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What Is Clover Finance (CLV)?
Clover Finance (CLV) is a blockchain operating system that provides a one-stop, easy-to-use blockchain infrastructure and an ethereum virtual machine (EVM) compatible framework for Substrate-based applications. It aims to bridge the compatibility gap when building and operating across blockchains.
The project was founded in May 2020 and the mainnet of Clover Finance launched in July 2021.
Who Are the Founders of Clover Finance?
The core founders of the Clover project are Viven Kirby, Norelle Ng, and Burak Keçeli. Kirby serves as the project lead, bringing his experience as an enterprise resource planner. Ng, the operations lead, is a seasoned blockchain expert with a background in Human-Computer Interaction. Keçeli, the tech lead, is an acclaimed computer programmer.
What Makes Clover Finance Unique?
Clover Finance is designed as a blockchain operating system that offers multiple services to users. It contains a storage layer, a smart contract layer, a DeFi protocol layer, and an eApp layer.
The network provides a full-service cross-chain decentralized finance (DeFi) bridge, allowing developers to create and use DeFi and decentralized applications (DApps) that work across blockchains.
Clover also allows relayers in a transaction to act on behalf of the sender and cover the gas fees in the base currency while receiving compensation in the denominated asset.
The network has an identity-based gas fee schedule, offering lower gas fees for frequent users.
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How Many Clover Finance (CLV) Coins Are There in Circulation?
Currently, there are 128,777,778 CLV tokens in circulation, with a maximum total supply of 1,000,000,000 CLV tokens.
The allocation of the one billion tokens is as follows: 40% for ecosystem incentives, 15% sold on Coinlist, 12% for the foundation, 10% for the team of developers, 10% for early backers, 7.5% for marketing, 3% as contributors grant, and 2.5% sold in a private sale to qualified investors.
How Is the Clover Finance Network Secured?
Clover Finance is an open project governed by the community. The CLV token is used for governance purposes and voting on system upgrades.
Holders of CLV tokens can nominate node validators on the network using a proof-of-stake (PoS) consensus layer. The Substrate framework and Polkadot parachain technology add security and speed to the Clover network.
Where Can You Buy Clover Finance (CLV)?
You can purchase Clover Finance (CLV) directly with fiat currencies on centralized exchanges such as Binance, Coinbase Exchange, OKEx, BYDFi, Hotcoin Global, Gate.io, and Bithumb Global. Token swap is also available on several exchanges.
For more information about Clover Finance, check out our deep dive.
If you're new to cryptocurrency, learn how to enter the market and buy BTC, CLV, or any other token here.
Answers
What Is Clover Finance (CLV)?
Clover Finance (CLV) is a blockchain operating system that provides a one-stop, easy-to-use blockchain infrastructure and an Ethereum Virtual Machine (EVM) compatible framework for Substrate-based applications. It aims to bridge the compatibility gap when building and operating across blockchains. The project was founded in May 2020 and the mainnet of Clover Finance launched in July 2021.
Who Are the Founders of Clover Finance?
The core founders of the Clover project are Viven Kirby, Norelle Ng, and Burak Keçeli. Viven Kirby serves as the project lead, bringing his experience as an enterprise resource planner. Norelle Ng, the operations lead, is a seasoned blockchain expert with a background in Human-Computer Interaction. Burak Keçeli, the tech lead, is an acclaimed computer programmer who has created MBO Games and Staqq, an instant cross-border payments platform.
What Makes Clover Finance Unique?
Clover Finance is a blockchain operating system that offers a full-service cross-chain decentralized finance (DeFi) bridge. It provides a seamless portal for users to access DeFi and create decentralized applications (DApps) that work across blockchains. The network contains a storage layer, a smart contract layer, a DeFi protocol layer, and an eApp layer. Clover also allows relayers in a transaction to act on behalf of the sender and cover the gas fees in the base currency while receiving compensation in the denominated asset. The network has an identity-based gas fee schedule, allowing frequent users to pay lower gas fees.
How Many Clover Finance (CLV) Coins Are There in Circulation?
Currently, there are 128,777,778 CLV tokens in circulation, with a maximum total supply of 1,000,000,000 CLV tokens. The token allocation includes ecosystem incentives (40%), Coinlist sale (15%), foundation (12%), team of developers (10%), early backers (10%), marketing (7.5%), contributors grant (3%), and private sale to qualified investors (2.5%).
How Is the Clover Finance Network Secured?
Clover Finance is secured through collective decision-making by the community. The CLV token is a multi-use asset used for governance and voting on system upgrades. Holders of CLV tokens can nominate node validators on the network using a proof-of-stake (PoS) consensus layer. The Substrate framework and Polkadot parachain technology add extra security and speed to the Clover network. The system operates without centralized governance.
Where Can You Buy Clover Finance (CLV)?
Clover Finance (CLV) can be purchased directly with fiat currencies on top centralized exchanges or through token swaps on various exchanges. Some of the top exchanges for trading in Clover Finance include Binance, Coinbase Exchange, OKEx, BYDFi, Hotcoin Global, Gate.io, and Bithumb Global.
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Popular Q&A
- Can you provide detailed information about the security measures implemented by CLV Finance to protect digital assets? How does CLV Finance ensure the safety and security of user funds?2021-12-24
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