Back to News

Kava 15 Set To Launch On December 7th

Twitter icon  •  Published il y a 4 mois  •  Hassan Maishera

The Kava Network announced via X (formerly Twitter) on Monday that Kava 15 is set to launch on mainnet on December 7th.

The Kava Network announced via X (formerly Twitter) on Monday that Kava 15 is set to launch on mainnet on December 7th. The launch will permanently reduce KAVA inflation to zero on exactly midnight Dec 31st.

This implies that the circulating KAVA supply will be set to the Max Supply KAVA supply. No new KAVA coins can be created. KAVA coins can only be destroyed (burned). All KAVA inflation mechanisms are zeroed or removed from the chain protocol, reinforcing Kava’s commitment to a stable and predictable ecosystem.

Furthermore, the Kava chain operations will migrate to a sustainable model, driven by transaction fees, emissions from native projects, and interim allocations from the Kava Foundation, the team added. 

Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is down by less than 1% in the last 24 hours and is trading at $0.809 at press time. 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.