Anna Lebed

"To create the very best from the very best"

This is our philosophy, mirroring one of Wilhelm Maybach’s own maxims.

The roots of the MAYBACH brand go back well over a hundred years, when Wilhelm Maybach laid the cornerstone for a high-end automobile brand which quickly became a legend. For decades, MAYBACH has symbolized the most exacting demands on quality and luxury. Characteristic are intricately worked, exquisite materials and outstanding design.

Today, Mercedes-Maybach is a sub-brand that creates Mercedes-Benz automobiles in their most luxurious form, adding an extra dimension to an already exclusive range.

MAYBACH – Icons of Luxury is a family-owned company which has extended the reach of the brand by creating prestigious MAYBACH handcrafted products in many other sectors.

WILHELM MAYBACH (1846-1929)

ENGINEER EXTRAORDINAIRE

In 1900, Wilhelm Maybach, then technical director of Daimler-Motoren-Gesellschaft (DMG) and long-time companion of Gottlieb Daimler, developed the first Mercedes, the "Daimler motor carriage". At that time, the main focus was not yet on perfect luxury cars, but on functionality, reliability and efficiency.

Maybach created what was probably his most outstanding design after Daimler's death. The first Mercedes caused a sensation at the Nice racing week in March 1901. The vehicle clearly stands out from all the cars previously designed and built by the Daimler-Motoren-Gesellschaft and ended the carriage age in automobile construction.

KARL MAYBACH (1879-1960)

THE SON WHO FOLLOWED IN HIS FATHER’S FOOTSTEPS

Maybach and his son Karl, who followed in his famous father's footsteps at an early age as a trainee at Daimler-Motoren-Gesellschaft, jointly founded the "Luftfahrzeug-Motorenbau GmbH" in 1909. When Karl Maybach developed his first automobile in 1919, Mercedes was the inspiration: the "W1" experimental car was based on a chassis with a star. Like his father, the son was a gifted designer. His inventions, such as the innovative "high-speed gearbox", and his penchant for technical perfection established the myth of the Maybach brand, as do its select clients: Emperors and kings, bankers and entrepreneurs, top athletes and stars.

2002-2012

THE SECOND ERA

The legend awoke to a new era when Daimler AG presented an unparalleled, state-of-the-art luxury car at the Geneva Motor Show in 2002. Over the years, Daimler AG introduced the Maybach 62 and the Maybach 57 (named according to car’s length) as well as the Landaulet - a convertible limousine.

Uber Technologies Inc.'s (UBER) explosive growth and constant controversy make it one of the most fascinating companies to emerge over the past decade. The global ride-sharing application, founded in 2009, disrupted modern transportation as we know it and at one point grew to become the highest-valued private startup company in the world.1

Ten years after its founding, Uber went public on May 9, 2019. Though the road has been bumpy, Uber remains a major company in the ride-sharing space. In its most recent quarterly earnings release, for Q2 fiscal year (FY) 2021, Uber reported a net income of $1.1 billion, $3.9 billion in revenue, and 1.5 billion trips on its platform.2

KEY TAKEAWAYS

The world's largest ride-sharing company, Uber Technologies, was founded in 2009 and quickly grew to become the world's most valuable startup.

Uber’s disruptive technology, explosive growth, and constant involvement in controversy make it one of the most fascinating companies to emerge in recent years.

Uber's IPO was one of the most highly anticipated of the year, and the company was valued as high as $120 billion by Wall Street investors. The company went public on May 9, 2019, but fell flat: Uber made history with the biggest first-day dollar loss in U.S. history.

Since then, Uber has worked on becoming profitable and has completed some high-profile acquisitions of companies including JUMP, Postmates, and Drizly, as well as a partnership deal with Lime. It also sold its highly anticipated self-driving car division in 2020.3

In 2017, Uber's corporate culture was outed for being highly hostile, sexist, and offensive, resulting in a company-wide investigation. CEO Travis Kalanick was forced to resign, along with more than 20 employees.

Uber History: Paris and Rapid Growth

Uber’s story began in Paris in 2008. Two friends, Travis Kalanick and Garrett Camp, were attending LeWeb, an annual tech conference The Economist describes as “where revolutionaries gather to plot the future."1 In 2007, both men had sold startups they co-founded for large sums. Kalanick sold Red Swoosh to Akamai Technologies for $19 million while Camp sold StumbleUpon to eBay (EBAY) for $75 million.

