It is now possible to trade Kava cryptocurrency on BLOX. But that’s not all: you can also earn an additional 5% annual return if you close via strike!
In this article we explain what kava is (no, that’s not what we mean????), look at the price and teach you how to achieve a 5% return.
What is Kava:
Kava is a decentralized lending protocol based on the Cosmos network. Kava’s system uses Cosmos to mint its stablecoin USDX when the crypto is deposited as collateral on the platform. Those who deposit cryptocurrencies to support the credit system will be rewarded weekly.
It is a promising crypto project with the potential to change the way we borrow money. It’s still in development, but it’s already different from other projects. The special thing about Kava is that it allows borrowing via different blockchains.
For example, Kava is connected to the Bitcoin and Ethereum blockchains via Cosmos.
The team has a clear vision for the future of Kava and aims to make the platform one of the most popular lending protocols in the world.
Kava price rises 2%
The current price of kava is 0.70 euros. In the last 24 hours, the price of Kava has increased by 2.08%. There are currently 959,194,287 KAVAs in circulation with a total market value of EUR 673 million.
If we zoom out, we see that the price of kava is extremely volatile. This is dangerous, but you can also use it to your advantage.
- last 24 hours: 2.08%
- 7 days: -4.35%
- 1 month: 21.25%
- 3 months: 11.71%
- 6 months: -31.68%
- since January 1: 32.47%
Get 5% return on Kava on BLOX
To receive your kava return, you obviously first need the BLOX crypto app. This Dutch app is available for Android and Apple. If you don’t have a BLOX account yet, you can quickly create one.
The next step is that you need to have kava in your safe. You can easily buy Kava in the app!
Then go to the ‘Earn’ tab. Select “Stake” and check which currency you can bet on. Choose Kava and carefully read the short statement about strike risks! Now you can start betting.
You will receive your return every Monday, you don’t have to do anything.
Would you like to know more about participation, returns and the associated risks? Please check this statement.
Source: BtcDirect
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
