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FAQ about KLV coin

Ziad
Updated

KLV coin serves as the fuel for the entire Klever ecosystem. It is the native coin of Klever Blockchain, and it is the primary utility coin powering all Klever platforms, products and services. 

  1. What is the utility of KLV coin?
    KLV coin can be used on Klever Blockchain to:
    • Store value
    • Make p2p payments
    • Stake to earn rewards
    • Pay blockchain transaction fees
    • Run Klever Masternodes
    • Participate in new projects through crowdfunding
    • Pay swap fees
    • Reduce swap fees
    • Pay exchange fees
    • Reduce exchange fees
    • Create K-Tokens inside Klever Network
    • Create new tokens across supported blockchains
    • Provide liquidity for K-Tokens and Stablecoins

  2. What is the supply of KLV coin?
    The maximum supply of KLV is 10B. The current circulating supply of KLV is 5.3B. You can follow the current circulation supply on CoinGecko

  3. Does KLV has a burning mechanism?
    Klever uses 100% of the swap fees collected inside Klever Wallet app to buy back KLV coins and burn them every quarter (3 months). More than 50M KLV has been burned from the swap fees in 2021. Klever also uses a portion of its yearly revenues from all Klever products to buy KLV coins and burn them. You find below the transactions related to the previous annual burns:
    Additionally, Klever may burn a portion of the KLV collected from the crowdfundings of new projects. Previous KLV burns from project crowdfundings:
    • 100% from KFI crowdfunding, about 629.3M KLV
      👉 Burning Transaction
    • 100% from devikins (DVK) crowdfunding, about 51M KLV

  4. Where I can buy KLV coin?
    You can buy KLV coin inside Klever Wallet app using a Bank card or Apple Pay. You can also swap other crypto coins into KLV inside Klever Wallet or trade them to buy KLV inside Klever Exchange. Additionally, KLV coin is also listed on the following exchange:
    You can always check the complete list of exchanges where you can trade KLV on: https://coinmarketcap.com/currencies/klever/markets

  5. Where I can stake KLV coin?
    You can stake KLV inside Klever Wallet app. Please, take a look on the following tutorial:
    👉 How to stake KLV

  6. What is the APR of KLV staking?
    The current APR of KLV staking is 8%. However, the APR model is regressive. This means that the APR decreases every year, as follows:
      💰  8% in 2022
      💰  6% in 2023
      💰  4% in 2024
      💰  2% in 2025

  7. How many KLV are currently staked?
    You can see how many KLV are currently staked inside Klever Wallet app by tapping on the staking banner from the Portfolio screen.

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  8. What are the smart contracts of KLV coin on other Blockchains. 
    Currently, KLV is avilable on Tron, BSC and Ethereum Blockchains. The corresponding smart contracts are:

    TRC20 KLV Contract Address:
    TVj7RNVHy6thbM7BWdSe9G6gXwKhjhdNZS

    BEP20 KLV Contact Address:
    0xF78cD79b6938c882a388278eE15a2E7D17fD229F

    ERC20 KLV Contract Address:
    0xd39c604a5414C690A8a64aEFa38492c5DaFdeD30

  9. How KLV coin can reduce Swap fees inside Klever Wallet app?
    When you perform a swap inside Klever Wallet you get 25% reduction on swap fee if you pay the fee using KLV coin. Additionally, if you are swapping a token on Tron Blockchain, you get a reduction depending on the amount of TRC20 KLV coins you hold. The table below presents the swap fee you pay (a percentage from the swapped amount) depending on your holdings of TRC20 KLV:
                                                  fees.jpg
    The table shows, for every VIP tier, the swap fee you pay in both cases: if you want the fee to be cut from the swapped token, and if you want to pay the fee using KLV coin. For all VIP tiers, you get bigger reduction if you pay the fee in KLV as the 25% reduction will apply on top of the tier reduction. The tier model may be extended to apply on swaps of tokens on Klever, BSC and Ethereum blockchains.

  10. How KLV coin can reduce Trading fees on Klever Exchange?
    In the future, Klever will implement a model to reduce trading fees on Klever Exchange depending on the amount of KLV one holds inside the exchange.

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