Kava

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PRESS RELEASE. AscendEX, a global digital asset trading platform with a comprehensive product suite, is thrilled to announce the listing of the Kava Swap token (SWP) under the pair USDT/SWP on Aug 31 at 1 p.m. UTC. In celebration of the SWP listing, AscendEX will work with the team at Kava Swap to launch two limited-time promotional events, taking place from Aug. 31, 1:00 a.m. UTC to Sept. 7, 12:00 a.m. UTC. By completing tasks and executing trades, users will be given the chance to share pooled rewards worth up to 90,000 USDT!
Kava is focused on democratizing financial services and making them openly accessible to anyone, anywhere in the world. Kava Chain is a decentralized, permissionless, censorship-resistant blockchain built with the Cosmos SDK. This means it operates much like other Cosmos ecosystem blockchains, and is designed to be interoperable with other chains. 
Kava.io is the first cross-chain Decentralized Finance (DeFi) hub providing applications and services to the world’s largest cryptocurrencies. Kava’s platform operates as a decentralized bank for digital assets connecting users with products like stablecoins, loans, and interest-bearing accounts so that they can do more and earn more with their digital assets. For example, sers can deposit their digital assets and use them as collateral to borrow Kava’s crypto-backed stablecoin, USDX. The native swap token (SWP), launching Monday Aug. 30, allows users to swap and engage with multiple assets across different chains.
Kava Swap is a cross-chain liquidity hub for all DeFi apps and financial services. Its purpose is to enable the aggregation of capital where it can then be deployed seamlessly across different blockchain ecosystems, DeFi apps, and financial services. At its core, Kava Swap is a cross-chain Autonomous Market Making (AMM) Protocol that leverages the Kava platform’s DeFi infrastructure, cross-chain bridges, and security. Kava Swap delivers users a seamless way to swap between assets of different blockchains and deploy their capital into market-making pools where they can earn handsome returns.
The Kava Protocol is the set of rules and behaviors built into the Kava Chain that enables advanced DeFi functionality like permissionless borrowing and lending. Like most Cosmos ecosystem blockchains, the automated transaction behaviors known as “Smart Contracts” are hardcoded into the protocol. They are referred to as “modules” in the Cosmos Ecosystem. The Kava App uses a special kind of module called a CDP. Hard Protocol is an application that runs on Kava Chain. It does not have its own blockchain. It builds upon the Kava Protocol and adds new functionality, expanding the Kava Ecosystem to include an autonomous money market protocol. 
The HARD token is a unique token on the Kava Chain. It is given as a reward for supplying and borrowing on the Hard app. KAVA, the native token of the KAVA protocol, is used as a Proof of Stake (POS) staking asset, which ensures the finality and safety of loans on the protocol and also acts as the ‘lender of last resort’ in certain situations. The Kava Chain is secured by its native token KAVA and it is used across the full chain as a transport and a store of value. It is given as a reward for minting USDX on the Kava app. USDX is a stable coin loosely pegged to the US Dollar. It is minted when a Kava CDP is opened. KAVA, SWP and HARD are all governance tokens, meaning holders can vote on the rules and proposed new features of the protocols. 
 
About AscendEX 
AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.
 
For more information and updates, please visit:
Website: https://ascendex.com
Twitter: https://twitter.com/AscendEX_Global
Telegram: https://t.me/AscendEXEnglish
Medium: https://medium.com/ascendex
 
About Kava Swap
Kava Labs is focused on democratizing financial services and making them openly accessible to anyone, anywhere in the world. Kava is the first cross-chain Decentralized Finance (DeFi) hub providing applications and services to the world’s largest cryptocurrencies. Kava’s platform operates as a decentralized bank for digital assets connecting users with products like stablecoins, loans, and interest-bearing accounts so that they can do more and earn more with their digital assets.
 
For more information and updates, please visit:
Website: https://www.kava.io/
Twitter: https://twitter.com/Kava_Swap
Telegram: https://t.me/KavaSwap
Medium: https://medium.com/kava-labs
 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



























PRESS RELEASE. AscendEX, a global digital asset trading platform with a comprehensive product suite, is thrilled to announce the listing of the Kava Swap token (SWP) under the pair USDT/SWP on Aug 31 at 1 p.m. UTC. In celebration of the SWP listing, AscendEX will work with the team at Kava Swap t...

news.bitcoin.com

Kava Swap Lists on AscendEX

  Terra (LUNA) broke out from a descending resistance line and reached a new all-time high on Aug. 24.
Swipe (SXP) is making an attempt at breaking out above the $4.13 resistance area.
Kava.io (KAVA) reached a new all-time high on Aug. 22.
LUNA
LUNA has been moving upwards at an accelerated pace since creating a higher low on July 20. It broke out from a descending resistance line on Aug. 2 and further accelerated its rate of increase. 
On Aug. 19, it reached a then all-time high price of $33.5. The high was made right at the 1.61 external Fib retracement level and eventually created a shooting star candlestick. 
While this seemed like the top at the time, the token increased once more and proceeded to reach a new all-time high of $34.66 on Aug. 24.
Technical indicators do not yet shows any weakness, despite the overbought RSI. A successful close above the external 1.61 Fib level could lead to an increase all the way to the next resistance area at $52.5. This is the 2.61 external Fib retracement level.
Chart By TradingView
Highlights

LUNA has broken out from a descending resistance line.
It reached a new all-time high on Aug. 24.

SXP
SXP has been moving upwards at an accelerated rate since July 29, when it broke out from a descending resistance line.
At the time of writing, it was trading right at the 0.618 Fib retracement resistance level at $4.13.
There is some weakness present in the form of bearish divergence in both the RSI and MACD. Furthermore, the ongoing rally has become parabolic. 
Therefore, it would make sense for SXP to retrace before eventually making another breakout attempt.
Chart By TradingView
Highlights

SXP has broken out from a descending resistance line.
It is facing resistance at $4.13.

KAVA
KAVA had been following a descending resistance line since April 6. On July 24, it broke out from this line and proceeded to increase at an accelerated pace. 
On Aug. 22, a new all-time high of $8.90 was reached. 
However, KAVA failed to sustain its upward movement and has yet to even reach the 1.27 external Fib retracement resistance level at $9.83. 
Similarly to LUNA, technical indicators are still bullish. However, due to the rejection, it is possible that the token will re-test the previous resistance level at $7.20 before eventually moving upwards.
Chart By TradingView
Highlights

KAVA has broken out from a descending resistance line.
It reached a new all-time high on Aug. 22.



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  The post DeFi Tokens Pump – LUNA & KAVA Reach New All-Time Highs appeared first on BeInCrypto.


Terra (LUNA) broke out from a descending resistance line and reached a new all-time high on Aug. 24.
The post DeFi Tokens Pump &#8211; LUNA &#038; KAVA Reach New All-Time Highs appeared first on BeInCrypto.


Kava price	$5.82
Low - High 24H	$5.65 - $5.94
Market cap	$531.69M
Volume 24H	$84.42M
All time high	$9.12 -36.05% August 30th 2021
All time low	$0.287137 1931.34% March 13th 2020
Genesis date	N/A

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