Kava Labs’ first major development that caught the attention of the cryptospace was the Switch application, which helps users swap cryptocurrencies in the fastest and most secure way possible, across various blockchains. Apart from the above, Kava Labs also announced the development of an XRP-backed stablecoin and eventually, a new PoS blockchain with a plan to bring XRP and other assets to the Cosmos ecosystem, while providing DeFi services.
Further, Binance Launchpad’s tokens seem to have performed better than other IEO tokens from different exchanges. According to CryptoRank, the launchpad tokens have an average RoI of 100%, which is the highest when compared to others like Gate.io, OKEx, Huobi, or Kucoin IEOs.
Akash is a full-time cryptocurrency writer and an analyst at AMBCrypto. He is an engineering graduate with an avid interest in finance and economics. Attracted to the chaos of trading, Akash has invested in BTC, ETH and XRP for educational purposes.
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