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What is Clover Finnce?
Clover is a service defi platform built on Polkadot’s Substrate, through which Clover aims to a fast platform in terms of processing speed, low transaction fees and convenience for users…
And more Clover provides an easy-to-use interoperable blockchain infrastructure through extensive support for Ethereum EVM-based applications and a wide range of developer tools implemented.
Outstanding products such as Clover Scan and Clover multi-chain extension wallet Clover, Clover promises to bring the most advanced and smooth DeFi experience to users.
Clover Finnce solve what?
The total value of TVL is estimated at $81 billion as of press time, defi speaks for its importance in the crypto world.
The rapid growth leads to network congestion and extremely high transaction costs on the Ethereum network.
Therefore, any project that solves the problem of cost and transaction speed will attract a large number of users. Even when ETH 2.0 was born, it still had certain limitations. Clover found the answer on Polkadot.
Clover is developed based on Substrate, the foundation of the Polkadot network. As a sharded multichain network, Polkadot can process multiple transactions on several chains in parallel. Therefore, the transaction costs will be low and the speed will be much faster.
And when Substrate and Polkadot parachain technology facilitate anonymity and make the seamless verification process a reality. Clover is also an Oracles platform, used to reliably fetch off-chain data for inclusion on-chain and to enable lending, borrowing and more.
Way Clover Finnce how to solve that problem?
- SPV . chain simulation technology
Clover creates a built-in SPV chain emulation technology to enable seamless cross-chain communication and trustless two-way latches between complete and incomplete blockchains.
- EVM Compatibility
By minimizing the changes required to run Solidity smart contracts (which is an object-oriented programming language for writing smart contracts used primarily on Ethereum) existing on the new network, Ethereum projects can simply clone their dApp and deploy it to Clover using MetaMask, Truffle, Remix and other familiar tools. You can deploy many different types of DeFi DApps on Ethereum like (Uniswap, Compound, etc.) , identity, games, insurance and more.
Clover incentivizes dApp builders by automatically sharing a percentage of transaction fees with them. The redistribution will ensure a vibrant developer community and foster an innovative DeFi ecosystem on Sakura and Clover.
- Gasless End-user Experience
Clover has reinvented feeconomics to simplify the DeFi user experience. Clover can pay gas fees with the same token from the amount that the user transacts, regardless of the base currency such as ETH, DOT, etc. The transaction fee will be deducted automatically from the asset the user is trading.
- Identity-based Fee Schedule
Clover’s Dynamic Fee Schedule is a completely new gas calculation method. It allows Clover users to receive a gas discount in proportion to their network activity. Simply put, the more you use Clover, the cheaper it is.
Clover comes with various open source wallet implementations to interact with cross-chain dApps without navigating between Polkadot and Ethereum based networks. Users can send, receive, wrap and unwrap cross-chain assets on Ethereum and Polkadot seamlessly and reliably. You can now try the Clover Wallet Extension, download here.
DeFi users can connect to Ethereum, Polkadot, Kusama, Binance Smart Chain, Avalanche, Fantom and Edgeware blockchains and transact seamlessly with the Clover wallet extension.
Clover offers seamless multi-chain indexing on Bitcoin, Ethereum, Binance Smart Chain, and Polkadot. Users can search through blocks, transactions, and accounts in a streamlined environment. You can try the Beta version here.
Highlights of Clover
- Quick access: no registration or account verification required
- Peer-to-peer: no one can prevent or control the transaction
- Trust: no centralized administrative entity. CLV token holders have control over the system
- Cheaper and Faster Transactions: Polkadot solves current Ethereum network problems.
- Security: non-custodial, you will always be in control of your money unlike leaving money on the DEX.
- Private: no personal information is stored.
- Fairness: no fake orders and dirty transactions.
- Efficient: cross-chain communication and scalable on the Polkadot network.
Key Metrics Token
|Token Name||Clover Finance Token|
|Total supply||1,000,000,000 VND|
To date, Clover has raised 49,850,000. Of which $ 11,000,000 from investment funds and $ 38,850,000 from IDO on Coinlist. Details are as follows:
Token lockup and Release Schedule
Token Use Case
CLV Token is used for the following purposes:
- Opt-in Fees: Pay gas fees with CLV or have the option to pay with any network token.
- Governance: Lock CLV to elect board members and guide development through on-chain governance.
- Validation: Stake CLV to become Validator
- Treasury: CLV Holder will receive a share of profits from the fund.
- Nomination: Stake CLV to specify a node validator with a single click.
- Deployment: Use CLV to deploy smart contracts and dApps on Clover.
How to earn/buy tokens?
Now that the Token Sale on Coinlist has ended, you can wait for CLV to list CEX exchanges like Binance, Huobi… or DEX exchanges like Uniswap.. to buy and own CLV.
Note that by the time you know the article, the CLV token has not been listed on any exchanges, please note to avoid getting scam
CLV token storage wallet
Should invest in Clover Finance (CLV)
With a trio of experienced developers in the blockchain field, plus a huge backer, partner, IDO on Coinlist is also one of the plus points. Take a look at the information below:
C98 Wallet, SFP Wallet
The market currently has many very successful projects in the Wallet segment. But Clover is bringing with it the advantages of innovative ideas about improving gas fees and the convenience of transaction fee payment tokens. It would not be an exaggeration if Clover Finance was a formidable competitor to similar projects in the same industry.
Always follow CHK to update the latest news about the project.
DEFI has been growing stronger than ever with the number of TVLs constantly breaking ATH. Many experienced people in the field also think that DEFI is the future, not just a trend.
In addition, with the advantage of taking advantage of the advantages of the Polkadot network, a galaxy that promises to explode this year, Clover Finance is a name worth adding to your watchlist and following closely. star.
Hope the article gives you useful information. And all for informational purposes, not investment advice, wish you have successful investment decisions. From BTA with Love
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