Review on Kava by Yenkelys Barcenas
Kava, an interoperable project from Cosmos.
Kava is a project that belongs to the group of open source, de-centralized blockchains organized and supported by many digital organizations. It is a smart, interesting and attractive project for those interested in finance. Registered on the DeFi platform, it aims to become the best by providing a decentralized and stable coin lending medium that is compatible with the main existing cryptocurrencies.
This Kava decentralized finance (DeFi) project was built on the Cosmos blockchain, giving users the ability to collateralize BNB to receive their stablecoin, USDX; It works like a traditional fiat bank, in which users earn by the interests that their assets generate in them, in this case, users earn by the return of income from bets on their assets, these will work as loans that generate returns for owners and to this extent will be converted into profit.
This platform offers two types of tokens, the KAVA currency that defines the security of the network and the USDX stablecoin, which can be found in many cryptocurrency wallets thanks to the support of more than 100 validators (Binance, Cosmos, Ripple and others). Its creators refer that Kava's vision is to become a "DeFi center" in the Cosmos center and zone model due to the number of projects it can handle with each other.
Kava ranks 136th on the global cryptocurrency rating with an average daily trading volume of $ 18M with a good market capitalization. Their social networks are kept active and giving detailed reports of what the market happens instantly, in the same way the attention is quite effective through their social networks and emails intended for it. It is a great opportunity that promises a good evolution and could become a great competition for the most popular blockchains that exist.
Pros
- It is an open source blockchain, decentralized, organized and with a very good support.
- It has two tokens available, the native kava and the stablecoinXUSD.
- Its tokens can be managed in multiple wallets.
- Active and very useful social networks.
Cons
- To know when to bet you have to be aware of the platform and its social networks, because it has a limit of users in these processes.
- You need more information and greater disclosure.
