Global | Klever News: Recent Episodes

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We are excited to announce that Klever has recently joined the Web3 Domain Alliance, a group dedicated to promoting the development and advancement of blockchain domain registries. As a member of this alliance, we are committed to supporting the development of unique and interoperable blockchain domain namespaces, as well as advocating for the legal protection and market acceptance of blockchain namespace.

The Web3 Domain Alliance believes that blockchain-based generic web3 Top Level Domains (“TLDs”) developed and marketed by a specific organization are intellectual property, and that industry participants should respect the intellectual property rights of all blockchain naming services for the benefit of consumers as well as applications that want to support blockchain domain functionality. This aligns perfectly with our vision at Klever, as we strive to deliver innovative and secure blockchain-based solutions to our customers.

By joining this alliance, Klever is pledging to work with fellow members to promote the advancement of the Web3 Domain Alliance’s policy positions. We will also protect our intellectual property rights, including trademark rights, in our web3 TLDs. Our commitment to protecting user privacy and data security will remain our top priority, and we will work diligently to develop interoperable NFT domain naming systems that avoid namespace collisions with existing Web3 naming systems.

We believe that the Web3 Domain Alliance’s commitment to the technological advancement of blockchain domain registries, as well as consumer protection, is an essential step toward mainstream adoption of blockchain technology. As a member of this alliance, we will advocate for the policy position that NFT domain registry owner-operators create trademark rights in their web3 TLDs through first commercial use with market penetration. This will ensure that NFT domains are recognized by a broad community of stakeholders, as well as the public.

At Klever, we are thrilled to be part of this innovative and forward-thinking community. We believe that by working together with other Web3 Domain Alliance members, we can drive innovation and make a meaningful impact in the blockchain domain space. We look forward to collaborating with our fellow members and advancing the development of blockchain-based solutions.

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With so many options available, it can be difficult to determine which wallet is the best choice for your digital assets. That’s why we want to introduce you to Klever Wallet, a decentralized crypto wallet that provides top-notch security features to keep your crypto assets safe.

What is Klever Wallet?Klever Wallet is a self-custody app that allows users to manage their crypto assets in a secure and convenient way. The wallet provides a variety of security features, such as encrypted private keys, biometrics, and top-notch blockchain cryptography, to ensure that your digital assets are always protected.

Unlike centralized wallets, Klever Wallet does not hold any personal information about its users, giving you complete control over your crypto assets.

Why Choose Klever Wallet for Your Crypto Assets?1. Decentralized: Klever Wallet is a self-custody app, meaning that your personal information is never stored on a central server. Instead, the 12 encrypted words that unlock your balance are known only to you, providing added security for your crypto assets. 2. Biometrics and Blockchain Cryptography: Klever Wallet offers biometrics features and top-notch blockchain cryptography to keep your digital assets secure. This provides an extra layer of security, ensuring that your crypto assets are protected at all times. 3. User-Friendly Interface: Klever Wallet has a user-friendly interface that makes it easy for anyone to manage their crypto assets, even if they are new to the world of cryptocurrency. With Klever Wallet, you can Send, Receive, Charge, Buy, and Store your crypto assets with ease.

In the rapidly evolving world of cryptocurrency, having a secure crypto wallet is essential. Klever Wallet provides a decentralized platform that offers top-notch security features to keep your digital assets safe.

From encrypted private keys to biometrics and blockchain cryptography, Klever Wallet is the perfect choice for anyone looking for a secure and convenient solution for managing their crypto assets.

So why wait? Get started with Klever Wallet today and take control of your crypto assets!

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Imagine a world where businesses and organizations operate with complete transparency, security, and autonomy. A world where intermediaries and central authorities are no longer necessary, and decisions are made through direct voting by stakeholders. This vision is not just a pipe dream, it’s the reality of Decentralized Autonomous Organizations (DAOs).

The Power of DecentralizationDecentralization is the backbone of DAOs. By removing intermediaries, DAOs eliminate the need for central authorities and promote democratic decision-making processes. Members of a DAO can vote directly on proposals and decisions, making the organization more responsive to the needs and interests of its stakeholders.

Furthermore, the use of smart contracts in DAOs allows for automated processes, reducing the risk of human error and increasing efficiency. The result is a more democratic and transparent business model, free from the influence of intermediaries.

Security and Transparency at the CoreCryptocurrency and blockchain technology provide the foundation for DAOs to operate with increased security and transparency. Transactions are recorded on a public ledger that is accessible to all members, making it easier to track the flow of funds and assets. This promotes accountability and reduces the risk of fraud or corruption. The use of cryptographic algorithms and decentralized network architecture makes it nearly impossible for hackers to breach the security of the system.

Shaping the Future with DAOsThe potential of DAOs extends far beyond the traditional business world. DAOs can be used to create decentralized communities, governments, and even countries. In a world where trust in centralized institutions is at an all-time low, DAOs provide an alternative that puts power back into the hands of the people.

The future of DAOs is limitless. From enabling new forms of crowdfunding and investment, to creating a more equitable distribution of resources and wealth, DAOs have the power to transform the world as we know it.

Decentralized Autonomous Organizations are the future of business and society. With the power of cryptocurrency and blockchain technology, DAOs are leading the charge towards a more democratic, transparent, and secure world. The potential of DAOs to reshape the future is immense, and we are only scratching the surface of what is possible.

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Investment and financial management have come a long way in the digital age. With the advent of Artificial Intelligence (AI), the financial industry has seen a transformation, offering consumers an unprecedented level of convenience, accessibility, and efficiency. But with this new technology, comes the question of whether AI can be a trusted and reliable financial advisor.

Understanding AI-Based Financial ServicesThe financial industry has been quick to adopt AI technology, leading to the creation of various AI-based financial services. From wealth management platforms to robo-advisors, AI is changing the way people manage their finances. AI algorithms are designed to analyze large amounts of financial data, identify patterns, and provide personalized investment recommendations. These AI-based services offer several advantages, including 24/7 accessibility, low costs, and unbiased investment advice.

The Benefits of AI as a Financial AdvisorOne of the key advantages of AI as a financial advisor is its ability to provide personalized investment recommendations based on individual financial goals, risk tolerance, and current market conditions. Unlike human advisors, AI is not influenced by emotions or biases, ensuring that investment decisions are based purely on data analysis.

Another benefit of AI is its ability to analyze vast amounts of financial data in real-time, allowing it to identify market trends and opportunities that may be missed by human advisors. This level of analysis provides a more comprehensive and up-to-date view of the financial market, leading to better investment decisions.

Moreover, AI-based financial services are available 24/7, providing convenience and accessibility to individuals who may not have the time or resources to meet with a human advisor. These services are also typically low-cost, making them an affordable option for individuals who are just starting to invest.

The Limitations of AI as a Financial AdvisorWhile AI has the potential to revolutionize the financial industry, it is not without its limitations. One of the biggest limitations is the lack of personal interaction and emotional intelligence. AI algorithms are designed to analyze data, but they lack the human touch and ability to understand the emotional and personal motivations behind investment decisions.

Another limitation of AI is its reliance on historical data and past market trends. While this data can provide valuable insights, it may not accurately predict future market conditions, leading to poor investment decisions.

The Impact of AI in the Blockchain IndustryThe integration of AI and blockchain technology has the potential to revolutionize various industries, including finance, healthcare, and supply chain management. The decentralized and secure nature of blockchain technology combined with the data analysis capabilities of AI offers several benefits for the financial industry.

One of the key values of AI in the blockchain industry is its ability to improve the accuracy and efficiency of financial transactions. AI algorithms can analyze vast amounts of data in real-time and identify fraudulent activities, reducing the risk of financial loss for investors.

Another value of AI in the blockchain industry is its ability to provide real-time market analysis and investment recommendations, based on decentralized financial data. This eliminates the need for intermediaries, reducing the costs and increasing the speed of financial transactions.

However, there are also limitations to the integration of AI and blockchain technology. One of the biggest limitations is the lack of standardization and regulatory oversight in the blockchain industry. This can lead to inconsistencies and vulnerabilities in the implementation of AI algorithms, putting investment portfolios at risk.

Additionally, the security of blockchain technology can be compromised by AI algorithms that are susceptible to hacking and other cybersecurity threats. This highlights the importance of having secure and reliable AI systems in place, to ensure the safe and secure implementation of AI in the blockchain industry.

AI has the potential to revolutionize the financial industry and offer a new level of convenience, accessibility, and efficiency to individuals looking to manage their finances. While AI has its benefits, it is important to understand its limitations and consider both human and AI-based financial advisors to make informed investment decisions.

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With the ability to create decentralized, secure, and transparent gaming platforms, blockchain technology has the potential to disrupt the traditional gaming industry and create new opportunities for players, developers, and platform operators.

Decentralized Platforms for GamingOne of the key benefits of blockchain technology is its ability to create decentralized platforms. In a decentralized platform, the power and control is in the hands of the users, rather than a single entity or organization. This not only creates a fairer and more transparent gaming environment, but also helps to reduce the risk of security breaches and hacking incidents.

Decentralized platforms also offer greater player autonomy and ownership, as players can control their own in-game assets, rather than having them stored on a central server that can be hacked or manipulated. This also gives players more control over the way they play and interact with other players, as well as the ability to trade and exchange their in-game assets with others.

Transparency and FairnessBlockchain technology offers increased transparency in the gaming industry, as all transactions and interactions are recorded on a public ledger that is accessible to anyone. This helps to ensure that the rules of the game are followed, and that players are not cheated or manipulated.

Moreover, blockchain-based gaming platforms also use smart contracts to enforce the rules of the game, ensuring that the platform is fair and transparent. This helps to build trust among players, as well as attract new users to the platform.

Secure TransactionsCryptocurrency and blockchain technology also offer a secure and fast way for players to make transactions, both within the platform and outside of it. This eliminates the need for players to reveal their personal information, such as credit card details, which can be a major concern for many gamers.

Additionally, cryptocurrency transactions are much faster and more efficient than traditional fiat transactions, and they can be done 24/7 without any restrictions. This means that players can quickly and easily exchange their in-game assets or make purchases without having to wait for bank clearance.

Supporting the P2P Gaming Industry with Klever BlockchainKlever Blockchain is a leading blockchain that is dedicated to supporting the growth and development of the P2P gaming industry. With its advanced technology, Klever Blockchain offers a number of benefits for players, developers, and platform operators in the P2P gaming industry.

One of the key features of Klever Blockchain is its user-friendly interface, which makes it easy for players to get started with cryptocurrency and blockchain technology. This helps to increase the adoption of blockchain and cryptocurrency in the gaming industry and enables more players to enjoy the benefits of decentralized gaming.

Klever Blockchain also offers a secure and decentralized wallet called Klever Wallet, which will soon allow players to store and manage their in-game assets with ease. With its advanced security features, Klever Blockchain ensures that player assets are safe and secure, and eliminates the risk of hacking and theft.

In addition to its wallet and security features, Klever Blockchain also provides developers with the tools and resources they need to create and launch their own blockchain-based gaming platforms. With its user-friendly interface, Klever Blockchain makes it easy for developers to create, test, and launch their games, and provides them with the tools and resources they need to grow and scale their platforms.

Klever Blockchain is also dedicated to promoting the growth and development of the P2P gaming industry and provides a range of educational resources and support services to help players, developers, and platform operators understand the benefits of blockchain and cryptocurrency technology.

Devikins: Eldritch fun, fueled by Klever & CryptoDevikins is a groundbreaking new RPG game that is paving the way for the future of the P2P gaming industry. Devikins NFTs are the playable characters of the RPG game, Devikins. Players can collect, breed, grow, and battle with their Devikins NFTs. A Devikins NFT is addressed as a Devikin, a cute being originally from the Void, the main world of Devikins game. A Devikin exists inside of Devikins and outside of it. Users do not have to be a player to collect these adorable rascals. They can hold them in their Klever Wallet and never bring it to the game.

What sets Devikins apart from other p2p games is its integration with Klever Blockchain, which provides a secure and transparent platform for players to partake in the blockchain based game. With its advanced security features, Klever Blockchain ensures that player assets are safe and secure, and eliminates the risk of hacking and theft.

Devicoin (DVK) is a utility token used as the main currency of Devikins, although, these tokens aren’t your ordinary game currency with no real-world value. Devicoins are a crypto currency that may be exchanged with other crypto-currencies in the real world and eventually be exchanged using fiat currency.

MoonLabs, the studio behind Devikins – works hand in hand with Klever as part of their KleverLabs program. One of the top names in the field, Klever is the Blockchain consultant on Devikins, and allows for a smooth experience for players and investors alike.

The integration of blockchain and cryptocurrency technology is transforming the P2P gaming industry, and offering new opportunities for players, developers, and platform operators. With its user-friendly interface, secure wallet, and dedicated support, Klever Blockchain is a leading platform that is helping to drive the growth and development of this exciting and innovative industry.

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Please note that the following trading pairs will be delisted from Klever Exchange on February 10th, 2pm UTC:

• UNI/USDT
• MANA/USDT
• BCH/USDT
• MKR/USDT

All active orders will be cancelled once delisting kicks into effect.

Thank you for your understanding and support.

Best regards,
Klever Exchange Team

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The rise of blockchain technology and cryptocurrencies has been one of the most talked about trends in recent years, and for good reason. These innovative tools have the potential to revolutionize the way we manage and own rights, making it easier, faster, and more secure than ever before. In this article, we’ll explore the power of blockchain, the advantages of cryptocurrencies, and examine real-world examples of blockchain-based rights management solutions. We’ll also discuss the future of rights management and ownership and how blockchain and cryptocurrency are shaping it.

The Power of BlockchainBlockchain is a decentralized ledger that records transactions in a secure, transparent, and tamper-proof way. It operates on a peer-to-peer network, allowing multiple parties to access the ledger and make transactions without the need for intermediaries. Each block in the chain contains a record of transactions, and once a block is added to the chain, it cannot be altered. This makes it an ideal platform for managing and tracking the ownership of digital assets, such as copyrights and trademarks.

One of the key benefits of blockchain technology is its immutability. Since each block in the chain is linked to the previous block, it is almost impossible to alter the information stored in the ledger. This makes it an ideal platform for managing and tracking the ownership of digital assets, as it eliminates the possibility of fraud and ensures that the ownership rights are protected.

Another key advantage of blockchain technology is its transparency. All transactions made on the blockchain are publicly accessible and visible to anyone who participates in the network. This makes it easy for rights owners to track and monitor the use of their assets, and for users to verify the authenticity of the assets they purchase.

The Advantages of CryptocurrenciesCryptocurrencies, such as Bitcoin and Ethereum, use blockchain technology to create digital tokens that can be used for a variety of purposes. These tokens can be used as a form of currency, or as a way to store and transfer ownership of digital assets.

The use of cryptocurrencies can streamline the process of managing rights, making it faster and more efficient. Transactions can be completed in real-time, without the need for intermediaries, and the cost of these transactions is significantly lower than traditional methods. This is because cryptocurrencies eliminate the need for intermediaries, such as banks, to process transactions.

Another advantage of using cryptocurrencies for rights management is their accessibility. Since cryptocurrencies operate on a decentralized network, they can be accessed from anywhere in the world. This makes it possible for rights owners and users to manage their assets and make transactions regardless of their location.

Cryptocurrencies also offer a high level of security, as all transactions are protected by encryption and stored on the blockchain. This ensures that the ownership rights of digital assets are protected, and that the assets cannot be lost or stolen.

Examples of Blockchain-Based Rights Management SolutionsOne example of a blockchain-based rights management solution is Klever. Klever is a blockchain platform that allows users to manage, buy, sell, and transfer ownership of digital assets, such as music, videos, and software. With Klever, users can easily manage the rights to their digital creations, and receive payment directly for their work.

Klever uses built-in smart contracts to automate the process of rights management. Smart contracts are self-executing agreements that automatically enforce the terms of a contract when specific conditions are met. This makes it easy for rights owners to manage their assets and receive payment for their work, as the terms of the contract are automatically enforced without the need for intermediaries. This not only makes the process faster and more efficient, but it also eliminates the possibility of fraud, as all transactions are recorded on the blockchain and visible to everyone on the network.

Klevernft.com and Klever Wallet provide examples of this technology at work.

The Future of Rights Management and OwnershipBlockchain and cryptocurrency have the potential to revolutionize the way we manage and own rights, making it easier, faster, and more secure than ever before. As more and more people begin to embrace these technologies, it’s likely that we will see a growing number of blockchain-based rights management solutions emerge, providing artists, musicians, and other content creators with new and innovative ways to manage their assets and receive payment for their work.

The future of rights management and ownership is likely to be shaped by the continued development of blockchain technology and the widespread adoption of cryptocurrencies. As the technology evolves and becomes more sophisticated, we can expect to see new and innovative solutions emerge, making it easier and more secure to manage and own rights in the digital age.

Blockchain and cryptocurrency have the potential to revolutionize the way we manage and own rights, making it easier, faster, and more secure than ever before. With the growing number of blockchain-based rights management solutions emerging, it’s clear that these technologies are shaping the future of the industry. Whether you’re an artist, musician, or content creator, the future is looking bright, and the possibilities for innovation and growth are endless.

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Klever K5 Wallet’s launch has been the buzz in the last few days. The new and improved Klever Wallet app brings a faster, safer and even more powerful structure to provide one of the greatest user experiences in the market when it comes to crypto wallets.

Everything about this new version of the Klever Wallet app comes from the point of view of the user and it’s safe to say that our team is always thinking: ‘what can we do to solve/enhance what the community brought to us?’.

Not only the official spokesperson and other communicators of Klever are online in Twitter, Discord and other media platforms – everyone in our team sees what has been brought to the table of the internet discussions and tries to figure out the best way to approach those questions.

As a result, Klever keeps constantly building, improving and getting better, regardless of the market season. This is the reflection of a community-driven approach for building and marketing where the center of every action is the user.

The (New) Power of the Community

Marketing strategies for the sale and consumption of web3 products and technologies are proving to be a separate niche, as the digital universe is gaining new contours and regulations.

By now, we all know that communication within Web3 takes place in a decentralized manner, where users not only opine and distribute information, but also have properties and rights of governance and utility within the projects they disseminate.

People begin to feel an active part of the product as they also have governance powers and decision-making powers (img: unsplash)

In the book “The new power – How to disseminate ideas, engage people and always be one step ahead in a hyperconnected world” , Timms and Heimans already attributed these decentralizing characteristics to communities in general (not specifically web3 communities).

“Old power works like a coin. It is owned by a few. Once conquered, it is jealously guarded, and the powerful have a substantial stash to spend. It is closed, unapproachable and driven by a leader. It’s ‘download and save’.

The new power operates in a different way, like a chain. It is done by many. It is open, participatory and driven by peers. It’s upload and distribute. Like water or electricity, it is strongest when it rises suddenly. With new power, the goal is not to accumulate, but to channel.”

– Henry Timms; Jeremy Heimans. The New Power – How to Spread Ideas, Engage People and Stay One Step Ahead in a Hyperconnected World

Isn’t it interesting to observe some of the expressions used by the authors here?

When they talk about the old power they say ‘Coin. Powerful. Download and Save’. When they talk about the new power, they use ‘Chain. Open. Peers. Upload and distribute’.

It kind of fits perfectly with concepts of the web3, decentralization and the blockchain itself.

However, as previously said, to affirm that the power of community was a concept born from the web3 is wrong – it’s more as the web3 embraces and empowers a consequence of a world that already was walking towards decentralization.

Terms such as “community marketing” and roles as “community manager” already are communication trends. In the 2022 report by BitstoBrands, a newsletter about branding, technology and behavior, “Communities” is at the top of the list of trends for brands’ communication strategy.

In the document, the author reiterates that “in 2022, it is no longer possible to underestimate the ability to find people in the right context, and participate in environments where interests go beyond the brand and consumption, and are about genuine engagement” – Beatriz Guarezi in Behavior and Technology Trends for Brands in 2022 (and beyond), BitstoBrands.

Communities are made of people with the same passion for a product or service and they can make all the difference (gif: GIPHY)

And we can say easily that Klever has that genuine relationship resulting in great products already made and yet to be launched.

Klever’s community takes the products further

When the idea of products such as Klever K5 Wallet are born, they already have the users in mind.

As Dio Ianakiara (Klever’s Co-Founder & CEO) started the company itself it was about having a product that did not lead people to mistakes and errors as he suffered before.

That being said, each product comes with with Klever’s pillars:

1. Build with Safety

2. Be Innovative 3. Deliver Easy to use products

All of that combined with 24/7 Support, considered the best customer service in the crypto world.

Klever K5 Wallet is growing based on community’s requests

While still a BETA version, the K5 already had quite a mission: to deliver a product that was better than the acclaimed Klever 4.

It was indeed a difficult mission because the fourth version of the Klever Wallet app had amazing reviews and enthusiastic users thus far – and actually still has, as the K4 version continues to work while users migrate to the new K5 and new features are yet to be implemented in K5.

However, as the crypto world evolves every second and especially with the launch of the KleverChain, it was necessary to build something bigger and better with the backbone of Klever’s native blockchain.

To build that, we counted on users’ perspective in an active way, as we promoted a survey where everyone who wished to collaborate could do so, by downloading the beta version, making their own analysis and reviews and filling the survey questions that were sent directly to our Klever Wallet team.

From the start, Klever K5 Wallet invested in user experiences, providing:

• Free crypto wallet domain – with in-app feature of Unstoppable Domains
• Best traveling with crypto experience – with Travala’s In-app Browser
• Advanced Security – built on proprietary tech Klever OS
• Speed of Transactions – with KleverOS
• Top up & Buy Crypto In-App – where you can invest and buy crypto with a credit card or EFT using a range of built-in payment providers

The community is asking and Klever will deliver

There are still more to come as K5 possibilities are endless.

Soon, Klever will release its Klever Swap V2, where the main product of the company will get better and extremely powerful.

Klever Swap V2 is soon to be released in Klever K5 Wallet app (img: Klever)

By using our own native Swap technology, the Klever K5 Wallet will allow you to exchange Klever (KLV), Bitcoin (BTC), TRON (TRX), Ethereum (ETH), and many other crypto assets, and trade your tokens in a simple, fast, and convenient manner at a low cost.

Klever Swap V2 also will bring:

• Enhanced order control – With the new engine, a new algorithm will trade the amounts and monitor their market impact.
• Liquidity Aggregation – By aggregating multiple liquidity providers, the new version of swap will be able to offer higher limits and better prices.
• Even Faster – Our V2 tests resulted in a Swap flow execution time of less than 1 minute (time may vary).
• Even Cheaper – Increased cash flow to reduce network costs.
• Higher Success Rate – This new engine has a new trading algorithm and better monitoring so issues can be checked faster, and failures can be reduced.
• Web Version – Initially, the new swap will be offered via the web and subsequently placed using K5.

Klever K5 Wallet also will count on the support of p2p Bitcoin (BTC) using Native SegWit technology, giving faster and safer coin transferring.

Klever will also launch soon, through its K5 wallet, the ultimate Klever Marketplace where premium partners will be integrated directly into Klever Wallet, allowing seamless access to their services – for now, you can already try that with the Unstoppable Domains feature and soon enough it will be Travala’s in-app feature.

All of this and much more is coming in K5’s way due to our constant vigilance of what users and investors bring as contributions in our media channels. Klever still believes that all that we achieved that led us to success has a piece of our users’ minds – and we repay them with more quality products.

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The DeFi world is growing fast. Therefore, having a trustable and effective platform to navigate this universe can help users a lot, regardless of their state of knowledge – from advanced to beginner.

That’s why Klever presents itself as your powerful and yet simple go-to platform when it comes to decentralized finances. It can help you through DeFi roads with user-friendly and super safe tools that will boost up your experience.

The DeFi revolution Defined by Chainalysis as the “backbone of the web3 ecosystem”, DeFi has an increasing transaction volume, with a special participation of individual investors.

And even the bear market can’t stop this train.

According to Chainalysis’ State of Web3 Report, even though growth has since leveled off, in part due to price declines for Ethereum and other assets, the number of individual transfers has stayed level and even increased in some quarters, which suggests that more individual investors are still entering the ecosystem.

The success of DeFi spreads over most of web3’s current solutions which collaborated to a peak of $4 trillion in transaction volume in Q2 of 2021 – from NFTs to DEX Contracts, Token Smart Contracts, Infrastructure and more.

Total value received, number of transfers, and number of services by DeFi service type (source: The Chainalysis State of Web3 Report)

A Klever RevolutionWhile DeFi continues to cut through all the market’s downsides, Klever, as a company, also keeps building regardless of the seasons.

The implementation of the KleverChain itself is already a testament to what the company has as a vision for the future – to build and to empower other web3 projects bringing significant contributions to decentralized finance as well.

Part of the DeFi mission is exactly what Klever also believes is fundamental to the world: to promote financial freedom and finance tools to help people across the globe to achieve it.

“Klever strives to address this issue by providing everyone, both unbanked and banked individuals, an alternative to private banks and instead builds out an infrastructure for public financial services that is available to everyone”.

– KleverChain Whitepaper

Klever as your go-to DeFi tool With the birth of KleverChain, Klever’s native blockchain, the company’s goal is to offer developers and creators around the world the possibility to build with this technology without having to dig it from scratch or pay huge fees for others to do so.

“I don’t think developers need to understand how a blockchain works – they just have to call a well documented function in order to use the blockchain.”

— Dio Ianakiara, Co-Founder & CEO of Klever

And with KleverChain this became possible, where devs can use a native infrastructure that is vastly more secure, simpler to build upon, and cheaper to deploy for dapps than on any other smart contract blockchain network.

Through the easy-to-use, intuitive and versatile KleverOS Software Development Kit (SDK), developers will be able to implement their own interface solution where the functionalities of the Kapps deployed to KleverChain will constantly be evolving, and where Klever Finance will be deploying new versions with improvements to the Kapps that does not block or inhibit the use of previous versions.

“That way all builders can focus on what is most essential to their specific projects: their own products, their own services, their own business model and their own project’s development”.
– KleverChain Whitepaper

Klever K5 Wallet as your go-to DeFi platform

However, Klever not only brings significant improvements to the DeFi table or just when it comes to developers and creators’ new projects – it can also be your go-to DeFi platform as a user.

The ecosystem built by Klever provides important solutions to your daily activities in the decentralized finance world.

Such as the very own Klever Wallet.

Nowadays it is almost impossible to navigate DeFi and to utilize any kind of tool in this segment without having a trustable crypto wallet.

Wallets are where you manage and store your cryptocurrencies and other assets such as NFTs that are hosted in the blockchain system.

A wallet makes it possible to operate transactions and to connect DeFi solutions with your assets.

This means that your wallet will work almost as your ID or passport in the crypto world, as you get in and get out of many platforms in the web3.

Klever K5 Wallet is a must for DeFi adopters

Through the Klever Wallet it is possible to see how our team works day and night to provide one of the best platforms in the DeFi segment.

Our infamous Klever Swap, where you can coin-swap directly within the wallet without having to trade in an Exchange, offers 500+ trading pairs.

The Klever K5 Wallet (newest version of the app) has also an advanced Klever Browser that offers direct access to dapps compatible with Ethereum, Tron, Binance Smart Chain, Polygon, Kusama blockchains, and more.

Ultimately, Klever K5 Wallet has a native integration with the latest KleverChain and all its features, including:

• Send, receive and hold KLV and all KDA tokens
• Staking on KleverChain
• Create a token on KleverChain
• Participate in network activities
• Change Staking rewards

Overall, the Klever K5 Wallet provides a safe and smooth user-experience that allows every type of DeFi adopter to navigate easily.

Download Klever K5 Wallet now both for Google Play (Android) or App Store (iOS).

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KleverChain’s launch in 2022 was one of the biggest accomplishments for the Klever Ecosystem.

Klever’s very own blockchain is bringing less bureaucracy, faster and safer transactions, cheaper processes and bigger possibilities for anyone who wishes to develop their own web3 project.