The concept for Uber was born one winter night during the conference when the pair was unable to get a cab. Uber was founded on a single idea: "What if you could request a ride from your phone?" Initially, the idea was for a timeshare limo service that could be ordered via an app. After the conference, the entrepreneurs went their separate ways. However, when Camp returned to San Francisco, he continued to be fixated on the idea and bought the domain name UberCab.com.1

UberCab: The Beginning

In 2009, Camp was still CEO of StumbleUpon, but he began working on a prototype for UberCab as a side project. By summer of that year, Camp had persuaded Kalanick to join as UberCab’s "chief incubator." The service was tested in New York in early 2010 using only three cars, and the official launch took place in San Francisco in May.

Ryan Graves, who was Uber's general manager and an important figure in the early stages of the company, became CEO of Uber in early 2010. In December 2010, Kalanick took over as CEO, while Graves took on the title of general manager and senior vice president of Global Operations.

The ease and simplicity of ordering a car fueled the app’s rising popularity. With the tap of a button, a ride could be ordered, a GPS identified the location, and the cost was automatically charged to the card on the user account. The San Francisco-based startup quickly became one of the hottest companies and grew quickly. The first Uber ride was requested in 2010 and less than two years later, in 2011, Uber had already launched internationally in Paris, where the idea for it first took root.1

Uber's Valuation: Funding Rounds

First five years: 2009 to 2013

After starting in 2009 and launching its first ride in 2010, the company received its first major funding, a $1.25 million round led by First Round Capital.4 2011 was a crucial year for Uber’s growth. Early in the year, the company raised an $11 million Series A funding round led by Benchmark, and it went on to expand to New York, Seattle, Boston, Chicago, and Washington D.C., as well as abroad in Paris.5

In December at the 2011 LeWeb conference, Kalanick announced that Uber raised $37 million in Series B funding from Menlo Ventures, Jeff Bezos, and Goldman Sachs.6 In 2012, the company broadened its offering by launching UberX, which provided a less expensive hybrid car as an alternative to black car service.

Additional funding and setbacks: 2014 to present

In July 2015, Uber became the most valuable startup in the world, valued at $51 billion after its funding rounds. In June 2016, Uber then raised a further $3.5 billion from Saudi Arabia's sovereign wealth fund.

With Uber's rapid growth came many controversies. In April 2017, Uber opened up about its finances for the first time to Bloomberg and reported a global loss of $3.8 billion for 2016. This included losses from its China business, which it sold in the summer of 2016—without it, net adjusted losses were $2.8 billion.7

By the following year, the firm's valuation had been knocked down from a lofty $68 billion to $48 billion. In 2018, Japanese conglomerate SoftBank Group, along with a group of investors including Dragoneer Investment Group, successfully bid for 20% of Uber's stock at this lower valuation, a 30% discount on the last valuation figure. The deal reportedly gave SoftBank 15% in the ride-share company while Uber got a powerful ally in Asia that could help turn the tide for the company after a few very public missteps. The remaining shares reportedly went to other investors in the group.

This period was also marked by other challenges, including the fatal crash of a self-driving vehicle from Uber's fleet. Additionally, on Aug. 8, 2018, New York City Council voted to put a pause on new licenses issued to ride-hailing services such as Uber and Lyft.8

Uber IPO: Disappointing Feat

Uber's IPO made history as the biggest first-day dollar loss in IPO history in the United States. At one point, Uber was valued at $120 billion by Wall Street analysts, which would have made it the largest company ever to debut on the stock market. After its IPO, it was only valued at about $69 billion—just over half of its high-hopes IPO.

$85.314 billion

Uber's current market capitalization, as of September 20219

Uber Culture Controversy: Kalanick Out, Khosrowshahi In

2017 was a rough year for Uber. The troubles began in February when a former female Uber engineer outed the company for its sexist culture in a 3,000-word blog post. It was alleged that Uber's corporate culture was highly hostile, sexist, and quite offensive to most people.10

The post quickly went viral and a number of high-level employees were let go or resigned for reasons relating to the allegations in the following months. Following the blog post, the board called for an internal investigation, which became known as the "Holder Investigation" (it was lead by former Attorney General Eric Holder). The investigation resulted in 47 recommendations intended to improve the culture and work environment, and according to Uber, the firing of more than 20 staff members.11

In the following months, scandals seemed to haunt both the company and its CEO. Letters were released to the press which confirmed that sexist attitudes came from the top down—including from Kalanick himself. Kalanick was also caught on video arguing with an Uber driver about lowering fares, which did not strengthen his image in the public eye.

