Project Mission

Kava aims to be the de facto DeFi platform by providing a decentralized lending platform and stablecoins compatiblewith major crypto assets.

Project Value Proposition

• Decentralized Loans & Leverage: Kava provides the users of major cryptocurrencies with open access to loans,leverage, and stablecoins for hedging.
• Stablecoin Hedging with Interest: Kava’s USDX stablecoin can be bonded, providing holders of USDX with a yield.
• Extensible Synthetics & Derivatives: Kava is capable of growing to support a wide range of new crypto assetsand offering new synthetics and derivative products.

Token Overview & Use Cases

The Kava platform has two types of tokens, the KAVA token and the USDX stablecoin. The KAVA token is the native tokenof the KAVA blockchain integral in the security, governance and the mechanical functions of the platform.

There are three main use cases for the KAVA token:

1. Security- Blocks are validated by the top 100 nodes by weighted bonded stake in KAVA tokens.Economic incentives for validators come in the form of earning KAVA as block rewards, in transaction fees, andface losing KAVA based on strict slashing conditions such as failing to ensure high up time and double signingtransactions.
2. Governance- KAVA is used for proposals and voting on key parameters of the collateralized debtposition ("CDP") system.

   This includes but is not limited to the global debt limit of the system, types ofsupported collateral, their debt limits, collateral ratio, fees, and the savings rate for USDX.

3. Lender of Last Resort - KAVA functions as a reserve currency in situations where the system isundercollateralized. In such cases new KAVA is minted and used to buy USDX off the market until USDX becomessafely overcollateralized.

There are three main use cases for the USDX token:

• Margin Trading / Leverage - Users that receive USDX from the platform primarily use it topurchase additional crypto effectively leveraging their exposure to crypto assets.
• Hedging with Interest - Traders can hold USDX as a stable asset when seeking to limit exposureto volatile crypto assets. Holders can bond their tokens and receive accumulate interest equal to the currentUSDX savings rate.
• Stablecoin Payments - The quick blocktimes and fast finality of the Kava blockchain enablesUSDX to be used for general payment use cases.

---

Token Supply Distribution

• Private Sale 1tokens comprise 30.05% of total token supply.
• Private Sale 2tokens comprise 5.02% of total token supply.
• Private Sale 3tokens comprise 4.93% of total token supply.
• Binance Launchpad Saletokens comprise 6.52% of total token supply.
• Kava Labs shareholderstokens comprise 25.00% of total token supply.
• Token Treasurytokens comprise 28.48% of total token supply.

Private Sale 1

The Private Sale 1 was conducted from June 15th to June 30th 2019.

Private Sale 2

The Private Sale 2 was conducted from July 15th to July 31st 2019.

Private Sale 3

The Private Sale 3 was conducted from August 15th to August 31st 2019.

Binance Launchpad Sale

Sale will be conducted on Oct 2019 for a total raise of ~$3MM worth of BNB at ~$0.46 per token for 6.52% of totaltoken supply. KAVA/BNB exchange rate will be determined prior to day of sale.