Klever K5 Wallet is born within this new world of possibilities with a native blockchain. The new Klever Wallet app is completely integrated with KleverChain and brings both security around blockchain transactions as well as a simple and intuitive user experience to a whole new level.

“It includes our infamous Klever Swap offering with 500+ trading pairs, as well as an advanced Klever Browser that offers direct access to dapps compatible with Ethereum, Tron, Binance Smart Chain, Polygon, Kusama blockchains, and more”

– KleverChain’s whitepaper

That being said, we can ask:
Have you migrated your assets and tried K5 yet?

No? Don’t worry. We’ll teach you really quick how to do it so you can taste the new and improved KleverChain-integrated K5.

OBS: K4 does not need to be deleted.

Migrating from K4 to K5 Follow these steps to migrate to K5 and to do the basic setup:

1. Backup your keys in K4 First of all, you need to have your 12-word SEED phrase stored. They’ll work as your “password” to login into your account in the new version of the Klever Wallet app.

If you need to make a backup of your SEED words:

• Go to your K4 wallet
• Open the hamburger menu on the bottom
• Select ‘Backup Wallet’ under the ‘Security’ section
• Use your Face ID (or your PIN password) to get in and then slide the button to acknowledge the security alert
• Proceed after the ‘We will never ask for you seed’ warning and choose which address you wish to backup your wallet from.

In the case below, we have an example with a TRX Main Account. You can choose to get a code of your Private Keys or select the SEED option that will give you the exact SEED phrase for your wallet’s address.

And of course: keep your SEED phrase somewhere safe!

2. Download K5 in your phoneKlever K5 Wallet is available in Google Play for Android users and in App Stores for iOS users.

So first, go to the app download center of your choice and:

• Search for ‘K5 Wallet’
• Click ‘Download’
• Open the app to use

After the download, follow these instructions:

3. Open the K5 app and choose ‘Restore Wallet’ When opening the K5 app, just agree with the Policy terms and choose the ‘Restore Wallet’ option.

4. Enable biometrics to increase securityInsert your SEED words to restore your wallet.

You can also choose to enable biometrics in order to increase the security of your K5 wallet.

Done! You now have the access to all your crypto in all blockchains through your K5 wallet and the use of K4 is now optional for some tasks (Swap is still working only on K4).

Learn how to do that process with a video:

Do I need to use only K5 now?

No. The use of K5 is still optional but has many added benefits and features.

To start using K5 now can be beneficial because not only you can enjoy some perks already available in the improved Klever Wallet, but also you can get acquainted with the new format that will be the definitive one of the wallet app.

Why use K5?All of the Klever wallet app team’s energy is flowing to Klever K5 Wallet now.

It continues to be one of our main products as it holds important features such as the Klever Swap (still to come in its improved v2 version).

Klever K5 Wallet comes with native integration of KleverChain and all its features, including but not limited to:

• Send, receive and hold KLV and all KDA tokens
• Staking on KleverChain
• Create a token on KleverChain
• Participate in network activities
• Change Staking rewards

Everything from now on is being made to make the K5 experience the best it can be inside the Klever Ecosystem. So, don’t waste any time and download it now to start experiencing the ultimate Klever technology.

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The integrity of democratic voting systems is crucial for the functioning of a healthy democracy. In recent years, there has been a growing interest in using cryptocurrency and blockchain technology to create more secure and transparent voting systems. These technologies have the potential to revolutionize the way we conduct elections and voting by providing a tamper-proof record of all votes, ensuring anonymity for voters, and making the voting process transparent and accessible to anyone. This article will explore how these technologies can be used to improve the integrity of the voting process, provide a more accurate representation of the will of the people, and benefit democratic voting results globally.

How Does Democratic Voting Work Globally?Democratic voting systems vary by country, but the basic principles are the same. In a democratic system, citizens have the right to vote for the candidates or parties of their choice. The candidate or party with the most votes wins the election. The process is intended to be free and fair, with measures in place to prevent voter fraud and manipulation. However, in practice, democratic voting systems are not immune to challenges and there have been instances where voting systems have been subject to manipulation or interference.

How Can Cryptocurrency and Blockchain Technology Improve the Integrity of Voting Systems?One of the main advantages of using cryptocurrency and blockchain in voting systems is that they provide a tamper-proof record of all votes. This is because each vote is recorded on the blockchain and cannot be altered or deleted once it has been added to the chain. This ensures that the final vote count is accurate and cannot be manipulated.

Another advantage is that blockchain-based voting systems can be designed to be completely anonymous. This is because each vote is recorded on the blockchain using a unique digital signature, rather than a voter’s personal information. This ensures that voters can cast their ballots without fear of reprisal and that the vote count remains unbiased.

Real World Examples and Potential Benefits of Blockchain-based Voting SystemsWest Virginia in the United States was one of the first states to pilot a blockchain-based voting system in the 2018 midterm elections. The system was well-received by voters, and the state has since continued to explore the potential benefits of using blockchain technology in their election process.

Another example is Moscow, Russia, which conducted a blockchain-based voting system for local elections in 2019. The city saw improved transparency and efficiency in the voting process, and the results were considered to be accurate and trustworthy.

The Moscow Exchange, Russia’s largest exchange, also conducted a shareholder voting system using blockchain technology in 2019. The exchange was able to increase transparency and efficiency in the voting process, while also reducing the risk of human error.

Ukraine conducted a pilot project in 2019 to test the use of blockchain in their national election process. The project showed potential for increased security and transparency in the voting process.

Estonia has been using a blockchain-based e-voting system for its parliamentary elections since 2005. The country has seen significant improvements in efficiency and accessibility in the voting process.

Sierra Leone conducted a blockchain-based voting pilot for its presidential election in 2018. The pilot showed potential for increased transparency and security in the election process.

Swiss-based blockchain company Agora has provided blockchain-based voting solutions for multiple organizations and governments. The company has a strong track record of delivering secure and transparent voting systems.

Voatz, a blockchain-based voting platform based in the United States, has been used for various elections in the country. The platform has received positive feedback for its secure and accessible voting process.

And the list goes on! In developing countries, where electoral infrastructure is often weak, using blockchain technology can bring transparency and increase accessibility to voting for citizens. This will help to increase voter turnout and improve the overall integrity of the electoral process.

In addition, blockchain technology can also be used in voting for shareholder meetings, and other forms of collective decision making within companies, organizations and communities. It can enable secure and transparent voting for all stakeholders, regardless of their location, resulting in more efficient and effective decision making.

The Difference between Proof-of-Work (PoW) and Proof-of-Stake (PoS) BlockchainThe two most common types of blockchain are Proof-of-Work (PoW) and Proof-of-Stake (PoS). Both types of blockchain have their own unique characteristics and are suitable for different use cases.

Proof-of-Work (PoW) blockchain is the original and most widely used type of blockchain. It is used by cryptocurrencies such as Bitcoin, and Litecoin. In a PoW blockchain, transactions are confirmed by solving complex mathematical problems, called “mining.” This process is resource-intensive and requires a significant amount of computational power. The miner who solves the problem first is rewarded with a certain number of tokens.

Proof-of-Stake (PoS) blockchain, on the other hand, is a more recent development. It is used by cryptocurrencies such as Klever, EOS, Tezos, Cardano and recently Ethereum. In a PoS blockchain, transactions are confirmed by “staking” tokens, rather than mining. This process is less resource-intensive and requires less computational power. The stakeholder who confirms the transaction is rewarded with a certain number of tokens.

In terms of security, PoW blockchains are considered to be more secure because they require a significant amount of computational power to mine, making it difficult for any one entity to control the majority of the network. However, PoS blockchains are also considered to be secure because they rely on token holders to validate transactions, making it more difficult for any one entity to control the majority of the network.

When it comes to voting, PoS blockchain may be more suitable because they are more energy efficient and less computationally demanding. This means that they can process and validate more transactions, more quickly and at a lower cost, making them more suitable for large-scale voting systems.

However, it’s important to note that both PoW and PoS blockchains have their own advantages and disadvantages and the decision of which one to use ultimately depends on the specific requirements of the voting system. It is important to conduct a thorough assessment of the security, scalability, and cost-effectiveness of both types of blockchain before deciding which one to use.

In any case, it is important that the blockchain used for voting is decentralized, transparent, and tamper-proof, to ensure the integrity and accuracy of the voting process.

Cryptocurrency and blockchain technology have the potential to revolutionize the way we conduct elections and voting by providing a secure, transparent, and tamper-proof record of all votes. While further research and development is needed to fully realize the potential of these technologies in voting systems, the advantages they offer over traditional voting methods are clear.

By providing a tamper-proof record of all votes, ensuring anonymity for voters, and making the voting process transparent and accessible to anyone, blockchain-based voting systems can help to increase trust in the democratic process and ensure that the will of the people is accurately represented.

The Klever Blockchain ecosystem is one powerful example of how this technology can be implemented in a user-friendly and accessible way for a wide range of elections and alternative voting processes.

As the use of cryptocurrency and blockchain technology continues to grow and evolve, it is likely that we will see more and more applications of these technologies in voting systems in the future.

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As a decentralized crypto wallet, the Klever Wallet offers all the necessary tools for crypto enthusiasts, including storage of assets, sending and receiving tokens, staking, and buying assets.

What is new?The new Wallet offers a more efficient and bug-free app with faster processing power. The elegant design has also been improved, making it even more user-friendly and easy to navigate. The development team behind the Klever Wallet worked hard to ensure that the Klever 5 is the most advanced and secure crypto wallet on the market.

Among the many enhancements, such as the built-in Web3 Browser, integration with partner blockchains and their subtokens, and advanced staking and freezing tools, the new Klever Wallet also offers a number of exciting new features.

One of the most significant new features is the ability to connect and use KleverSafe, our Hardware Wallet, directly from within the Wallet. This allows users to store their assets offline for even greater security. Additionally, the new Klever Wallet will support, display, and manage NFTs, making it easier for users to collect and trade these unique digital assets.

Klever Wallet, K5 also has a built-in marketplace featuring Travala and Unstoppable Domain‘s stores, where users can purchase a variety of goods and services using their crypto assets. A new Buy Crypto flow has been added for an even better user experience.

Users will also be able to customize tokens, have a notifications center, and important messages from us about news, updates, and upcoming events through the in-app messaging feature. All of these features will be available in the initial release, with even more planned for the future.

DOWNLOAD KLEVER WALLET, K5Swap V2 (Coming soon)Klever is taking it a step further by introducing a brand new feature in the near future, the Swap V2, for coin swapping directly within the wallet. This tool is set to be a game-changer, as it will allow users to trade their coins without the need to transfer them to an exchange, making the process more convenient and secure.

The Swap V2 feature on the new Klever Wallet will be completely revamped to provide users with a faster and more seamless experience. With the new Swap, users can expect to see faster processing times and improved predictability when swapping between different blockchain assets.

While the exterior of the feature may not change much, the underlying mechanism and technology will be completely rebuilt to deliver a better user experience and it’s being built to provide you with a more efficient and reliable trading experience.

Buy CryptoAnother important feature of the Klever Wallet is its optimization of the buy crypto experience. Unlike the previous version, which only offered one single buy crypto provider, the new version now offers five providers, giving users more fee options and convenience when buying crypto assets.

This means that users can now choose the provider that offers the best fees and the most convenient buying process for them. This is a major step forward in terms of user experience, as it allows users to have more control over their crypto purchases.

All in all, the Klever 5 Wallet is a game-changer in the crypto world. It offers a complete and secure solution for all your crypto needs, with the added bonus of the upcoming coin swapping feature, making it the only crypto wallet you need. Upgrade to the new version today and be ready for the ultimate crypto experience with the new coin swapping feature coming soon.

More to comeThe development team behind the new Wallet is dedicated to constantly improving the user experience and adding new features to the app.

In addition to the Swap V2 feature, users can expect to see new updates and developments in the future, including the addition of new blockchains to the wallet and new stores to the marketplace feature.

These updates are aimed at making the lives of crypto users even better and providing them with more options and convenience.

Moreover, the team is always listening to the community’s feedback and working on new features and improvements based on their suggestions. The goal is to keep Klever as the leading crypto wallet in the market and provide users with the best experience possible.

The Klever team is always working to make the app more user-friendly and efficient, and the addition of new blockchains and stores to the marketplace feature is just the beginning of many exciting developments to come.

Upgrade to the Klever 5 Wallet today and be ready for all the upcoming updates and new features that will make your crypto experience even better. With Klever Wallet, you’ll have everything you need in one place and be able to make the most out of your crypto assets.

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KleverOS, the revolutionary Klever crypto wallet operating system that powers K5, ushers in a new era of crypto wallets.Today, crypto and mobile phones have become integral parts of our daily lives.

Nowadays, mobile phones are not just used for making calls, but have become an integral part of our daily lives. The introduction of mobile apps has made gaming, ordering food, banking, shopping for products on platforms such as Google and Amazon, booking tickets for various activities such as travel, and watching movies much easier.

Surveys have also shown that mobile phone usage is growing over time. As a result, mobile apps are being developed in many genres, including cryptocurrency. Many crypto companies, after evaluating the widespread use of mobile devices and the use of mobile apps in the industry, have attempted to develop quality mobile applications.

However, very few succeed in developing quality, klever crypto mobile applications.

Klever has documented and analyzed the crypto wallet, and finance application market throughout the years, and Klever 5, the newest version of Klever Wallet, includes the latest technology, blockchain advances, and user experiences. Klever’s ecosystem will continue growing as new crypto users adopt their high-quality crypto wallet.

Klever understands the importance of a high-quality crypto wallet, which is why we did not compromise performance in our latest Klever mobile crypto release.

As part of the transition from Klever 4 to Klever 5, our teams conceptualized the initial changes for months. During this stage of development, the Klever community and team had many ideas and concepts, so we applied all those insights in order to determine our capabilities and how to design technology that would stand the test of time.

Klever has spent years perfecting and making sure that each and every new version of our crypto wallet meets our quality requirements, and at each stage of the development process it is checked against a set of rigorous and advanced checklists.

While creating this new Klever Crypto Wallet, the following aspects were non-negotiable:

• Enhance the user experience by creating quick and streamlined flows.
• Make sure our new crypto wallet doesn’t crash on devices.
• Keep lower spec devices from freezing by reducing device hardware necessities.
• Enhancing speed, accessibility to KleverChain, and transaction turnaround times.
• Reducing high battery consumption for a smoother experience across all stores.
• Improving future development, technical advancements, and partnerships.
• Build a framework for in-app rewards based on usage and activities.
• Increase privacy, security, and seamless integration for Klever Hardware Wallet.
• And so much more. (To be released in the coming months)

Throughout the development process of Klever Wallet, all errors and defects were monitored, tested, and corrected systematically. Our commitment to quality assurance throughout the product development phase enabled us to deliver a product that meets the needs of our Klever customers.

Klever Wallet is everything you need in a crypto wallet. Join 3,000,000+ users today and securely and anonymously store coins, tokens, and cryptocurrency assets such as Bitcoin (BTC), TRON (TRX), Ethereum (ETH), Klever (KLV), and other top crypto assets.90% of our users have created their first Bitcoin wallet using Klever Wallet.The K5 Wallet architecture will allow for many new features that were unattainable in the Klever Wallet 4 architecture. That’s why we developed a native code solution that will accelerate the inclusion of new coins and ensure even more robust functionality.

Available in our current Open Beta Android Release:

• Token Filter
• Tron & BNB sub token integrations
• Polygon, Doge, Dash, and DGB integrations

K5 includes the following features:

• On the main page, you will find shortcuts to the main wallet features, and soon you’ll be able to follow the price of your favorite coins, market news, and partner services.
• With Portfolios fully independent from wallets, you will be able to track their development through a chart.
• It may seem complex, but the Seed Validation Process solves a big problem for people who are not familiar with English and might write down a word with the wrong spelling.
• Added to the Balance Screen is more data-driven information, and the structure has been organized and simplified.

Klever Team designing the new native K5 Klever Wallet

Klever Wallet Home Page ViewKlever Wallet App SettingsOur wallet has evolved into the latest and most powerful crypto feature-packed user experience. Klever Wallet is available in 30+ languages and having been downloaded by over 3 million users worldwide, caters to a global audience of blockchain enthusiasts and cryptocurrency owners.ADVANCED SECURITYK5 is built on proprietary tech called Klever OS, which completely protects the user’s private keys and makes sensitive data available only on the user’s specific device using the latest state-of-the-art encryption technology.

This means you truly own and control your Bitcoin, TRON, Ethereum, and other crypto tokens. No third party, including the Klever team, can access your private keys or restrict any transaction the user decides to make.

SPEED OF TRANSACTIONSIn addition to being direct, safe, and secure, transactions of coins and tokens are instantly recorded on the blockchain. Speed is of the essence and with KleverOS by your side, transacting using Klever Wallet, becomes a breeze.

FASTEST SWAP TECHNOLOGY AVAILABLEKlever Wallet allows you to exchange Klever (KLV), Bitcoin (BTC), TRON (TRX), Ethereum (ETH), and many other crypto assets, and trade your tokens in a simple, fast, and convenient manner at a low cost using our own native Swap technology. Klever Wallet supports p2p Bitcoin (BTC) using Native SegWit technology, which means coins are being transferred faster and more securely.

TOP UP & BUY CRYPTO IN-APPWith Klever Wallet, you can securely invest and buy cryptocurrency with a credit card or EFT using a range of built-in payment providers. As a start, Klever 5 has been integrated with Simplex and MoonPay, and another 3 payment methods.Simplex as you know was our first payment gateway partner. With Simplex, customers have the ability to buy cryptocurrencies, like KLV using their Simplex bank accounts or via the normal debit and credit card payment methods.

Klever is excited to announce that MoonPay is now live in K5, providing a fiat on-ramp directly on the global exchange platform. To celebrate this partnership, users will receive zero fees on all MoonPay purchases for the first week of the public launch.

THE ULTIMATE KLEVER MARKETPLACE (Coming Soon)As a part of K5, premium partners are integrated directly into Klever Wallet, allowing seamless access to their services.

K5 launches with the addition of Unstoppable Domains. Unstoppable Domains is exactly that, unstoppable. Securely register your NFT digital identity before it’s taken, and make use of your new universal username across apps and websites, website URLs, wallet addresses, and much more! No Renewal Fees, No Minting Fees, No Gas Fees ever.

Travala.com will follow suit in the next release.
K5 in time will allow you to search for accommodations and book flights and vacations using KLV and other digital currencies without leaving your non-custodial wallet.

ADVANCED BLOCKCHAIN FEATURES (Coming Soon)K5 Wallet allows you to use the largest selection of decentralized applications on the blockchain, including NFTs, games, entertainment, decentralized finance, and other p2p applications.

With Klever Wallets’ built-in secure Web Browser (available on Android, iOS, and Huawei devices), users can explore dapps, decentralized services, and blockchain-based products with a click of a button.

24/7 HUMAN HELP SUPPORTYou won’t find bots to support and assist with your crypto wallet issues. We have a dedicated support team that is available 24/7, 365 days a year in different languages, handling each case in a personal and swift manner. NOTES REGARDING PRIVACY AND SECURITY:Your Private Key is securely stored on your mobile phone. It is never sent to anyone else. Klever Wallet employees do not have access to your Private Key. So as always, never share your 12-word seed phrase with anyone. Not ever!*

We cannot recover your funds if you lose your private key or share it with someone else. Make sure to save your 12-word seed in a safe place where you can recover later.JOIN OUR GLOBAL COMMUNITY Join our 3.5 million-strong community and learn about the crypto industry from crypto traders around the world, while also telling us what you think of our new Klever wallet.

We offer communities in a variety of languages so reach out any time, anywhere.

REVIEW OUR TECHNOLOGY & TEAMSOfficial Website: https://klever.finance/Help Center: https://klever.zendesk.com/hc/en-us

By downloading K5 from stores, you can participate with 3,000,000 other users in our open beta program. In time, Klever 5 will solidify its place as a powerful and successful successor to the current Klever 4 wallet.

Notice: iOS version will be released in the coming weeks once Apple approves it.

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Supply chain management and logistics is a critical aspect of any business, as it involves the coordination and movement of goods and materials from suppliers to customers. However, traditional supply chain management systems are often plagued by inefficiencies, lack of transparency, and high costs. Cryptocurrency and blockchain technology have the potential to revolutionize the way supply chains are managed by providing new ways of tracking goods, reducing costs, and increasing transparency.

How Blockchain Technology Can Improve Supply Chain ManagementBlockchain technology is a decentralized digital ledger that records transactions across a network of computers. This technology is particularly well suited for supply chain management as it allows for the creation of a tamper-proof record of all transactions, making it possible to trace the origin and movement of goods throughout the supply chain.

One of the key benefits of using blockchain in supply chain management is the ability to increase transparency and traceability. By using blockchain, all participants in the supply chain can access the same information, which can help to reduce the risk of fraud and errors. Additionally, blockchain can be used to create smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts can be used to automate many of the processes involved in supply chain management, such as payments, inventory management, and shipping.

The Potential of Cryptocurrency in LogisticsCryptocurrency, such as Bitcoin, Klever Coin and Ethereum, has the potential to revolutionize logistics by providing a new way of paying for goods and services. Cryptocurrency is digital money that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. Cryptocurrency transactions are recorded on a public ledger like Klever Blockchain, making them transparent and tamper-proof.

One of the key benefits of using cryptocurrency in logistics is the ability to reduce costs. Traditional financial systems often require intermediaries to facilitate transactions, which can add significant costs. Cryptocurrency transactions are peer-to-peer, meaning they can be made directly between the buyer and seller without the need for intermediaries. This can help to reduce transaction costs, making it more cost-effective to move goods and materials around the world.

Real-World Applications of Cryptocurrency in LogisticsWalmart: Walmart could benefit from implementing blockchain technology into their supply chain management system by creating a more transparent and efficient system for tracking products from the supplier to the consumer. By using blockchain, Walmart could create a tamper-proof record of all transactions in the supply chain, allowing them to quickly and easily trace products in the event of a recall, and provide better visibility to customers about the products they are purchasing.

Pharmaceuticals Industry: The pharmaceutical industry could also benefit from implementing blockchain technology into their supply chain management system. By using blockchain, drug manufacturers and distributors could create a tamper-proof record of all transactions in the supply chain, which would help to prevent counterfeit drugs from entering the supply chain and reaching patients. Additionally, by creating a more transparent and efficient system for tracking drugs from the manufacturer to the patient, blockchain could help to improve patient safety and reduce the risk of medication errors.

Overall, the use of cryptocurrency in logistics is still in its early stages, but it has a lot of potential to improve efficiency and reduce costs in the industry.

In conclusion, cryptocurrency and blockchain technology have the potential to revolutionize supply chain management and logistics by providing new ways of tracking goods, reducing costs, and increasing transparency. Companies like Klever are already using these technologies to improve the efficiency and effectiveness of their workflows. However, widespread adoption of these technologies will likely take time, as businesses will need to invest in new infrastructure and processes to take full advantage of their capabilities.

FAQ:

Q: What is blockchain technology?

A: Blockchain technology is a decentralized digital ledger that records transactions across a network of computers. It allows for the creation of a tamper-proof record of all transactions, making it possible to trace the origin and movement of goods throughout the supply chain.

Q: How can blockchain technology improve supply chain management?

A: Blockchain technology can improve supply chain management by increasing transparency and traceability. It can also be used to create smart contracts, which can automate many of the processes involved in supply chain management.

Q: How can cryptocurrency be used in logistics?

A: Cryptocurrency can be used in logistics by providing a new way of paying for goods and services. It can also reduce transaction costs by eliminating the need for intermediaries.

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The Role of Cryptocurrency and Blockchain in Enabling Financial Inclusion for the Unbanked and Underbanked

Cryptocurrency and blockchain technology have the potential to revolutionize the way that financial services are delivered, particularly for those who are unbanked or underserved by traditional financial institutions. The use of digital currencies and decentralized ledgers can enable greater access to financial services, lower transaction costs, and improved security and transparency. In this article, we will explore the ways in which cryptocurrency and blockchain technology can enable financial inclusion for the unbanked and underbanked, and examine some specific examples of projects and companies that are working towards this goal.

What is Financial Inclusion?Financial inclusion refers to the ability of individuals and businesses to access and use a wide range of financial services, such as banking, credit, and insurance. This includes not only traditional financial services, but also digital and mobile banking, peer-to-peer lending, and other forms of alternative finance. The goal of financial inclusion is to ensure that everyone, regardless of their income or location, has access to the financial services they need to manage their money, build their assets, and participate in the economy.

The Problem of Unbanked and Underbanked PopulationsDespite progress in recent years, there are still billions of people around the world who do not have access to basic financial services. According to the World Bank, as of 2017, 1.7 billion adults globally were unbanked, meaning they do not have an account at a financial institution or through a mobile money provider. In addition, there are many more people who are considered “underbanked,” meaning they have an account but do not have access to all of the financial services they need.

Unbanked and underbanked populations are often found in developing countries, where traditional financial institutions may not have a presence or may not be accessible to certain segments of the population. For example, many rural areas may not have access to banking services, and many low-income individuals may not have the necessary documents or resources to open an account. Other barriers to financial inclusion can include lack of financial literacy, discrimination, or lack of trust in financial institutions.

How Cryptocurrency and Blockchain Can Enable Financial InclusionCryptocurrency and blockchain technology can enable financial inclusion in a number of ways.

Lowering Barriers to EntryOne of the key benefits of cryptocurrency and blockchain technology is that they can lower the barriers to entry for financial services. For example, digital currencies do not require a bank account, and transactions can be conducted through a mobile phone or computer with internet access. This can make it much easier for individuals and businesses in developing countries to access financial services, even if they do not have a bank account or live in a rural area.

Reducing Transaction CostsAnother benefit of cryptocurrency and blockchain technology is that they can help to reduce the cost of transactions. Because digital currencies are decentralized and transactions are recorded on a public ledger, there is no need for intermediaries such as banks. This can help to reduce the cost of sending money across borders, for example, which can be particularly beneficial for immigrants and their families.

Improving Transparency and SecurityCryptocurrency and blockchain technology can also help to improve the transparency and security of financial transactions. Digital currencies are based on encryption, which can help to protect against fraud and hacking. In addition, the public ledger that records transactions can help to increase transparency and accountability, which can be especially important in developing countries where corruption may be a problem.

Examples of Projects and Companies Working to Enable Financial InclusionKlever WalletKlever Wallet is a mobile cryptocurrency wallet that aims to make it easy for people to access and use digital currencies. The app allows users to store and manage multiple digital assets, such as Bitcoin, Ethereum, and Klever, and also allows for easy exchange between different digital currencies. In addition, the app also includes a number of features that are designed to make it easy for people to access and use digital currencies, such as a built-in exchange and a mobile top-up feature that allows users to buy digital currencies with cash.

Klever Wallet’s mission is to empower people to take control of their own money, and the company is focused on making digital currencies accessible to everyone, including those who are unbanked or underserved by traditional financial institutions. This makes it a perfect example of a project that is working towards financial inclusion through the use of cryptocurrency and blockchain technology.

Cryptocurrency and blockchain technology have the potential to revolutionize the way that financial services are delivered, particularly for those who are unbanked or underserved by traditional financial institutions. Through the use of digital currencies and decentralized ledgers, greater access to financial services, lower transaction costs, and improved security and transparency can be achieved. Projects like Klever Wallet are working towards this goal, and it’s important to continue supporting these types of initiatives to bring financial inclusion to those who need it most.

FAQQ: What is financial inclusion?

A: Financial inclusion refers to the ability of individuals and businesses to access and use a wide range of financial services, such as banking, credit, and insurance. The goal is to ensure that everyone, regardless of their income or location, has access to the financial services they need to manage their money, build their assets, and participate in the economy.

Q: How many people are unbanked globally?

A: According to the World Bank, as of 2017, 1.7 billion adults globally were unbanked, meaning they do not have an account at a financial institution or through a mobile money provider.

