Kava Swap Lists on AscendEX – Press launch Bitcoin News

PRESS RELEASE. AscendEX, a world digital asset trading platform with a complete product suite, is thrilled to announce the itemizing of the Kava Swap token (SWP) beneath the pair USDT/SWP on Aug 31 at 1 p.m. UTC. In celebration of the SWP itemizing, AscendEX will work with the workforce at Kava Swap to launch two limited-time promotional occasions, happening from Aug. 31, 1:00 a.m. UTC to Sept. 7, 12:00 a.m. UTC. By finishing duties and executing trades, customers can be given the possibility to share pooled rewards price as much as 90,000 USDT!

Kava is targeted on democratizing monetary providers and making them brazenly accessible to anybody, anyplace on this planet. Kava Chain is a decentralized, permissionless, censorship-resistant blockchain constructed with the Cosmos SDK. This means it operates very similar to different Cosmos ecosystem blockchains, and is designed to be interoperable with different chains.

Kava.io is the primary cross-chain Decentralized Finance (DeFi) hub offering functions and providers to the world’s largest cryptocurrencies. Kava’s platform operates as a decentralized financial institution for digital property connecting customers with merchandise like stablecoins, loans, and interest-bearing accounts in order that they’ll do extra and earn extra with their digital property. For instance, sers can deposit their digital property and use them as collateral to borrow Kava’s crypto-backed stablecoin, USDX. The native swap token (SWP), launching Monday Aug. 30, permits customers to swap and have interaction with a number of property throughout completely different chains.

Kava Swap is a cross-chain liquidity hub for all DeFi apps and monetary providers. Its objective is to allow the aggregation of capital the place it may well then be deployed seamlessly throughout completely different blockchain ecosystems, DeFi apps, and monetary providers. At its core, Kava Swap is a cross-chain Autonomous Market Making (AMM) Protocol that leverages the Kava platform’s DeFi infrastructure, cross-chain bridges, and safety. Kava Swap delivers customers a seamless option to swap between property of various blockchains and deploy their capital into market-making swimming pools the place they’ll earn good-looking returns.

The Kava Protocol is the algorithm and behaviors constructed into the Kava Chain that allows superior DeFi performance like permissionless borrowing and lending. Like most Cosmos ecosystem blockchains, the automated transaction behaviors often known as “Smart Contracts” are hardcoded into the protocol. They are known as “modules” within the Cosmos Ecosystem. The Kava App makes use of a particular type of module referred to as a CDP. Hard Protocol is an utility that runs on Kava Chain. It doesn’t have its personal blockchain. It builds upon the Kava Protocol and provides new performance, increasing the Kava Ecosystem to incorporate an autonomous cash market protocol.

The HARD token is a novel token on the Kava Chain. It is given as a reward for supplying and borrowing on the Hard app. KAVA, the native token of the KAVA protocol, is used as a Proof of Stake (POS) staking asset, which ensures the finality and security of loans on the protocol and in addition acts because the ‘lender of last resort’ in sure conditions. The Kava Chain is secured by its native token KAVA and it’s used throughout the total chain as a transport and a retailer of worth. It is given as a reward for minting USDX on the Kava app. USDX is a secure coin loosely pegged to the US Dollar. It is minted when a Kava CDP is opened. KAVA, SWP and HARD are all governance tokens, which means holders can vote on the foundations and proposed new options of the protocols.

About AscendEX

AscendEX is a world cryptocurrency monetary platform with a complete product suite together with spot, margin, and futures trading, wallet providers, and staking assist for over 150 blockchain initiatives similar to bitcoin, ether, and ripple. Launched in 2018, AscendEX providers over 1 million retail and institutional shoppers globally with a extremely liquid trading platform and safe custody options. AscendEX has emerged as a number one platform by ROI on its “initial exchange offerings” by supporting a number of the trade’s most modern initiatives from the DeFi ecosystem similar to Thorchain, xDai Stake, and Serum. AscendEX customers obtain unique entry to token airdrops and the power to buy tokens on the earliest potential stage. To be taught extra about how AscendEX is leveraging greatest practices from each Wall Street and the cryptocurrency ecosystem to convey the most effective altcoins to its customers, please go to www.AscendEX.com.

For extra data and updates, please go to:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Kava Swap

Kava Labs is targeted on democratizing monetary providers and making them brazenly accessible to anybody, anyplace on this planet. Kava is the primary cross-chain Decentralized Finance (DeFi) hub offering functions and providers to the world’s largest cryptocurrencies. Kava’s platform operates as a decentralized financial institution for digital property connecting customers with merchandise like stablecoins, loans, and interest-bearing accounts in order that they’ll do extra and earn extra with their digital property.

For extra data and updates, please go to:

Website: https://www.kava.io/

Twitter: https://twitter.com/Kava_Swap

Telegram: https://t.me/KavaSwap

Medium: https://medium.com/kava-labs

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