There’s a new version of Kava coming on May 10 and it’s going to bring #CosmosEVM along with it. Kava 10 is ready for prime time, having been tested in Alpha and Beta with 600K blocks and zero downtime.
💰 Prize Structure
The Kava 10 Launch Giveaway will feature two prize pools. One for new and existing users experiencing #CosmosEVM for the first time, and one special prize pool just for the OG #KavaSquad.
#CosmosEVM Pool: $200K
- 5 x $10K
- 25 x $2K
- 400 x $250
#KavaSquad Prize Pool: $50K
- 1 x $10K
- 20 x $1K
- 40 x $500
- Create a new Kava 0x address on the Ethereum Co-Chain using the Kava App or any compatible wallet
- Convert a minimum of 10 $KAVA to eKAVA by moving it from Kava’s Cosmos Co-Chain to the Ethereum Co-Chain before 11:59 UTC on May 25, 2022
#KavaSquad Prize Pool
- Qualify for the Main Giveaway
- Create your 0x Kava address using a Kava wallet address that has been active since before 23:59 UTC, December 31, 2021
Save the date! The activity period for the giveaway will run for 2 weeks just after the Kava 10 mainnet launch. Keep an eye out for updates via Kava’s Twitter.
Event Kick-off: 00:00 UTC, May 11, 2022
Event End: 23:59 UTC, May 25, 2022
Payout Proposal: June 1, 2022
Payouts: June 8, 2022
- To be eligible to win a prize in either pool, your wallet address must convert a minimum of 10 KAVA during the event period beginning at 00:00 UTC on May 11, 2022 and ending at 23:59 UTC on May 25, 2022.
- To be eligible to win a prize in the #KavaSquad pool, you must use an existing Kava wallet address to create your Kava 0x address. That address must have been created and made at least one transaction prior to 23:59 UTC, December 31, 2021.
- There is no ranking of activity. Converting larger amounts of KAVA or doing multiple conversions will not affect your chances of winning. Winning addresses for all prize pools and tiers will be selected at random.
- Winners for both prize pools will be randomized on-chain and announced on June 1, 2022, on the Kava Twitter.
- Prizes will be paid out on-chain from the Kava community pool via a KAVA governance vote. A proposal will be submitted on June 1, 2022. Assuming it passes, winners will receive their prizes directly to their Kava wallet on June 8, 2022.
- Eligibility is not a guarantee of a prize. Winners may not receive their prizes if the Kava DAO votes against the proposal in the majority.
- Sharing the event on Twitter or other social media platforms will not impact your chances of winning in any way. This is a purely on-chain giveaway administered by the Kava DAO.
And that’s it. Best of luck, #KavaSquad!
Follow Kava on Twitter to keep up with the latest updates about the Kava 10 Launch Giveaway.
Kava (kava.io) is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.
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