Q: How can cryptocurrency and blockchain technology enable financial inclusion?

A: Cryptocurrency and blockchain technology can enable financial inclusion by lowering barriers to entry, reducing transaction costs, and improving transparency and security.

Q: Can you give an example of a project working towards financial inclusion?

A: One example is the Klever Wallet, a mobile cryptocurrency wallet that aims to make it easy for people to access and use digital currencies, especially for those who are unbanked or underserved by traditional financial institutions.

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The Environmental Impact of Cryptocurrency Mining and the Potential for More Sustainable Alternatives

Cryptocurrency mining, the process of using computer power to solve complex mathematical equations to validate transactions on a blockchain network and earn a reward in the form of cryptocurrency, has become a hot topic in recent years. As the demand for cryptocurrencies like Bitcoin, Ethereum, and Litecoin continues to grow, so does the energy consumption required for their mining. This has raised concerns about the environmental impact of cryptocurrency mining and the need for more sustainable alternatives.

The Environmental Impact of Cryptocurrency MiningThe energy consumption required for cryptocurrency mining is significant. According to a study by the Cambridge Center for Alternative Finance, the total energy consumption of the Bitcoin network alone was estimated to be around 121.36 TWh in 2018, which is equivalent to the energy consumption of the entire country of Chile. This energy consumption is primarily generated by the use of specialized computer hardware, known as ASICs (Application-Specific Integrated Circuits), which are designed specifically for mining cryptocurrency.

The problem with this high energy consumption is that it often comes from non-renewable sources, such as coal and natural gas. This not only contributes to climate change but also has negative impacts on local communities and ecosystems. For example, a study by the University of Cambridge found that 74% of the energy used to mine Bitcoin in China came from coal-fired power plants, leading to increased air pollution and acid rain in the surrounding areas.

Potential for More Sustainable AlternativesOne potential solution to the environmental impact of cryptocurrency mining is the use of more sustainable alternatives. One such alternative is the use of renewable energy sources, such as solar or wind power, to generate the energy required for mining. This can significantly reduce the carbon footprint of cryptocurrency mining and help to mitigate its negative environmental impact.

Another alternative is the use of Proof of Stake (PoS) consensus algorithms instead of Proof of Work (PoW) consensus algorithms. PoW, which is used by Bitcoin and Ethereum, requires miners to use computer power to solve complex mathematical equations in order to validate transactions and earn rewards. PoS, on the other hand, allows users to validate transactions and earn rewards based on the amount of cryptocurrency they hold and “stake” in the network. This eliminates the need for specialized computer hardware and reduces the energy consumption required for mining.

One example of a blockchain project that utilizes PoS is Klever Blockchain, a new generation blockchain that is designed to be fast, secure, and scalable. Klever Blockchain uses a unique PoS consensus algorithm called “Klever PoS” which allows for efficient and energy-saving mining. This allows for a much more sustainable and eco-friendly mining process.

Another benefit of Proof of Stake is that it allows for a more decentralized mining process. PoW mining tends to be dominated by large mining pools, which can centralize the mining process and make it less secure. PoS allows for a larger number of individuals to participate in the mining process and validate transactions, leading to a more decentralized and secure network.

Cryptocurrency mining has a significant environmental impact due to the high energy consumption required for the process. However, with the implementation of sustainable alternatives such as renewable energy sources and PoS consensus algorithms, the environmental impact of mining can be mitigated. Additionally, initiatives like green mining, regulations, and more eco-friendly blockchain projects like Klever Blockchain are also providing a sustainable path for the cryptocurrency industry. It’s important for the community, industry, and regulators to work together to find ways to reduce the environmental impact of cryptocurrency mining and promote a more sustainable future for the industry.

FAQQ: How much energy does cryptocurrency mining consume?

A: The energy consumption of cryptocurrency mining can be significant, with the total energy consumption of the Bitcoin network alone estimated to be around 121.36 TWh in 2018.

Q: What are the negative impacts of cryptocurrency mining on the environment?

A: The high energy consumption required for cryptocurrency mining often comes from non-renewable sources, such as coal and natural gas, which contributes to climate change and has negative impacts on local communities and ecosystems.

Q: What are some potential solutions to the environmental impact of cryptocurrency mining?

A: Some potential solutions to the environmental impact of cryptocurrency mining include using renewable energy sources to generate the energy required for mining and using Proof of Stake (PoS) consensus algorithms instead of Proof of Work (PoW) algorithms. PoS eliminates the need for specialized computer hardware and reduces the energy consumption required for mining. Examples of blockchain projects that utilize PoS include Klever Blockchain and many other projects. Additionally, some projects are implementing green mining solutions, such as hydroelectric power, to reduce the environmental impact of mining. It is also important to note that some countries are implementing regulations to limit the environmental impact of mining by limiting the use of fossil fuels and promoting the use of clean energy sources.

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Cryptocurrency, also known as digital or virtual currency, has been gaining popularity in recent years as a form of investment and alternative to traditional fiat currency. However, the lack of regulation in the cryptocurrency industry has led to concerns about its potential for illegal activities such as money laundering and fraud.

The regulatory landscape for cryptocurrency varies greatly by country. In some countries, such as Japan and South Korea, cryptocurrency is heavily regulated and considered a legal form of currency. In others, such as China and India, cryptocurrency at one point was outright banned. In the United States, the regulatory approach to cryptocurrency is still evolving, with different agencies taking different stances.

The Securities and Exchange Commission (SEC) has stated that some cryptocurrencies, such as Bitcoin, are considered securities and therefore subject to federal securities laws. The Commodity Futures Trading Commission (CFTC) has also stated that it has jurisdiction over Bitcoin and other cryptocurrencies as commodities. However, there is still a lack of clear guidance on how these regulations should be applied to the cryptocurrency industry.

This lack of clear regulation has led to uncertainty in the industry and has hindered the growth of legitimate businesses operating in the space. However, it has also allowed for the development of decentralized networks such as the Klever Blockchain, which allows for fast, secure and decentralized transactions and also allows for the creation of decentralized apps, also known as Dapps, that can be used for a variety of purposes such as gaming and social media.

Benefits of Klever Blockchain and EcosystemKlever Blockchain is a next-generation blockchain network that is designed to provide fast, secure, and decentralized transactions. One of the key benefits of the Klever Blockchain is its high transaction speeds, which allows for near-instant confirmation of transactions. This makes it an attractive option for businesses and individuals who want to use cryptocurrency for everyday transactions.

Another benefit of the Klever Blockchain is its security. The network uses a unique consensus mechanism called Proof of Stake (PoS) which is more energy efficient compared to other mechanisms like Proof of Work (PoW) used by other blockchain networks such as Bitcoin. This allows for more decentralized and secure transactions.

In addition to its fast and secure transactions, the Klever Blockchain also has a vibrant ecosystem that includes a variety of Kapps and access to Dapps that can be used for different purposes. For example, there are Kapps for gaming, social media, and even for creating and managing decentralized finance (DeFi) projects. This ecosystem provides a wide range of opportunities for businesses and individuals to use the Klever Blockchain for a variety of purposes.

Potential for future regulationAs the cryptocurrency industry continues to grow, it is likely that we will see more regulation in the space. Governments and regulatory agencies are likely to take a closer look at the industry and will want to ensure that it is operating in a manner that is consistent with their laws and regulations.

One of the key areas that is likely to be regulated is the use of cryptocurrency for illegal activities such as money laundering and fraud. Governments will want to ensure that they have the necessary tools to detect and prevent these activities from taking place.

Another area that is likely to be regulated is the issuance and sale of initial coin offerings (ICOs). ICOs are a way for companies to raise money by issuing new digital tokens. However, there have been concerns about fraud and lack of transparency in the ICO market. Governments are likely to want to ensure that investors are protected and that the market is operating in a fair and transparent manner.

Despite the potential for increased regulation, the Klever Blockchain and ecosystem can still provide a range of benefits to businesses and individuals. The fast and secure transactions provided by the Klever Blockchain, as well as its vibrant ecosystem of Dapps and Kapps, can still be used for a variety of purposes, even with increased regulation.

Additionally, as more and more businesses and individuals begin to adopt cryptocurrency, it is likely that we will see more mainstream acceptance of the technology. This could lead to more widespread use of cryptocurrency for everyday transactions, and could lead to more businesses and retailers accepting cryptocurrency as a form of payment.

It is important to note that increased regulation does not necessarily mean that the cryptocurrency industry will be stifled. It can also bring more stability and security to the industry, making it more attractive to mainstream investors and businesses.

In conclusion, the current state of cryptocurrency regulation is still evolving, and the regulatory landscape varies greatly by country. However, the lack of clear regulation has led to uncertainty in the industry and has hindered the growth of legitimate businesses operating in the space. The Klever Blockchain and ecosystem can still provide a range of benefits to businesses and individuals, even with increased regulation. The future of cryptocurrency regulation is likely to focus on preventing illegal activities and protecting investors, while also promoting the mainstream acceptance of the technology.

FAQQ: What is cryptocurrency?

A: Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank.

Q: How is cryptocurrency regulated?

A: The regulatory landscape for cryptocurrency varies greatly by country. Some countries, such as Japan and South Korea, heavily regulate cryptocurrency, while others, such as China and India, outright ban it. In the United States, the regulatory approach to cryptocurrency is still evolving, with different agencies taking different stances.

Q: What are the benefits of the Klever Blockchain and ecosystem?

A: The Klever Blockchain provides fast, secure, and decentralized transactions and has a vibrant ecosystem of Kapps and access to Dapps that can be used for different purposes such as gaming, social media, and decentralized finance (DeFi) projects.

Q: What is the potential for future regulation of the cryptocurrency industry?

A: The potential for future regulation is likely to focus on preventing illegal activities and protecting investors, while also promoting the mainstream acceptance of the technology.

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The rise of cryptocurrency and blockchain technology has been one of the most significant developments in the financial industry in recent years. These innovative technologies have the potential to disrupt traditional financial systems and industries in a number of ways, making it easier, faster, and cheaper to conduct financial transactions and transfer ownership of assets. In this article, we’ll take a look at the history of financial transactions, the current state of the financial industry, how blockchain and cryptocurrency are disrupting it and the benefits of using Klever Blockchain and Ecosystem.

A Brief History of Financial TransactionsHistorically, financial transactions were conducted primarily through intermediaries such as banks, credit card companies, and other financial institutions. These intermediaries acted as trusted third parties, facilitating transactions and ensuring that the transfer of funds and assets was secure and accurate. However, this system had its limitations. For one, it was often slow and inefficient. Transactions could take several days to clear, and the process of transferring ownership of assets was often complex and time-consuming. Additionally, the use of intermediaries meant that transactions were subject to fees and other costs, which could add up over time.

The Current State of the Financial IndustryIn the last decade, the financial industry has undergone a significant shift with the advent of digital technologies. The rise of online banking, mobile payments, and digital currencies has made it easier than ever to conduct financial transactions. However, the financial industry is still plagued by many of the same issues that existed in the past. Transactions can still be slow and expensive, and the process of transferring assets is still complex and time-consuming. Additionally, the trust in intermediaries such as banks has been shaken by the financial crisis of 2008, leading to a rise in decentralized finance (DeFi) and the use of digital assets.

How Blockchain and Cryptocurrency are Disrupting the Financial IndustryBlockchain and cryptocurrency have the potential to change all of this. By allowing for the transfer of value directly between individuals or organizations without the need for intermediaries, these technologies have the potential to greatly reduce transaction fees and increase the speed of transactions. For example, with the help of blockchain and cryptocurrency, users can make cross-border payments in a matter of minutes, compared to traditional methods that can take several days.

Another area where blockchain and cryptocurrency could disrupt traditional financial systems is in the realm of asset ownership and transfer. The use of blockchain technology to create and track ownership of assets such as real estate, art, and even intellectual property could greatly streamline and simplify the process of buying, selling, and transferring ownership of these assets. The technology allows for the creation of smart contracts, which are self-executing contracts with the terms of the agreement written into code. This means that ownership of an asset can be transferred automatically and without the need for intermediaries, reducing the risk of fraud and errors.

Klever Blockchain and Ecosystem BenefitsIn addition to these capabilities, the Klever ecosystem offers a number of tools and services that are designed to facilitate the adoption and use of cryptocurrency and blockchain technology. These include a self-custody wallet that allows users to store and manage multiple cryptocurrencies, a centralized exchange that enables users to buy and send cryptocurrencies directly with one another, and a suite of developer tools that make it easy for businesses and organizations to build applications on top of the Klever blockchain.

One of the key benefits of the Klever ecosystem is its focus on user-friendliness. The platform is designed to be accessible to everyone, regardless of their level of technical expertise. This makes it easy for anyone to start using and benefitting from blockchain and cryptocurrency technology.

Another benefit of the Klever ecosystem is its focus on security. The ecosystem uses advanced security protocols to protect users’ assets and personal information. The self-custody wallet, for example, is designed to protect users’ private keys, ensuring that only the user has access to their assets. Additionally, the Klever blockchain is a highly secure and decentralized network, making it a reliable and secure option for businesses and organizations that want to build applications on top of it.

In addition to these benefits, the Klever ecosystem is constantly evolving and updating. The team behind Klever is dedicated to providing users with the best possible experience and is constantly working on new features and improvements. This ensures that users can always access the latest and most advanced tools and services.

FAQ###### Q: What is blockchain technology?

A: Blockchain technology is a decentralized and distributed digital ledger that records transactions across a network of computers. It is used to create secure and transparent systems that can be used to track the ownership of assets and conduct financial transactions.

Q: What is cryptocurrency?

A: Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank and is decentralized in nature. Bitcoin was the first decentralized cryptocurrency, but there are many others such as Ethereum, Litecoin and Klever.

Q: What is the Klever ecosystem?

A: The Klever ecosystem is a set of tools and services that are designed to facilitate the adoption and use of cryptocurrency and blockchain technology. This includes a self-custody wallet, a centralized exchange, and a suite of developer tools.

Q: What are the benefits of using the Klever ecosystem?

A: The benefits of using the Klever ecosystem include user-friendly tools, security, and constant evolution. The platform is designed to be accessible to everyone, regardless of their level of technical expertise. Additionally, the platform uses advanced security protocols to protect users’ assets and personal information. The team behind Klever is dedicated to providing users with the best possible experience and is constantly working on new features and improvements to the platform.

Q: How does blockchain technology disrupt traditional financial systems?

A: Blockchain technology allows for the transfer of value directly between individuals or organizations without the need for intermediaries such as banks or credit card companies. This has the potential to greatly reduce transaction fees and increase the speed of transactions. Additionally, the use of blockchain technology to create and track ownership of assets such as real estate, art, and even intellectual property could greatly streamline and simplify the process of buying, selling, and transferring ownership of these assets.

The potential for cryptocurrency and blockchain technology to disrupt traditional financial systems and industries is significant. By enabling faster, cheaper, and more secure financial transactions, and by streamlining the process of asset ownership and transfer, these technologies have the potential to revolutionize the way we think about money and value. The adoption of cryptocurrency and blockchain technology is happening right now and it is important for businesses and individuals to be aware of these developments and how they can benefit from them. The Klever ecosystem offers a user-friendly and secure option for individuals and businesses looking to adopt and utilize these technologies.

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The gig economy is a rapidly growing trend, in which individuals and companies offer services on a temporary or project-based basis through online platforms and apps. It has disrupted traditional industries and has enabled millions of people around the world to earn a living by offering their skills and services on a temporary basis. Cryptocurrency and blockchain technology have the potential to play a significant role in the emerging gig economy by providing a secure and transparent way for individuals and companies to exchange value and services.

One of the key benefits of using cryptocurrency and blockchain technology in the gig economy is increased security. The distributed ledger nature of blockchain allows for the secure and transparent tracking of transactions and the movement of goods and services. This can help to reduce the risk of fraud and errors, as all parties in the gig economy can see the same information and verify the authenticity of transactions. For example, in a ride-sharing platform, the smart contract can automatically release the payment from the passenger to the driver once the trip is completed, and both parties can see the transaction on the blockchain.

Another benefit of using cryptocurrency and blockchain technology in the gig economy is increased accessibility. Cryptocurrency and blockchain technology can be used to facilitate transactions from anywhere in the world, as long as the parties have an internet connection. This can be particularly useful for individuals and companies who may not have access to traditional financial services, such as those in developing countries or underbanked communities. It can also be helpful for individuals and companies who may have difficulty using traditional payment methods, such as those who are unable to open bank accounts or credit card accounts. For example, a freelancer in a developing country can receive payment in cryptocurrency for their services, which they can easily convert to their local currency.

The use of smart contracts can automate and streamline certain processes in the gig economy, such as payment and dispute resolution. Smart contracts are self-executing contracts with the terms of the agreement written into code. Once the conditions of the contract are met, the contract automatically executes the agreed upon actions. For example, a freelancer working on a project for a client might use a smart contract to automatically release payment once the project is completed and accepted by the client. This can help to reduce the need for intermediaries and increase efficiency in the gig economy.

The use of cryptocurrency and blockchain technology in the gig economy also has the potential to disrupt traditional industries and business models. For example, the use of blockchain technology can enable the creation of decentralized platforms that allow for peer-to-peer transactions, eliminating the need for intermediaries and reducing transaction costs. This can lead to the creation of new business models and services that were not previously possible.

Klever Wallet is a self-custody wallet that can assist gig economy workers in managing their crypto funds. A self-custody wallet is a type of cryptocurrency wallet where the user is in control of their own private keys and has full control over their funds. This is in contrast to a centralized wallet, where a third party holds the user’s private keys and controls their funds.

One of the key benefits of using a self-custody wallet like Klever Wallet in the gig economy is increased security and control over one’s funds. With a self-custody wallet, gig economy workers can store and manage their own crypto funds without having to rely on a third party. This reduces the risk of hacking or fraud, as the user is in full control of their private keys and can secure them accordingly.

In addition, Klever Wallet enables gig economy workers to easily manage and use their crypto funds for transactions. The wallet allows users to easily send and receive cryptocurrency, swap crypto, and even stake their crypto to earn rewards. This can be particularly useful for gig economy workers who may be paid in cryptocurrency for their services, as they can in future easily convert it to fiat or use it for transactions.

Another benefit of using Klever Wallet in the gig economy is increased accessibility. The wallet can be accessed from anywhere in the world, as long as the user has an internet connection. This can be particularly useful for gig economy workers who may be working remotely or traveling, as they can access and manage their crypto funds from anywhere.

In conclusion, the use of cryptocurrency and blockchain technology in the gig economy has the potential to increase security, transparency, and accessibility. It can also help to automate and streamline certain processes and disrupt traditional industries and business models. As the gig economy continues to grow and evolve, the role of cryptocurrency and blockchain technology is likely to become even more significant. It is essential for gig economy companies and individuals to understand and adopt these technologies to improve the efficiency and trustworthiness of their transactions and operations.

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Blockchain is one technology whose validity and phenomenal benefits cannot be dismissed. Only in its decade of existence, blockchain has evolved to be an incredible technology that can greatly refine practices of human endeavors in the areas of Finance, Education, Entertainment, Fashion, and many others.

The benefits of blockchain technology have been actively expressed, especially in Finance where individuals can gain access to a myriad of financial services just with a phone and an internet connection. Be the custodians and directors of their financial undertakings, without the indulgence of middlemen and at an unprecedented speed not seen in traditional finance.

In other sectors, blockchain technology can be applied to enhance the overall mode of operations of these industries.

As an emerging technology, blockchain has created innovative opportunities for people in Developing Countries.

Opportunities which are seen in the numerous services and programs unveiled by the existence of blockchain technology.

Such opportunities include the possibility of creating wealth through trading a new and emerging asset class, a new wave of investment opportunities, exploring a novel field of services and app development, and interacting with the provisions of decentralized finance (defi) among others.

These opportunities, which are completely new and innovative concepts, have helped people in Developing Countries, without which these individuals may not have had a chance at escaping their immediate predicament.

This is particularly true with the increasing rise of unemployment, cost of living, inflation, and subsequent hardship in the lives of peoples of Developing Countries, together with their government’s anti-people policies and unchecked corruption ravaging their economies.

But amidst this dusk of hapless hopelessness, untold hardship, and a lack of confidence to predict a betterment of life in the near future, lies a new ray of hope, one brought by innovative opportunities founded upon an emerging technology, the blockchain technology.

Willing individuals who participate and utilize the offerings of this rising technology now have a chance of bettering their lives.

Among the regions where the impacts of innovative opportunities created by blockchain technology are observed the most is in Countries like Nigeria, the Philippines, Iran, Brazil, Argentina, and Turkey to mention a few.

Taking Nigeria, Africa’s most populous nation, for example, a KuCoin’s into the CryptoVerse research conducted earlier this year revealed that 35% of Nigeria’s adult population, aged 18 to 60 have invested in crypto.

This is about 33.4million of the local population of Nigeria.

Reasons given in the study for Nigerians’ expedited interest in crypto include crypto as a reliable store of value and payment, the making of higher returns on crypto in the long run, raising of capital from crypto to start own businesses and improve living conditions, crypto as an additional source of income to salaries, and a strive for financial independence.

All these are being achieved through innovative opportunities created by blockchain technology.

According to a report by Finder, about 10.6million Filipinos own crypto which is nearly 10% out of an estimated 110 total population.

What the peoples of these countries share is a desire to leverage innovative opportunities presented to them by blockchain technology, which they are using to realize financial independence.

These people, who otherwise may have felt they have no future, have seen a shimmer of hope and have greatly benefited from the many offerings of blockchain technology.

What is blockchain technology you may enquire?Simply put, a blockchain refers to a shared, unchangeable, digital database that records transactions in a safe and timely manner, and tracks assets on its network.

Put differently, a blockchain is a combination of computers worldwide that are linked to each other on a network, on which transactions are processed and validated on the given network.

By the virtue of an environment created by a network of computers i.e a blockchain, financial services, programs, protocols, projects, and others are created which provide innovative opportunities to peoples of Developing Countries.

How Blockchain creates Innovative Opportunities for Peoples of Developing CountriesLaudable opportunities are created by blockchain technology which helps to improve the lives of peoples of Developing Countries.

As stated earlier, these opportunities include the possibility of creating wealth through trading a new and emerging asset class, a new wave of investment opportunities, exploring a novel field of services and app development, and interacting with the provisions of decentralized finance (defi) platforms, among others.

These opportunities have given peoples of Developing Countries confidence in a better future.

Let us take a detailed look into how exactly blockchain technology provides innovative opportunities for these people.

Wealth Creation Through Trading a New And Emerging Asset Class. Crypto currencies and tokens are new and emerging asset classes which without blockchain technology, would not exist.

The rise of crypto, its market and the value they represent introduced a new method of wealth creation for peoples of Developing Countries through trading of these new and emerging asset classes.

This is made possible by the wide range of tradable crypto assets of different categories which include but are not limited to Bitcoin, Ethereum coin, Binance coin, Klever coin, Tron, and others.

Peoples of Developing Countries undertake the task of learning crypto trading, and reading charts, are able to make technical analyses, predict the market and make profitable trades on the market.

The beauty of this innovative opportunity is the fact that anyone anywhere can trade. This is unlike the traditional assets trading markets which are mostly closed for, or out of the reach of many people of Developing Countries.

Despite the current bearish market, many peoples of Developing Countries continue to accumulate and trade crypto currencies even in these down times.

Reverting to Nigeria, a highlight of this sentiment is demonstrated by Business Day Nigeria where it interviewed Nigerians who are leveraging opportunities presented by blockchain technology to better their lives.

These Nigerians, especially the youths have remained resilient in the crypto market despite the downturn.

The reason, according to them, is the undeniable fact that there are a lot of opportunities in the space which are not obtainable elsewhere.

Opportunities like the creation of wealth through the trading of crypto assets and tokens. Even in a market crash, these Nigerians take advantage of the crash to trade the market movement and make money in a bear market.

Having seen other individuals take advantage of innovative opportunities in the space and rise to fame and wealth, these youths are determined to employ the same opportunities and techniques to make something for themselves.

They understand that when the market eventually rebounds, it will be back with even bigger life-changing opportunities, and they will be here for it.

Without blockchain technology, many peoples of Developing Countries would not have accessed innovative opportunities created by the existence of crypto assets and their market to try and create wealth for themselves. They may not have been able to escape their financial dilemmas.

For many, life without blockchain technology and the crypto market cannot be imagined.

A New Wave of Investment OpportunitiesBlockchain technology has created a new wave of investment opportunities that peoples of Developing Countries are taking advantage of.

Prior to the advent of blockchain technology, financial investment in the market is an act that is hardly in the mind of the average persons of Developing Countries.

This is because they are mostly concerned with getting by for the day and meeting pressing needs with the little money they may have, which goes into sorting these needs.

Coupled with this is the fact that investment in the traditional markets has stringent expectations which are often beyond the reach of the average person.

These stringent expectations could be belonging to a designated elitist group to be able to access investment opportunities, being a recognized or reputable member of society, and having huge investment capital which is vastly out of reach of the average person.

But blockchain technology is changing this. Through its provisions, numerous investment opportunities are open to peoples of Developing Countries.

This has attracted a lot of people from Developing nations who are utilizing these innovative investment opportunities to make life-changing financial moves.

These Investment opportunities include participating in early-stage funding rounds such as token sales, to enable a crypto company to raise funds and kick-start development.

To participate, interested participants are required to download a non-custodial crypto wallet like the Klever 5 wallet, have the needed funds in their wallet and follow through with the designated website where they can exchange their funds with the company’s crypto as a token for participating in their fundraising.

Peoples of Developing Countries have utilized this investment opportunity to fairly accumulate tokens of a crypto company which appreciated over time and made them life-changing returns.

This opportunity provided by blockchain technology is open to all, irrespective of their social class, race, or geographical location since crypto is borderless.

In contrast with the traditional market, only vetted and accredited members would have been allowed to participate in a company’s seed rounds.

But with crypto, people of all levels are welcome to participate in the company’s fundraising via token sales and not miss a life-changing investment opportunity.

The distinct forms of token sales are as follows:

• Initial Coin Offerings (ICO): This involves a crypto project or company selling their coins directly to investors through their website using smart contracts.
• Initial Exchange Offerings: Here, projects send their coins to a centralized exchange where they conduct the sales.
• In-app Offerings (iAP): This method of token sale uses a prebuilt blockchain protocol to conduct token sales inside a crypto wallet.

The ease and simplicity of this form of investment attracts young and less affluent peoples of Developing Countries who capitalize on this emerging digital asset class to change their lives for the better.

Other than participating in token pre-sales, peoples of Developing Countries are also able to invest in crypto assets by buying them from crypto exchanges where they are listed.

They buy and hold these crypto assets for higher returns in the long run.

To invest, investors need to download a crypto wallet or create an account with a crypto exchange.

A crypto wallet like the Klever 5 wallet has an in-app buy feature that makes it easy for investors to buy crypto coins directly inside the wallet.

Thanks to decentralization and the preservation of privacy, some exchanges do not require investors to undergo a KYC process before using their services.

Others, however, require users to perform KYC after a certain threshold has been reached.

Peoples of Developing Countries have leveraged this innovative investment opportunity to create wealth in the long run and improve their lives.

A Novel Field of Services and Apps DevelopmentBlockchain technology has created a new field of services and app development.

This is seen in the development of decentralized apps and crypto services.

Based on the utility of blockchain technology, apps and services are created to bring more meaning to and enhance the usability of blockchain technology and encourage subsequent adoption.

This new terrain of apps and services requires a deep understanding of blockchain and smart contracts to create decentralized apps.

The designing, debugging, and eventual launch of these apps test the skills of developers.

Talents from Developing Countries who have these highly sought-after skills are selected and employed by crypto startups to help with their product development.

These individuals are given the opportunity to be part of something revolutionary and make a difference to their lives.

In addition, other individuals who have these talents can team up and start a project, providing employment for themselves, which they may not have otherwise had, without the existence of blockchain technology.

