After 3 years of research & development, Klever Exchange is finally live on Google Play Store, ushering in a new era for crypto trading based on simplicity, market-leading speed & ironclad security.
Klever Exchange is launched to provide a simple, intuitive, safe and powerful user experience where literally anyone can trade, with unmatched trading speed and advanced security architecture.
Klever Exchange was created as a home to users who are completely new to crypto trading by providing a simpler user experience, while enabling reliability and useful features to experienced traders through market-leading speed, ironclad security, and lower fees for all.
The ultimate trading experience is klever.
Klever Exchange trading engine is built in an innovative way that enables it to handle over 3 million transactions per second. Per orderbook. To compare with the current industry standard, top exchanges are able to process up to 1 million transactions per second at most.
We are able to achieve more than 3x this speed by having each trading market and orderbook act fully autonomous from one another.
Klever Exchange is a centralized crypto-to-crypto exchange built through the use of multiple decentralized technologies with a clear emphasis on security, high performance, reliable, elegant user experience and usability through easily accessible features.
Initially, Klever Exchange will be offering spot trading to its users, with future plans for margin and futures trading options. Klever Exchange will also later this year be using the upcoming Klever Blockchain and the apps running natively on the Klever Blockchain for increased efficiency, infused liquidity and optimized performance.
Upon launch, Klever Exchange will go live with the following key pairs, with hundreds more to be added in the coming weeks and months:
KLV-USDT, KLV-TRX, KLV-BTC, KFI-KLV, ETH-BTC, ETH-KLV, USDT-BTC, TRX-BTC, TRX-USDT, TRX-ETH.
The Google Play version for Android is now live, and the iOS version of Klever Exchange will be released on July 30, while the web version is set to launch on August 30.
Klever Exchange is built to be a borderless and global trading platform where literally “anyone can trade”.
All features and concepts deployed on Klever Exchange are built and designed with the end users in mind. This includes both users that are taking their first steps in the world of crypto and do not yet understand how crypto trading exactly works, but at the same time facilitating advanced tools for more seasoned traders to profit and benefit from.
Klever Security
Klever Exchange is using an innovative and proprietary security software architecture we have been perfecting for years through our work in the crypto wallet field and banking sector, making the exchange wallet system extremely secure, based on the latest encryption methodologies available.
The Klever Exchange will offer custody to user funds in multiple Klever Security Modules (KSMs). These KSMs will autonomously manage the funds between themselves based on the balance that they are storing. The security architecture of the KSMs will follow strong security patterns to encapsulate the access to them, and enable them to only communicate with our services. The KSMs instances are using the already consolidated Klever Core used in the Klever Wallet, all based on Klever OS (Operating System).
The autonomous order book on the Klever Exchange provides an extremely high throughput of orders. Multiple KSMs will custody users funds in a unique, independent and extremely secure way.
Klever Global Support
The Klever Support Team consists of more than 30 dedicated customer support agents who provide swift and personal support to all of our users worldwide.
Users of the Klever Exchange will have access to the same high-quality level of support that our Klever Wallet users enjoy today. The Klever Support team will attend our users’ requests 24 hours a day, 7 days a week, making sure that all questions and potential issues that our users are facing are met in a professional and timely manner.
We truly believe that providing first-class support is a core part of providing an optimal and seamless user experience on our platforms, with particular emphasis on the Klever Exchange.
Klever New Market Makers Program
Klever Exchange introduces a new Market Maker Program, with a competitive rebate on each maker order trade facilitated. The reward will be distributed in real time to the market makers after every trade.
Market makers, or liquidity providers, are essential to any token issuer success and has been a requirement for listing tokens on larger, more reputable centralized exchanges. The role of a market maker is to maintain bid orders and offer orders of a certain size within a predefined price spread on a continuous basis.
Klever’s high speed trading engine offers throughput of over 3M transactions per second, ensuring speed and reliability for both market makers and traders. For market makers, Klever Exchange offers an advantageous offer for those who enjoy the profitable opportunities of crypto-to-crypto exchanges.
Investors benefit from higher liquidity and reduced risk through more efficient pricing. Market makers make listed projects more attractive for investors, especially those seeking large-size investments.
As crypto continues to explode in popularity and value over the next few months and years, Klever will become the crypto hub that supplies the necessary liquidity for various crypto projects to operate, while ensuring reliability and never before seen trading engine speed.
Klever Coin (KLV)
Klever (KLV) is the main utility token powering all aspects of the Klever Exchange. KLV is the fuel for innovation and will serve as a key trading pair for all future listed coins and tokens on Klever Exchange.
