What Is Klever Finance (KFI)?
Instead of being a smart contracts platform, Klever Finance will provide prebuilt and ready-to-use apps and functionalities that are native to the blockchain. This period requires users to update their Klever Wallet, K4 apps in both app stores to use the Swap bridges displayed below. Klever Genesis Block goes live. Klever believes that everyone deserves access to essential financial tools and Klever’s blockchain launch marks a game-changer for the ecosystem.
KleverChain Mainnet Genesis Block will not mint new KLVs for block rewards because all validators will initially come from the Klever Foundation until Mainnet is stable. KFI governance token holders will propose and vote once Mainnet is stabilized to activate public validators’ participation and payout of block rewards. Be sure to follow us on social media to stay up to date.
Klever Finance Storage Key Points
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|Official Project Website
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Groundbreaking KleverOS SDK
With Klever Finance simplifying approach, mobile and web developers do not need to understand crypto or blockchain anymore. They will be able to offer decentralized financial services with very low code integrations. Masternodes earn block confirmation rewards when transactions are confirmed by its blockchain node.
Using Klever SDK (Software Development Kit) the developer will be able to build and broadcast transactions for multiple currencies and blockchains with ease without any previous knowledge of cryptography or blockchain.
Klever Finance Token (KFI)
KFI token holders have complete control over the apps protocol configuration (like application fees and referrals) and approval of new apps using an on-chain voting system.
Rollout Phases of Klever Blockchain
KleverChain’s stability is essential during Phase 0. As part of this rollout period, Klever Finance will be focusing on the stable nature of the blockchain, initiating activities on-chain, and responsibly activating key features for your users and developers in planned stages. Initially, KleverChain validators will be deployed by Klever Foundation to ensure stability and reliability for the blockchain launch.
New KLV Supply Following Mainnet Migration
As previously announced, the KleverChain Migration will move the remaining Klever Foundation KLV reserves from the Tron Network to Klever Blockchain, creating the new supply of 8.874 billion KLV.
- The total max supply of KLV will never exceed 10 billion KLV. The burn of KLV that occurs for each transaction on KleverChain will assist in your goal toward a deflationary model.
- Every January, Klever Finance will burn a significant amount of KLV based on the previous year’s Klever Swap revenue. Using this mechanism, approximately 5B KLV tokens will be burned and removed from circulation.
- In the coming years, roughly 5 billion KLV will be burned, including some created through Klever Staking. The inflation rate for the new KLV are as follows: the end of 2020 it was 12 %, 2021 ~ 10 %, 2022 ~ 8 %, 2023 ~ 6 %, 2024 ~ 4 %, 2025 and onwards ~ 2 %.
A major milestone in Phase 3 is the official release of the Klever Web Extension on the Chrome web store, allowing millions of users to engage with KleverChain via Chrome, Chromium, Opera, and Edge web browsers. With this, Klever Exchange Web Extensions can be fully activated, providing seamless access across the Klever Blockchain ecosystem. Among the key events are the Mainnet Bugs and Security Bounty Hackathon Announcement as well as the long-awaited Hackathon Content Creators Announcement.
Klever Finance K5 activation of a range of functions and services will make KleverChain more accessible to users in Phase 4. Among the biggest features are staking, swapping and browser integration among others, while NFT listings and external validators joining consensus on KleverChain follow closely behind.