Fun

Kava Swap Lists on AscendEX

News Feed - 2021-08-31 06:08:43

Kava Swap Lists on AscendEX press release


PRESS RELEASE. AscendEX, a global digital asset trading platform with a comprehensive product suite , is thrilled to announce the listing of the Kava Swap token (SWP) under the pair USDT/SWPon Aug 31 at 1 p.m. UTC. In celebration of the SWP listing, AscendEX will work with the team at Kava Swap to launch two limited-time promotional events, taking place from Aug. 31, 1:00 a.m. UTC to Sept. 7, 12:00 a.m. UTC. By completing tasks and executing trades, users will be given the chance to share pooled rewards worth up to 90,000 USDT!


Kavais focused on democratizing financial services and making them openly accessible to anyone, anywhere in the world. Kava Chain is a decentralized, permissionless, censorship-resistant blockchain built with the Cosmos SDK. This means it operates much like other Cosmos ecosystem blockchains, and is designed to be interoperable with other chains.


Kava.io is the first cross-chain Decentralized Finance (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 stablecoins, loans, and interest-bearing accounts so that they can do more and earn more with their digital assets. For example, sers can deposit their digital assets and use them as collateral to borrow Kava’s crypto-backed stablecoin, USDX. The native swap token (SWP), launching Monday Aug. 30, allows users to swap and engage with multiple assets across different chains.


Kava Swap is a cross-chain liquidity hub for all DeFi apps and financial services. Its purpose is to enable the aggregation of capital where it can then be deployed seamlessly across different blockchain ecosystems, DeFi apps, and financial services. 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 security. Kava Swap delivers users a seamless way to swap between assets of different blockchains and deploy their capital into market-making pools where they can earn handsome returns.


The Kava Protocol is the set of rules and behaviors built into the Kava Chain that enables advanced DeFi functionality like permissionless borrowing and lending. Like most Cosmos ecosystem blockchains, the automated transaction behaviors known as “Smart Contracts” are hardcoded into the protocol. They are referred to as “modules” in the Cosmos Ecosystem. The Kava App uses a special kind of module called a CDP. Hard Protocol is an application that runs on Kava Chain. It does not have its own blockchain. It builds upon the Kava Protocol and adds new functionality, expanding the Kava Ecosystem to include an autonomous money market protocol.


The HARD token is a unique 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 safety of loans on the protocol and also acts as the ‘lender of last resort’ in certain situations. The Kava Chain is secured by its native token KAVA and it is used across the full chain as a transport and a store of value. It is given as a reward for minting USDX on the Kava app. USDX is a stable coin loosely pegged to the US Dollar. It is minted when a Kava CDP is opened. KAVA, SWP and HARD are all governance tokens, meaning holders can vote on the rules and proposed new features of the protocols.


 


About AscendEX


AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and stakingsupport for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.


 


For more information and updates, please visit:


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 focused on democratizing financial services and making them openly accessible to anyone, anywhere in the world. Kava is the first cross-chain Decentralized Finance (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 stablecoins, loans, and interest-bearing accounts so that they can do more and earn more with their digital assets.


 


For more information and updates, please visit:


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


Twitter: https://twitter.com/Kava_Swap


Telegram: https://t.me/KavaSwap


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


 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The Largest Art Museum in the World Partners With Binance to Auction Leonardo Da Vinci, Claude Monet NFTs BLOCKCHAIN | 1 hour ago Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes BLOCKCHAIN | 3 hours ago Tags in this story AscendEx, Kava Swap


Image Credits: Shutterstock, Pixabay, Wiki Commons

News Feed

Arijit Sarkar47 minutes agoBitcoin Lightning on Coinbase agenda, Brian Armstrong tells Jack DorseyArmstrong confirmed that Coinbase was looking into adding support for the Bitcoin Lightning Network and reassured its supp
Solana Horizontal Support Under Pressure – Bearish Target At $142
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron Network
ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron NetworkA recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $1
Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar
Este artículo también está disponible en español. Recent developments suggest that crypto investors looking to catch the next quick 5x should be keeping an eye on the Dog
India’s Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech
India"s Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech India’s prime minister, Narendra Modi, says an Indian central bank digital
Elisha Owusu Akyaw11 hours agoHashing It Out: Roofstock onChain vice president explains how Web3 and real estate interactSanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide
Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink?
Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink?The Polkadot token, which recently underwent a redenomination, has seen its value more than double in les
XRP Reaches 6-Year High – Whales And STH Accumulate Together
Este artículo también está disponible en español. XRP has soared to a remarkable $2.49, marking its highest market value since January 8, 2018. This impressive milestone
Bitcoin Fog crypto mixer founder guilty of money laundering, jury finds
Felix Ng8 hours agoBitcoin Fog crypto mixer founder guilty of money laundering, jury findsRoman Sterlingov is the latest to fall to a U.S. government crackdown on illicit crypto-mixing services, but his lawyers aren’t
AI Act and stablecoin regulations in the EU, 30% crypto mining tax in the US: Law Decoded
David Attlee4 hours agoAI Act and stablecoin regulations in the EU, 30% crypto mining tax in the US: Law DecodedThe European Parliament granted final approval to the European Union’s artificial intelligence law, one of
Savannah Fortis10 hours agoChamp Medici talks Web3 communities, NFTs, music and gamingEntrepreneur and the son of legendary rapper Snoop Dogg, Cordell Broadus (Champ Medici), explains what it takes to bring legacy artist
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628)