KLV and KDA
Klever Digital Assets
KLV is the main utility token of the Klever Blockchain.
Klever Swap uses KLV as its fee engine. All users can either reduce their swap fees by holding KLV in their wallet or pay fees in KLV thereby receiving lower costs for fees. Additionally, any fee paid on Swap using other coins or tokens is instantly converted to KLV by buying off the market, adding to KLV’s liquidity and usability. A portion of the KLV collected from Swap fees is burned daily.
KDA are the Klever Blockchain Digital Assets. Digital Assets are meant to build utilities inside Klever Network. KDA can be used inside Klever Network apps and are extremely fast, reliable and secure. Klever Blockchain offers native token creation and features without the need for complicated smart contracts.
Anyone can create KDA using Klever Wallet and the initial cost to create one will be 20,000 KLV.
The Klever Finance Token (KFI) is the Klever Blockchain Application governance token.
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. KFI owners are entitled to receive application rewards in KLV.
- As a main feature, network participants are able to add KLV as liquidity for all Klever-based Tokens in order to mine KFI tokens.
The KFI will be utilized as the users voting power with respect to the KApps.
KFI holders will be able to vote for the following topics:
- New application proposals
- New projects
- Changing application proposals
Last modified 6mo ago