Kava Labs’ KAVA token will be another digital asset launched on the Binance Launchpad platform for initial public offering (IEO).
The launch of KAVA is scheduled for October 23. More than 326 thousand tokens (worth about 150 thousand dollars) out of a total of one hundred million will be distributed through airdrop (free distribution). KAVA’s public sale price is $ 0.46.
The company expects the token to be very popular due to “Binance’s reputation, as well as the internal nature of KAVA and the blockchain on which it works.”
According to statistics, tokens launched on the Binance Launchpad are more successful and have higher ROIs than coins sold through IEO on other exchanges such as Kucoin, OKEx, Huobi or Gate.io.
The first major development of Kava Labs, which attracted the attention of the crypto space, was the Switch application for instant secure cryptocurrency exchange. The company is also developing its own stablecoin with Ripple XRP support and a new PoS chain with full access to DeFi.