A New Wave of Job OpportunitiesBlockchain technology has created a new wave of Job opportunities in the crypto space.

As with regular jobs, crypto companies and projects need people to manage different aspects of their operations.

These operations range from product design and development, project or business management, community moderation, communication, business analyzing, marketing, influencing, and others, all combined to help a company or project succeed.

These job positions which vary between high, medium, or low skill are open to all, including peoples of Developing Countries.

These people are seen taking advantage of this innovative job opportunity to better their lives.

With the required skill, peoples of Developing Countries can apply to design and develop products for a company, introduce ideas and help companies plan their business, analyze market trends and proffer ideas that can help businesses navigate the industry.

They can also apply to be influencers and ambassadors helping a business grow its brand awareness, or community moderators who help attend to complaints and keep the company’s communication channels organized.

There’s also the growing space of technical writing where persons of Developing Countries have sought, obtained, and have written content for crypto businesses.

These job opportunities help these individuals combat the ever-rising unemployment rate in their given Countries, without which they too, may be unemployed.

They also make more money compared to what is obtainable in most regular jobs in their Countries, all thanks to innovative opportunities created by blockchain technology.

Interacting with Decentralized Finance Platforms.

Decentralized finance (defi) is a sub-sector of the crypto market where individuals, including peoples of Developing Countries, can make money by interacting with different defi protocols and services.

These defi services include yield farming, crypto lending/borrowing, and staking.

Yield farming

In yield farming, interested participants provide liquidity for a crypto exchange in return for a reward, usually in the native coin of the exchange.

This is because exchanges need liquidity to facilitate trades. Thus, yield farmers supply liquidity (money) in a pool which enables smooth trade among pairs and earn commission on trades of those pairs.

In this way, investors playing the defi sector of the crypto market make money.

As an innovative opportunity created by blockchain technology and open to all, peoples of Developing Countries can supply their coins to serve as liquidity and earn a yield on them.

Crypto lending and borrowing

Crypto lending and borrowing are another innovative defi opportunity created by blockchain technology.

The beauty of these opportunities is that they vary, are diverse, and have something that appeals to different players in the market.

Crypto lending and borrowing involves supplying crypto assets to lending platforms for a period to fund persons or institutions who may need loans.

The lenders’ assets are locked up for the stipulated period on which they earn dividends which may be weekly or monthly.

Borrowers are expected to provide a certain amount as collateral or security in case they default in paying back the loan.

Peoples of Developing Countries are using this product to earn dividends on their crypto assets.

Assets that crypto holders do not wish to sell can be supplied as loans and earn interest on them.

Staking

Staking involves locking up a crypto asset in a given network to earn interest.

There are many coins and projects on different platforms where interested participants can lock up their crypto assets to earn interest on them.

Projects enable crypto staking and incentivize holders for locking up their coins over a period.

Through this practice, investors can earn more coins and also help to secure the network.

All of these defi opportunities were made possible by the existence of blockchain technology.

Blockchain gaming as a New and Innovative Opportunity

Blockchain gaming is a new and innovative opportunity created by blockchain technology that helps peoples of Developing Countries.

Using elements of blockchain technology such as cryptocurrencies and Non-fungible tokens (NFTs), web 3 game developers are able to fuse concepts that incentivize gamers beyond the sentimental fulfillment of playing games.

These incentives include the conferment of rights to ownership of game characters which players can utilize to sell or gift their game characters. And compensation in the token of the game which players can exchange for cash.

Blockchain gaming as an innovative idea of blockchain technology forged both entertainment and reward and is taking gaming to new levels.

As seen in the peak of the Axie Infinity game which attracted lots of players from the Philippines which accounted for up to 40% of the game’s player population, peoples of Developing Countries take advantage of innovative opportunities created by blockchain technology to make a living.

Axie players were seen dedicating long hours to gaming, battling other characters, and making a side income from the game.

In addition to this, peoples of developing Countries can take advantage of the different blockchain games in the space to make content, stream for their audience, and be rewarded.

Normie gamers with a huge flair for gaming can also explore the world of blockchain games and use their talents to create fame and wealth for themselves.

Although still in its infancy, the concept of blockchain gaming is gaining attention far and wide. In the coming years, new ideas will be introduced to balance and stabilize the system. What is important is that the seed has been planted.

One blockchain game to keep an eye on is the Devikins game. Created by Moonlabs Studio, the Devikins game is designed to bring mayhem, horror, and fun to players where players of the Devikins game battle others with the playable characters of the game to attain fame, status, and wealth in the void.

As we have seen, blockchain technology provides laudable revolutionary opportunities for peoples of Developing Countries. These people, who may have previously felt hopeless, are utilizing these innovative opportunities to improve their lives.

More impressive is that these are only the beginning of what is possible with blockchain technology.

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When it comes to crypto investment, such practice is required to navigate through the deep blue sea of crypto currencies to stay on the safest side.

This practice of research becomes crucial with the uncountable number of crypto projects in the crypto sphere, each with its unique dynamics, promises, and potential.

Even though keeping tabs on all crypto projects can be daunting and near impossible, being informed about the coins you choose to invest in will help you mitigate your exposure to potential scams.

Why it is Important to research Crypto Projects before InvestingCrypto is filled with many investment opportunities through countless coins, tokens, and projects.

But a lot of people only understand that they have to buy a coin, not many of them know that they ought to do research about the said coin and find a rationale or conviction for buying such coin.

Crypto investment should not just be about asking your friend what the latest or reigning coins are so that you can buy them.

The danger inherent in this is that a lot of coins are in the headlines based on hype that when all quietens down, and there are no fundamentals backing these coins, they come crashing and you lose money.

Even though it is often said in crypto that “you have not lost until you sell” what are the chances of a crashed coin without fundamentals making a comeback? There are usually no chance at all.

The hype disappears, the headlines move on, and you are left with a bag of dead coins.

Victims of such escapades end up declaring that crypto is a scam even though they skipped the number one lesson of crypto investment, which is doing their own research.

Why you should do your own research (DYOR)As said earlier, the crypto market is filled with many crypto projects, each with its unique dynamics, promises, and potential.

However, not all these projects will succeed.

And since not all crypto projects will succeed, some are not initiated with the thoughts of success in mind. Rather, they are designed to outrightly scam investors and disappear with their funds.

Such projects start with anonymous founders seeking funds to launch their projects. Potential investors are then requested to invest in the project by exchanging their coin of value, be it Bitcoin, Ether, BNB, USDT, or any other coin of repute and value to the founders’ own coin.

A lot of investors troop in and invest in this project. When the founders have raised enough funds, they deactivate their social media channels, take their website offline, and disappear with investors’ funds without ever launching the project or listing the coin on any Exchange.

This instance is just one of the numerous scams in crypto. Hence, you must always research a crypto project before investing.

Before investing in a crypto project, you should conduct the following research.

Project PurposeIt is important to research the purpose of a crypto project before investing in it. This is because a lot of projects in crypto do not have any purpose behind them.

They exist because someone or a group of persons thought “let us create something and see what comes out of it”

This is not the kind of risk investors should be taking with their money.

Also, some projects may get laced with ideas on them whether they are useful or not. Often from a desire to sell crypto coins to investors and make money off them.

Since such projects have no useful idea or purpose, they wither off in no time and become dead projects, taking investors’ money with them.

Crypto projects should have a solid purpose behind them to have a chance at survival. A lack of purpose often translates to a lack of users and the subsequent demise of such a project.

When having a purpose, projects should transcend beyond inane ideas and random thoughts to actual useful purposes that identify real problems and attempt to solve them.

Hence, you must research the purpose of a crypto project before investing. Do not just get suckered in, find out what it is about, and then you may proceed to invest if you are convinced.

One of the best places to find the purpose of a project is in its whitepaper. Search for and read it. A project with no whitepaper can be a red flag because every well-meaning group of developers should have one.

This is not to say that having a whitepaper automatically makes a project good. However, a white paper helps you understand what a project is all about and if it is worth your money.

UtilityA crypto coin needs utility to remain in the game. This is because crypto has evolved from the early days of Bitcoin where crypto currency simply served as a medium of exchange to a wide range of usages these days.

The utility could be as a native coin powering transactions on a blockchain network, or a crypto coin fueling a game, a governance token decentralizing on-chain governance, a decentralized finance-based coin, or any other creative utility the founders can think of.

The point is to have a use case to encourage diverse usage and subsequent investment.

So, before you invest in any coin, understand its utility. If it does not have any known use, it may be as good as a project without purpose.

SupplyThe supply of a coin is critical information for investors to have before investing in a project.

This is because the less supply a coin has, the more disposed it is to appreciate. The greater the supply of a coin, the less disposed it is to rise in value.

There are two types of supplies to look after. They are circulating and total supply.

Circulating supply is the number of coins out of the total supply which has been released into the market. Hence, a circulating circle.

The total supply is the overall number of coins in existence, both the circulating supply and the remaining supply not yet released.

Some crypto coins have a fixed supply, while some have an infinite supply. When researching the supply of a coin you want to invest in, find out if the coin’s supply has been minted completely or if there is still more to be mined.

This is because some projects start with a smaller amount of coin supply, along the line, more coins are minted into existence, saturating the supply of the coin, thereby leading to an excessive number of coins.

If the margin between the existing current supply of a coin and its future supply is big, such coins may suffer a huge market crash and may fail to recover.

So, before you invest in a project, find out everything there is to know about the supply.

You can find information about the supply of a coin in its whitepaper or through Coin Market Cap and Coingecko.

The Project TeamThe importance of knowing the team behind a project cannot be overstretched.

People hide behind anonymity to launch all sorts of scams. Do not invest in blind faith, know the team.

Knowing the team provides you with the satisfaction of team presence and at the same time, makes the team accountable to the public and their investors.

Projects without a known team or face behind them are a huge red flag and often end up as scams.

If the team behind a project does not trust their project enough to have a face behind it, should you, an investor trusts it? The answer is no.

So, look up the team on social media and follow them to stay informed on what has happened so far with the project and what the future holds for it.

The Project’s ActivitiesIt is important to check the activities surrounding a crypto project before investing.

Look up the project’s social media handles. Are they still active and regularly sharing content on them? If not, this could be an indication that the project is dying or fraudulent.

Endeavor to make all this research to help you make wise investment decisions.

Other than these guidelines, it is also important that investors understand the types of coins in the market before making investments.

Below is an outline of some types of coins in the market with their examples.

Types of Crypto Coins in the MarketThere are diverse types of coins on the market. Every one of them is designed for specific purposes which, nonetheless, may overlap in function across different blockchains.

The different types of crypto coins are:

Native coins

Native coins are crypto coins that are primary to a blockchain. They serve as fuel powering that blockchain. Examples of native coins are Bitcoin, Ether (Ethereum), Klever coin, Tron, Binance coin, Polygon (Matic), Cardano ADA, Sol, and other similar coins.

These coins are the main utility coins of their specific blockchains and are used to pay network fees when transacting on those blockchains.

Gamify tokens

The advent of blockchain games necessitated gamify tokens which are simply crypto coins of a given game.

These coins fuel the game’s economy such as the purchase of game items like game NFTs, weapons, skins, and other game perks. Examples are Devicoin of the Devikins game, Sand, Gala, and other gamify tokens.

Governance tokens

Governance tokens are crypto tokens used to participate in the on-chain governance of a protocol. They are used to make proposals and vote for changes or adjustments to a protocol. They are famous among Decentralized Autonomous Organizations (DAO)

Examples of governance tokens are Klever finance token (KFI), YFI, UNI, and ENS.

The existence of governance tokens helps members of a DAO make decisions that affect the future of their protocols democratically.

Stable coins

These are crypto coins designed to weather the volatility of the crypto market. As the name implies, stablecoins are static in nature, their price does not fluctuate like that of other coins.

Often pegged to the US dollar, stable coins are used to preserve funds and protect them against a market crash or depreciation from local currency’s devaluation.

Individuals from Countries whose national currencies are at a higher risk of devaluation often resort to digital dollars in the form of stable coins to preserve their funds.

Examples of stable coins are USDT, KU SD DAI, and BUSD.

There are a lot of other coins not mentioned here which have specific uses or purposes.

Understanding the types of coins will help you know what kind of coin is best for you to invest in.

Having known some types of coins, let us now take a specific look into the importance of researching a crypto project before investing.

Importance of researching Projects

1. Researching projects helps you know what kind of project you are investing in.
2. Research provides information about projects you would otherwise not know.
3. It helps you to easily identify scams.
4. It helps you to learn more about crypto in general.
5. It helps you to have more realistic expectations of the market.

Essentially, researching crypto projects before investing in them is a very valuable practice when it comes to crypto investment. Therefore, endeavor to do your research before investing in any project.

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Klever is all about bringing solutions to the web3 table.

Have you ever thought about having a ‘shareable’ crypto wallet account where more than one person in your family/business/group could have access to?

As we know, although having your private key and full control of your coins is desirable, it also comes with a major drawback: self-custody, as the name implies, restricts access to the assets for just one user. It does not offer the option of collective wallets.

With Klever, these situations are also possible through Klever Kustody.

But don’t worry: if you have kids or a big team, they won’t be able to withdraw coins whenever they like. Klever Kustody provides the possibility of having a wallet account where transactions only happen if administrators’ accounts authorize them (making them even safer).

However, let’s revisit the highlights of Klever Kustody, how it works and the perks of having this kind of account within the Klever Ecosystem.

Sharing safelyThe need to have a shared account comes from different necessities.

Some people wish to have a family account, where everyone gets to deposit funds and keep track of the family’s investments, where withdrawals are only possible when authorized by some members.

Others might have the need to share cash flow information, as in the case of businesses, where all the financial transactions must be shared and authorized by more than one person.

Regardless of the specific necessity, Klever Kustody provides the possibility of having a shared account in the safest way possible.

This safety power comes from the elevated level of security where the system uses military grade encryption technology to mitigate possibilities of a hack.

Klever Kustody is also good for devsImagine not having to worry about blockchain integration and interoperability and going straight to the developing needs for your project?

Considering that developers can spend as much as 100,000+ hours of development in creating and implementing their own codes of development, projects like Klever Kustody can potentially save more time for them.

By using a powerful API, Klever provides a solution with which developers can build and manage their own blockchain and crypto applications without having to dive deep into wallet development and integration costs.

How does Klever Kustody work?

As pretty much everything inside the Klever Ecosystem, Klever Kustody is also super easy and practical to use.

Follow these simple steps where you can visualize the creation and basic management of a Klever Kustody account.

Creating Klever Kustody account

1. Go to https://custody.klever.io/

2. Connect your KleverID account (if you don’t have one, just click on ‘Create Account’)

3. If you already have a wallet you wish to insert on Klever Kustody, go to ‘Recover Wallet’. If you wish to create one specifically for Klever Kustody, choose ‘Create Wallet’.

4. While creating a new wallet, choose the name so you can best identify your account. Then select one type of coin (which blockchain it will operate) that will be used in this account.

5. Configure your wallet’s password. You can choose to have Advanced Setups for your password according to the level of security that you wish to have in your wallet.

The next screen shows options for wallet backups. Currently, we are only offering “Create and store my own key“.

1. Done! The wallet is created and a recovery token will be provided in case you need it in the future.

Basic management of Klever Kustody

One of the main characteristics of this feature is that you can share roles inside the same wallet account with other people.

That being said, check how you can attribute different roles and set up basic configurations for transactions.

1. In the wallet’s dashboard, go to ‘Invite User’.

2. Fill in the email of the person you wish to invite to this account. If the person is not registered with Klever Kustody, their signup will be pending until they register in Klever Kustody.

Then, choose the role that person is going to have in this account: ‘Administrator’, ‘Spender’ or ‘Viewer’.

• Administrators are the most important users of a wallet. They are responsible for approving actions and transactions. For instance, if a policy is changed by a user, it will not be implemented until all the administrators have given their approval;
• Spender will be the ones whose single capability is to send and receive transactions;
• Viewers, as the name implies, can only visualize transactions and information of the wallet.

Confirm the role attribution with your password.

1. In the option Wallet’s policy, you can choose Spending Limits and the number of Admin approvals needed for transactions.

2. Admin Approval

You can set how many users should be required to approve a transaction. Admin users can set how many other admin users need to approve a transaction so that it can go through. A transaction is blocked until it receives the required number of approvals.

• Spending Limits

You can also set how much can be spent in the wallet. You could either configure this amount considering time (per Hour or per Day) or per transaction.

• Freezing Time

For security reasons, you might want to block the wallet for a certain period of time. That can be done with the Freeze feature. An intuitive calendar is provided so that you can choose a period when the wallet should not be available for signing transactions. Once set, the wallet cannot be unfrozen before the end of the period.

More about Klever Kustody

All this information and more to use Klever Kustody is available at: https://klever.gitbook.io/klever-kustody/

You can also check an overview in video of Klever Kustody below:

And, finally, start using Klever Kustody now: https://custody.klever.io/

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With more than 3 million users worldwide and hundreds of thousands daily active users (DAU), the Klever Wallet is one of the safest, most accessible, and easiest crypto wallets available in the market.

It brings solutions to all daily transactions for crypto users such as buying crypto, swapping between them, accessing dapps, sending and receiving cryptocurrency from anyone in the world and more.

In this article, we will focus on the last one of the lists: receiving Bitcoin (other cryptos may also apply to that example). It can be a powerful tool to grow any business and to anyone who wishes to start off the year by receiving crypto as payment.

Why receive Bitcoin as payment?Let’s say that you or your business already works with online payments and wishes to take a step even further to make an easier and technological approach to your sales.

Even though online payments are great allies to accessibility, it may not be the most lucrative option.

By accepting cryptocurrencies like Bitcoin, you’ll be able to avoid credit card charges and chargeback fees.

It’s one of the benefits of using BTC as a payment method.

However, we can list more reasons for you to consider this kind of payment:

1. It avoids high credit card and other fees

By accepting crypto, you can easily avoid processing fees that can go from around 3% to 3.5%. With crypto, this number lowers down to 1% depending on the payment tool the merchant is using.

2. Your business more global

One of the difficulties in purchasing products from outside of your own country is dealing with transactional fees.

With a cryptocurrency such as Bitcoin, you can accept international customers and make your business more global.

3. No Chargebacks

Usually, a merchant can pay up to a $25 fee in case of chargebacks. With Bitcoin payments, customers cannot charge back transactions.

What are the disadvantages of taking BTC as payment?

The disadvantages revolve around the knowledge and accessibility of the technology itself.

Decentralized payments, such as cryptocurrency, can take time for people to learn since other regular methods are more familiar.

However, receiving Bitcoin payments can start and increase that learning curve, especially if the advantages are highlighted to the companies and the users.

If the market is volatile, how to keep the prices?

As Bitcoin and all cryptocurrencies are under the waves of a volatile market, it is fair to consider how to keep your prices when the cryptos value might fluctuate.

To quickly convert the payment to stablecoins such as USDT or even to US dollars can be a good option to avoid huge surprises in the market.

Another option is to hold and invest the received crypto – if you’re willing to take the long shot, of course.

Legal processAfter considering and deciding to accept crypto payments, make sure to know how your local government approaches the subject of cryptocurrencies.

Different taxes and legislation may apply to different countries or states.

“Short-term crypto gains on purchases held for less than a year are subject to the same tax rates you pay on all other income: 10% to 37% for the 2022-2023 tax filing season, depending on your federal income tax bracket”, says the Forbes article on ‘Cryptocurrency Tax Calculator 2022-2023’ about the tax policy for crypto in the US.

Forbes also clarifies that, in the US, the IRS taxes cryptocurrency like property and investments, not currency. “This means all transactions, from selling coins to using cryptos for purchases, are subject to the same tax treatment as other capital gains and losses”.

Europe, on the other hand, has different approaches according to the country.

“Portugal, for example, will apply a national crypto tax regime from the new year that slaps a 21 percent rate on corporations. Individuals who draw an income of up to €200,000 from the crypto market will only face an effective tax rate of 8 percent. That said, speculators who cash out any crypto gains made under a year face a tax of 28 percent”, says a POLITICO article.

As for the UK, cryptos held by individuals as an investment will be subject to capital gains tax between 10% and 20%. Anyone trading or making an income from crypto will be subject to income tax between 20% and 45%. Companies are subject to 19% corporation tax on their income and gains (source: POLITICO).

I want to receive Bitcoin payments. What should I do?First of all, you need to have a wallet to receive those payments.

There are plenty in the market, but we recommend, of course, the Klever Wallet – safe, practical and supports +20 blockchains including Bitcoin, Ethereum and more.

Another highlight of the Klever Wallet is that it is completely non-custodial. It means that only you will have the keys and full custody to your crypto, making it safer and more hacker-proof.

So, download the Klever Wallet app by clicking here and learn how to configure your account here or with the video below.

Creating a new #crypto wallet is easy | Klever Insight

After the download and the setup of your account, follow these steps to receive Bitcoin payments (the example shows how to receive KLV, but the process for BTC is the same):

1. Click on the desired token from your Portfolio.

2. Switch to the desired Account.

3. Inside the Account page click on RECEIVE button.

4. In the next screen, you can:

– use the sending application to scan the QR code.

– copy the address to Clipboard, then paste the address inside the sending application.

Tip: if you want to receive BTC payments in your business, you can always have the QR Code printed or open in a device so customers can pay in an easier and faster way.

K5: the new and improved Klever Wallet app

The Klever Wallet supports the world’s top 20 blockchains, and in the new K5 version, it includes 500+ trading pairs in our Klever Swap, as well as an advanced Klever Browser that offers direct access to Dapps compatible with Ethereum, Tron, Binance Smart Chain, Polygon, Kusama blockchains, and more.

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As another year begins, some old concerns remain the same: the emission of carbon dioxide gas is still one of the greatest problems related to the survival of the planet and all beings consequently.

That’s why some initiatives to minimize and avoid higher CO2 emissions continue to be the topic of many conversations – and with reason.

According to the UN Environment Programme gas report, to get on track to meet the Paris Agreement Goals, the world needs to reduce GHGs (greenhouse gases) by unprecedented levels over the next eight years.

“Emissions must continue to decline rapidly after 2030 to avoid exhausting the remaining atmospheric carbon budget”, says the report.

But what does cryptocurrency have to do with this?

As we already know, many cryptos exist because blockchain technology supports them and blockchain works with a mining process that requires a lot of energy consumption.

So, in this post, let’s see how the Carbon emission footprint compensation has been the ultimate ally in the blockchain world, battling against the odds to achieve the goal established in important binding international treaties such as the Paris Agreement.

Current scenario and the long way to go

The UN Environment Programme report is alarming. Recent updated national pledges show not only that the goal of limiting global warming to well below 2°C, preferably 1.5°C, is not being reached but actually is getting worse.

To change the scenario in order to meet the Agreement’s goals, by 2030, 45 per cent of gas emissions should be cut to 1.5°C and 30 per cent for 2°C just to get on track.

Impact on global GHG emissions in 2030 of new and updated unconditional NDCs relative to initial NDCs (source: The Closing Window. Climate crisis calls for rapid transformation of societies by UNEP)

Those numbers are quite hard to reach and therefore only an urgent system-wide transformation can help with these enormous cuts.

“The window is closing! The world is not on track to reach the Paris Agreement goals and global temperatures can reach 2.8°C by the end of the century. The Emissions Gap Report 2022 finds that the world must cut emissions by 45 per cent to avoid global catastrophe. Solutions to transform societies exist, but the time for collective, multilateral action is now”– UNEP report

How cryptos like Bitcoin impact on this

Cryptocurrencies like Bitcoin work because there is a system called ‘consensus mechanism’ in which their blockchains operate – and BTC uses the Proof of Work consensus mechanism.

In a nutshell, Proof of Work is the method by which miners (super powerful computers) approve transactions and create new cryptocurrency blocks such as Bitcoin.

Those computers require a lot of power in order to keep mining 24/7, authorizing transactions all around the world. Actually, nowadays, we even have ‘mining farms’: huge sheds giving shelter to hundreds and thousands of computers mining cryptocurrency every day.

That being said, the concern with gas emissions arising from this kind of energy consumption is pretty real and valid.

However, a lot of crypto mining companies now have been trying to use existing tools in order to prevent a massive GHG emission – and one of those tools is the Carbon Offset.

What is Carbon Offset & Carbon Footprint?

Carbon Offset is simply the act of selling compensation for one’s use of carbon dioxide, which can be called Carbon footprints.

In an earlier article about what blockchain projects are doing to help the environment, we shared an example to illustrate carbon offset that has been used by crypto companies:

Let’s say there is company A that uses a lot of carbon in order to produce its material through its machines.

With carbon offset, the CEO of company A could buy carbon credits and, consequently, help the environment.

This would happen because the money which buys the carbon credits is directly redirected to sustainable and green initiatives with various fields of action.

So, the idea is to compensate for the usage of carbon and possibly make it even or negative – contributing more than consuming.

Recent updated national pledges show that the goal of limiting global warming is not being reached and actually is getting worse. (Img: unsplash)

In addition, the carbon offset idea gained new life with blockchain and tokenization possibilities, once carbon credits are also sold as tokens and multiple green initiatives have been born in the web3 world.

Bitcoin’s emissions A report from the Bitcoin Mining Councilshows that there’s been a growth of approximately 58.6% of the global mining industry’s sustainable electricity mix.

This means that members of the BMC and participants in the survey are currently utilizing electricity with a 66.1% power mix, making it one of the most sustainable industries globally.

So, yes, there can be a lot of GHG emission from part of the crypto industry due to its dependency on super powerful machines and energy consumption as a consequence.

However, this industry is also presenting itself as one of the most engaged segments when it comes to carbon footprints reduction.

What about Klever? Klever is part of the group of crypto companies that also compensates for carbon footprints emissions. Being part in saving the planet as we grow as a community and blockchain ecosystem is an important cornerstone in our reasoning for growth and sustainability.

The company does that in meaningful ways: Klever uses Proof-of-Stake, a different consensus mechanism to validate its transactions that require less power consumption than Proof of Work.

Klever also compensates carbon footprints with Moss.Earth (a climate tech that connects companies to innovative environmental solutions through blockchain technology) which in 2021 awarded Klever with an official certificate as a Carbon Neutral Certified company.

Carbon Neutral – 2021DownloadKlever Wallet is a carbon neutral walletKlever continues to work and prioritize environmental solutions in order to keep its Carbon Neutral status.

So, to utilize any Klever product and its technology means that you are also looking for ways to contribute to a greener, more sustainable and healthier world in your own way.

For example: it is fair to say that when you use a Klever Wallet, you are looking for a better, easier and more practical way to manage your crypto – and doing it while helping the planet can be an extra bonus.

That’s why we reinforce: in order to help the planet you don’t need drastic changes and impulsive actions.

You can help with daily habits and incorporate necessary changes by consuming products of companies that also care about the environment the way that you do.

After all, what is better than consuming a product that not only believes in you but also relates to you on a deeper level?

If you agree, let’s help the world together: download Klever Walletand rest assured that you are using one of the safest, most user-friendly – and greener! – crypto wallets in the market.

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Recent events in the crypto world highlighted one of the most important aspects when entering this market segment: safety.

Since we are dealing with technology, it is comprehensible that some of the knowledge of crypto safety can go deeper than the understanding of the general public.

However, it is our mission to make this knowledge the most accessible for anyone who wishes to enter this universe. After all, we are dealing with people’s assets and, consequently, their dreams and hopes – and we absolutely do not take it for granted.

The FTX case

Recently, one of the most famous crypto exchanges collapsed in bankruptcy, leaving numerous users at sea.

FTX had its own cryptocurrency named FTT and its case reminds us of another one that happened this year: the TERRA/LUNA case.

While doing some digging about the composition of Alameda’s sheet balance, a “sister company” to FTX and also founded by Sam Bankman-Fried (FTX’s CEO), CoinDesk revealed that Alameda was in fact holding billions of dollars in FTT, the FTX’s utility token, as collateral for USD loans on FTX.

