Real-time USDX price analysis
The current price of USDX (Kava) in real time is $0.8895and its trading volume is equal to US$297,410 in the last 24 hours. USDX price has grew by
0.49%
on the last day and decreased by
0.35%
in the last 7 days. It is important to note that the current market capitalization of USDX (Kava) is US$99,244,233Speaking of circulating supply, USDX has 111 567 264 coins. Currently, the market rating of USDX (Kava) is #359.
USDX (Kava) price today
77.17%
below
always on top and that’s it
788.15%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling USDX are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is USDX (Kava)?
USDX is native stablecoin Kava protocol. USDX price is based on reflect the value of the US dollar since it is tied to its price. Kava is a DeFi platform that acts as a decentralized bank.. This allows users to access a range of services, especially cryptoloans. Users can borrow and lend in multiple currencies without the need to go through financial institutions or other intermediaries.
Kava is based on Blockchains Cosmos and Ethereum. The developers chose Cosmos to take advantage of network customization and compatibility. These features add more functionality to the Kava protocol. Cosmos also allows Kava Lending Protocol users to deposit a wide range of other crypto assets such as BTC, BNB, ETH and so on.
The protocol uses the Cosmo Network to mint USDX stablecoins.. Anyone with a digital asset can mint USDX by pledging their assets as collateral on Kava. However, to mint USDX, more crypto assets must be invested. Kava Mint program than the amount of USDX crypto assets planned to be minted. Additionally, different crypto assets offer different collateral ratios.
The platform also hosts other DeFi products, including a cryptocurrency exchange, automated market maker (AMM)crop growing platform called Foundation.fiand playing for money – Elven Kingdom.
All platforms on the network have their own individual tokens. However KAVA A token is a core network asset that exists above all network tokens, connecting the entire ecosystem.
Options for using USDX (Kava) tokens
USDX is a utility token with multiple use cases in the Kava ecosystem. Since USDX price is more stable, it acts as store of value. As a stablecoin, USDX also opens up opportunities for purchase or sale of assets. It can be used to fix the value of highly volatile assets. In addition, USDX cryptocurrency holders can receive additional benefits for Kava Landexchange that also adds liquidity to Kava.
The USDX coin is also traded on some exchanges. However, while the value of the token is always calculated at $1, the price of USDX can theoretically change slightly at any time. However, the token is designed to independently adjust the price of USDX in accordance with the value of the US dollar.
Who founded Kawa?
The Kava project was founded in 2018 by the company Kava Labs Foundation. The fund was co-founded by Ruaridh O’Donnell, Brian Kerr and Scott Stewart. In August 2020, the protocol launched on the Cosmos platform, allowing BNB to act as collateral for USDX crypto loans.
What is the trading volume of USDX (Kava) in the last 24 hours?
USDX has trading volume US$297,410 in the last 24 hours.
What is the highest USDX (Kava) price ever?
USDX has the highest price $3.90which was achieved at November 21, 2020 (3 years 3 months ago).
What is the lowest USDX (Kava) price ever?
USDX has the lowest price US$0.1002which was achieved at April 10, 2023 (10 months 2 weeks ago).
Which exchanges are best for buying and selling USDX?
Currently the most active and dominant exchanges for buying and selling USDX (Kava) are Binance, Kraken & Kucoin. The most popular USDX (Kava) trading pairs USDX/USDT
(on
AscendEX (BitMax)
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing USDX?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage USDX (Kava). For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
