All About Klever Blockchain: Unveiling KLV’s Utility, Supply and More

KleverCoin (KLV), the native token of the Klever Blockchain, is designed for simplicity and efficiency. With low transaction fees, it powers cost-effective transfers and smart contract execution, making blockchain accessible for everyone.

Users can stake KLV to enhance network security while earning rewards, encouraging active participation. Developers use KLV to build and launch decentralized applications (dApps), tokens, and stablecoins, driving innovation within the ecosystem. The token is integrated into key Klever services like Klever Wallet and Klever Swap, ensuring a seamless user experience. With its versatile utility and central role in the ecosystem, KLV stands out as a valuable asset for anyone engaging with blockchain technology wanting speed, scallability and security.

So, what is KleverCoin?

Simply put, KLV is the heart of the Klever Blockchain, offering an affordable, easy-to-use solution for decentralized applications, financial transactions, on-chain activities, and rewards, all while encouraging active participation in the network.

How many KleverCoins (KLV) are there in circulation?

Users can always find updated information about the Klever Blockchain on kleverscan.org.

*Translating, FPR stands for Fixed Percentage Staking, a method that provides users with predictable returns when staking KLV.

What is KLV used for?

KleverCoin (KLV) is the heart of the Klever Blockchain, making things easier and more rewarding for both developers and everyday users. Whether it’s saving money on transactions or earning rewards, KLV helps everyone get more out of the blockchain. Here’s how KLV adds value and makes the ecosystem better for all:

Cost Efficiency and Transaction Fees

• Low Transaction Fees: KleverCoin offers highly competitive fees, making it an economical choice for transfers, smart contract executions and other interactions.
• Integrated Gas Fees: Developers can use their own tokens to cover network fees on Klever Blockchain. A KDA pool converts these tokens into KLV automatically, streamlining transactions and enhancing user experience.
• Discounts on Swap Fees: Holders can opt to pay swap fees with KLV within the wallet, unlocking exclusive discounts. This feature reduces costs for frequent traders and incentivizes the use of KLV, enhancing its utility across the ecosystem.

Staking and Rewards

KLV provides multiple opportunities for users to earn rewards and contribute to the ecosystem through staking and governance participation.

• Staking for Network Security: By staking KLV, users support the Delegated Proof of Stake (DPoS) consensus mechanism, enhancing network reliability and security.
• KFI Staking Rewards: Users staking KFI, Klever’s governance token, earn KLV as a reward. In turn, this incentivizes governance participation and strengthens KLV’s role as a reward and utility token in the ecosystem.
• Incentives for Holders: Staking KLV provides meaningful returns that can be reinvested or used in other ecosystem services, fostering a circular economy.
  

KLV: The Foundation of the Klever Blockchain Ecosystem

Klever Blockchain is a Layer 1 platform powered by KleverCoin (KLV), which simplifies and democratizes access to decentralized technologies. As the ecosystem’s native token, KLV plays a vital role in developing decentralized applications, smart contracts, DeFi and user-friendly blockchain interactions.

Simplifying Development and Innovation

• Ease of Use: KLV streamlines the creation of smart contracts through “prebuilt smart contracts,” allowing developers to deploy dApps, or Kapps (Klever apps), without any coding expertise.
• No-Code Features: Developers can also perform complex operations like asset creation, validator management, Initial Token Offerings (ITOs), and marketplace setup—all accessible via KleverScan without needing to write a single line of code.

Affordable Transactions for All

• Low Fees: With KLV at the core of the ecosystem, Klever Blockchain ensures transaction costs remain minimal, benefiting both developers and everyday users.

Scalable for Future Growth

• High Throughput: KLV supports Klever Blockchain’s ability to handle up to 3,000 transactions per second (TPS). This makes it an ideal platform for diverse applications, including DeFi, NFTs, stablecoin creation, and micropayments.

Together, these features create a secure, reliable, and scalable foundation for the Klever Blockchain, empowering innovation and growth.

KLV: Driving the Klever Ecosystem Forward

As the cornerstone of Klever Blockchain, KleverCoin powers transactions, network fees, staking, and rewards. The token empowers users and developers, ensuring a seamless and efficient blockchain experience while fueling innovation and growth across the ecosystem.

Klever Wallet: Your Gateway to Blockchain Technology

Klever Wallet connects users directly to the blockchain, serving as an intuitive interface for fee payments, staking, token swaps, and more. It simplifies engagement with the network, making blockchain technology accessible to everyone.

Klever Swap: Affordable and Efficient Token Exchanges

Klever Swap provides users with cost-effective token exchange options, including discounts to pay fees with KLV. This ensures secure and affordable swaps across the ecosystem.

