Kava 10 is coming on May 25 and it’s bringing #CosmosEVM with it. Battle-tested in the Alpha and Beta with 600K+ blocks and zero downtime, Kava 10 is ready for prime time.
To celebrate the Kava 10 mainnet upgrade and the launch of Kava’s Ethereum and Cosmos Co-Chains, Kava is giving away $250K in KAVA prizes.
💰 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 wrapped wKAVA on the Kava Ethereum Co-Chain before 11:59 UTC on June 15, 2022
#KavaSquad Prize Pool
Qualify for the #CosmosEVM prize pool
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 26, 2022
Event End: 23:59 UTC, June 15, 2022
Payout Proposal: June 22–28, 2022
Payouts: June 29, 2022
To be eligible to win a prize in either pool, your wallet address must convert a minimum of 10 KAVA to wKAVA during the event period beginning at 00:00 UTC on May 26, 2022, and ending at 23:59 UTC on June 15, 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 22, 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 22, 2022. Assuming it passes, winners will receive their prizes directly to their Kava wallet on June 29, 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.