is EVM-compatible, so Ethereum-based developers can easily build dApps on Kava and benefit from the blockchain’s co-chain capabilities.
Interoperability: As a blockchain with Cosmos' underlying infrastructure, Kava easily communicates with other blockchains, allowing unrestrictive access to DeFi activities.
Scalability: Cosmos' tendermint consensus engine facilitates fast and cheap transactions for Proof-of-Stake ecosystems without compromising security or decentralization; this gives Kava a competitive edge over other DeFi protocols.
Inter-Blockchain Communication (IBC): With Cosmos' SDK, Kava can easily incorporate features from other open-source Proof-of-Stake ecosystems, facilitating rapid growth.
The KAVA token is used in Governing the Kava protocol; KAVA stakers can propose and vote on key updates on the Kava network, the Kava Network SAFU, reward payouts, and incentives. The KAVA token is also staked to validate transactions on the Kava network, thereby validating transactions. In addition, it is used to reward lenders on the Kava lending protocol.
CCTIP offers the lowest cross-chain transaction fees:
You can swap KAVA tokens between 200+ cryptocurrencies present on CCTIP. Whether performing a cross-chain swap or an "on-chain swap," CCTip offers the lowest possible transaction fees. You can swap various currencies within your wallet for absolutely free!
KAVA Token Price
CCTIP updates its price charts in real-time, so you can find live updates on the KAVA token via CCTIP Wallet.
CCTip offers the easiest ways to send Tips and Airdrops to your friends or community members using CCTIP Bot via multiple social platforms like Twitter, Discord, and Telegram.
If you want to airdrop KAVA tokens with a touch of fun and thrill, you should immediately explore CCTip's Game Airdrops, where you create one-of-a-kind free games! A new way to airdrop where you play to earn free crypto!
Now send KAVA or choose from 500+ tokens to Tip, Airdrop, or play games with your community!
A group with all true KAVA fans can be regulated using the CCTip DAO. It allows you to set a minimum of KAVA tokens required for a new member to join the telegram/discord group. It is a beneficial tool for crypto start-ups and tokenized communities to engage with their target audience and grow their community.
Think of it as an exclusive group accepting the KAVA community by simply verifying their crypto assets!
We hope you have gained insights and information on our newly listed network – Kava (KAVA), and how you can seamlessly use it with CCTIP services!
Remember that you can receive, hold, tip, or swap KAVA tokens on CCTip.
Now grow your community efficiently and quickly by exploring the various top features offered by CCTIP! Create an instant account now and enjoy cheap transaction fees with many features!
If you have any questions or comments, please leave a comment or join our community for more discussions, tips, and airdrops.