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Klever

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Discover Klever's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Klever?

Klever (KLV) is a cryptocurrency launched in 2020, serving as the native token for the Klever ecosystem. It powers various products and services, including the Klever App, a self-custodial wallet supporting multiple blockchains and decentralized applications (DApps). The token enables reduced fees on Klever Swap and allows users to earn passive income through staking, with over 60% of the circulating supply currently staked and frozen.

How is Klever used?

Klever (KLV) is the native token of the Klever ecosystem, which includes a wallet, exchange, OS, and development platform. It serves several purposes within the ecosystem:

  1. Transaction Fees: KLV is used to pay for transaction fees on the Klever Blockchain. The fees are determined by an on-chain voting mechanism and can change over time.

  2. Trading Fees: KLV is used to pay for trading fees on the Klever Exchange, which offers hundreds of trading pairs.

  3. Swap Fees: Holding KLV can reduce swap fees when using Klever Swap services.

  1. Staking and DeFi Operations: KLV can be used for staking and other DeFi operations within the network and applications that support it.

  2. P2P Payments: KLV can be used for peer-to-peer payments.

  3. VIP Tokens and Crowdfunding: KLV can be used to buy VIP tokens and participate in new projects through crowdfunding.

  1. NFT Markets: KLV can be used in NFT markets.

  2. Token Burning: A system of programmed burning of KLV tokens helps reduce their circulation and improve their valuation in the crypto-markets.

  3. Buying and Selling Other Tokens: KLV can be used to buy other tokens within the Klever Chain ecosystem, such as KFI (Klever Finance Governance Token).

Overall, KLV is designed to provide credibility, agility, responsibility, and independence to users within the Klever ecosystem, while also strengthening the community's relationship.

How do I store Klever?

To store Klever (KLV) tokens, you can use the Klever Wallet, which is a secure and versatile self-custodial wallet that supports most popular blockchains. The wallet allows you to buy, send, receive, swap, and store KLV coins, providing complete access to TRX- and ETH-based DApps via the Klever browser and over 300 trading pairs in Klever Swap.

How to buy Klever?

To buy Klever (KLV) tokens, follow these steps:

  1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports Klever (KLV) trading. Popular options include KuCoin, Gate.io, and Poloniex.

  2. Create an Account: Verify your email address and identity on the chosen exchange.

  3. Make a Deposit: Fund your account using a debit card, credit card, wire transfer, or Bitcoin.

  1. Buy Klever: Use your deposited funds to purchase KLV tokens.

Alternatively, you can also buy KLV through the Klever Wallet app. Here's how:

  1. Download Klever Wallet: Get the app from the App Store, Google Play, or AppGallery.

  2. Create or Restore Wallet: Follow the instructions to set up or restore your Klever Wallet.

  3. Navigate to 'Buy Crypto': Open the wallet and go to the 'Buy Crypto' section.

  1. Select KLV: Choose Klever Coin (KLV) as the cryptocurrency you want to purchase.

  2. Select Payment Method: Pick your preferred payment method, such as fiat, credit card, debit card, or mobile payments.

  3. Complete the Purchase: Proceed with the transaction to buy KLV tokens.

Remember to check the fees and blockchain details before completing the transaction.

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History of Klever

The history of Klever (KLV) is a significant aspect of understanding this cryptocurrency. Klever was initially built on the TRON blockchain but has since transitioned to its own development using Cosmos technology, known as Klever Chain. This shift aims to enhance scalability and interoperability, making it a promising player in the blockchain industry.

Klever Chain is designed to facilitate the development of decentralized applications and leverage technologies like sidechains to support more complex applications and larger communities. Although it is still under construction, the roadmap indicates rapid development of advanced features, with KLV being a vital part of all operations.

The Klever ecosystem has evolved to provide a unified platform for decentralized applications, known as Klever OS. This includes development and integration tools, as well as the Klever token (KLV), which is central to the tokenomics of the system. The ecosystem has been designed to bring blockchain technology closer to the mobile world and provide access to a range of decentralized applications.

Klever's focus on security, user-friendly transactions, and decentralized finance has garnered attention from investors and enthusiasts alike. Its robust security measures, emphasis on inclusivity and transparency, and strong community support have positioned it as a promising player in the digital asset space.

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How Klever works

Klever (KLV) is a cryptocurrency that powers the Klever ecosystem, which includes various products and services such as the Klever App, Klever Swap & Exchange, Klever OS, and other future projects. Here is a detailed overview of how Klever works:

Klever Coin (KLV)

KLV is the native token of the Klever ecosystem. It is designed to bring credibility, accountability, flexibility, and independence to users worldwide. Every transaction within the Klever ecosystem goes through KLV, either directly or indirectly. KLV has numerous use cases, including:

  • Storing value and making peer-to-peer payments
  • Participating in crowdfunding and reducing swap fees by holding KLV in wallets
  • Paying for swap fees, exchange fees, and blockchain transaction fees
  • Staking to support the project and earning rewards
Tokenomics

KLV is the evolution of the TWX token. The token swap was conducted seamlessly in the Klever wallet, converting TWX to KLV 1:1 without increasing the maximum supply of 10 billion tokens. Klever burns a certain amount of KLV coins weekly based on the KLV swap fees collected on the crypto-to-crypto swap platform, which helps reduce the supply and increase the token's value.