Klever Extension: A Tool for Developers and Power Users

The Klever Extension empowers developers, gamers and advanced users to seamlessly interact with decentralized applications (dApps), execute transactions, and manage blockchain assets. Supporting multiple blockchains, it offers a versatile solution for accessing Klever Blockchain’s advanced features and expanding your blockchain interactions.

KleverScan: A Powerful Interface for Blockchain Exploration

For blockchain users, KleverScan offers a powerful interface to explore blockchain data, including transactions, assets, and network activity. It ensures transparency and accessibility for developers and users alike.

A Unified Experience Across Platforms

KLV integrates seamlessly with all Klever-related tools and products, delivering a unified and user-friendly experience. Whether through the Klever Wallet, Swap, Extension, or KleverScan, KLV connects users and developers to the full potential of the Klever Blockchain, empowering them to innovate, interact, and grow with ease.

Is KLV Safe? How Does Klever Blockchain Ensure Network Security?

Security is at the heart of everything we do. As a result, Klever Blockchain is undergoing a CertiK security audit to enhance its reliability. We’re also striving to become fully open-source, fostering transparency and encouraging community collaboration.

Consensus Mechanism

Klever Blockchain uses Delegated Proof of Stake (DPoS), where validators are selected based on their stake. This makes transactions faster and reduces delays. It also uses Practical Byzantine Fault Tolerance (PBFT), a consensus mechanism that ensures the network remains reliable and operational even if some nodes behave maliciously or fail. Together, these systems ensure strong security and smooth operations.

Masternodes and Network Security

The network features masternodes—nodes with significant stakes responsible for transaction validation and block production. The network relies on masternodes—nodes with significant stakes that validate transactions and produce blocks. Masternodes earn rewards, ensuring their active participation in maintaining network security. The network operates in 4-second slots and 6-hour epochs, with 21 masternodes randomly selected as validators at the start of each epoch, promoting fairness and enhanced security.

Transaction Fees and Masternode Requirements

On-chain voting determines transaction fees, which vary based on the type of transaction. For instance, a standard transfer costs 3 KLV. Therefore, to become a masternode, validator needs to staking a minimum of 1.5 million KLV, while 10 million KLV is needed to participate in block production. Masternodes earn rewards from transaction fees and block production, promoting network reliability. Click here to view the full transaction fee list of Klever Blockchain.

Developer Tools and Smart Contracts

Klever docs offers developers comprehensive tools, including official Software Development Kits (SDKs) in multiple programming languages, simplifying integration and development. Also, the Klever Virtual Machine (KVM) further enhances the platform, enabling the execution of native smart contracts. Currently available on the testnet, KVM opens up opportunities for creating innovative decentralized applications and solutions.

Where Can You Buy KleverCoin (KLV)?

As of November 19, 2024, users can purchase KleverCoin (KLV) on various centralized exchanges (CEX) such as DeFi Bitcoin.me, MEXC Global, Gate.io, CoinEx, KuCoin, Huobi, and Bitget. Additionally, KLV is available on several decentralized exchanges (DEX) and swap tools.

Real-World Use Cases for KLV

KleverCoin (KLV) goes beyond blockchain transactions, offering real-world utility in industries like travel, shopping, gaming, and more. Furthermore, its versatility enables users to access decentralized finance (DeFi) while addressing practical needs also making it a token with real everyday applications.

1. Travel and Experience Bookings

With KleverCoin, you can book flights, hotels, and experiences through Travala, a platform where crypto meets travel.

2. Blockchain Transactions Made Simple

KLV makes using blockchains easier by simplifying how transactions work across different networks:

• Cross-Chain Swaps: Users can pay swap fees with KleverCoin (KLV) while exchanging tokens between Klever Blockchain and other blockchains.
• Fee Flexibility: Users can also pay transaction fees with KDA tokens when using Klever Blockchain assets, making the process smooth and flexible.

Example: Imagine a developer moving tokens between Solana and Klever Blockchain. They can use KLV to pay the fees, making the swap quick and simple.

3. Gaming and GameFi

Moreover, KleverCoin is undeniably making waves in the gaming industry, especially in blockchain-based games and casino platforms. This integration allows users to stake, play, and transact seamlessly with KleverCoin.

Blockchain Games: Players use KleverCoin for in-game purchases, unlocking special items, skins, and levels within Klever-enabled gaming ecosystems.

By integrating KLV into gaming, users gain access to innovative features that make gameplay more engaging and rewards more accessible, empowering players to enjoy a seamless and decentralized gaming experience.

Unlock the Potential of KleverCoin (KLV) – Start Your Journey in the Klever Ecosystem Today!

Visit KleverScan.org for the latest Klever Blockchain metrics.