On June 21, 2017, Kalanick resigned after a shareholder revolt. After a little more than two months, it was announced that Dara Khosrowshahi—then-CEO of Expedia (EXPE)—would take over. Khosrowshahi came to New York in 1978 with his parents to escape the Iranian revolution. He started his career in finance at an investment bank and eventually became the CFO of IAC/InterActiveCorp (IAC), a position he held for seven years before becoming the CEO of Expedia.12

As of Sept. 3, 2021, Dara Khosrowshahi remains the CEO of Uber.13

Uber's History of Legal and Policy Challenges

During its expansion, Uber has met fierce resistance from the taxi industry and government regulators. As part of its strategy to mitigate the opposition, the company hired David Plouffe, a high-profile political and corporate strategist who worked on Obama's 2008 presidential campaign. Here, we chronicle some high-profile moments of Uber's challenges.

Surge pricing backlash

Uber uses an automated algorithm to increase prices based on supply and demand in the market. On New Year's Eve 2011, prices soared to as much as seven times standard rates, fueling negative feedback from users. Surge pricing triggered outrage again during a snowstorm in New York in December 2013. More recently, Uber committed to capping surge pricing during several blizzards in New York City.

In 2014, taxi drivers in London, Berlin, Paris, and Madrid staged a large-scale protest against Uber. Taxi companies have claimed that because Uber avoids their expensive license fees and bypasses local laws, it creates unfair competition. The case was heard by Europe's top court in November 2016. Uber lost its license to operate in London, where the company had 40,000 registered drivers in September 2017. On June 26, 2018, a London judge overturned the ban, effectively allowing Uber to operate under a 15-month license along with conditions.14 In September 2020, Uber was granted a new license to operate in London. The current license lasts for 18 months and is conditional on Uber providing periodic safety reports.1516

Fair pay and driver benefits

In New York, it became known that Uber had mistakenly charged drivers commission based on pretax earnings as opposed to after-tax earnings—at a cost of tens of millions of dollars to New York drivers. The company said it was an accounting error, and that it was committed to paying its drivers back in full as quickly as possible.

The issue does raise questions about the fairness of who ends up paying the taxes. Driver advocacy groups have argued for some time that Uber is avoiding a tax at the expense of its drivers, something The New York Times found evidence to support. The paper estimated it could have cost drivers hundreds of millions of dollars.17

On June 13, 2017, a New York judge ruled that Uber drivers should be considered employees as opposed to independent contractors at least in certain cases. This decision opens up for drivers to receive employee benefits, which would likely have a significant impact on the bottom line.18 Later, restrictions on licenses by the New York City Council were introduced, which represented a blow for Uber and meant a pause on any new licenses for the ride-sharing service in the city for a 12-month period.19

Meanwhile, California passed Proposition 22 during its November 2020 election, allowing companies like Uber to classify their workers as independent contractors in the gig economy, and not as full-time employees.2021 The Uber-backed ballot measure is now the costliest in California history, with over $200 million spent in campaigning for it.22

On Aug. 20, 2021, Alameda County Superior Court Judge Frank Roesch ruled that two sections of Proposition 22 were unconstitutional and that the measure as a whole was unenforceable. However, it remains in effect while its proponents appeal his ruling.23

Settlement on claims of discrimination, harassment, and hostile work environment

In 2018, Uber paid approximately $7 million to more than 480 current and former employees to settle a 2017 lawsuit alleging gender discrimination, harassment, and a hostile work environment. The lawsuit claimed that Uber used a discriminatory ranking system that undervalued female employees and employees of color.