Klever Blockchain and Consensus

The Klever Blockchain uses a Proof of Stake (PoS) consensus mechanism, where entities, companies, or individuals are chosen as validators based on the amount of KLV they hold. These validators verify transactions and mine blocks. The blockchain also employs the Practical Byzantine Fault Tolerance (PBFT) algorithm, which ensures the security and reliability of the network.

Masternodes and Staking

Masternodes are full nodes on the network that receive incentives and rewards for operating and performing actions on the blockchain. To become a Masternode, users must stake a certain amount of KLV. The staking model rewards users who support the project, and more than 50% of the circulating supply of KLV is staked inside the Klever App, which creates scarcity and increases the token's value.

Integration and Use Cases

KLV is extensively used within the Klever ecosystem, including in Klever Swap, where users can reduce their swap fees by holding KLV. It is also used for buying VIP tokens, participating in new projects through crowdfunding, and in NFT markets. Additionally, KLV can be used to buy KFI (Klever Finance Governance Token), which allows users to participate in the governance of the Klever Finance ecosystem.

Accepting Klever Payments

NOWPayments offers tools for companies to accept KLV payments, including plugins for e-commerce platforms, virtual Point-of-Sale terminals, and subscription-based crypto payments. Non-profit organizations and influencers can use donation widgets, buttons, and links to accept Klever donations.

Development and Integration

Klever OS is a series of development resources that facilitate the creation of decentralized applications (dApps). The Klever Chain, built on Cosmos technology, enhances the scalability and decentralization of the ecosystem. This allows for the integration of KLV into a broader and more developed ecosystem, making it a more attractive option for developers.

Security

Klever prioritizes security, employing the latest encryption technologies to protect user private keys and confidential data. The platform ensures true self-custody and secure ownership, making users feel comfortable and secure when using the platform for trades.

Overall, Klever (KLV) is a versatile cryptocurrency that powers a wide range of products and services within the Klever ecosystem. Its various use cases, staking model, and security features make it an attractive option for users and investors alike.

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Klever's strengths

The token Klever (KLV) has several strengths:

  1. Utility and Use Cases: KLV is the primary token of Klever Finance, which powers all platforms, products, and services of the project. It has various use cases, including storing value, making peer-to-peer payments, participating in crowdfunding, reducing swap fees, and paying for blockchain transaction fees.

  2. Staking and Rewards: KLV offers a staking feature, which rewards users with a 12-16% APR for supporting the project. This staking mechanism helps maintain the security of the Klever Network and incentivizes users to participate.

  3. Scarcity and Value: The token has a limited supply of 10 billion, and a significant portion of it is staked, which creates scarcity and increases its value. Additionally, the token is extensively used, with millions of transactions processed by the network, further enhancing its utility and value.

  1. Acceptance and Integration: KLV can be accepted as a payment method by merchants, and NOWPayments offers tools to facilitate this integration. This includes plugins for various e-commerce platforms and methods for creating crypto invoices and accepting donations.

  2. Dual-Token System: The Klever network uses a dual-token system, with KLV as the main utility token and KFI as the governance token. This separation of functions helps maintain the integrity and flexibility of the network.

These strengths contribute to the overall value and potential of the Klever (KLV) token.

Klever's risks

Klever (KLV) is a decentralized p2p and self-custody wallet network that offers safe and efficient digital asset management for various cryptocurrencies. It also provides seamless cross-chain swaps and a powerful security infrastructure. Despite its robust features, Klever (KLV) is not immune to financial risks inherent in the cryptocurrency market. Here are some key financial risks associated with Klever (KLV):

  1. Market Volatility: Cryptocurrencies are known for their price fluctuations, and Klever (KLV) is no exception. Market demand, technological advancements, and broader market sentiment can significantly influence the price of KLV, leading to potential losses for investors.

  2. Decentralized and Non-Regulated Markets: The cryptocurrency market is decentralized and non-regulated, which increases the risk of market manipulation and price instability. This lack of regulation can expose investors to higher risks compared to traditional financial markets.

  3. Security Risks: Although Klever (KLV) emphasizes security, there is still a risk of hacking and online theft. Centralized breaches can compromise private keys, leading to significant financial losses for users.

  1. Liquidity Risks: The liquidity of Klever (KLV) can be affected by various factors, including market conditions and trading volume. Low liquidity can make it difficult for investors to buy or sell KLV quickly, potentially leading to significant losses.

  2. Regulatory Risks: As the cryptocurrency market continues to evolve, regulatory bodies may impose stricter regulations on cryptocurrencies like Klever (KLV). These regulations can impact the price and liquidity of KLV, posing a risk to investors.

  3. Competition Risks: The cryptocurrency market is highly competitive, with numerous projects vying for market share. If Klever (KLV) fails to innovate and adapt to changing market conditions, it may struggle to maintain its market position, leading to potential financial losses for investors.

Investors should be aware of these financial risks and carefully consider their investment decisions in Klever (KLV) and other cryptocurrencies.

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Klever's ecosystem

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Klever’s team

  • CEO and Co-Founder: Diogenes "Dio" Ianakiara, who has extensive experience in the cryptocurrency industry and has worked with various companies.
  • CTO and Co-Founder: Bruno Campos, a Security Architect and Full Stack Architect with decades of experience as a Software Development Coordinator.
  • Core Team Members: Spread across multiple countries including Brazil, Canada, Israel, Ukraine, and the US, with a team size of over 50 people who are experts in their respective fields.

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