To accelerate the creation and adoption of USDX, the Kava lending platform investors and community have just passed a vote creating a Growth Fund offering millions of USD value to fund USDX minters. BNB holders are the first group of USDX minters to receive these Kava Growth Funds in a recurring weekly activity called #CryptoPayDay.
Kava has chosen Binance Chain’s native cryptocurrency (BNB) as the first collateral asset in its DeFi platform. The Kava community has also voted to allocate 3,848,000 KAVA from the User Growth Fund to BNB holders. Kava wants to reward you for your valuable contribution to the platform! That’s why Kava is announcing #CryptoPayDay where every Wednesday at 14:00 UTC USDX minters will earn 74,000 KAVA. The rewards will be automatically distributed each week.
BNB holders will now earn the most money with the highest yield available on the market today over anywhere else with Kava. To sweeten the deal, Kava is throwing in a (testnet) USDX Minter rewards program that’s starting today, for a limited time only. Kava is showing up in a big way to shower the entire Binance community of BNB holders with rewards and incentives. Here’s how you can participate.
In anticipation of the Kava CDP mainnet launch, we’re hosting a giveaway of 2,000 KAVA. The first Giveaway will take place on Twitter as a series of Giveaways so that you can start earning now.
To qualify for the 2,000 KAVA giveaway, and start minting on the Kava testnet, we put together a tutorial on how to mint USDX on both Cosmostation and Frontier Wallets. Read our tutorials for a step by step explainer on how you can put your BNB to work and enter for a chance to win. This is also an opportunity where you’ll automatically enter the Minter Leaderboard to compete for 74,000 KAVA each Wednesday until 3,848,000 KAVA is rewarded.
The Testnet Giveaway will commence as a kickoff to spread the word about Kava’s upcoming #CryptoPayDay. Three winners collectively will have a chance to win 2,000 KAVA starting the end of May. Early June, 36 times that will be up for grabs with the (mainnet) #CryptoPayDay incentives launch where the top minters will receive 74,000 KAVA every Wednesday at 1400 UTC until finally, 3,848,000 KAVA in total rewards are distributed to BNB holders.
Trust Wallet, Binance’s official wallet, through Frontier wallet will seamlessly connect the Kava platform and Trust for Kava’s mainnet #CryptoPayDays.
While every Wednesday at 14:00 UTC the top Mainnet USDX Minters will be paid 74,000 KAVA, Mainnet Minting doesn’t start until the end of May so that by early June you’ll earn your CryptoPayday.
So what are you waiting for? If you don’t have the apps already, download them to start minting with Cosmostation and Frontier so that you can enter in a chance to win!
To show you who is competing to earn the most, Kava is announcing its Minter Leaderboard where you’ll see the top #CryptoPayDay winners. Finally, Kava will shower BNB holders with even more value and money simply by interacting with Kava’s tweets. Be sure to follow Kava on Twitter if you don’t already.
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Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making investment decisions.
