Finally the wait is over. On 14 July, Binance revealed the winner of its ‘Binance Launchpad Project of the Year’ award. During its virtual conference, “Off the Charts!” Binance announced Kava as the best performing Launchpad project of 2020.
Kava outranked the 4 other nominees to win the Binance Launchpad award. According to Binance, it was a cut-throat competition. But as Kava received the highest score, it pulled through the race. The other nominees were Elrond, Band Protocol, and Cartesi. As per the official statement, Binance gauged the projects on 4 important parameters. These were:
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Market performance ROI of the project. This contributed 40% to the total performance score.
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Project’s contribution to the Binance ecosystem and how it has influenced the same. This metric also contributed 40% to the final score.
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Staking and Savings enabled on Binance.com. It contributed 10% to the score.
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The number of campaigns that gave back to the Binance community and this contributed the final 10% to the score.
Watch @Brianhkerr's $KAVA acceptance speech for winning @Binance's project of the year!
Congrats to the entire #Kava team for the hard work and to the Kava community for the support that lead to the Binance community voting on Kava for the First Place Award! pic.twitter.com/wyQs9wD67a
— Kava Labs (@kava_labs) July 19, 2020