At this point, concerns were raised as CoinDesk’s search could point to a risky form of operations in Alameda’s net equity.

After that, Binance’s very own Changpeng Zhao (CEO), entered the situation and claimed that those recent discoveries led to a potential liquidation of all FTT left in Binance’s books.

Of course, Binance being the huge exchange that it is worldwide, caused deep concerns to users that started to sell their FTTs even faster.

As for the end of this, you can already imagine: FTX went bankrupt and a lot of users’ assets were not valuable anymore.

The Exchange factor

Anyone who has been in the crypto world for a while must have listened to the ‘your keys, your crypto’ statement.

The famous phrase endorses the idea that non-custodial crypto wallets are the best answer when the question is ‘how to avoid situations such as FTX and LUNA?’.

However, while keeping your assets in a non-custodial wallet and using the exchange for trading funds is still the best answer, it is not the only one.

Tips to keep your funds safe

Regardless of which platform you are using to hold your crypto assets, some tips can be useful to minimize risks no matter the company you are relying on:

1. Use Two-Factor Authentication

We can start with an old but gold one.

The Two-Factor Authentication aligned with a strong password can be the starting point for any security measure.

Tools such as Google Authenticator are also handy and can provide you with maximum security for your account and all your assets.

2. Backup your Private Keys

Never too much to remember: keep your private keys safe, people.

By storing your SEED phrase safely and (preferably) offline, you minimize the risks of crypto hacking in your wallet account as well as keep yourself safe from one of the most dangerous things that can happen: forgetting your SEED words.

So, no matter the platform, always keep that in mind.

But in case you are Klever, you can learn how to back up your keys in the Klever Wallet app here:

https://www.youtube.com/watch?v=yKH3bl5yO6E

3. Multisig wallet

Have you heard of Multisig wallets? Well, this is a good one to improve your security when holding crypto.

As previously mentioned in our post, “What benefits does Multisig bring to Klever Blockchain?”, a MultiSig wallet is a digital wallet deployed by an organization or a group of individuals that operates with multi-signature addresses.

This invariably means that it requires more than a single private key to sign and authorize a crypto transaction or, in some cases, that several different keys can be used to generate a signature to affect a successful transaction.

Yes, it can be used for company or group purposes but what many people still don’t know is that it can be used by one single person to increase the security of the wallet.

For example:

Once you use a Multisig wallet, you can store different private keys in different online and offline devices such as your notebook, your phone and a piece of paper.

This means that to complete a transaction, you’ll have to “unlock” the operation with at least two of the three private keys that you have on these different devices.

Also, Multisig wallets do not have a hierarchy, which means that no specific signature is needed to finalize the transaction. Any of them can sign the transaction in any order and transactions do not expire, remaining in the system as pending transaction proposals.

Consequently, you won’t be relying on only one private key since you have two more options to complete your transaction. This can help a lot with the ‘forgetting’ issue and reinforces the security, since you’ll have to authorize the operation twice. Got it?

Of course, the process can get a little more complicated than a single-key wallet, but hey. It’s the “price” you pay for a stronger and safer process.

3.1 KleverChain Multisig

Users and project creators can increase their level of security by having multiple people or groups signing the transactions, making Multisig a powerful feature on KleverChain.

A Multisig address in Klever can be created with Klever Kustody, the system inside the KleverChain for multiple users.

With Kustody, users can create roles for their addresses to delegate responsibility and roles: signature of transaction and specify the actions of what that address can execute on the blockchain.

Example of creating roles for different users inside Klever Kustody. (image for illustration purposes only). For instance, creators can delegate a threshold of 3-4 addresses to sign transactions, and each address has a weight (own address has a weight of 4, and others have 1 each, meaning that creator address can sign transactions). Creators can delegate up to 10 addresses using the Multisig Kapp.

4. Learn how to trade safely

Most of the tips we have given so far are extremely important for wallets, but what about exchanges?

They already have a 2FA in their system automatically but of course you can make the entire process of trading even safer for you.

In trading, there are some modes that can help you with the problems that cause turmoil in the crypto market, such as speculations and variables.

When you use the Stop-Limit order and the Stop-loss order you have more control over possible drastic changes in the crypto market.

The Stop-loss order is automated, and you can use it to set a specific price level and the order will automatically close when it touches that level. It’ll help you in cases such as a dramatic asset drop in the market, preventing a bigger loss for you.

As for Stop-limit order, it is a mix of a stop order and a limit order, where you will set two prices – one that you wish to trigger the order and the other which the order will be executed, giving you even more control over the trade.

These knowledge tools can be decisive when you start trading.

5. Proof of Reserves (PoR)

Another interesting aspect for Exchanges that not many people know about is the Proof of Reserves (PoR) system which is an important ally for an Exchange’s transparency.

A PoR is basically an audit system made by an independent third-party in an exchange’s reserves.

It works with a privacy-focused mathematical data structure known as the Merkle tree, where users can verify specific transactions without having to download the entire blockchain.

According to the Investopedia blog, “third-party auditors access cryptographic signatures representing the total balance of customer assets and ensure that the custodian of these assets has an equal (or greater) amount of reserve assets in place to cover all potential customer withdrawals”.

This would ultimately help prevent a liquidity crisis as the transparency of the blockchain would show if a sudden massive withdrawal movement was being made.

Many could say that a PoR could stop a situation as FTX from happening but other aspects are being considered such as the fact that Proof of Reserves audit only shows a single snapshot in time of the blockchain tree, not a live accounting of balances over time.

Also, a company could have off-chain liabilities or collude with the auditing team.

However, by now, PoR is showing its potential to be the bare minimum when it comes to disclosure standards.

Klever is currently working to improve our current view of Proof of Reserves insights on Klever Exchange.

Keep informed, keep safe

Last, but definitely not least, it is extremely important to keep up with education materials and with companies’ news.

To be alert inside a market where everything can change in a blink of an eye seems to be decisive to avoid personal catastrophes. Read guides, tips, watch videos, take courses, whatever you can do in order to be filled in as much as possible.

The price for being well-educated is not that high at the end of the day compared to what you might have learned. Knowledge – pretty much as good investments – stay with you for a long time and can help you multiply your assets.

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The crypto sphere is filled with a multitude of decentralized crypto wallets that store many crypto coins and tokens. These wallets aim to simplify the ways users interact with crypto while improving the overall functions of crypto wallets.

One crypto wallet is standing out from the rest, and that crypto wallet is the Klever Wallet.

What is Klever Wallet?The Klever Wallet is a decentralized, multi-chain, self-custody, peer-to-peer crypto wallet that is used to store, send and receive crypto coins and tokens.

It is a digital wallet in the form of a software application that can be downloaded on a mobile phone and used to securely store crypto coins like Bitcoin, Klever coin, Ethereum coin, BNB, Tron, dogecoin, and many other crypto coins.

Built by industry leaders with in-depth knowledge of blockchain and several years of work experience, the Klever Wallet is designed with the user in mind, bringing them simplicity, ease, optimization, and most importantly, top-notch security.

The crypto industry is a fast-growing industry where industry builders are constantly developing, rolling out new features, and improving their products like a crypto wallet for instance.

Amid this fast-paced growth and development, the Klever Wallet is poised to compete in the market, appeal to users, and leave a remarkable imprint on the taste of crypto users.

How Klever Wallet compare to other crypto walletsAs stated earlier, the Klever Wallet is designed with the user in mind. To make crypto holding, sending, receiving, and overall crypto interaction convenient for the user, coupled with high-level wallet security.

All of these are geared towards making the users’ wallet experience with the Klever Wallet fun, easy, enjoyable, and secure.

Below are features that make the Klever Wallet comparable to other industry crypto wallets.

Military-grade SecurityThe importance of security in crypto transactions cannot be overstated as there are bad actors in the form of scammers and hackers seeking to steal users’ funds from them.

Since decentralization encourages independent custody of finances for the user by the user, the use of a highly secure crypto wallet becomes invaluable.

Built by industry leaders with a high taste for security, the Klever Wallet is designed to provide military-grade encryption for developers and users.

The Klever Wallet does not store users’ information in the cloud or any database, rather, encryption takes place locally in the users’ device.

Although Klever’s OS can communicate with the user’s device, they are both isolated. Thereby making any attack or hack attempt while using Klever Wallet practically impossible.

Perhaps the Klever Wallet can be said to be much more secure than other crypto wallets.

In addition to this, the user enjoys sole ownership and control of their finances on the Klever Wallet.

Support of Mnemonic phrasesMnemonic phrases are random words usually twelve in number generated at the point of wallet creation.

Following industry standards, the Klever Wallet supports the generation of these phrases which users can refer to restore their wallet at any point in time.

These phrases must be stored securely and away from prying eyes since anyone who gets access to them can use them to create a copy of your crypto wallet and move out your funds.

You must also never lose them because once lost, access to your crypto wallet may be lost forever.

Direct fiat to crypto purchase inside wallet

Like Trust wallet and others, Klever Wallet supports direct crypto purchases inside its native wallet through third-party partners.

Partners who bring direct fiat-to-crypto purchases to thousands of Klever Wallet users are Moonpay, Transak, and Simplex.

The purchase of crypto coins directly inside a crypto wallet becomes a wholesome feature, particularly for crypto newbies who may otherwise not be familiar with the workings of crypto exchanges and want to invest in crypto currencies, nonetheless.

These newbies can conveniently use their cards to purchase their crypto of choice and securely hold these purchased coins in their Klever Wallet.

Users will simply select their coin of choice, enter the amount of purchase, and follow through to checkout where they can pay for the coins through any of the partners.

After payment, the coins are automatically sent to the user’s selected wallet.

In the quest to onboard more people into crypto, the ability to easily buy crypto coins directly inside a wallet can make crypto investment appealing to the average non-crypto user.

Support of Biometric access

Biometrics adds an extra layer of security to a wallet and allows users quick access to their wallet’s features faster than the normal imputation of passwords and pins.

Klever Wallet supports biometric access whereby users can easily access their wallet using their thumbprint to unlock their wallet.

This is a much smoother and faster experience of accessing a wallet and users of the Klever Wallet enjoy this feature.

In addition to this, biometry protects the users’ funds in the case of unwarranted access to a user’s phone. The accessor would have to know the user’s pin to tamper with their funds.

Therefore, even if a user’s phone is lost, the funds in their Klever Wallet are still secured.

Support of Major blockchains

The Klever Wallet supports major blockchains. These major blockchains include the Bitcoin network, Ethereum chain, KleverChain, Binance Smart chain, Tron, Polygon network, Kusama chain, and many others.

This implies that Bitcoin traders, owners, and holders can securely store their Bitcoin on the Klever Wallet.

The Ethereum chain, as the chief of alt-chains with many Ethereum-based crypto coins and tokens under its chain, the users of the Ethereum chain can employ the Klever Wallet to hold their Ether and other Ethereum-based coins.

The same goes for the BNB coin and other Binance network coins, as well as Tron, Polygon, and Kusama coins together with coins of other supported chains.

Support for Apps

Decentralized apps are applications that run on a blockchain network. They bring more utility to the concept of blockchain by introducing interactive programs/apps other than mere crypto coins on a blockchain.

In other words, decentralized apps expand the functionalities of a blockchain by giving more ideas on how blockchain can be used.

The Klever Wallet supports Decentralized apps through the native browser inside its wallet.

Users, through the native browser, can interact with different Dapps compatible with the wallet.

Since DApp integration opens a world of opportunities, crypto users can browse these applications and interact with their services thereof.

Staking

Staking is a means of earning passive income on crypto investments. It requires staking your crypto coins in a protocol for a stipulated period.

Klever Wallet offers staking to its users whereby Klever Wallet users can stake their KLV coins onto the Klever network and earn rewards.

Developers on KleverChain can also apply to have their coin’s staking native to the wallet. Making their coin staking simpler and safer for investors.

The instant swap engine and how it makes the Klever Wallet better than any other wallet

One of the expectations of crypto coins is the possibility of trading them from one crypto coin to another.

This is normally done through a Centralized or Decentralized Crypto Exchange.

Using a Centralized Exchange, the trader must trust the exchange to hold their funds for them while they trade on the exchange. Afterward, they may choose to withdraw their funds to a self-custody wallet.

Using Decentralized Exchanges, the trader must rely on protocols to execute trades on their behalf.

Although Decentralized exchanges have undeniable benefits such as the maintenance of anonymity and the removal of brokerages/ middlemen, these protocols are often vulnerable to attacks, hacks, and exploitation.

In addition, crypto scammers have a reputation for cloning Dex websites. Unsuspecting users who are not careful enough fall victim and have their funds drained from their wallets.

The instant swap engine inside the Klever Wallet solves these problems by providing a tool for users to trade one crypto coin to the other directly inside the Klever Wallet.

This is done without going through a Centralized exchange or dealing with vulnerable protocols on your own.

Klever’s swap engine is very easy to use and straight to the point.

Through this swap engine, users can conveniently swap from one crypto coin to another instantly. All from the comfort of their Klever Wallet and at the best rates in the market.

This swap engine of the Klever Wallet makes it spectacularly unique and gives it a high hand over other crypto wallets.

In addition, crypto newbies who are not familiar with the workings of a crypto exchange in relation to trading can simply rely on Klever’s instant swap tool to trade their crypto coins.

Essentially, the Klever Wallet swap is open to all who may wish to trade crypto coins instantly and directly inside a crypto wallet without going through exchanges.

Another feature that makes the Klever Wallet a top over the other crypto wallets in the industry is the support of a native news feed inside the Klever Wallet.

In-app News Feed

What is crypto without news? In an industry where so much is happening at the same time across different boards, keeping crypto users informed and up to date with the latest developments, especially of products coming from the stables of the company’s developers and guidelines on how to use their products becomes imperative.

The Klever Wallet supports direct in-app news through which users can conveniently acquaint themselves with the latest happenings in the crypto sphere and stay informed on what the Klever company is doing.

Instant live human support

Support makes crypto easier and simpler, especially with human support available that is ready to attend to users 24/7.

Klever understands the importance of human support and has put together a team of experts who are on standby and ready to attend to complaints, relaying them to the appropriate departments and helping users resolve their challenges.

Proof of Klever’s support efficiency is seen in the testimonies of the countless number of users who have been attended to and had their complaints resolved in no time.

Klever Wallet, human support is readily available to attend to complaints and help users resolve their issues.

However, it is important to understand that there are issues outside support capacity. Issues such as loss of wallet seed phrases and theft of funds due to exposure of seed phrases to scammers and others.

Klever does not store the user’s data. Therefore, the responsibility of securely storing your seed phrases and private keys lies with the user. You must keep them safe at all times.

Importantly, when contacting support, make sure you are on the right channel and not communicating with a scammer.

These simple yet vital features make the Klever Wallet a viable option compared to other crypto wallets.

How the Klever ecosystem is evolving

From a simple crypto wallet service provider to a full-blown blockchain ecosystem, Klever has grown at an unprecedented level in the crypto space and is now home to a good number of crypto products and projects.

Products seen in the Klever ecosystem include the Klever Wallet, Klever Exchange, the Klever Safe, an NFT Marketplace, and the Klever Blockchain which houses these products and so many other products under development.

Understanding Klever Wallet

The Klever Wallet has evolved from a simple crypto wallet to a feature-rich wallet with basic and advanced functionalities that meet the needs of developers, advanced and average crypto users.

The newest version of the Klever Wallet the K5 wallet, seeks to optimize the general wallet experience while making it a one-stop shop for users’ crypto needs.

While retaining the basic functions of creating, restoring, and watching wallets, sending, holding, and receiving crypto coins, direct crypto purchases on the wallet, wallet backup, and so on, K5 comes with advanced features such as dApp integration.

Using the dApp integration, users can browse decentralized programs and services through the K5 wallet.

As can be seen, users of the K5 wallet are using this dApp integration to browse the Klever NFT marketplace. Here, they sell and buy Non-fungible tokens in a smarter, faster, and easier way not seen before in any other chain nor NFT marketplace.

Complementing this, the K5 wallet comes with Unstoppable Domain integration that allows users to acquire their web 3 names and domains.

These domain names are web 3 digital identities that can be used to receive crypto coins instead of the usually long wallet public addresses.

Examples of web 3 domain names are vitalik.eth, xyz.bitcoin, books.wallet, and so on.

The latest integration of the Unstoppable Domain supports .klever names. Users of the K5 wallet can take advantage of this integration to acquire their free .klever names over a given period.

The K5 wallet also supports travel bookings directly inside the wallet through Travala – a famous blockchain-based travel booking platform.

Users of the K5 wallet can access over 3 million travel products worldwide on Travala from the convenience of their smartphones through the K5 wallet.

The K5 wallet will continue to evolve and integrate many new features and functionalities to enable users a fully functional, smooth, and enjoyable wallet experience.

The Klever Exchange

The Klever Exchange is a Centralized Crypto Exchange developed with the user in mind to simplify trading for the beginner and equip seasoned traders with the right tools to facilitate trading.

Designed to process up to 3,000,000 transactions a second, which is more than 3 times the capacity of major crypto exchanges, the Klever Exchange could grow to be among the top choices of crypto traders.

Since its inception to the current time, the Klever Exchange has had many features and looks added to it to give the overall best experience that traders want. The latest addition to the Exchange is the “Convert” feature.

This convert feature allows users of the Klever Exchange to instantly convert their crypto coins at the best rates in the market, which is similar to the swap engine inside the Klever Wallet.

The Klever Exchange has evolved from a simple trading means to a powerful crypto trading platform on which one can do so much, and this is only the beginning of what the future holds in store for the Klever Exchange.

The Klever Safe

The Klever Safe is a hardware crypto wallet. Unlike the software Klever Wallet, which is downloaded on a mobile phone, the Klever Safe is a physical hardware wallet that is used to securely store crypto coins offline.

As a hardware wallet, the Klever Safe stores the private keys of a wallet offline in a physical object, i.e the hardware wallet. This method of storage provides an extra layer of security for crypto assets against hacks and phishing and is advised to utilize in securely storing large crypto holdings.

KleverSafe is designed to be easy to use, safe, and faster than others in the market.

The KleverNFT

This is a marketplace where creators can auction their works for buyers to invest in. Investors also use the KleverNFT hub to look through NFTs on the marketplace and buy and sell NFTs.

The KleverChain

Recording a milestone in their journey, the Klever team built a native blockchain complementing the Klever ecosystem. The native chain is the Klever blockchain.

The KleverChain is a one-of-a-kind blockchain network that supports native apps coded directly into the chain in place of smart contracts. They are called Kapps (Klever apps) rather than smart contracts.

KleverChain is designed to proffer solutions to problems bedeviling the crypto space. Some of the problems include entry barriers, security, speed, and fees.

Entry barrier

Klever’s blockchain architecture lowers the entry barrier to on-chain building. By coding smart contracts directly into the native chain, Klever has made on-chain building easier and faster for developers and businesses who may want to integrate crypto features into their products or services.

Security

Without compromising on security, KleverChain is designed to give users and developers top-notch protection against hacks and exploits seen on smart contracts blockchain platforms. By the methodology of smart contracts being native to Klever’s blockchain, attacks and hacks are practically impossible.

Speed

KleverChain is modeled with the speed of transaction in mind. Having understood the need for a fast-transacting blockchain, Klever built its native chain to perform transactions with the speed of lightning. The Klever network is capable of processing up to 3,000 transactions a second and with enormous room to increase and scale as the need arises.

Fees

Network fees on the KleverChain are extremely cheap compared to what is obtainable elsewhere. This makes it easy for developers to deploy Apps on the chain, and users to affordably transact on the chain.

Different projects have started developing on KleverChain, using unique tools and protocols specially developed by Klever’s team of experts aimed at improving the overall web 3 experience.

Download the Klever Wallet today and see the difference, keep your eyes on the Klever ecosystem.

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Dear valued members of the Klever community,

We are thrilled to announce that two of our incubated projects, KleverNFT and KleverExchange, are undergoing a rebranding process as they reach their next stage of growth and development.

At Klever, our mission is to provide a safe and user-friendly experience for our users to engage with blockchain and digital assets. We have come to realize that our current branding does not fully reflect our values of innovation, transparency, and inclusivity.

Therefore, we have made the decision to rebrand KleverNFT and KleverExchange to better align with our goals and values. Soon, the new brand names will be announced.

We believe that these updates will allow us to better serve our community and achieve our vision for the future.

In the coming weeks, you will see these changes reflected on our website, social media channels, and marketing materials. We appreciate your patience and understanding during this transition.

Thank you for your continued support of KleverNFT and KleverExchange. We are excited to embark on this new chapter and look forward to your continued support as we grow and evolve.

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Dear valued traders,

We are announcing the delisting of several pairs from our exchange due to liquidity concentration.

This decision has been made in order to improve the launch of our liquidity pool and provide our traders with access to the most liquid and reliable markets.

While we understand that this change may cause some inconvenience, we believe that it is necessary in order to create a stronger and more stable trading environment for our users.

Please note that trading on the following pairs will end on January 11, 2023 at 02:00 PM (UTC):

• APE/USDT
• BNB/USDT
• CHZ/USDT
• DOGE/USDT
• ENJ/USDT
• LINK/USDT
• LTC/USDT
• SAND/USDT
• TRX/USDT

All trade orders will be automatically removed after trading ceases in each respective trading pair.

We appreciate your understanding and support as we strive to continuously improve and enhance your trading experience.

Thank you for your understanding and support.

Sincerely,

Klever Exchange Team

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The 2021 bear market which is still ongoing has seen the demise of many crypto projects, platforms, startups, and businesses.

These projects and businesses have had to close down due to the troubling effects of the bear market.

The reasons for their closure include a design flaw in tech or business, which was built to only survive, provided the market was going up, but silted by the jarring teeth of death as soon as the market came crashing, the inability of startups to meet business commitments made to investors and a lack of capacity to maintain further business development.

Some crypto businesses have also had to reduce their employee workforce in order to stay afloat.

These interrelated reasons are tied to the cascading blows of the bear market.

What is a Bear Market?

A bear market also known as crypto winter is a period in which there is a massive decline in the prices of crypto coins and assets from their previous all-times-high (ATH).

This may be caused by recession, skyrocketing inflation, political instability, and other economic reasons.

This period is characterized by fear, panic, an onslaught of projects, and chaos.

The crypto bear market began when Bitcoin, the most valued crypto asset, took a nosedive after reaching a price peak of $69,000 per coin in 2021 and has since then traded downwards even in recent times.

The 2021 market crash saw the value of altcoins like Ethereum and Cardano plummet due to a strong price correlation.

Other medium and small-cap assets were not left out in the onslaught as their prices crashed in line with the value of top assets, falling off the rooftop.

Several crypto coins lost over 90% of their previous value, and are struggling to recover, with recovery far from sight for many.

The crypto market has seen massive selloffs of assets, which created fear and panic and pushed more investors to sell, crashing prices even further.

Fear has saturated the market as more and more investors continue to offload their assets and attempts made by buyers to salvage the already crushed market fail in futility since the selling pressure of sellers outweighs the purchasing power of buyers.

The crypto market is now battered, with no significant activity pricewise. Although a few rallies occur occasionally they also quieten down after a while.

This market condition has lingered for months-long while developers build infrastructures that will be well-positioned to benefit from the next bull run.

To get a glimpse of how we got to this point in time, let us take a look at the previous state of the crypto market.

The Crypto Market Before the Crash

Typically, newbies enter the crypto market out of social excitement. This is seen on social media platforms like TikTok where dogecoin for example was largely promoted.

These newbies enter the market with the notion of making quick money off the market. They are sold the dream of a quick path to success with little to no effort.

They are seen chasing different crypto coins and projects irrespective of the project’s lack of fundamentals.

They throw money into different platforms that propose unrealistic returns.

This is not beside the fact that many new players do not understand the underlying technology behind crypto currencies. They do not realize the purpose for which blockchain technology exists nor the mission propelling development thereon.

They simply know crypto coins as magical Internet money through which money can be made.

This lack of a proper understanding of crypto and blockchain technology geared shadow-chasing of any type of coin or project, in the hopes of printing gains from these subpar projects

Subsequently, ‘project builders’ were tokenizing substandard ideas as projects. Enticing and luring new money, and sometimes old players too.

Developers designed flawed systems that farmed money provided the market was going well.

With access to lots of cash flow, “developers” could not be bothered about the quality of projects put out.

All kinds of projects surfaced, making a mockery of crypto’s underlying tech.

Projects without fundamentals mooned at the times they did, while a lot prevailed on the oxygen of hype.

When the strike of the bear market came thundering, both developers and investors became casualties of their own undoing.

While this was the order of the day, it is important to note that the crypto market was not a complete menace of ill-fated ideas, there are sound and healthy projects solving problems that will weather through the market storm.

These are however expected, especially in a new industry as there will be many players attempting to build, but only infrastructures that resonate with an audience by solving a challenge of theirs will be elevated above the others who become forgotten over time.

Crypto Market In the Bear Market

The crypto market in the market crash is one filled with tales of the good, the bad, and the ugly.

The skeletons of abandoned “projects” litter the industry while some investors have completely exited the market.

The market is now left with only industry builders who are resilient against the effects of the bear market and communities who have a strong conviction in the projects they support.

While the bear market has been brutal both to new players and industry builders, since no one likes to watch the value of their portfolio trickle down in depreciation, the bear market does have some positive undertones.

Positive Undertones of the Bear Market

• For one, the bear market weeds out projects lacking fundamentals.
• It reveals shady practices that would have gone unnoticed.
• Investors who come in to get rich quickly either exit the market or convert to true believers of blockchain technology and are helping push its adoption.
• Bear season affords the market a healing time to reverberate for the next spring.
• Crypto bear markets remind us yet again of the main purpose of blockchain technology and set everyone right on track, working in line with the vision.

Now that we have seen some positive undertones of the bear market. Let us take a look at how the bear market drives innovation and expands our thinking during tough times.

The Demand for Change and Innovation

Pre-bear market, businesses were not risking much innovation as many things seemed fine, but the onset of the bear market uncladded deficiencies within the industry and exposed the inefficiencies of even those that seemed well positioned.

The demand for change and innovation becomes a factor driving invention and broadens our thinking even in a difficult bear period.

This becomes essential because if the industry must grow, it cannot continue to be filled by the same quality of projects and infrastructures that have failed.

As was seen in the past, poor schemes are unsustainable and hinder industry growth in many ways.

The bear market indicates that the predominant status quo is afunctional and therefore, a change through a reset is needed.

To foster this change, industry builders are compelled to critically think about innovative ideas that bring positive changes in the industry.

Over-tokenization of/and ideas/projects that solve no real-world problem cannot propel industry growth as the bear market has shown.

The industry needs to invent blockchain applications with use cases that solve problems in the real-world economy, which is the backbone on which traditional enterprises are succeeding, if the crypto industry is to succeed too or at least achieve widespread adoption.

On the blockchain side of things, there are one too many blockchains repetitively scrubbing basic features off each other with little to no innovation.

Some chains lagged badly in the previous run due to accelerated transactions causing congestion on the chain which in turn led to exorbitantly high fees.

This problem delayed or outrightly hindered the development of some projects as developers could not bear the costs. Transactions gradually reduced and the bear market set in.

As we call for widespread adoption through the onboarding of diverse developers and businesses to set the crypto market back on track, there’s a demand for innovation and change in the ways onchain building is conducted.

Without a change, ideas and businesses that could potentially propel adoption and industry growth remain unexplored.

Klever, taking the onboarding of developers, businesses, or enterprises who wish to integrate elements of blockchain technology seriously, tackles this problem from the root by creating a new and innovative blockchain technology.

Klever does this by removing the onerous task of smartcontracts writing and instead, codes smart contracts directly into the native chain.

Developers and businesses who wish to integrate blockchain features, without the technical know-how of the workings of a blockchain, and who cannot afford blockchain professionals to build smart contracts for them, can utilize Klever’s technology and get onboarded unto blockchain building.

