#KavaBNBChainSummer
What is $KAVA ?
$KAVA is the native token of the Kava Network, a decentralized Layer-1 blockchain built with the Cosmos SDK and supporting Ethereum smart contracts (EVM).
Use cases of $KAVA :
Staking & Security – Validators stake KAVA to secure the network.
Governance – Holders vote on protocol upgrades and parameters.
Gas Fees – Used to pay transaction and smart contract execution costs.
Incentives – Powers the Kava Rise program, rewarding developers for deploying dApps.
Kava is often described as a “co-chain architecture” blockchain since it combines Cosmos’s scalability with Ethereum’s developer ecosystem.
