How does the KAVA token facilitate network security, governance, and growth incentives?

The KAVA token plays a vital role in facilitating the security of the Kava network, governance, and growth incentives.

Here's how the KAVA token fulfills these functions:

• Security The Kava network secures its operations through a proof-of-stake mechanism where KAVA is a core component. The top 100 validating nodes are chosen based on the staking associated with their KAVA tokens.

These validators earn KAVA as block rewards and a portion of the network transaction fees for their services.

To ensure the network's integrity, validators face strict slashing conditions, meaning they risk losing KAVA if they fail to maintain high uptime or engage in double-signing transactions.

• Governance KAVA tokens are used in proposals and voting on critical parameters of the Kava network.

This includes, but is not limited to, decisions related to collateralized assets and decentralized applications (DApps), their debt limits, acceptable assets as collateral for debts, collateral ratios, fees, and the interest rate for various financial instruments introduced to the network.

Furthermore, KAVA tokens are used to vote on proposals that affect the security fund of the Kava network and treasury allocation, such as reward payments for incentive programs.

KavaDAO, a fully decentralized autonomous organization, governs the Kava network, and Kava investors and validators determine how the network operates, what changes should be made, and how to distribute unique developer incentives on-chain.

• Incentives (growth) A portion of KAVA emissions is directly distributed as incentives to expand the network and drive growth.

These incentives are awarded to the best projects on both the Ethereum and Cosmos Co-Chains to encourage usage, enhance competition, and improve the health of the Kava ecosystem.

After the Kava 10 upgrade, the incentive unit distributes KAVA emissions between both chains, where the top 100 protocols on the Ethereum chain receive a proportional distribution of incentives based on their usage metrics and total value locked (TVL). #KamileUrayCommUNITY @kava $KAVA

This innovative and transparent method of incentivizing developers ensures that the top builders in both the Ethereum and Cosmos ecosystems receive rewards for their contributions to the growth of the Kava network.