In other words, all coins that we will support on Klever Exchange will have a direct trading pair to and from KLV.
Additionally, all Klever Exchange trading fees, exchange fees, swap fees and withdrawal fees will be paid in KLV, while market makers will be able to add liquidity to liquidity pools using KLV where users will be able to participate in KLV mining pools and KLV staking. Moreover, market makers will also be rewarded by adding to liquidity pools, and KLV will be used as liquidity for other tokens.
Klever Foundation move funds to 10 public addresses for increased transparency
Today we are checking one more milestone in our roadmap: The great launch of Klever Exchange!
Klever was crowdfunded by the community in 2018 and so far we have extended our market leadership as a wallet to incredible extent and global reach.
We have grown from zero to top 100 token on coingecko.com, the most recognizable non biased crypto rank. Today, we are top 165 and the feeling is like the beginning of a great journey. It’s day 1 for us and the entire crypto and blockchain community.
Klever Coin (KLV) is the evolution of TWX tokens and converts TWX to KLV 1:1 without any increase of the max supply of 10B KLV tokens, in accordance with our original Klever Whitepaper.
The token swap can be conducted seamlessly in our wallet’s built-in Swap. Since the beginning of the journey of TWX, we have reduced the max supply from 30B tokens to 20B and then 10B tokens by burning more than 67% of all tokens.
In an effort to increase transparency and security measures, the Klever Foundation funds will swap and move 2 billion KLV in Foundation funds to 10 public addresses and increase circulating supply, giving the global Klever community a simple and direct way to verify the addresses by themselves. Klever Foundation will complete its full funds migration (3,4 billion TWX) with the launch of Klever Blockchain.
To reiterate, KLV will maintain the same max supply of 10B.
The Klever Foundation funds will be distributed to the following 10 public addresses for the community to have full transparency:
TBmKCtscG34xEgQdCTRMvRMKfyoABHqesx
TN3FdUAMa8QeQFQrgVr98zeNRSSvmrPvAg
TVm4cTjEsVCwe2ZjXSm5Kc3vBSNginwz7v
TMowwaAbYUjtw6W7wwZmDPZWHJst5wRTPn
TTo1ef1pQpj6FE3TfrY36bqrjwAX4QWyFn
TDmb1LTYKvvKGAYdKYMq1RkQ2AcbcanemE
TTrCkGx4dJis4xn731qNTLNYCnmPQPEH8c
TL5xofijPAM27T2ALkbAVwcDUUcZEan1Tk
TMe79ffXhYbwPk8zAC8n6vXZo4fXDer9oy
TPVJzWV3LLaoMm6iybi8wNA5NhLXisafKF
Liquidity Challenge & How Klever Solves It
The Klever Exchange launch is a highly anticipated event for the global KLV community and the crypto sphere at large given the new innovation and proprietary technology used to build the platform’s trading engine.
In order to provide liquidity for the Klever Exchange operations, the Klever Foundation will provide liquidity by infusing KLV from Foundation Reserves to power the exchange.
Is Liquidity Positive or Negative? Neither nor the other, it is necessary for growth.
When we invest in a financial asset, the first point we think about is how much this asset will appreciate, how much will we actually earn with this investment. This is, without a doubt, the main motivator of all the investments we make, however, there is a characteristic of all assets that is very important to take into account when making an investment: the liquidity that this asset has: Is it easy to sell or buy the asset whenever you want?
Being able to turn this capital gain into cash is fundamental to achieving the result achieved. That’s where this word called Liquidity comes in. It simply means how easy it is for an asset to be turned into cash without significant loss of value. This concept refers to the agility with which an investor is able to liquidate an investment in order to return to having money on hand without, for that, having to lose money.
So, who generates this essential liquidity?
Usually the market itself generates liquidity for the best and most popular assets. For new projects that are in the initial phase, it is very common to have a liquidity provider. The role of this liquidity provider is to provide the security to investors that they will be able to buy or sell their assets without loss of capital, since there will always be someone interested to be a buyer or a seller.
With that peace of mind, investors focus on what’s most important: the analysis of how much the asset can potentially appreciate over time.
Responsibly generating liquidity is an effective way to support the growth of an asset without wildly increasing the max supply of the asset. Having an effective liquidity generator is like having a gardener watering and taking care of our plants so that they grow and flower even stronger and more beautiful.
Klever Exchange Roadmap
Read more about Klever Exchange in the Whitepaper at: klever.io/en/exchange/Klever_Exchange_Whitepaper.pdf
Find out more about Klever at: klever.io
Sincerely,
Klever Team