Discrimination against a blind customer

An arbitrator ordered Uber in April 2021 to pay $1.1 million to Lisa Irving, a blind customer. The arbitrator ruled that Uber's drivers had discriminated against Irving by denying her rides or verbally abusing her more than a dozen times. Uber had argued that it was not responsible for the drivers' actions because of their independent contractor status.24

Uber vs. Lyft Competition

Competition has been ferocious between Uber and its closest rival, Lyft. In 2014, both Uber and Lyft claimed that drivers and employees engaged in sabotage by regularly hailing and canceling rides on each other’s services. Kalanick also openly admitted to trying to undermine Lyft’s fundraising efforts in a Vanity Fair article.25

Uber's Acquisitions and Business Units

Uber Eats, UberPool, and credit card

Uber has a merchant delivery program for food deliveries called Uber Eats. Uber also offers UberPool, which allows drivers to pick up multiple riders on one scheduled ride, making it a cheaper option compared to UberX and Uber Black. In 2017, the company, in partnership with Barclays, also rolled out a co-branded rewards credit card in the U.S.26

Lime

On July 9, 2018, Uber announced it would be investing in the electric scooter rental company, Lime, in collaboration with Alphabet Inc.'s GV (GOOG).27 Lime's lightweight scooters are available for rent all over a number of major cities, and customers leave them on the sidewalk for the next rider, making for a convenient and clean-energy-based business model.

The deal is part of a $335 million investment round, and the business is valued at $1.1 billion. Uber plans to promote Lime through its app and brand its own logo on the scooters. Uber made similar efforts with bike-share startup JUMP before acquiring the business for reportedly close to $200 million in April 2018.27

Postmates

Another high-profile acquisition occurred in July 2020, when Uber announced that it was acquiring food delivery app Postmates for $2.65 billion in an all-stock deal.28 As the food delivery business continued to grow, the acquisition (along with the creation of Uber Eats) was a strategic one in order to offset losses from the ride-sharing portion of the business, which has been struggling, especially during the pandemic. After the Postmates acquisition, Uber's stock hit an all-time high.9

Uber self-driving cars

Like Google, Apple Inc. (AAPL), and Tesla Inc. (TSLA), Uber is also a front-runner in the future of driverless cars. However, the road has been bumpy, starting with Alphabet Inc.'s Waymo suing Uber in 2018 for theft of its self-driving technology.29

Uber hit perhaps its worst snag yet in March 2018, when a self-driving car fatally struck a pedestrian, causing the company to temporarily suspend all testing. In May 2018, Uber announced that it would halt its Arizona testing program and go elsewhere. In July 2018, Uber's self-driving cars made their return in Pittsburgh, but business lagged.

In December 2020, it was announced that Uber would sell its autonomous vehicle business to Aurora, a startup in San Francisco that was started by the former head engineer of Waymo.3 Uber had invested more than $1 billion in the business at the time of the sale.

The Bottom Line

Uber is one of the most closely followed companies in the world, once going down in history as once the world's most valuable startup and disrupting the modern ride-sharing and transportation industry as we know it. Though the COVID-19 pandemic has thrown a wrench into Uber's plans to become profitable, marking large losses in its ride-hailing business, the company's strategic investments in its food delivery arm Uber Eats as well as its recent California Proposition 22 win bode well for the company. Perhaps soon, time will tell if Khosrowshahi can lift Uber's valuation to its originally projected $120 billion.

While the world is standing still, blockchain is entering the automotive evacuation market. Blockchain developers have launched a new project - CarTaxi – the first global car evacuation service on the blockchain. The platform unites all evacuation companies in one system. The project has been successfully operating in the Russian market in more than 15 cities. The goal was achieved in just two months from the launch of the project. The start of the pre-ICO of the Car Taxi project will take place on August 0. The driving force of the project is the volume of the global car evacuation market estimated at more than $ 26 billion. An increase in the number of cars around the world entails an increase in accidents, breakdowns and the need for service. High demands are placed on car evacuation services to ensure unhindered traffic, order, compliance with the rules and comfort of drivers.

CarTaxi has created a network of registered and licensed evacuation companies using blockchain technology and a cross-platform program. The service has made a qualitative breakthrough in the level of services for both corporate and private clients. CarTaxi introduces consistency to a market that has been largely fragmented. It provides access to the tow truck order at any time, anywhere, because you can call a tow truck in one click. More than 1,500 evacuation companies have already been registered in the blockchain service. With the help of blockchain technology, CarTaxi gains an advantage over traditional operators, which makes global expansion possible in the shortest possible time. B Car Taxi uses blockchain technology based on Ethereum. It accelerates settlements with executors and token holders and creates transparent mechanisms for controlling the company's activities.

The smart contract provides interfaces for operating the company's business processes, from registering a new client and connecting a new contractor, to the successful completion of the client's order and mutual settlements of the company with performers and investors. In each new order, the smart contract takes into account the coordinates of the client, the parameters of his car, the estimated time of arrival of the tow truck. If the performer could not arrive within the specified time, sanctions are applied to him. On the spot, the contractor checks the order data with the help of the system and fixes the damage to the car. If the data does not match, the smart contract will not allow you to proceed to the next stage - loading the car. When the order is completed, the program analyzes the final parameters and makes a calculation to the contractor.

