Community Update — Contract Audits, The Farm & xKAWA Launch, Airdrops, and Rewards
With the Farm & xKAWA governance token launch just around the corner, KAWA team brings you good news on our progress for this week:
📃 Audits & KYC 📃
InterFi Network team has officially started auditing the $KAWA token contract, with an estimate time of completion set for the end of next week.
Once our developers have completed both the new staking contract and the xKAWA token contract, we will have InterFi audit those two and issue the certificate of successful completion.
In addition to these services, the developers and a core team member will carry out KYC with them, with a KYC verification certificate also issued upon completion. What this means is that their company will guarantee our identities in order to build trust and transparency. For any doubts or concerns regarding our agreement with InterFi, you can contact them via website or Telegram.
💲 The Farm & xKAWA governance token development 💲
The lead developer is almost done with the creation of the staking contract, while the new xKAWA token contract is ready. The frontend/UI developer is working on polishing the Farm UI, as well as adding a few new functions.
Some of the new features will include:
- ETH claiming from redistributions on the farm for LP token stakers.
- Live notifications in the menu bar as we push out important news and updates.
- More data shown on the dashboard, such as TVL, token values in USD, as well as available token amounts for all tokens that can be staked.
🚀 The launch, airdrops & claims platform 🚀
As we get very close to the farm reopening and the launch of xKAWA 2.0, it’s important to address how holders will receive the new token:
Current xKAWA holders
Anyone holding current xKAWA in their wallet will get an airdrop of the new xKAWA token in 1:1 ratio, just like we did with the KAWA token.
Unharvested xKAWA owners
Anyone who hasn’t harvested their xKAWA from the Farm yet, whether it’s V1 or V2 farm, will be able to claim their new xKAWA on the Farm dashboard once it’s reopened.
This means that you DO NOT need to harvest your current xKAWA and sell it, as you will be eligible to claim the new token once it’s deployed, in 1:1 ratio.
Liquidity for the new token
Please note that the current liquidity will be withdrawn and will be used for the new xKAWA launch due shortly. Starting from this announcement, if you are unable to sell your xKAWA that simply means that we have withdrawn the LP tokens and will use the same amount AND add more at the launch of new xKAWA. New liquidity will be added on Uniswap V2 and liquidity tokens locked for a minimum of 6 months.
Also note that selling your xKAWA now will not make you eligible for the airdrop when the new contract is deployed and open for trade.
💎 Diamond hand rewards 💎
We would like to remind all current holders (KAWA and/or xKAWA), those who never sold after the airdrop as well as those who bought after the relaunch, that NFT badges will be assigned and sent out shortly after the successful launch of the farm and xKAWA, which will be used in the near future to claim the first series of the KAWA NFTs as they are released.
Finally a huge thanks to everyone who is still supporting us, believing in what we do and has been holding through the past few weeks — our efforts, patience and trust will soon start to pay off!