With Klever’s innovative technology, builders can create resourceful applications with real utilities that can help bolster the change and innovation the industry direly needs, and which could potentially appeal to the next bullrun.

Creation of More Market Space

The bear market creates more market space by weeding out bad projects and businesses.

The bull market saw bad projects and scams that sucked up cash flow in the industry.

Their death, while it may be devastating to their investors, benefits the industry in the long run.

The spaces created by their demise could position genuine and useful projects who are hard at work to lead the next market run.

Some crypto businesses have also had to close up during the bear market due to a shortage of operational costs or unethical business practices.

This closure inspires underdogs to be hard at innovation and think of new ways to be different, creating room for more efficient and inventive businesses and a new market order.

In addition to this, high-quality talents from failed businesses or massive layoffs are released into the open market who could help these new inventive businesses attain success.

The Need To Continue Building and Stay Relevant

The need to continue building and staying relevant is a propelling factor that drives innovation in the bear market and expands our thinking during difficult times.

In a fast-growing industry where several companies are developing or enhancing their products at a fast pace, the need for innovation becomes highly crucial.

This is because a failure to detect market trends and build in line with it can make a business obsolete.

Several years ago, Nokia and Blackberry Limited were leading giants in the mobile telephone industry. It was thought impossible to dethrone or overthrow them.

Surprisingly, an underdog at the time, Transsion holdings, went “smart” before Nokia and BlackBerry Limited, dethroning these two giants and their mobile phones became phones of the day in African markets, the Middle East, and some parts of Asia up till this day.

On the other hand, Apples Inc stayed innovative, continually improved their Apples phone and other products, and has remained a huge player in the mobile phone market.

The same analogy is applicable to the crypto industry even though it is still a new industry.

Industry relevance does not care that it is a bear market, builders must keep building.

The bear market inspires innovation and critical growth thoughts if players want to remain in the market and continue building.

In addition to this, the bear market allows builders to focus on their community and products instead of token prices.

This focus allows them to refine, evolve and polish their products to industry standard and have a chance at product-induced success in the near future.

The Light at The End of The Tunnel

In what may seem like the end for the crypto market, there is light at the end of the tunnel as has been repeatedly shown in the history of all financial markets.

The bear market is a time for long-term builders to commit to building and bringing all their innovative ideas to life.

This will put them as front-runners when the market eventually reverses.

The builders who take advantage of this period will reap the fruits of their hard work, as will investors who have the forbearing to stick it out while picking up coins with fundamentals at the huge discounts they are currently trading at.

Bear markets inspire resilience, innovation, and creative ideas in us despite the difficult times. The resilience inspired in us helps us to shoulder the storm, while innovative ideas help to put us a step ahead of our peers.

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We are excited to announce the launch of the Klever self-custody wallet for Chrome, a secure and decentralized platform for managing your cryptocurrency assets. With this new wallet, you can easily and safely store, buy, sell, and exchange Bitcoin (BTC), Ethereum (ETH), Klever (KLV), Tron (TRX) and other popular cryptocurrencies.

One of the key features of the Klever wallet is its full support for web3 on Ethereum, Klever and Tron blockchains, which allows you to interact with decentralized applications (Dapps) directly from the wallet. This is made possible by the Klever Browser Engine, a built-in browser that is optimized for interacting with Dapps and the Ethereum blockchain.

With the Klever self-custody wallet, you can easily and safely store, buy, sell, and exchange Bitcoin (BTC), Ethereum (ETH), Klever (KLV), Tron (TRX) and other popular cryptocurrencies. The wallet’s self-custody model gives you complete control over your assets, as you are the sole owner of your private keys. This ensures that you are the only one who can access and manage your funds, providing an added level of security and peace of mind.

In addition to self-custody, the Klever wallet also supports staking, which allows you to earn rewards by holding and supporting the network of a particular cryptocurrency. For example, if you hold any amount of KLV tokens, you can stake them on the Klever network and earn a percentage of the transaction fees as a reward. This is a great way to not only secure the network, but also earn passive income on your holdings.

The Klever Wallet also includes support for smart contracts on Ethereum, Klever and Tron blockchains, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This allows for faster, more secure, and more efficient transactions, as the contracts can be automatically executed without the need for intermediaries.

In addition to all these features, Klever Wallet is also fully decentralized, meaning that it operates on a peer-to-peer (P2P) network rather than relying on central authority. This decentralized model allows for increased security and autonomy, as it is less vulnerable to attacks or censorship.

One of the main advantages of Klever Wallet is its user-friendly interface, which makes it easy for even the most technologically challenged individuals to navigate. The wallet has a clean and intuitive design, with all the features and tools you need to manage your assets clearly labeled and accessible.

In addition to the Chrome version, Klever Wallet is also available for iOS and Android devices, giving you the flexibility to use it on the device of your choice. This makes it easy to manage your assets on the go, whether you are at home, at work, or on the road.

Overall, the Klever self-custody wallet for Chrome is a powerful and secure platform for managing your cryptocurrency assets. With its self-custody model, staking support, smart contract capabilities, and decentralized design, as well as full support for web3 and the Klever browser engine, it is well-equipped to handle all your crypto needs. Whether you are a seasoned pro or a newcomer to the world of cryptocurrency, the Klever wallet is an excellent choice for storing, buying, selling, and exchanging your digital assets.

Klever has received approval from the Google Store for the release candidate (RC) version of its Klever Extension. The RC version has the potential to become a stable product but may still have a low number of bugs that require fixing.

It can only be accessed via this direct link and will not yet be available in Chrome Store searches.

DOWNLOAD KLEVER EXTENSIONThe RC version of Klever Extension allows users to:

• Send and receive on 5 blockchains (TRX, BTC, ETH, BSC, and KLV)
• Manage multiple accounts
• Create and import accounts
  • Import by mnemonic, private key, or pemfile.
• Support tokens such as KFI (KDA), KLV, DVK, and USDT (TRX), and USDT (ETH).
• It also allows users to list transactions
• Support DeFi providers through WEB3, TRONWEB, and KLEVERWEB
• Manage DeFi connections.

In the final version, Klever plans to implement auto sign and an option to make the extension default to ETH web3 in order to avoid conflicts with other extensions. Currently, users must disable other extensions, such as MetaMask and TrustWallet, in order to use the Klever Extension on Web3.

In the final version, users will simply be able to check a “default extension” box to accomplish this.

One of the key features of the RC version is that if the extension is already installed, Google updates will occur automatically.

Klever aims to release the final version in Q1.

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Klever’s goal is always to bring knowledge towards financial freedom for all.

The company started in the last semester of 2022 the Klever Insights, where our expert communicator, Misha Lederman, goes over important topics that can help you with Klever products and with the crypto world understanding in general.

In this series you can learn about the functionalities of the Klever Wallet app; how to operate with Klever Exchange; the 101 of the NFT marketplace inside the Klever Ecosystem; the importance of owning your private keys in crypto and so much more.

So, if you’re willing to start your journey – or even if you already know how it is and want to go deeper – take your time, bring your coffee, lay back and enjoy:

1. Creating a new crypto wallet is easy
In this first video of the Klever Insight series, Misha outlines the steps and security tips when creating a Klever K5 crypto wallet.

Remember: The Klever wallet app securely supports the world’s major cryptocurrencies like BTC, ETH, TRX, KLV and more.

2. Learn how to restore your crypto wallet

After creating a wallet, it is important to know how to restore it in case of need.

Klever Wallet lets you access and restore coins across 30 top blockchains, accessing over 10,000+ cryptocurrencies. See how you can do it:

3. Adding additional crypto accounts to Klever Wallet

Adding other accounts to your wallet can be extremely helpful to keep your assets organized.

Learn how to add additional accounts after a crypto wallet restore using Klever Wallet.

4. How to select Bitcoin and other tokens via the token filter in Klever Wallet, K5

The Klever Wallet allows you to filter the cryptocurrencies you wish to visualize in your app at first.

In this video, you’ll learn how to filter Bitcoin, USDT, Klever and any other crypto tokens in Klever Wallet, K5 app.

5. Learn how to back up your Klever Wallet

Doing a backup of your wallet is super important.

Since the Klever Wallet app is a non-custodial wallet – meaning that only you have the keys for your crypto – you must keep your SEED phrase safe, and the backup can help you in case you need to save all your SEED again.

Find out how to back up your crypto wallet.

6. How to create additional crypto accounts in Klever Wallet

Want to add additional crypto accounts like BTC, LTC, USDT to Klever Wallet, K5?

Well, Misha can teach you how to do it:

7. How to import accounts using private keys

Your private keys are the power in your hands.

One of the rewards of owning your PK is that only you have access to your crypto, keeping you safer.

Learn how to import BTC, USDT, KLV and other crypto using your private keys in Klever Wallet.

8. How to access official Klever support

Our support is our pride. An online 24/7 works tirelessly to bring you the best assistance in the crypto world for any Klever product.

Learn how to access official Klever support channels using Klever Wallet.

9. How to connect to Dapps using the secure Klever Wallet browser

Decentralized apps are one of the coolest things in the crypto world.

From games to decentralized finances (DeFi) platforms, Dapps unleash the whole power of the web3 universe for all users. And, of course, you can use that superpower with some Dapps that already work perfectly in sync with the Klever Wallet app’s Browser.

Learn how to connect your Dapps using the secure Klever Wallet browser.

10. How to claim your FREE .klever domain with Unstoppable Domains in Klever Wallet, K5

Unstoppable Domains is one of Klever’s partners that aim to make your web3 experience easier.

By owning an Unstoppable Domain, you can have your own wallet’s address, not worrying about a huge code to send, receive or do whatever you wish with your crypto.

Instead of a code, you can own a ‘klever.johndoe’ wallet address for example.

Learn how to claim your FREE .klever domain with Unstoppable Domains in Klever Wallet, K5

11. An easy guide to stake your KLV in Klever Wallet

Staking is one of the best forms of passive income in the crypto world.

By staking KLV, you can invest in a solid project with a loyal family of members that continuously work to grow its ecosystem.

Learn how to stake crypto like KLV in Klever Wallet.

12. How to delegate KLV to KleverChain validators

In this video, you’ll learn how to delegate KLV to KleverChain (Klever Blockchain) validators.

Misha will go over how to do it using the Klever K5 Wallet.

But remember to delegate to validators, you will need to stake at least 1,000 KLV in what we call a Bucket.

13. How to stake KFI in Klever Wallet, K5

Klever opens the opportunity to anyone with a mobile device anywhere in the world to earn a passive income by staking, or freezing, KLV and KFI tokens into the Klever Staking Pools.

So, with KleverChain staking protocols, you can earn rewards and participate in the Klever Blockchain by securing the network.

Learn how to in this video:

14. Your keys, your crypto

If you’ve been following recent events in the crypto space, you know that safety and security of users’ funds are the pillars that make our industry unique.

Crypto is a paradigm shift for how we conduct and approach our personal finances, and self-custody is at the heart of what crypto stands for.

See Misha’s tips and analysis on this topic that is super important for all crypto users:

15. What is Klever Swap

We created Klever Swap in order to make trading crypto simpler, faster and more convenient for our users.

Through continuous monitoring of live prices on top-tier exchanges, our trading engine creates a price index used by the Swap.

Klever Swap allows users to seamlessly exchange coins or tokens from one blockchain to another, such as BTC to ETH or KLV with full privacy and unrivaled speed.

Learn more about it in this video:

16. Learn how to use Klever Swap in Klever Wallet, K4

Klever Swap is a core feature of the Klever ecosystem and allows you to seamlessly exchange coins or tokens from one blockchain to another with full privacy and unrivaled speed at the click of a button.

In this video, Misha runs through the basics on how to use Klever Swap, a tool that you can access today in Klever’s K4 wallet, with an upcoming launch of Swap v2 in Klever’s new K5 wallet soon.

17. How to sign up to Klever Exchange

Trading is an important part of crypto, enabling people around the world to exchange their coins and tokens in a seamless, secure, and intuitive way.

That’s why we at Klever offer both a decentralized self-custody wallet with built in Swap, but also a centralized trading platform in Klever Exchange, for all who want to be in more control of their trading experience.

Start your own trading journey:

18. How to deposit crypto on Klever Exchange

Klever Exchange has several ways you can deposit your funds and you are always just a click away to load your balance for a secure and intuitive trading experience.

Here, Misha goes through the simple steps on how to deposit funds into your Klever Exchange account.

19. How to trade on Klever Exchange

This video is super important if you want to learn how to make a trade on Klever Exchange.

Klever Exchange supports the most common and needed trading methods, but packaged in a simple and easy-to-use way.

20. How to withdraw crypto from Klever Exchange to Klever Wallet

Since you have learned how to deposit funds and execute a trade on Klever Exchange, it’s also important to know how to withdraw your funds, preferably to a self-custody wallet like the Klever Wallet.

In this video, we go over the steps on how to withdraw your funds from Klever Exchange.

21. How to get verified on Klever Exchange

In this video of the Klever Insights’ series, we go through the steps on how to verify your account to commence trading and increase your withdrawal limit.

The KYC, or Know Your Customer process is handled by our partner Jumio and their ID verification technology.

Jumio supports over 3,500 different ID types from all over the world to ensure global coverage for Klever Exchange.

Check it out:

22. How to connect to Klever NFT

In this video, we start talking about the KleverNFT platform and how you can connect to it using your mobile Klever K5 wallet as well as the Klever Extension for web.

The Klever NFT platform is a place built to offer the best experience to all NFT enthusiasts – from creators to collectors.

Super easy to use, secure and highly accessible, KleverNFT aims to give collectors the simplest, most reliable and less complicated platform to buy NFTs, and as a buyer, you hold full custody of your NFTs.

23. How to buy NFTs on Klever NFT

In the continuation of exploring the KleverNFT process, this video focuses on how to buy NFTs on KleverNFT using the Klever K5 wallet.

24. How to sell NFTs on Klever NFT

Still on the NFT topic, here Misha goes through the simple steps on how to sell your NFTs on the platform using the K5 wallet.

25. Understanding the Klever Ecosystem

It’s time to take a deep dive into the Klever Ecosystem, explaining all aspects of the world of Klever in a simple and direct way!

So, what is Klever?… Let’s dive in!

26. Crypto & Regulations

In this video, we talk about crypto and regulations, today a hotly debated topic that will truly shape the future of the blockchain industry for decades to come!

Spread the knowledge

At the end of the day, it’s all about the knowledge.

So, have you watched any of those videos? What did you think about them?

Share it, comment on it and spread the word – the web3 world and the solutions in it will only grow if we commit ourselves to the mission of spreading the knowledge for everyone.

And the Klever Insight series will continue with more topics regarding the Klever Ecosystem and the hottest topics in the crypto world as we keep our cameras and voices on.

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With NFTs causing a stir in the gaming space, Devikins maintains the edge by offering players role-playing games featuring character breeding and combat gameplay.

The majority of popular NFTs exist in digital form only and cannot be used in games, but DVK changes this and makes them more valuable.

To hold the leader in web3 games, users can now deposit and withdraw DVK (KDA) on Klever Exchange.

How to trade DVK (KDA) if you’re new to Klever ExchangeTo get your DVK (KDA) tokens, users need to open an account for free and follow the registration process. Klever Exchange offers a two-factor authentication (2FA) feature along with other security tools to keep your account as safe as possible.

Once that is done, the user needs to first deposit crypto to their account.

• Login to your account
• Go to your profile section.
• Click on deposit
• Select the crypto you want to deposit (in this case USDT)

If you don’t have crypto, you can buy for example USDT using Klever Wallet, K4 or K5 with your debit & credit cards.

Once you have your USDT, you are now ready to deposit it in your exchange account. Get your token address where you want to send the crypto and then swap it for DVK (KDA) on Klever Exchange.Currently there are four available trading pairs available on Klever Exchange:
DVK/USDT: https://klever.io/DVK-USDT
DVK/KLV: https://klever.io/DVK-KLV
DVK/TRX: https://klever.io/DVK-TRX

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In the crypto world, there is another question that can mislead the answer: hot or cold?
Before you answer about the weather, keep that in mind: here, we are talking about cryptocurrency wallets.

Even though I hardly doubt that this would be a topic to start a conversation – especially because this is personal and should not be shared as small talk – this knowledge must be imprinted in your mind so you can make smarter choices for your crypto investments.

But let’s start from the beginning.

What is a Crypto Wallet?

A cryptocurrency wallet is a software or physical device that will help you store your crypto.

According to the report made by Grand View Research, as of August 2022, the number of crypto wallet users reached 84.02 million worldwide, from 76.32 million users in August 2021. The increasing growth in crypto wallet usage can be attributed to the growing use of cryptocurrency in general.

(source: Grand View Research)

The Market size value of crypto wallets in 2022 was USD 8.42 billion and the research made a revenue forecast for 2030 of USD 48.27 billion.

With time, more interest and more needs from the users, crypto wallets developed more features other than just helping you store your crypto.

Swapping, buying, selling, sending, and receiving are just a few of the functionalities that some crypto wallets offer nowadays.

Of course, that is the case for the Klever Wallet app, now going to its fifth version, the K5, and the even newer Klever hardware wallet, KleverSafe.

Custodial vs. Non-Custodial Wallets

But before we jump into the considerations of hot/cold and how Klever provides solutions for both, it is also important to remember that wallets have another kind of segment: custodial and non-custodial.

And what is custody?

Custody means ‘ownership’ in the crypto world. When you have custody of some asset, you have the complete ownership of it.

You can’t have ownership without having custody of something. This leads us to the definition of the Custodial and Non-Custodial wallets.

The Custodial wallets (usually bound with Exchanges) have custody of the crypto that you stored in that wallet and Non-Custodial keep the full ownership of the cryptocurrency to you.

Custodial wallets and Exchanges work similarly to a regular bank: it provides liquidity and manages operations with the clients’ assets to ‘make the money go round’ into that system.

As for Non-custodial wallets, they only provide the service that will allow you to manage your crypto, but they do not own any of your assets.

Actually, they don’t even have access to it.

And then comes the easiest way to differentiate a custodial and a non-custodial wallet as a user:

• If it requires you to fill in information such as email, telephone number and more, it is probably a custodial wallet, where your information will be stored in the company’s system.

This can lead to some facilitations such as if you lose your password, they’ll provide you with a new one to access your funds.

• If it does not require any personal information and gives you a SEED phrase to generate private keys, this means that the wallet is non-custodial.

It’ll give a sequence of random words to take notes (preferably offline, on a piece of paper for instance) and that sequence will generate a big code that will be your private key.

This private key will not be visible or accessible, not even by the company that provided you with that technology.

Example of creating a private key through a SEED phrase in the Klever wallet app

This means that if you lose this sequence of words, you won’t be able to restore your wallet in case you update your phone/computer, get a new one or even if it breaks.

It is a safety measure adopted to guarantee even more safety in this online version of crypto wallets.

Okay, so what’s that thing about ‘hot’ and ‘cold’ wallets?

Good question.

Going straight to the point:

Hot wallets are connected to the internet. Cold Wallets are not connected to the internet.

There.

But to go a little further, we must remember the implications of being connected to the internet or not.

Hot Wallets

Hot wallets represent a massive group of wallets in the market, especially because they are easier to download, free of charge most of the time and more practical for daily use.

As previously mentioned, they are connected to the internet, and they provide more accessibility and practicality to the users’ daily lives.

According to the report made by Grand View Research which analyzes the crypto market, “the hot wallets segment dominated the market in 2021 and accounted for a revenue share of more than 55.0%”.

The research includes in the hot wallet category web-based, mobile, and desktop wallets which “are easy to access and downloadable on smartphones, desktops, or other devices”.

The Klever wallet app for instance, is the main character of the Klever Ecosystem, with more than 3.5 million users worldwide and hundreds of thousands of daily active users (DAUs) throughout the ecosystem.

K5, the KleverChain crypto wallet is non-custodial and super user-friendly

The Klever Wallet was originally designed to solve two of the most critical problems in

cryptocurrency today: crypto security and user experience.

In its new and improved version of the Klever Wallet, the K5, it’s bringing both security around blockchain transactions as well as a simple and intuitive user experience to a whole new level.

The K5 also comes with native integration of KleverChain and all its features, including but not limited to:

• Send, receive and hold KLV and all KDA tokens
• Staking on KleverChain
• Create a token on KleverChain
• Participate in network activities
• Change Staking rewards.

This adds up to the already well-established features such as:

• Swap crypto
• Send/Receive crypto
• Charge crypto
• Unstoppable Domains feature
• Travala feature

And more.

Cold Wallets

Even though cold wallets represent a different percentage of the market, there’s a reason for it: they require more investment and a little bit more diving into the crypto world.

However, that investment provides more safety, as cold wallets are devices that are not connected to the internet and therefore are less susceptible to hacking.

To invest in a hardware wallet is to invest in the safety of your assets.

In KleverSafe (Klever’s Hardware Wallet) website, it states that “to have a wallet offline can be of great benefit because it gives less exposure to sensitive information such as your cryptocurrencies (aka your money)”.

The KleverSafe symbolizes the ultimate hardware wallet to store, buy, exchange & grow your crypto assets from beginners to enthusiasts providing:

• Quick setup
• +200 accounts
• Offline private key
• Sophisticated & Safe design
• Certified security CC EAL5+

View of KleverSafe inside the device

KleverSafe also connects the user directly to the Klever Wallet app so all their crypto management will be done in the efficient and Klever way.

Which wallet should I have, then?

Well, it depends really.

Regarding the adoption of a KleverSafe for instance, the Klever team reinforces:

“Everyone should definitely consider [having] it, especially once the user gets to a higher level of investment in crypto.

Even though digital wallets such as the Klever Wallet app already have strong safety, to have an offline device to access your crypto account adds an extra layer of security to your investments”.

In simpler words:

If you enjoy the dynamism in dealing with your digital assets as well as the safe management of your crypto in a more user-friendly way: go with a hot wallet.

On the other hand, if you’re looking for something more stable and safer for storage of big amounts of crypto: try the cold wallet, then.

In the end, of course, this would be your choice since you know better than anyone how much and in what way you can invest and direct your crypto funds.

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Klever Wallet remains a unique wallet system that permits interoperability of various blockchain and creates a potential for those networks to facilitate user transactions in a secured and transparent way.

Several blockchain developers are raising the standard of how these networks can work efficiently to increase the speed of transaction and increase utility.

What is Polygon (Matic)Polygon (previously called Matic network) is a blockchain technology platform that enables blockchain networks to connect and scale. It also has its own cryptocurrency with the symbol MATIC.

Polygon is the first well-structured, easy-to-use platform that enables Ethereum scaling and infrastructure development.

The developers based the project on the core component of Polygon SDK, which is a modular, flexible framework that supports building multiple types of applications.

The Polygon Network is deploying a secondary scaling solution that aims to mitigate the challenges on the Ethereum platform, which include high transaction fees and slow transaction processing speeds.

Why use Polygon (Matic)?Matic uses an integrated, but modified proof-of-stake consensus mechanism that enables a consensus to be achieved with every block on the Matic network, unlike the traditional proof-of-stake.

However, the proof-of-stake method requires network participants to stake, in other words, agree to not trade, exchange or sell their MATIC tokens, for the right to validate Polygon transactions.

Is it possible to use the Matic browser on K5?The possibilities are becoming endless as the Klever team has maintained its goal of delivering all the features proposed to be experienced in the Klever wallet by ensuring the users have a secured and intuitive user experience using our Wallet system.

As a result of the current situation in the crypto space, it is only necessary to move over to a secured and transparent wallet system like the Klever Wallet where your keys translate to ownership of your wallet.

We have successfully integrated the Matic browser on the Klever Wallet 5 (K5) in order to enable our users to have access to their funds in Matic for transactions on other platforms in a seamless manner.

This compatibility works in a fantastic way where the users can access their secure transactions without the need to leave the Klever Wallet interface. Thereby ensuring that their transactions are safe and secure.

However, it has been noted that there are malicious decentralized applications designed to steal from unsuspecting users as they access such sites and applications.

At this point Klever would copiously state that we are not a financial adviser as to what applications users should or should not use, hence users are expected to carry out their own due diligence before accessing such malicious decentralized applications or sites.

Using the Matic browser in K5Users can now use the funds in their wallet to connect the applications and website in simple steps.

• Step 1 : Open your Wallet
• Step 2: Select the browser button
• Step 3: Connect your Matic wallet seamlessly by confirming your connection
• Step 4: Type in the Matic compatible website or application to be used.
• Step 5: Start browsing and authenticate your transactions.

In conclusion, users must hold some Matic in their wallet to be able make payment on decentralized applications when connecting with their Klever Wallets.

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Although the internet is known to be highly profitable for users, it is also important to maintain a high level of security due to the increasing number of cybercriminals who basically want to rob unsuspecting users of their money.

At Klever, our major concern is ensuring user funds are secured and always protected hence we focus on enlightenment campaigns to ensure users remain vigilant to the possibility of criminals lurking around for vulnerability in their usage of crypto wallets.

We have outlined some security tips to put our users on guard and remain vigilant while using their devices and making transactions on a daily basis.

These include but is not limited to the following:

1. Always use 2FA: the use of two-factor authentication (2FA) which can be a text message via the user’s telephone number or the use of either the Google authenticator (GA) and an email verification can provide some level of security to the user’s account.
2. Keep your private keys safe and secure: The private keys of an individual are unique to the individual and should not be shared with anyone no matter how close they are to you for your own personal safety. This would help to reduce the possibility of it being stolen or used to access the account of the individual.
3. Choose a unique secure pin: The personal identification number (PIN) is meant to remain private to the individual and must remain safe and secure; however, many people regularly use pins that are obvious to the potential hacker, such as the date of birth of themselves or their families, posing a threat to the security of their information. To avoid security breaches, users should not use their date of birth as their pin.
4. Use a cold wallet storage: A cold wallet storage like KleverSafe is a recommended hardware wallet developed by Klever Electronics for storing large amounts of crypto for the user’s safety.
5. Always double-check all URLs and sources: The increase in cybercriminals has hit an unprecedented level with most of them mimicking and creating clones of websites and other resources all in the bid to defraud unsuspecting users. This is more of the responsibility of the users to double-check and confirm that the sites or resources they are using are authentic sites to avoid being misled.

In conclusion, Klever would continue to enlighten our community and potential members of these safety tips on a more frequent basis to protect them from the vulnerabilities associated with scammers and fraudulent hackers all over the world in a Klever way.

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Users can participate in a carefully selected and vetted range of projects incubated by Klever Labs, which provides a percentage of bonuses if they participate in the launchpad event.

Klever Labs is committed to incubating projects with a working product. We thoroughly KYC all team members and invest seed funding to bootstrap projects.

Essentially, projects are close to launch and require funding for engineering the second phase, business development, marketing, and legal work.

A further advantage is that projects incubated by Klever Labs have access to the KleverChain team for support and development needs.

Innovative technology allows Klever Labs projects to raise funds using our Klever Swap technology, which is currently available in Klever Wallet, K4 and will soon be available in K5.

Every project will be listed and available on Klever Wallet, Klever Exchange and Klever Swap as well.

First project to kickstart our new innovative technology is KLV:Klever Blockchain’s main utility token is Klever Coin (KLV). KLV is used for all transaction fees, validator staking, validator rewards, delegation, minting and transfers on KleverChain.

With KLV as the primary utility token for all primary activities on KleverChain, along with all Klever’s existing products, platforms, and services, Klever and its users will gain credibility, accountability, flexibility, and independence.

Launchpad goes liveAs of December 15, 2022, you will be able to buy KLV for Stake using USDT and swapping it into a stake contract for 6, 12, 24 or 36 months. Once staked, you will receive a web3 NFT token that will grant you access to predefined and fixed bonus rewards as stated below.

This NFT token can be swapped into available crypto swap options in Klever Wallet, K4 after your chosen stake period of time expires.