The smart contract provides for the basic mechanisms of the DAO: voting of token holders on the distribution of the company's profits. Order fulfillment control is especially important, as the company plans to provide a service for the transportation of cars over long distances, between cities and countries, in complex logistics chains. The upcoming Pre-ICO will last from August 1-0 to September 19, 2017. The ICO is scheduled for September 29 – October 29, 2017. Car Taxi has set a total amount of 500 million tokens, of which 12.5 million will be available for pre-sale, and the rest during the ICO. During the pre-sale period, investors will be able to purchase Car Taxi (CTX) tokens with a 45% bonus. The proceeds from token sales will be invested in a car evacuation service.

Car Taxi has planned the activation of blockchain technology in the fourth quarter of 2017. The next stage is expansion in the USA and China in 2018, followed by Europe in 2019. With the opening of representative offices in India and South America, and by 2021 the platform will be available worldwide. O Car Taxi Car Taxi is a decentralized blockchain—based platform that unites all evacuation companies into one online network. This allows you to quickly, efficiently and safely evacuate your car anytime and anywhere. The official website of the project – cartaxi.io Disclaimer: This article is written to familiarize everyone interested in this project. You are personally responsible for any personal decisions that you make based on the information received. If you are not sure about anything, it is better to refrain from those steps that can lead to a negative result.

The Kava Network is a fast and secure Layer-1 blockchain featuring a unique co-chain architecture that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer support of the Ethereum Virtual Machine (EVM).

The Kava Network powers a suite of native DeFi products, including decentralized swap pools and collateralized lending and borrowing, with a full ecosystem of 3rd party EVM and Cosmos SDK-based protocols under development.

The Kava Network is integrated with the Cosmos Inter-Blockchain Communication protocol (IBC) and operates with a Tendermint-based Proof-of-Stake (PoS) consensus mechanism.

Kava Network features a governance token, KAVA, that can be staked by validators or delegated to validator nodes. Stakers and delegators earn a portion of the network's fees as a reward for securing the network and also have voting rights in network governance proposals.

The network empowers developers with:

Flexible Deployment: Developers can build and deploy on either of the two most used permissionless execution environments in the world using the EVM-compatible Ethereum Co-Chain or the Cosmos Co-Chain.

On-Chain Incentives: A decentralized on-chain incentive model will ensure that the best developers and projects are rewarded in every Web3 vertical, including DeFi, GameFi, and NFTs.

Seamless Interoperability: Developers can deploy Solidity smart contracts that interoperate seamlessly with Cosmos SDK protocols in the same network, connecting their project to every major asset and millions of users.

1. What is Kava (KAVA)?

The Kava Network is a Layer-1 blockchain that combine the speed and scalability of the Cosmos SDK with the developer support of Ethereum.The Kava Network will empower developers to build for next-gen blockchain technologies through its unique co-chain architecture.Specifically, the Kava Network enables:

Seamless interoperability: The Ethereum and Cosmos Co-Chains interoperate seamlessly with each other, empowering developers to build in whichever environment they want without sacrificing access to the users and assets of the other.

Optimized scalability: The Kava Network's unique architecture enables the free flow of users, assets, and projects between Kava and the industry's most relevant ecosystems at scale, all powered by the lightning-fast Tendermint Core consensus engine.

Rapid ecosystem growth: Innovative and transparent on-chain incentive programs ensure that the best builders in the Ethereum and cosmos ecosystems are properly rewarded for driving growth for the Kava Network.

The KAVA token is integral to the security, governance, and mechanical functions of the platform. There are four main use cases for the KAVA token:

Security: The top 100 nodes validate blocks by a weighted bonded stake in KAVA tokens. Economic incentives for validators come in the form of earning KAVA as block rewards and as a portion of the network's transaction fees. Validators risk losing KAVA via strict slashing conditions such as failing to ensure high uptime and double signing transactions.

Governance: KAVA is used for proposals and voting on critical parameters of the Kava Network. This includes but is not limited to the types of supported assets and Dapps, their debt limits, and acceptable assets to use as debt collateral, collateral ratio, fees, and the savings rate for various financial instruments introduced to the network. The KAVA token is also used to vote in proposals that would affect the Kava Network SAFU Fund and treasury allocation, such as reward payouts for incentives programs.

