HARD and KAVA Tokens

The community has been discussing using KAVA and HARD tokens on the HARD.fun platform. This guide will explain their functions and how they operate, helping you understand their purposes and utilities.

KAVA token

• KAVA is the Kava Chain's governance token. It is built using Cosmos SDK and has an EVM component. You can consider KAVA the “backbone” token of the Kava Chain.

• Users can stake their KAVA tokens with validators through the Kava Staking page to earn staking rewards on either the Cosmos-SDK or EVM ecosystem.

• KAVA covers gas fees on the Cosmos SDK and its EVM component, serving as the primary token for covering gas and service fees on HARD.fun within its EVM ecosystem.

HARD token

• HARD originated on the Kava Chain, which requires KAVA in your wallet to move HARD tokens across the Kava Ecosystem. Users may store HARD on the Kava SDK chain or Kava EVM chain.

• HARD token is the governance token of HARD.fun, powered by the HARD protocol. Holding HARD tokens in your wallet lets you vote on the governance proposals proposing changes for HARD.fun.

• A portion of all HARD.fun protocol fees is automatically sent to a community wallet, enabling holders to vote on reward allocations and platform changes.

• HARD holders can vote on critical parameters like:

  • Deploy Service Fee: Sets entry costs for new tokens and manages network usage and spam.

  • Trading Fee: Gets applied to token trades and balances liquidity and transaction fairness.

  • Migration Fee: Sets the cost for migrating tokens that reach the bonding curve threshold to an on-chain DEX.

  • Liquidity for DEX: Sets the liquidity required on the bonding curve for a token to be migrated to an on-chain DEX.