This phased buy for stake period will allow you to stake a maximum of $5,000,000 USD.

All funds locked into the buy for stake with our Klever swap launchpad contracts will be used for wallet and blockchain development.

Next Buy for Stake go live suggested dates are referenced below, projects names will be announced closer to the time.

Important to note:

• These projects are vetted and at the same time, available for a limited time only.
• Projects will be available until the total slot/limit of available stake is maxed out.
• “Start” dates could be adjusted where needed be and at the discretion of the Foundation.
• Funds come from Klever Foundation and will never be newly minted.

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The Klever development team is futuristic in its goals as this is depicted in all the updates that have been made on the Klever Wallet from its inception to date.

This involved the development and implementation of several features that would be beneficial to the community and subsequently making the use of the Klever Wallet more intuitive than ever.

What is Klever Wallet 5 (K5)The Klever Wallet was originally designed to solve two of the most critical problems in cryptocurrency today, which is crypto security and user experience.

Our new and improved version of the Klever Wallet, K5, will bring both security around blockchain transactions as well as a simple and intuitive user experience to a whole new level.

The K5 Wallet is a simple, secure, and versatile self-custody crypto wallet that has the potential to support all major blockchains.

It includes an advanced Klever Browser that offers direct access to dApps / kapps compatible with Klever, Ethereum, Tron, Binance Smart Chain, Polygon, Kusama blockchains, and more.

How to use the ETH browser in K5Klever has maintained its focus in delivering all the features proposed on our working document (White paper) to ensure the users have a secured and intuitive user experience using our Wallet system.

With the current situation in the crypto space, it is only necessary to move over to a secured and transparent wallet system like the Klever Wallet.

We have successfully integrated the Ethereum browser on the Klever Wallet 5 (K5) in order to enable our users to have access to their funds in Ethereum for transactions on other platforms in a seamless manner.

This compatibility works in a fantastic way where the users can access their secure transactions without the need to leave the Klever Wallet interface. Thereby ensuring that their transactions are safe and secure.

However, it has been noted that there are malicious decentralized applications designed to steal from unsuspecting users as they access such sites and applications.

At this point Klever would copiously state that we are not a financial adviser as to what applications users should or should not use, hence users are expected to carry out their own due diligence before accessing such malicious decentralized applications or sites.

Using the ETH browser in K5Users can now use the funds in their wallet to connect the applications and website in simple steps.

Step 1 : Open your Wallet

Step 2: Select the browser button

Step 3: Connect your ETH wallet seamlessly by confirming your connection

Step 4: Type in the Ethereum compatible website or application to be used.

Step 5: Start browsing and authenticate your transactions.

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Web3 is all about connection.

Connections between nodes; connection between ideas for community projects; connection between people.

Another important connection is between tools, features, and products. If you start to feel difficulties in integration, you start to feel that the technology is also not complete.

The Klever Extension is a key-based and non-custodial wallet module for customizing a web browser.

This means that you can connect your wallet account in your browser (for now, available for Google Chrome) and it’ll work similarly to the Klever Wallet app on your phone.

For now, the Klever Extension is in its BETA phase and can be tested by anyone who wishes to see this facilitator coming alive.

How to use Klever Extension for NFTsWith the Klever Extension, you can also connect to your wallet account automatically when you enter the website klevernft.com and make purchases and sells – even in the BETA phase!

To do so, follow these steps:

1. Submit for early access

First, go to the Klever Extension web page and give your email address for the early access;

2. Check email and download

In a few, you’ll receive an email from the Klever Marketing team explaining that to be accepted in the testing program, you’ll need to wait at least 24h for Google to authorize it.

After the approval, you will have to log in at https://chrome.google.com/webstore/category/extensions and download the Klever Extension.

3. Activate Extension and Import Wallet

After the download, you’ll be able to activate the Extension on your Google Chrome and connect your wallet. You can either create a new one or import wallet by completing the 12-word SEED and creating a password that will serve as authorization for the transactions.

OBS: Make sure you have the latest version of Google Chrome or you won’t be able to complete the connection process.

Using Klever Extension on KleverNFT.com

1. Connect KleverNFT

Once your wallet is connected, go to the klevernft.com website. Make sure you have the Klever Extension installed and running.

It’ll show your address in the right upper corner like this:

2. Buying and Selling

Now, you can make purchases and sell on the website automatically.

2.1 To Buy

Just choose which NFT you want to purchase – either on Launchpad or in the Marketplace – click on ‘Buy Now’ and complete the transaction as the examples below.

5.2 To sell

– Click on your address in the upper right corner and then on ‘Account’.

– Choose the NFT from your list that you wish to sell;

– Select the ‘Put on Sale’ button behind the NFT thumbnail;

– Set your selling price and finally click on ‘List NFT’.

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In order to make any transaction in klevernft.com, the users must connect their wallets to the platform.

Here are the steps to follow:

Step 1: As we only support KleverChain for now, the user will be able to connect the platform with their K5 wallet. Therefore, open your K5 app;

Step 2: Open the Browser tab on the bottom menu and insert “Klevernft.com” address

Step 3: Make sure that the network selected in the bottom is the KleverChain;

Step 4: Click on the ‘Connect Wallet’ button;

Step 5: There you go! Now, your wallet is connected to the KleverNFT platform and you’ll be able to make the transactions you want automatically inside your wallet!

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This has been further improved with the partnership of Klever and Mercuryo, which is a Fiat on-ramp payment gateway platform.

This is indeed a massive plus to the number of transactions which can now be executed on the Klever Wallet as a result of direct access to cryptocurrency using a payment gateway like Mercuryo.

With the introduction of the fiat on-ramp payment system on the Klever Wallet, the challenge for newbies and non-techy users who have been inquiring about “where to buy cryptocurrency” will perhaps become a thing of the past and eventually create more opportunities for a global actualization of total financial freedom

Users can use our Klever Wallet (K5) for executing these transactions in the following steps as outlined below.

• Click to open the wallet.
• Select the buy crypto button on the home screen.
• Select the cryptocurrency to be bought
• Select the payment gateway to be used (T&C applies) in this case Mercuryo
• Input the Amount of crypto you want to buy or the fiat equivalent in USD
• Select the receiving address to be credited.
• Input your email address to receive the transaction code
• Input your card details and fill out the required information.
• Upload your Identification details.
• Wait for the confirmation of your payment.
• Wait for your cryptocurrency to be delivered to your wallet.

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Users can participate in a carefully selected and vetted range of projects incubated by Klever Labs, which provides a percentage of bonuses if they participate in the launchpad event.

Klever Labs is committed to incubating projects with a working product. We thoroughly KYC all team members and invest seed funding to bootstrap projects.

Essentially, projects are close to launch and require funding for engineering the second phase, business development, marketing, and legal work.

A further advantage is that projects incubated by Klever Labs have access to the KleverChain team for support and development needs.

Innovative technology allows Klever Labs projects to raise funds using our Klever Swap technology, which is currently available in Klever Wallet, K4 and will soon be available in K5.

Every project will be listed and available on Klever Wallet, Klever Exchange and Klever Swap as well.

First project to kickstart our new innovative technology is KLV:Klever Blockchain’s main utility token is Klever Coin (KLV). KLV is used for all transaction fees, validator staking, validator rewards, delegation, minting and transfers on KleverChain.

With KLV as the primary utility token for all primary activities on KleverChain, along with all Klever’s existing products, platforms, and services, Klever and its users will gain credibility, accountability, flexibility, and independence.

Launchpad goes liveAs of December 15, 2022, you will be able to buy KLV for Stake using USDT and swapping it into a stake contract for 6, 12, 24 or 36 months. Once staked, you will receive a web3 NFT token that will grant you access to predefined and fixed bonus rewards as stated below.

This NFT token can be swapped into available crypto swap options in Klever Wallet, K4 after your chosen stake period of time expires.

This phased buy for stake period will allow you to stake a maximum of $5,000,000 USD.

All funds locked into the buy for stake with our Klever swap launchpad contracts will be used for wallet and blockchain development.

Next Buy for Stake go live suggested dates are referenced below, projects names will be announced closer to the time.

Important to note:

• These projects are vetted and at the same time, available for a limited time only.
• Projects will be available until the total slot/limit of available stake is maxed out.
• “Start” dates could be adjusted where needed be and at the discretion of the Foundation.
• Funds come from Klever Foundation and will never be newly minted.

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In a crypto-verse comprising countless projects with their accompanying communities backing them, there lies a robust group of people bound by a common purpose, to propel the success of what they hold dear, that community is the KleverFam.

What is a Community?Generally, a community refers to a group of individuals bound by common interests, needs, ideologies, goals, and zeal’s who work together towards the realization of community goals, either individually or collectively as a group.

Examples of communities are seen in local Business groups, Unions, Towns, Academics, Church forums, and so on.

These communities may be formed locally or internationally, and members meet periodically to discuss the community goals and ways of achieving them.

Thanks to the advent of technologies like smartphones, communities can easily be hosted online through social media platforms like Twitter, Facebook, Discord, Slack, Telegram, WhatsApp, and the like.

How Community relates to CryptoCrypto, like all other human undertakings, requires a community to thrive and Klever isn’t left out.

In a concise definition, a crypto community describes individuals who share an interest in similar crypto coins, tokens, or web 3 projects, are invested in them, and bind together to stimulate their successes.

In a broader sense, crypto as a community encompasses all the believers of a futuristic web 3 and the independence of all humans both financially, socially, and otherwise, and who work in the light of accomplishing these visions using blockchain technology.

Within this wholesome tree of diverse individuals and personalities, there exist smaller, yet independent sub-groups or communities of people who are champions of their specific crypto projects or undertakings.

These independent groups of people serve as fabrics and means through which significant goals of their respective communities are realized.

This is observed in the fact that behind every crypto project that has seen the light of day, there’s an army of communities backing them.

These communities are made up of individuals of diverse backgrounds, colors, and creeds, who are nonetheless brought together by shared objectives for which they commune, share ideas, and help to achieve the designated goals of their community. Which oftentimes leads to individual growth, personal development, satisfaction, or fulfillment in the long run.

Without these groups of people, there may not be cohesion, continued support, or the desire for developers to build.

This is unequivocally true because when it comes to project building in the crypto space, developers need as much support as they can get. This support stems from a group of people who invest not only their money, but time, talent, effort, and other resources to see to the success of these projects and their community by extension.

Having overviewed what community entails, let us take a look at the specific importance of Communities to a business or company.

Community as a competitive advantageIt is an observed phenomenon that any company or business that can build a strong and active community amidst its product delivery unlocks a highly competitive advantage over its peers.

This is because its community will consciously and intentionally spread the word about the company’s products to friends, families, and even strangers far and near who will likely keep the word spreading, thereby unlocking a stream of users for the company.

Subsequently, the business could grow to attain a pinnacle of relevance among industry competitors.

Generation of tangible value such as content creation, online advocacy, and marketing.

In a time when content creation happens to be a great marketing tool, a community helps a business to grow by making content with and advertising its products.

Since literally every internet space is filled with content of all kinds, communities leverage content creation to appeal to a given audience and help leap a company or business forward in growth.

These contents can also be used in online campaigns and advocacies.

Community as an interactive place of belongingness

By nature, humans are wired to seek a meaningful sense of belongingness, connectedness, and mission.

Therefore, different individuals from all walks of life with varied talents find themselves under one umbrella with other humans who also seek similar satisfaction with them.

When a business is able to establish a community where individuals may find what they are looking for, and in turn understand the business’ goals and objectives, these individuals tend to extend their support to the business and help it grow.

Crypto businesses have leveraged these advantages of communities to grow their businesses.

Among the many crypto communities that exist, the Klever community happens to be one of the best communities.

Below is a depiction of Klever’s strong and diverse community.

Klever’s Strong and Diverse Community.

Cutting through the various Countries of the world are unique individuals brought together by a common dream, the Klever dream.

This dream is built upon a mutual desire for financial independence availed by investment opportunities through Klever.

These opportunities are hinged upon unique products created, and services rendered by Klever’s experienced and knowledgeable team of experts in their given fields, working tirelessly to improve how human transactions are carried out using blockchain technology.

The Klever Community, as a strong and vibrant group of people, has always shown unwavering support towards Klever. Both in the bull and bear market.

The Community’s support can be summed as an all-weather kind of support that is rare to get, especially in the crypto space.

This Community’s unchanging support has helped Klever to continue building, through all hurdles of the market, knowing that they have a community who stand by them.

The build-up of Klever Community

The Klever Community is made up of diverse individuals with varying experiences, strengths, and abilities. These individuals include investors, thought leaders, developers, influencers, and crypto enthusiasts of all kinds. Their abilities are shown in full glare in their eagerness in attending to, sharing their wealth of knowledge, or rendering help to community members who may need it.

These Community members do not see themselves as distinct from Klever. Rather, their affinity with Klever is viewed from a lens of communal ownership whereby every individual is drawn to contribute their tiny bit towards helping Klever succeed.

How Klever’s strong and diverse Community helps it to succeed

The success of a business, particularly a crypto-related business, lies in its community to a reasonable degree.

This is because the community provides support and at the same, are the first users of the products created by the business.

Without them, product creation, usage, and support would be like building a house with nobody to live in it.

Here are ways by which Klever’s Community helps it to succeed

Increase in brand awareness

Increase in brand awareness is essential to the growth of any business because the more people know about the brand’s products, the more they will interact with, or use them. Thereby exponentially growing the business.

When it comes to increasing Klever’s brand awareness, the Klever Community is always ready to join hands and spread the word.

This is seen on online platforms where there is a duty-call to tell the world about Klever. The community never hesitates to register their presence and dutifully spread the Klever word.

All that is needed is to bring the community’s attention to such and they’ll bind together, respond in full force and perform these tasks.

On offline platforms, members of the community go round to establish Klever’s brand awareness through events, charity work, the raising of banners and signposts at strategic places, and one-on-one peer interactions.

Both online and offline, the Klever Community does an excellent job at increasing Klever brand awareness and helping Klever succeed.

Provision of Support

The importance of support in human endeavors cannot be exaggerated. This is because all humans need support now and then, even those who are excellent at doing their jobs. You never know how words of appreciation or encouragement can lighten up the day for an individual and push them to do more.

With Klever, the team builds, and the community supports them as the need may be, both in good and challenging times.

This has established a bond between Klever leaders and their community where both ends work in tandem to achieve Klever’s goals.

Education

As stated earlier, Klever’s community is made up of diverse individuals with various experiences, skills, and talents which include investors, developers, thought leaders, and otherwise.

Klever’s Community never hesitates to share their knowledge in providing guidance, explanations, or even help, to fellow community members who may need it.

To many, Klever’s Community serves as a learning hub where members acquire new knowledge or information they hadn’t known before.

And by Community interactions, influences are shared, Education occurs and both leaders and community members learn from one another.

Product Reviews and Feedback

Product reviews and feedback are essential in building an overall great product that users are happy to interact with.

The community, being Klever’s first users, tests, and reviews Klever products and gives their feedback on what needs to be improved or added.

The Klever team listens to, aggregates Community’s feedback, and incorporates needed suggestions into their product development in furtherance of well-rounded products that users are delighted to use.

Essentially, Klever exists for its community and the community exists for Klever too. Sharing mutual understanding, both commit to pushing the Klever brand to greater heights. And through Community, Klever can build meaningful and lasting relationships with their users who in turn, make contributions towards Klever’s success.

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To safeguard your crypto account, users must always use security features provided by the Klever Exchange.

In this article, we will look at a few tips that are important for a user to know when using any crypto exchange.

1. 2FA

Firstly, the user must set up two-factor authentication (2FA). It is the simplest, reliable approach to confirm that users are who they claim to be.

This security measure keeps hackers, scammers and impersonators from accessing your account. Crypto assets can only be lost if your mobile phone is compromised, and the hacker has access to your exchange login details.

How to set up 2FA

Step 1: Log in to your account

Step 2: Click on your profile

Step 3: On the popup, click on accounts

Step 4: Click to enable 2FA

Before, kindly download 2FA authenticator from the Google Play Store or Apple’s iStore for free.

Once you have downloaded it, scan the QR code.

The 2FA is successfully installed.

2. ID Verification

Another security measure is verifying your account by Identification documents. This measure can save you from identity theft.

Let’s see this can be done

As now you are in the account page

Step 5: Click on ID Verification

Step 6: A new webpage will open, click Start

Step 7: Select the country

Step 8: Select any one of the documents listed and follow the process.

After both the security features, your account is fully secured.

Note: Never share your backup keys with anyone.

As you have now learnt about the security feature, users must also keep in mind some valuable information about the crypto project that they are investing in.

3. Get to know the crypto projects

Users must search & scan the internet to know about the project they are interested in making an investment in.

Scanning social media platforms, reading project whitepapers, and checking if there are any backers for the project, advisors, and investors will be of great help for the users to make up their mind and proceed further with the project.

If the user could find out who the team members are behind the project, it would be good. Users must also find out whether the project is built on an existing blockchain or built on their own chain. It is mandatory to check the roadmap, if there is none; it means the project lacks substance for any investment.

There are some popular blockchain where many crypto projects are built, namely Ethereum, Polygon, Tron, Binance Smart Chain, Solana, Kusama, Polkadot, and others.

Newly launched chain KleverChain, which enables developers to build decentralized applications, and has many features that are lacking on other existing chains, has entered the race. Developers can build a variety of use case projects using the chain, which was launched recently.

To learn about crypto projects, use different sources

Users should also check the project whitepaper, which can be anywhere from 7 to 100 pages, depending on the project. The paper gives a clear picture of what the project aims to achieve.

The Bitcoin whitepaper titled, ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ which was released by Satoshi Nakamoto, the anonymous developer or group of people that wrote Bitcoin blockchain code in 2008 was just nine pages (including one page of references).

The nine pages were enough for Satoshi to explain why there is a need for peer-to-peer digital currency and what they are trying to achieve from it.

Built on a decentralized platform, Bitcoin was developed as a digital payment system that was built to take over existing traditional payment & finance which is totally centralized.

After Bitcoin there are various crypto projects that have been built to solve various use cases, like cross border remittances, education, privacy, data storage, health, finance, transport, entertainment, sports and much more.

It is better to know the project before you invest in it. Also check the exchanges they are eyeing or listed.

Select Smartly

As there are over 240 crypto exchanges, users can select from over 20,000 plus crypto projects to invest in.

However, it is advisable for the user to select projects that have all the details that they are looking for.

Crypto market is very volatile, always believe in your own research before making an investment call.

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Partnering with leading web pay service providers such as Simplex, Moonpay, and Mercuryo, the Klever team has made it possible to buy crypto coins directly inside the K5 wallet.

Thanks to this arrangement, you can now buy crypto coins from the comfort of your wallet.

To enjoy this in-app purchase, you have to first set up your K5 wallet. How do you do this? Walk with me to understand how to set up your K5 wallet.

Steps to setting up the K5 walletStep 1: Go to your mobile app store, Apple store, or Google play store, type “K5 wallet” and search for it. Download and install the wallet.

Step 2: Open your newly downloaded wallet. Once opened, you’ll see a ‘welcome’ window where you’ll be prompted to create or restore a wallet.

Step 3: Select “restore wallet” if you already have a wallet.

You will be prompted to choose a PIN that you will use to open your wallet going forward.

Step 4: Enter your PIN of choice which must be 6 characters long and confirm your PIN.

You will be taken to a window where you will be required to enter your wallet phrases

Step 6: Enter your seed phrases like in the example shown above and click continue. The contents of your wallet will be restored to you.

Note: Seed phrases are random words generated at the point of wallet creation which are usually 12 or 24 in number. They are your access to your crypto wallet and must be kept safe.

If you do not previously have a wallet and are starting anew, or you want a new wallet, please ignore “restore wallet” and select “create wallet” instead.

You will also be required to set up a PIN, set up this PIN, and continue.

You will be taken to a notification screen that explains the importance of seed phrases and why you should keep them safe. Make sure to read it carefully.

Step 7: Click “I agree” and proceed.

You’ll be shown a display of your newly generated seed phrases.

You are expected to write them down in the order that they are displayed.

Step 8: Write them down, and click “Continue”

The next window prompts you to enter those phrases in the order they were shown to you which you have written down.

Step 9: Enter those phrases in their exact order and click “Continue”

You’ll be prompted to increase the security of your wallet by activating biometrics.

Step 10: Activate biometry

You will be able to easily unlock your wallet with a thumbprint thereby quickly accessing its features and contents.

If you are seeing the screen below, then you must have successfully set up your K5 wallet. Congratulations!

Now that your wallet is set, let us look at how you can buy crypto coins using the K5 wallet

How to buy crypto coins using the K5 walletStep 1: Click “Buy crypto” as shown on the floating notification bar at the top of your home screen which is seen in the image above.

You will see a list of crypto coins from which you can select your crypto of choice.

Step 2: Pick your crypto of choice, TRX (Tron) for example.

You will be prompted to select a service provider.

Step 3: Select a service provider from the options above. This guide will use Moonpay for illustration.

Step 4: Enter the amount and click “Next”

Step 5: Use the address book icon to enter the receiving address as shown in the example above, then click “Proceed to check out”

You’ll be taken to a gateway where you will be prompted to enter your email address.

Step 6: Enter a valid email address that you can access to and click “Continue”

A verification code will be sent to your email address.

Step 7: Enter the code in the box provided and confirm your order.

Step 8: Add a payment method and proceed to pay. You can use Apple Pay, Visa or Mastercard.

Step 9: Complete payment. Your purchased coins will be delivered to your wallet afterward.

Step 10: Securely hold these coins in your K5 wallet.

Follow these steps to easily buy crypto coins using the K5 wallet. Download now and start using it.

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Klever Finance Token (KFI) is the governance token of KleverChain.

Owners of KFI tokens have full control over the setting of the applications protocol, including referrals and application fees, as well as the on-chain voting process for approving new apps.

Owners of KFI are also eligible to get KLV as rewards.

KFI holders are the set of people who can vote on how the Klever Blockchain is governed, and this voting is really carried out through a decentralized system.

KFI’s main utility is to empower a globally distributed Klever community to innovate in p2p technologies and advance decentralized finance products and services.

As for KLV, it is the main utility token used inside the KleverChain for transaction gas and energy usage.

The idea of Klever’s commitment to build a strong and lasting community is strengthened by the usage of KFI as a relationship token within the Klever network since the creation of liquidity will aid in the execution of even the most varied orders placed in our wallet and exchange.

With more applications being developed on KleverChain, more value flows into liquidity pools through KLV and more rewards are distributed to the KFI governance community.

The KFI governance community alone has the authority to accept or reject new kapps.

Since the KFI governance community is the one reviewing and authorizing the deployment of new kapps, KFI holders can ensure that KleverChain will be free of frauds and questionable apps by using the KFI governance voting mechanism.

How to trade KFI on Klever ExchangeOnce you have decided to trade KFI on Klever Exchange, the user needs to first deposit crypto to their account.

But, first, to own KFI on Klever Exchange, users need to either deposit some of it or buy USDT from Klever Wallet with debit & credit cards or via bank transfers.

Let’s take a first step forward to buy USDT in Klever Wallet. Users can buy USDT on both K4 & K5 wallets, but to swap, you need to use K4, as swapping service in K5 is still under development.

You can download the Klever Wallet which is available on Google Play Store & Apple’s iStore.

Once the users download the app, run it, save the 12 SEED words, and set up a six digit security code, they enter the portfolio page.

Payments are processed through Simplex.com, a payment service provider which avails banking channels to buy crypto.

Klever has also added four more payment gateways that include Mercuryo, MoonPay, Transak and Banxa to Klever Wallet, K5.

Once you have your USDT, you are now ready to deposit it to your exchange account.

Get your USDT (TRX) token address of your exchange and send it. Once you have USDT, you are not ready to trade it for KFI.

There are currently two pairs on which you can trade for KFI.

Trading KFI on Klever Exchange

Step 1: Login to your Klever Exchange account

Step 2: Go to your profile section and click on deposit

Step 3: Select the USDT you want to deposit in your exchange account

Step 4: Select USDT in this case and proceed with payments. Once you have KFI, you can exchange it with two pairs of tokens.

KFI/KLV https://klever.io/en/trade/KFI-KLV

KFI/USDT https://klever.io/en/trade/KFI-USDT

Trading KFI also has other benefits as every transaction has a unique transaction hash within the block and this can be used to check whether your trade for KFI was executed.

Klever Exchange also offers 24X7 customer support, where users can raise a ticket if there are any problems, they face during trading the pairs.

The Klever team makes sure that traders have unlimited opportunities to enjoy a successful trading environment where trading is easy and simple while utilizing the greatest technologies in a secure manner for user satisfaction and safety.

The idea of Klever is to ‘Make crypto simple’

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This helps users to understand the market better and make informed decisions which helps them to cut their losses and earn more profit, as compared to users who trade merely on guess work.

Though there are many chart patterns which you can follow to trade in crypto. But there are a few common chart patterns that are popular among traders.

Let’s check the top three most common chart patterns below.

Head & Shoulders

It is a unique chart pattern that signals a change in trend of the market from bullish to bearish. The pattern appears as a baseline with three peaks, the center peak being the highest and the outside two peaks (left shoulder & right shoulder) being relatively close in height.

The head and shoulders pattern appears when the price of a stock increases to its top and then drops back to where it started its uptrend.

The price then increases above the previous high to create the head before falling back to the initial base.

Finally, the crypto price experiences a second peak at a level close to the formation’s first peak before declining once more.

One of the most effective patterns for trend reversal is the head and shoulder formation.

It is one of the top designs that, to varied degrees, indicate the end of an upward trend.

Double bottom

A double bottom pattern is a well-known technical analysis charting structure that denotes a significant shift in trend and a change in momentum following a previous downward market trading movement.

It represents a security or index dropping, rebounding, dropping again to the same or a comparable level, and then rebounding once again (that may become a new uptrend).

The double bottom resembles the letter ‘W’ in shape. The low that was twice struck is now seen as a crucial support level. The upswing has fresh possibilities as long as those two lows hold.

A conservative interpretation of the pattern shows that the minimum-move price goal is equal to the separation between the intermediate high and the two lows in terms of profit targets.

When a price can’t appear to break a certain level, known as a ‘resistance level,’ the bottoms are formed. Some individuals search for double bottoms after a substantial slump because, in theory, they are thought to be patterns that signal a trend reversal.

Flag Pattern

A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flagpole).

The trend continuation pattern that enables users to trade while a trend is still in progress.

It happens when a significant trend of crypto asset price movement up or down abruptly ends.

The price then fluctuates roughly sideways within a constrained range, frequently moving slowly against the original trend.

The design now has a sloping, rectangular form that resembles a flag thanks to two trend lines that mark the top and bottom of that range.

Once the price exits the flag and resumes its initial, strong trend, you have the opportunity to join that trend at a somewhat lower cost than before the flag appeared.

There are bullish and bearish iterations of the Flag, as with most patterns.

When a price that has been rapidly trending abruptly stops and gently retraces in a rectangle range, the Flag pattern is formed.

Then it breaks through that range and keeps moving in the same direction, offering you the chance to enter the second half of a trend at a more advantageous price than it was before to the flag forming.

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KleverSafe Hardware Wallet is now available for purchase online. Designed with simplicity and security in mind, KleverSafe allows crypto enthusiasts and beginners to store, buy, trade, and safeguard their crypto assets.

• KleverSafe is accessible via the secure, user-friendly, and approved Klever Wallet, K5 app, currently used by over 3.5 million users globally.
• Cryptographic operations are performed through a high-grade integrated circuit containing your unique private key.
• In addition, it’s water-resistant, so you’re protected no matter what the weather conditions are.

KleverSafe, the crypto hardware wallet that provides unparalleled protectionBy connecting KleverSafe directly to Klever Wallet, all your crypto management will be done as efficiently as possible. In addition, if you’re a new user, you’ll get to experience holding & managing your digital assets in a harmonious and efficient way that’s unique to Klever products.

