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About CLV
Key Points
- Clover Finance (CLV) is a blockchain operating system.
- Founded in May 2020, mainnet launched in July 2021.
- Founders: Viven Kirby, Norelle Ng, and Burak Keçeli.
- Clover Finance is a one-stop, easy-to-use blockchain infrastructure.
- Provides a full-service cross-chain decentralized finance (DeFi) bridge.
- 128,777,778 CLV tokens in circulation, with a maximum total supply of 1,000,000,000 CLV tokens.
- CLV token is used for governance purposes and voting on system upgrades.
About CLV: Unlocking the Power of Community-Driven Value
Introducing Clover Finance (CLV): A Revolutionary DeFi Platform
Clover Finance (CLV), also known as Clover, is a cutting-edge blockchain operating system that offers a seamless, all-in-one solution, providing a user-friendly blockchain infrastructure and an Ethereum Virtual Machine (EVM) compatible framework, specifically designed for Substrate-based applications.
Clover Finance, a notable offspring of the Substrate-based Polkadot parachain, seeks to bridge the compatibility gap that arises when building and operating across disparate blockchain ecosystems.
Founded in May 2020, the Clover Finance project reached a significant milestone with the successful launch of its mainnet in July 2021.
The Visionary Founders Behind Clover Finance
The core founders of the Clover project comprise Viven Kirby, Norelle Ng, and Burak Keçeli. Notably, Kirby, a seasoned enterprise resource planner, assumes the role of project lead at Clover Finance. Prior to this, he held a position at AXSource, where he served as a Microsoft Dynamics Architect.
Norelle Ng, the operations lead at Clover Finance, is a seasoned blockchain expert with a unique blend of expertise in Human-Computer Interaction. Her impressive professional portfolio includes advisory roles at esteemed organizations such as Bithumb Global and Guru Online AdBeyond (Group) Limited, as well as a tenure as head of client relations at Amber Group.
Keçeli, presently the tech lead of Clover Finance, is a renowned computer programmer. Having embarked on his programming journey at the tender age of 10, Burak has since founded MBO Games and Staqq, a pioneering instant cross-border payments platform.
Unveiling the Unparalleled Excellence of Clover Finance
Clover Finance was conceived as a multifaceted platform, transcending the limitations of a single-service provider. Instead, it was meticulously crafted as a comprehensive blockchain operating system, comprising a robust storage layer, a sophisticated smart contract layer, a decentralized finance (DeFi) protocol layer, and an innovative eApp layer.
The Clover network offers a comprehensive, cross-chain decentralized finance (DeFi) bridge, providing a seamless gateway for all, including newcomers, to the realm of DeFi. Through Clover, developers can effortlessly create and utilize DeFi solutions, as well as develop decentralized applications (DApps) that seamlessly operate across disparate blockchain ecosystems.
The eApp (external application, a natural evolution of dApps) layer enables developers to effortlessly deploy their eApps, eliminating the need for additional virtual machines or network bandwidth.
Clover enables relayers to act as proxies for senders in a transaction, shouldering the gas fees in the base currency while receiving compensation in the denominated asset. In such scenarios, the transaction fees are deducted from the transacted assets.
The network features an identity-based gas fee schedule, which enables frequent users to benefit from lower gas fees, proportionate to their network usage frequency.
What Is the Circulating Supply of Clover Finance (CLV) Coins?
Presently, the circulating supply of CLV tokens stands at 128,777,778, with a capped total supply of 1,000,000,000 tokens.
The allocation of the one billion tokens is as follows: 40% are currently being distributed as ecosystem incentives, subject to a 36-month vesting period; 15% were sold on Coinlist; 12% will be maintained by the foundation, also subject to a 36-month vesting period; 10% will be allocated to the team of developers, again with a 36-month vesting period; 10% are reserved for early backers, with the same vesting terms; 7.5% will be reserved for marketing initiatives, also subject to a 36-month vesting period; 3% will be reserved as a contributors’ grant, with the same vesting terms; and 2.5% will be sold in a private sale to qualified investors, subject to an 18-month vesting period.
The Security Architecture of the Clover Finance Network
Clover Finance is an open, community-driven project, where collective decision-making is the cornerstone of its ethos. The CLV token serves as a multifaceted asset within the Clover Finance ecosystem, playing a pivotal role in governance and facilitating voting on system upgrades.
Holders of CLV tokens are empowered to nominate node validators on the network with ease, courtesy of a single-click deployment. This nomination process is facilitated by a proof-of-stake (PoS) consensus layer, which enables token holders to stake their CLV tokens and participate in validating transactions on the Clover network’s validator infrastructure.
The Clover system operates on a trustless paradigm, devoid of a centralized governance entity, thereby ensuring a decentralized architecture. By leveraging the Substrate framework and Polkadot parachain technology, Clover’s network is fortified with enhanced security features and accelerated transaction speeds.
Where to Acquire Clover Finance (CLV): A Comprehensive Guide
Presently, Clover Finance (CLV) can be directly acquired with fiat currencies on prominent centralized exchanges or via token swaps on various platforms. Notably, some of the leading exchanges for trading Clover Finance include Binance, Coinbase Exchange, OKEx, KuCoin, Hotcoin Global, Gate.io, and Bithumb Global.
Delve into the world of Clover Finance with our in-depth exploration.
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Associated Resources
For a more in-depth, technical examination of Clover Finance, explore our comprehensive analysis of CLV
here
.
Delve into the world of Polkadot and blockchain bridges through our in-depth explorations.
Delve into the realm of decentralized applications (DApps) and uncover the intricacies of their operation.
Delve into the realm of decentralized finance (DeFi) and discover its vast potential
here
.
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