How to Mine Klever Finance Token KFI - the Klever KLV Blockchain governance token

How to Mine Klever Finance Token KFI – the Klever KLV Blockchain governance token

The Klever Finance Token (KFI) is the Klever Blockchain governance token. KFI token holders will have an essential influence and crucial responsibility over the Klever Blockchain’s function and have complete control over the apps protocol configuration (such as application fees and functionalities), as well as approval authority over new apps using an on-chain voting system.

What is Klever ?

Klever.io is a crypto wallet ecosystem serving over 2 million users from more than 200 countries worldwide with Klever App, Klever OS, Klever Swap, and other emerging products and services. Klever App is a simple, powerful, smart and secure crypto wallet for Bitcoin (BTC), TRON (TRX), Ethereum (ETH), Binance (BNB), Litecoin (LTC) and other top cryptocurrency assets.

Klever is a decentralized p2p and self-custody wallet network, putting the private keys in the hands of their users. This means that the users have total and full control of their private keys and that the Klever team cannot at any time or in any way access users’ funds or view their private keys.

Klever is made for people who aim to be in control of their own money and crypto, and the app is optimized for mobile payments and a decentralized economy where the user holds the keys to their financial future, without censorship, and with full privacy and anonymity.

Klever offers true and secure ownership of cryptocurrency. The security of Klever App is ensured by being built on top of Klever OS (Operating System), which uses advanced security mechanisms that completely protect the users’ private keys and funds.

Klever’s encrypted and secure architecture makes private keys and sensitive data available only on the user’s specific mobile device, as Klever utilizes the latest military-grade technology for encryption.Buy Coins & Swap CryptoUsers can buy KLV and cryptocurrencies with a credit or debit card from anywhere in the world and receive the purchased coins in their Klever wallet in minutes, with full security all inside the Klever App.Klever offers more than 300 instant pairs for direct trade in Klever Swap, which allows users to securely convert any coin or token to another at the push of a button, without having to leave your wallet. KLV serves as the fuel for Klever Swap, and enables reduced and lowered Swap fees. KLV Staking inside the Klever App enables users to earn a passive income and claim rewards on every hour. There is currently more than 51% of all KLV in circulation frozen and staked by Klever users. Klever Supports 10 Blockchains & Thousands of Cryptos.

GET KLEVER APP

The Klever ecosystem supports the world’s major blockchains, including:
– Bitcoin (BTC)
– Ethereum (ETH)
– TRON (TRX)
– Binance (BNB)
– Ripple (XRP)
– Litecoin (LTC)
– DigiByte (DGB)
– DogeCoin (DOGE)
– Dash (DASH)
– Bitcoin Cash (BCH)
– All ERC20 token
– All TRC10 and TRC20 tokens
– All BEP20 tokens

Klever Ecosystem & Roadmap

Klever App is a central element of the Klever ecosystem, but only one part of the whole network. Klever OS serves as the foundation and security mechanism for the entire Klever network of products and services, with the upcoming Klever SDK (Software Development Kit) to offer a plug-and-play crypto wallet for all developers who want to integrate blockchain features into their app, website, wearables or other applications. The Klever team will launch a series of new platforms to expand the product series of the ecosystem, including Klever Exchange in Q1 this year, Klever Browser for mobile, Klever Bank. in Q2 2020, and Klever Blockchain. KLV will serve as the main utility token on all Klever’s current and future platforms.

Why should you use a crypto wallet?

Cryptocurrency wallets are the only safe way to store your cryptocurrencies.

Many people leave their cryptos directly at exchanges, but delegating custody of their currencies to third parties is always a risk.

Why choose Klever Wallet then?

Our wallet, in addition to being super secure, is also one of the most complete on the market, allowing access to all the features of each blockchain giving super powers to users far beyond conventional crypto transactions.

Your keys, your cryptos. If you don’t have access to your address’s private key, your cryptocurrencies will always be at risk.

Inside the Klever Blockchain, KLV is the main utility token used for transaction gas and energy usage – KFI is the governance token for the Klever community and its main utility is to empower a world-wide distributed community to innovate in p2p technologies and advance decentralized finance products and services.

KFI holders will be able to use KFI on Klever Blockchain to:

Vote for new app proposals.
Vote for change of app proposals.
Vote for new projects.
Earn network rewards when participating in the governance of the blockchain.
KLV holders globally will be given the opportunity to mine KFI by adding KLV into daily mining pools. All KLV used to mine KFI will be burned and removed from KLV’s circulating supply.

Only 150,000 KFI will initially be mined and the token is scarce in nature.

A total max supply of 1,000,000 KFI will ever be created through a halving process, and the full minting process will autonomously be taking 20 years to complete.

Why mine KFI?

A total of 100,000 KFI will be made available for mining to the global KLV community during the KFI Mining and KLV Burn Event of March 22-March 25, 2021.

All KLV used to mine KFI will be burned and removed from KLV’s circulating supply. KLV users globally will be given the opportunity to mine KFI by adding KLV into daily mining pools. Klever Blockchain will distribute kapp fees as KLV network rewards to the KFI governance community as a reward for the responsibility and essential work involving in governing the blockchain.

Each Klever Blockchain app, or kapp, can have their own set of fees. Rewards are fees automatically collected on apps. The power to approve or deny new kapps lies exclusively in the hands of the KFI governance community. By using the KFI governance voting system, KFI holders will ensure that Klever Blockchain will be free of scams and suspicious apps since the KFI governance community are the ones reviewing and approving the deployment of new kapps.

How to mine KFI?

DOWNLOAD KLEVER

🚨 Read all instructions carefully. If your deposit does not meet all of the requirements below, your KLV will be forfeited.

All people who have the KLV token will be able to add it as liquidity to extract the KFI utility token at the end of the period.

The process will be automatic, just send your KLV to the address of the QR Code and at the end of the period you will receive the KFI at the same origin address as the your KLV. *

Send your KLV

March 22-March 25
Send your KLV to the pool address below in the QR Code (The QR Code will be available from the start date). The KLV sent outside the stipulated period for missed participation.

KLV Burn

March 26
All KLV sent to the KFI mining address at klever.io/labs during the mining event will be burned, in what is set to become one of the largest coin burns in the history of crypto.

KFI Distribution

March 29
The available amount of KFI (100,000) will be divided by the entire amount of KLV received and each KLV sent will receive the proportional amount in KFI to which it is entitled. **

What is the difference between KLV and KFI?

To clarify, KLV Coin is the main utility token of the Klever Blockchain and KFI is the governance token of the blockchain.

Klever Blockchain allows us to build unlimited point-to-point applications in the chain. Each protocol application will have its own fee contribution model for the network itself and the KFI governance community. As more applications are developed on the Klever Blockchain, more value flows to liquidity pools through the KLV and more rewards are distributed to the KFI governance community.

How can I use KFI on Klever Blockchain?

You can use KFI on Klever Blockchain to:

• Vote for new proposals
• Vote for new projects
• Vote for proposal changes
• Vote for upgrade proposals
• Earn network rewards

Will I receive my KLV again after mining?

No. At the end of the mining period, all KLVs received will be burned, your KLV will be returned in KFI an amount that varies according to the total KLV sent during the period by all users.

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