Incentives: A portion of KAVA emissions is distributed as incentives for scaling the network. These incentives go directly to top projects on each chain to drive growth, encourage competition, and improve the health of the Kava ecosystem.

2. Products and key features

2.1 Co-Chain Architecture

The most important feature of the Kava Network is its co-chain architecture, enabling developers to build and deploy their projects using either the EVM or Cosmos SDK execution environments with seamless interoperability between the two. The following diagram shows how the system will function once the Kava 10 upgrade is complete and the Kava Network mainnet goes live.More information about Kava 10 (Kava Network 1.0) can be found here.

The co-chains of the Kava Network operate like the two hemispheres of a brain. The Cosmos Co-Chain is optimized for Cosmos ecosystem developers. The Ethereum Co-Chain is optimized for Ethereum ecosystem developers. The Translator Module connects the two distinct execution environments of the Co-Chains, allowing them to work seamlessly together at scale. This packages the industry's two most used execution environments within a single network. Ethereum meets Cosmos via the Kava Network's robust, developer-optimized Layer-1 architecture.The Ethereum Co-Chain - An EVM-compatible execution environment that empowers Solidity developers and their dApps to benefit from the scalability and security of the Kava Network.The Cosmos Co-Chain - The Cosmos co-chain is a highly-scalable and secure Cosmos SDK blockchain that connects Kava to the 35+ chains and $60B+ of the Cosmos ecosystem via the IBC protocol.

2.2 Cosmos SDK and Tendermint Core

Kava is built using Cosmos-SDK, an open-source framework for building public Proof-of-Stake blockchains. Core features of Cosmos-SDK include:

Tendermint Core consensus engine: Kava relies on a Byzantine Fault Tolerant consensus engine designed to support Proof-of-Stake systems.

Cosmos modularity: as new open-source modules are developed for the Cosmos ecosystem, Kava can quickly implement desirable modules. For instance, the Inter Blockchain Communication (IBC) (from Cosmos) module enables all Cosmos-SDK blockchains to communicate. Kava Network integrated with the IBC at 16:00 UTC on January 19, 2022.

The following table shows the performance benchmarks of Tendermint Core.

2.3 On-Chain Incentives

The Kava Network features an innovative approach to developer incentivization. Through an open and transparent mechanism, a portion of KAVA emissions are directly awarded to protocols to incentivize usage and drive growth for the Kava ecosystem.Following the Kava 10 upgrade and Kava Network mainnet launch, the incentive module will distribute KAVA emissions between both chains, with the top 100 protocols on the Ethereum Co-Chain sharing a pro-rata distribution of incentives based on usage metrics and TVL.

2.4 The KavaDAO

The Kava DAO is a fully decentralized autonomous organization (DAO) that governs the Kava Network. Made up of the Kava stakers and validators that help to secure and run the network, the DAO operates on a liquid democracy model and determines how the network functions, what changes should be made to it, and most importantly - how the unique on-chain developer incentives are distributed between the two chains.As a truly decentralized organization, the Kava DAO has no headquarters, no directive, and no leadership. Contributors to the security and stability of the Kava Network are also tasked with providing direction. The DAO self-governs maintains its standards in line with the expectations of the Kava community. This ensures that the Kava Network always serves users' interests and the people who build on it.

3. Economics and supply

Key metrics

The token supply distribution is as follows:

Private Sale 1 tokens comprise of 30.05% of the total token supply. It was conducted from June 15th to June 30th 2019.

Private Sale 2 tokens comprise of 5.02% of the total token supply. It was conducted from July 15th to July 31st 2019.

Private Sale 3 tokens comprise of 4.93% of the total token supply. It was conducted from August 15th to August 31st 2019.

Binance Launchpad Sale tokens comprise of 6.52% of the total token supply. It was conducted in October 2019 for a total raise of ~$3MM worth of BNB at ~$0.46 per token for 6.52% of the total token supply.

Kava Labs shareholders tokens comprise of 25.00% of the total token supply.

Token Treasury tokens comprise of 28.48% of the total token supply.

KAVA token distribution (%)

Project team:

• Scott Stuart
• Kevin Davis
• Terry Chen
• Ruaridh O'Donnell
• Tammy Carandini
• Aaron Choi

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