Review on Kava by Toprak Dere
About Kava
In this article, we will present information about KAVA Coin, which is the center of attention for those who want to earn passive income by minimizing the risk. In this article, we will seek answers to the disadvantages, advantages, comments made for it, and how to buy KAVA Coin, which analysts stated that it will keep price volatility ahead in 2021.
KAVA Coin is known as the native token of the Kava platform designed for DeFi applications. While the Kava platform works as a decentralized financial project, it can be traded with KAVA coin. KAVA Coin is used in staking, lending and insuring decentralized financial transactions.
KAVA Coin is among the altcoins with a bright future. Because analysts think that altcoins that can work in harmony with DeFi systems will gain 100x in 5 years. Many analysts think that KAVA Coin will experience the moments of price volatility in 2021.
The biggest advantage of KAVA Coin is that it offers investors a model that can be used in short-term trading. KAVA Coin is listed on quite a lot of crypto money exchanges. The liquidity levels of each of them are different. Therefore, KAVA Coin can take place at different price levels in each exchange. The investor gets the advantage of taking the KAVA Coin from the stock exchange where the price is low and to enter into short-term trading on selling it on an exchange with a higher price.
Result
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KAVA Coin is a subcoin that is expected to increase in popularity in the next 5 years. Thanks to its compatibility with the DeFi sector, it started to be in the center of attention of the investors. The future price chart of the altcoin, which is expected to be used more in lending transactions, is a matter of curiosity.
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Pros
- KAVA Coin offers the advantages of obtaining passive income, gaining interest hook by giving loans. It provides the opportunity to protect the balance from the attacks that may occur on the network by storing in the offline models of crypto money wallets. In inter-wallet transfers, it provides the advantages of 24/7 cross-border shipping and low cost payment.
Cons
- During my research for this article, it was understood to me that the details about the project, its founders and consultants were insufficient at best. The website contains very little information and the whitepaper is a little better. The project claims to have existed since 2017, but before the announcement of the Binance IEO, almost nothing.