Taking your KleverSafe with you wherever you go is easy. This sophisticated design fits comfortably in your hand. Within minutes of receiving your KleverSafe, you can start using your hardware wallet.

KleverSafe comes in the form of an industrial tamper-proof plastic case with a black piano protective shell. It features unlimited blockchains and large capacity. KleverSafe has it all!

When it’s offline it is impossible to hack. You only need to connect your private keys when needed. It offers the highest security available for government level deployments and will protect your private keys.

Using Bluetooth 5.2, Klever Hardware Wallet can be securely paired with Klever Wallet, K5. Alternatively using a USB Type-C connector, Klever Hardware Wallet connects to Klever Wallet and allows you to confirm crypto transactions with the click of a button.

KleverSafe Black Friday Offer* KleverSafe units are available during our Black Friday sale from Nov 25, 6 PM UTC – Nov 27, Midnight EST

Only purchase your KleverSafe devices from an authorized provider i.e. kleversafe.io

SHOP BLACK FRIDAY DEALTweets by KleverElec

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With KUSD, you can send, spend, and exchange money worldwide faster, more efficiently, and safely. KUSD grants you future access to financial services and payments anytime, anywhere.

• KUSD opens for trading on Dec 1, 2022, at 3 PM UTC
• Available trading pair: KLV/KUSD
• KUSD is also available via swap in Klever Wallet, K4

https://klever.io/en/depositAs a digital dollar, KUSD operates at internet speed and is available 24/7. KUSD is a stablecoin that will now be available on Klever Exchange and will soon run on a variety of the world’s most advanced blockchains.

KUSD can be traded daily, and all digital dollars of KUSD can be converted into cash 1:1.

As a digital dollar with global reach, KUSD can be used whenever and wherever you want. Anyone with an internet connection can send, receive, and save KUSD. It’s easy to send KUSD around the world, pay for goods and services, or save for the future.

You’ll never have to wait for a transaction to be processed and money to be withdrawn. With KUSD, the concept of settlement times is obsolete because payments can be sent around the world and get deposited into your account via KleverChain in a matter of seconds.

Unlike most cryptocurrencies, KUSD maintains its price equivalence to the U.S. dollar. It is a fully reserved stablecoin, a type of cryptocurrency, or digital asset. With the speed and security of blockchain technology, KUSD is a stable store of value.

*A Proof of Reserves for KUSD will be released in conjunction with our new website, klever.cash. Klever.cash will be the new hub for Klever stablecoins.*

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If you’re reading this, you already are digging into the Web3 world.

Maybe you know some things about it and want to learn more – or maybe you just heard the expression and didn’t even know that there was a web1 and web2. It does not matter: if you are here and read until the end, you’ll be more updated about it and hopefully will see the importance of this topic to the world as we know it.

But why is that?

One good and solid reason relies on the most recent research done by Alchemy Insights, where it clearly states:

“Prices down. Devs up. Despite Ethereum decreasing 70% in price, verified smart contract deployments increased by over 40%”.

This means that, according to Alchemy, even though the market is pretty bearish in the most recent days, the building of a web3 world continues to grow strong.

Actually, for smart contracts, 2022 was the biggest year ever – yes, ever – for deployment. The numbers show 177,922 deployments in 2022, making it 36% of all verified smart contracts.

But before we go any further, let’s remember the key aspects that make Web3 a force of nature when it comes to the future of the internet.

Your Keys, Your DataThe functionality of web3 brings something good and greatly beneficial to the table: the total control of your data and your assets.

If you already have a decentralized crypto wallet, you know how it works: a cryptographic address where you own the keys to it and only you can authorize transactions with it.

But if you don’t have it yet, let’s make a quick example – when you wish to login in a new platform, it usually requests your basic info and, most of the times, to make it easier for you, it asks you to login into your Google account, Apple account, Outlook or others, right?

Regardless of which one you choose – or even if you wish to login with your email address – it will get your basic information (such as your email address, your name, sometimes phone number, your home address and more, depending on the platform).

According to the Chainalysis State of Web3 Report, “one of the biggest shortcomings of web2 is the precarity of consumers’ data, security and privacy”. Chainalysis points out the data collected from a data privacy startup, Mine, where it states that the average consumer’s personal data is held by 350 different brands.

“Unsurprisingly, not all of these companies prove to be trustworthy custodians of user data. Millions of people around the world have had their personal information compromised in data breaches, resulting in losses of billions of personal data records”.

– The Chainalysis State of Web3 Report

Data breaches threaten the safety of users when big companies concentrate all of the data (img: unsplash) With web3, this changes. By connecting your wallet, for instance, you do not send any personal information and even your address is a codified one.

It also protects your assets even more, with the blockchain technology and its consensus algorithms that make it harder to tamper with the network, ensuring more safety and efficiency (since you won’t have to face problems of the web2 world like ‘Hey, company X is down. Nothing is working!).

All of the benefits of a blockchain system are the basis and the foundation of web3 and all the perks of working with a blockchain technology comes along in the web3 world.

And although this system might not be perfect (yet!), education and the higher adoption of this decentralized way of network can bring even better solutions to the future.

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Blockchain disrupting banking & finance

How will crypto and blockchain shape the future of finance?

Blockchains: How are transactions validated?

What is a Blockchain ledger?

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Web3 Use CasesThe Chainalysis State of Web3 Report brought other significant numbers and information to support our theory. The report is ultimately very bullish, regardless of what the current numbers of the market say.

“We’ve only begun to scratch the surface of all that web3 can enable, but already we see a variety of use cases generating significant economic activity”.

– The Chainalysis State of Web3 Report

McKinsey & Company reinforces the use cases of Web3 as its true superpower.

“Web3 effectively enables traditional revenue streams to accrue to the users of a platform, enhancing the user value proposition relative to their Web2 equivalents”.

– McKinsey & Company “Web3 beyond the hype”

Chainalysis then dissects the possibilities that are already unraveling in the web3:

• Investing

Chainalysys mentions the popular DEXs (decentralized exchanges) that are being used for trading, speculating as well as staking and lending platforms to achieve stabler, more consistent returns.

The report also says that over the past five years, decentralized exchanges (DEXs) have emerged as a self-custodial, programmatic way for cryptocurrency investors to trade.

“DEXs allow users to swap between hundreds of trading pairs without an intermediary. And fifteen months ago, these DEXs for the first time eclipsed centralized exchanges (CEXs) in on-chain transaction volume”;

On-chain transaction volume on centralized vs. decentralized exchanges, January 2017–April 2022 (source: The Chainalysis State of Web3 Report)

• Borrowing and lending

On the other side of those lending contracts, the report mentions, the borrowers who put up their existing cryptocurrency as collateral to access capital.

• Art, entertainment, and culture

The hypest darlings of the web3: the possibility of truly owning and getting fairer shares from the creativity effort of many creators. “NFT collectors have spent billions to own art they love, while in the more nascent web3 gaming space, users are monetizing their leisure time with play to earn”.

Number of active NFT buyers and sellers, Q1 2020–Q2 2022 (source: The Chainalysis State of Web3 Report)

• Infrastructure

Another segment to keep our eyes on. The growth of companies that provide protocols to connect disparate parts of the web3 ecosystem are undeniable. According to the report, they are “setting the stage for future growth” and “raking in billions”;

• DAOs

Chainalysis explains it very well when it says that “many of the protocols powering the use cases described above are governed by DAOs”. The Decentralized Autonomous Organizations are bringing another level to ownership and shared governance in the web3.

They are “receiving billions in exchange for governance tokens, separate from funds received by the protocols themselves”, explain the report.

For Chanalysis, “Decentralized autonomous organizations (DAOs) are a staple of web3. Internet-native and blockchain-based, DAOs are intended to provide a new, democratized management structure for businesses, projects, and communities, in which any member can vote on organizational decisions just by buying into the project”.

Total assets held and number of DAOs by web3 category (source: The Chainalysis State of Web3 Report)

The world of DeFiMany of the solutions above are included in the DeFi concept.

Decentralized Finance is the boat that fits each component already mentioned here and its growth has not been shaken by the uncertainties of the market.

Chainalysis defines DeFi as the “backbone of the web3 ecosystem”, where an increasing transaction volume continues to happen, with a special participation of individual investors.

“DeFi activity exploded in 2021, peaking in Q2 at nearly $4 trillion in transaction volume. While growth has since leveled off, in part due to price declines for Ethereum and other assets, the number of individual transfers has stayed level and even increased in some quarters, which suggests that more individual investors are still entering the ecosystem”

– The Chainalysis State of Web3 Report

Total value received, number of transfers, and number of services by DeFi service type (source: The Chainalysis State of Web3 Report)

The challenge of the Web3As the Web3 revolution keeps on the rise, problems also start to appear where the independent and third parties-free aspect of it all can, sometimes, become its worst enemy.

McKinsey & Company highlights this issue as “regulatory scrutiny and outlooks”.

“Regulators in many countries are looking to issue new guidance for Web3 that balances the risks and the innovative potential, but the picture remains unsettled. For now, there is a lack of clarity—and jurisdictional consistency—about classifying these assets, services, and governance models”

– McKinsey & Company “Web3 beyond the hype”

One example that McKinsey & Company brings up is related to smart contracts. Even though they are an autonomous way to create a settlement between parties in the blockchain system, the lack of legal regulation and enforcement makes it harder for institutional adoption, especially by heavily regulated entities.

However, the issue that concerns some enthusiasts (the author herself) is how to make this entire world more user-friendly.

The tools and methods of web3 are still very confusing for the broader audience and this stops the technology from being massively adopted sooner.

Even though it might seem better for some to have this wider audience later, the market continues to feel shaky and more insecure while there is not a big and solid number of users.

The tendency, with massive adoption, is to become popular and regular, allowing really good projects to stand out for the solutions they bring to the table as well as giving even more space to embryonic projects too.

So regardless of other difficulties such as the technology itself or the cost of it all, a recent McKinsey survey can be as exciting as Alchemy’s (mentioned in the beginning of this article) if we look up ahead at the behavior of the consumers of the future.

The company finishes its analysis by reinforcing the need of the market to be aware of what’s happening in Web3 because of the power of assets’ ownership can have.

“[…] the value proposition for consumers at the heart of it—one that unifies data, functionality, and value, and in doing so creates opportunities for new and more efficient forms of applications and asset ownership—is a powerful one. If history is any guide, companies large and small, as well as the public and social sectors, may want to take note of the inroads Web3 is already making and start thinking about responsible ways to interact with it. Incumbents that fail to do so may suddenly find themselves overtaken by a fast-moving set of new technologies, new assets, and new ways of doing business”.

– McKinsey & Company “Web3 beyond the hype”

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By partnering with global fiat on ramp payment providers and brands, Klever aims to frow global crypto adoption and simplify cryptocurrency transactions.

This has been actualized by several partnerships which include the buying crypto with fiat viaSimplex, Banxa , Mercuryo , Moonpay.

Buying any crypto can now be done with the simple and short processes as follows in the K5 wallet:

• Click to open the wallet.
• Select the buy crypto button on the home screen.
• Select the cryptocurrency to be bought
• Select the payment gateway to be used (T&C applies) in this case Moonpay
• Input the Amount of crypto you want to buy or the fiat equivalent in USD
• Select the receiving address to be credited.
• Input your email address to receive the transaction code.
• Input your card details and fill out the required information.
• Upload your Identification details.
• Wait for the confirmation of your payment.
• Wait for your cryptocurrency to be delivered to your wallet.
• To better understand Klever Wallet, K5 please visit our help desk
• Watch our YouTube page to view our tutorials

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Why do you want to make an order in the order book and wait for its execution, when Klever Exchange has produced a new feature that will make this process instant?

A new feature called ‘Convert’ has been launched in the exchange that allows users to convert any of their listed tokens with other tokens with ease and that too instantly.

“It is a feature that executes a market order on the pair chosen by the user. Simple as that, instead of the user having to go to the order book and make the operation, he can use this direct menu with a more simplified screen,” Hilário C Mota Jr Chief Operating Officer – Klever Exchange said.

It’s the same as doing a Swap, but Convert is in a Centralized Exchange, whereas the Swap is made in a Decentralized Crypto Wallet, Hilario underlines.

It is amazingly simple to use. Let’s learn how to use it.

Step 1: Log in to your Klever Exchange account

Step 2: Click on Convert tab

Step 3: Select the token you want to convert

Let’s assume, we want KLV in return of USDT

Step 4: Add USDT in the first box

Step 5: Add KLV in another box

Add the value of USDT you want to convert. You will not see how much KLV you will receive in return of USDT

Step 6: Click Preview, check the details

Step 7: Click on Place Order

Note: You need to place the order in under seven seconds, or else refresh the page and start again.

Once you click on it, your order is processed, and the convert token will be deposited in your account

To check your account, Click on Holdings that can be seen on the top right side of the page.

Check your KLV total and USDT, the conversion will be reflected there.

If you go by the order book method, you will have to wait for a while to get it processed. If you are looking to trade a pair at your own rate, then an order book is the best means.

Note: Users will have to pay slippage for every transaction, so check the slippage before you place an order.

So, what are you waiting for? Convert your tokens with bullet speed and enjoy the new feature of Klever Exchange.

Klever Keeps Building!

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Nigeria is a country with over 60% of the total population being youths with a majority having a mindset to attain their full potential.

Consequently, this has opened up the entrepreneurial dimension of the people in the various sectors of the economy from health, sports, entertainment, business, education, social events and lifestyle.

What is the perception of non-crypto enthusiasts?Africa as a continent has had its fair share of FUD being propagated around the continent with their government machinery implementing policies to stifle the spread of knowledge amongst its people and perpetually holding the people in financial bondage.

This has proven to be impossible as the blockchain and cryptocurrencies in particular has demonstrated a similarity with the use of the internet as these are not controlled by any government because it is an open-source algorithm which is decentralized in nature.

However, the government and the instrumentality of the financial institutions are resilient to limit and keep the people of Nigeria in chains of financial freedom.

This is evident from the several circulars by the Apex banking institution (central bank) directive on the use and trading of cryptocurrencies through the commercial banks in the past.

It became obvious that this did not dampen the zeal of the youths and other small businesses as they sought out alternatives for the funding of crypto purchases and sales transactions with the use of P2P features which is the original purpose for what crypto currencies were created.

This eventually led to a massive increase in P2P transactions, thereby making Nigeria one of the highest traders of bitcoin at that point in time.

There is a very high level of awareness being propagated by tech hubs and other crypto meetings held on a regular basis to educate the masses on the need to start understanding and using the crypto currencies to their advantage.

This obviously has led to a continuous rise in the awareness of blockchain and cryptocurrency in the entire length and breadth of the nation Nigeria.

The same consciousness has also led the people to have started to hedge their funds in crypto currencies as a result of the devaluation of the country’s fiat currency the naira against the US dollar.

This is a result of poor economic policies which have affected the naira and has led to a continuous fall of the value.

Klever is making waves in Nigeria.There are several blockchain and cryptocurrency companies making great strides to ensure the advocacy of the blockchain technology and associated cryptocurrencies have more penetration into the Nigerian market.

The Klever team is not an exception as the love for the nation has grown enormously with Nigeria having the 3rd largest user base of the Klever wallet and active participation.

This has translated to a massive followership of the Klever project on all their social media platforms.

The Klever wallet has been ascribed by Nigerians as the best thing to ever happen to them in the crypto space, as it brought about the opportunity for millions of Nigerians to come in contact with crypto currencies for the first time in their lives.

These include the educational content and information that is being shared on the various social media platforms by passionate young and talented Nigerians especially to those who are less fortunate to have the knowledge of crypto beforehand.

Klever’s intentional sponsorship.

Klever is a keen supporter of young entrepreneurs and in a recent event held in one of the Niger Delta states, we created some awareness on the need for crypto inclusion in how businesses can be managed with the use of crypto wallets like the Klever Wallet.

We are only in the process of expanding the same activities all over the country and creating as much educational awareness to the people as possible in a Klever way.

We look forward to how this will impact the economy and life of the people in the coming days.

The Klever team is also willing to educate the people of Nigeria more through our various social media platforms with educational materials for a rapid transformation of the people and their businesses by the use of the Klever wallet from the comfort of their mobile devices.

There are numerous educational materials uploaded on our YouTube channel for everyone to take advantage of to improve their knowledge of the crypto space and the entire Klever ecosystem.

It is indeed a Klever thing to do.

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KleverChain presents itself as an accessible and easy-to-use public blockchain to build web3 solutions for your project.

With KleverChain support, you can develop inside your project your own token, your own NFT, your own Marketplace and so much more.

All of this is possible through the Klever KApps (pre-built applications upon which developers can create their own projects).

All of that sounds awesome in theory, but how about practice?

Well, let’s check it out – today, we’ll talk about creating your own NFT and/or Marketplace with the KleverChain.

Why build an NFT project?It’s been a buzz since people started to get the notion of the power of non-fungible tokens.

As we all know, more than a jpeg or a gif (or anything digital format, really), NFTs can take anything that a creator puts his/her efforts and creativity into and transform it to something unique and exclusive, where the money goes directly to them, without having to rely on third parties.

Moreover, NFTs are making a whole new world of digital consumption, where NFTs also can mean utility, from the participation inside a web3 project to a cool asset inside a play-to-earn game experience.

It might have started with unknown projects and creators, but now NFTs are the new hype even between great entertainment moguls.

To name a few, we can mention the most recent Warner Brothers’ moves with the Lord of the Rings NFTs and the promise for Game of Thrones’ as well; Visa creating partnerships to develop World Cup NFTs; and many more projects that are being announced almost daily on the internet.

To sum up, NFTs can help you by helping you to develop a community around your project or just offer you fairer trades for your creative work.

Regardless of what use you will give to it, you should definitely consider creating NFTs if you want your ideas to be inserted, directly or indirectly, into the web3 world.

How to create an NFT in KleverChain? First of all, it’ll depend on your level of technical knowledge.

If you are a developer or a creator with a little more knowledge of programming, we’ll have just the docs for you to dig in – nice and easy.

However, we are going to focus on our everyday end user that might feel that creating NFTs is something beyond their reach.

Well, it’s not. Let us show you how:

1. For the end user

First and foremost, in order to make all the processes easier and with a smoother flow, the Klever Explorer is necessary for you to build with the KleverChain.

Let’s take a look at the step-by-step guide:

Step 1: Klever Explorer and Klever Extension

Create an account with Klever Wallet, then connect it with Klever Explorer.

The image above is for illustration purposes only

The image above is for illustration purposes only

Step 2: Connect and Create

Once your wallet is connected, click on the option on your top right corner ‘Create Transaction’.

The image above is for illustration purposes only

The image above is for illustration purposes only

Step 3: It’s time to bake!

Create your Asset. Select the one you want by clicking on it.

Then, fill the form with information about your NFT such as:

• Name;
• Owner Address – the wallet address of the asset ‘s “owner”. It can be a wallet of one single person, but, usually for bigger projects where the decisions are taken in a group, a sharing wallet is utilized;
• Ticker – it’s the abbreviation of the name ‘token’. It’ll be used as an identifier most of the times (followed by an unique number);
• Max Supply – the maximum supply you wish for your NFT;
• Logo

The image above is for illustration purposes only

Step 4: URLs

At the URLs section, you can upload important documents such as Whitepaper and other info’s about the project.

Step 5: Royalties

Right below the URLs, you have the Royalties section.

Fill up:

• Address: the address that is going to receive the royalties;
• Market Percentage: selling price percentage that will be used as fee;
• Market Fixed: fixed fee on the selling transactions in the Marketplace (e.g: 10 KLV per transaction);
• Transfer Fixed: fixed fee on transfer transactions of the collection NFTs.

The image above is for illustration purposes only

Step 6: Roles

The defined addresses of the roles can have two types of permission in the collection:

Set ITO Prices: Permission to alter the ITO prices. For instance, an address controlled by a bot to implement the oracle system in the ITO of a token (e.g: track the TOKEN/USD variation and update the price based on that);

Mint: The address has permission to mint new NFTs directly. In this case, the owner can use an assistant account to mint NFTs for any purpose, such as giveaways, rewards, etc. The use case for this is broader and it can be used to the creator’s creativity.

The image above is for illustration purposes only

Step 7: Define other Properties such as:

• Freeze – enable/disable staking
• Pause – enable/disable owner’s permission to pause the collection’s transfers
• Burn – enable/disable owner’s permission to burn tokens of the circulating pool
• Add roles – enable/disable owner’s permission to add assistants accounts (for minting and alteration of ITO’s prices)
• Wipe – enable/disable owner’s permission to burn tokens of a suspicious account
• Mint – enable/disable owner’s (and assistants’ accounts) permission to mint more tokens than the ones already created with the collection
• Change Owner – enable/disable owner’s permission to change the owner’s address

The image above is for illustration purposes only

Step 8: Let there be NFT!

Click on ‘Create Transaction’ and then it’s done! You’ve created your NFT!

The image above is for illustration purposes only

2. For Devs

Developers can utilize KleverChain’s Software Development Kit (SDK) in order to build their NFTs.

The useful links are:

GO SDK:

Repo

Javascript SDK:

NPM

Doc

3. For enthusiastsHowever, if you are not a developer but has some knowledge of programming, we recommend the Operator:

Doc root

How to send

CLI Operations

Why build an NFT Marketplace?An NFT Marketplace is another interesting tendency of the new web3 market.

If you have a project that aims to provide cool options of NFT purchasing for your customers, building an NFT Marketplace can be a good idea.

This is the place where NFT enthusiasts meet to buy and sell in a secondary moment after the mint.

And with the success of the NFT market worldwide, more people are looking for NFT Marketplaces where they feel their transactions will be safe and without abusive or over-the-top fees that can actually discourage anyone who wishes to enter this segment.

How to create an NFT Marketplace in KleverChain? The essence of creating an NFT Marketplace in KleverChain is pretty much the same as creating an NFT.

However, let’s recapitulate the beginning:

Step 1: Klever Explorer and Klever Extension

Create an account with Klever Explorer and then Connect Your Wallet with it through the Klever Extension.

The image above is for illustration purposes only

The image above is for illustration purposes only

Step 2: Connect and Create

Once your wallet is connected, click on the option on your top right corner ‘Create Transaction’ and then choose the format of contract you wish to create – in this case, a Marketplace.

The image above is for illustration purposes only

The image above is for illustration purposes only

Step 3: Create your NFT Marketplace

Define the Name of your NFT Marketplace, its Referral Address (address that is going to receive the fees) and the Referral Percentage (percentage of incident fees on transactions in that marketplace).

The image above is for illustration purposes only

Creating orders in KleverChain

Once you have your NFT and/or Marketplace already done, you can also create orders inside the KleverChain easily.

Just create another transaction (similar as both guides above) and then define the required information for the sell:

• If is Auction mode or an Instant Sell;
• The Asset ID;
• The Marketplace ID;
• The Currency ID;
• The Price you wish to sell it for;
• The Reserve Price;
• The End time of the selling.

You can also check Advanced Options for more possibilities to sell.

The image above is for illustration purposes only

There you go! Now enjoy the easiness and accessibility of the KleverChain and its KApps to build your web3 dream project.

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You might have heard this expression before – and it’s definitely a new one if you just got into the investment and/or web3 world.

According to Investopedia, a whitepaper is “an informational document issued by a company or not-for-profit organization to promote or highlight the features of a solution, product, or service that it offers or plans to offer”.

Or, as I like to call it: the “book of the game”.

Of course, it can have only a few pages – and some projects should listen to this – but for the sake of the comparison, try to look at a whitepaper as a board game’s manual where you can see all the components and items that the game has; what you can and cannot do within the game; and the information on how it works.

However, you can add one or two more things into this “manual” as whitepapers contain more relevant information such as the team members, the purpose of the company/project and other topics.

Why have a Whitepaper? Whitepapers exist to explain what the subject is, what it wants, what is going to happen, who is involved in it and what’s featured inside of it.

Let’s try to think like this: imagine you just hit the lottery and won 10 million dollars.

Image: giphy

After crying, almost fainting, paying all your debts and buying the stuff you wanted, you wish to invest in a project so you can make more money out of the remaining sum.

Then three of your friends come and tell you that they want you to invest in their next big idea.

However, you don’t want to jump in without knowing exactly what they are thinking so you ask them to present their ideas to you but in a way more explanatory than a commercial pitch.

After all, we are talking about 10 million, not 10 dollars – and you just won it, you don’t want to go broke again, right?

So, each one of them presents to you a document: the first one has the name of the project, the general idea, and the money he wishes you to invest.

The second one presents a document with just a little information about the project’s idea and the amount of money he wishes you to invest.

But the third one came prepared – he gave you a document with a structure divided into topics such as: the project’s idea, the current state of the market and why it needs something like his project, how the project works, how the money invested is going to be distributed inside the project; the people involved in the project and their backgrounds; the next steps the company will take and the dates it will achieve its goals.

Well, this could easily be turned into a whitepaper.

Satoshi’s whitepaper One of the most famous whitepapers in the crypto world is Satoshi Nakamoto’s “Bitcoin: A Peer-to-Peer Electronic Cash System”.

In a very academic-style whitepaper, Nakamoto explains not only what Bitcoin was but how the peer-to-peer system (blockchain) functions.

Divided into 12 topics, Nakamoto dissected:

1. Introduction

2. Transactions

3. Timestamp Server

4. Proof-of-Work

5. Network

6. Incentive

7. Reclaiming Disk Space

8. Simplified Payment Verification

9. Combining and Splitting Value

10. Privacy

11. Calculations

12. Conclusion

This whitepaper is considered the first milestone in the crypto universe especially because it was used as reference for many other projects that would come with time in the future.

The goal for Satoshi in this whitepaper was to explain how his/hers/their theory (since we don’t know the real identity of the person/people involved in it) worked and to spread that idea across the web. With this document, he/she/they did it.

How can I build a whitepaper? Personally, I don’t think it is a one-man job.

A whitepaper requires a lot of information both from technical and operational sides. This would involve different segments of the same business and to master each and every one of them is, at least, bold.

Of course, the general idea can be developed by one person, but the market research, the financial part, the marketing part, the administration part, and the technical part can be developed and written by the team.

Main topics of a whitepaperLet’s go back to the example where you just won 10 million dollars from the lottery.

Put yourself in the shoes of any stakeholder whatsoever (investor, consumer, etc). What do you want the project to explain to you?

1. Explain what your project is

Tell the reader what is your project; what it aims to achieve; the general idea of it and why you thought about this.

2. Talk about the business

What is going on in the market segment that you wish to be a part of?

Research a little bit more about the business with some interesting numbers and cool data

3. How are you going to do it?

Now that the reader understands the business and the market a little bit more, tell them what your idea is; how it was built; the main goals and problems it aims to solve.

4. Let’s get technical

Talk about the solutions you are bringing to the table. This is the time to categorize your features and explain how they work in a (not too) technical way.

5. Who is involved in it?

Tell the reader who is involved in this project and their respective backgrounds.

People feel more comfortable with projects that have faces to them – and even more with experience to do what is being offered. It’s also cool to give social media links and email addresses.

6. Roadmap

Whitepapers usually finish with a roadmap.

The roadmap is the path the company will take for the next month’s and/or years. Tell them what you want to do and when you want to do it.

Get inspired

Other Web3 projects also use whitepaper and might inspire you for your projects.

Financial: Klever Exchange

Gaming: Devikins

Blockchain: KleverChain

In a very structured and user-friendly way, the company summarized its ideas, goals and ‘how tos’ in a 92-pages document with incredible artwork and objective information.

Click here to read and get inspired.

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Let’s learn more about APY & APR

What is APY?The Annual Percentage Yield, or APY, is a metric for calculating the annual return on an interest-bearing account. The rate of return on an investment in cryptocurrency is known as the APY.

As APR only includes ordinary interest while calculating interest, APY includes compound interest for calculating return that is why APY is more lucrative than the APR.

Formula: APY = (1 + Nominal Interest Rate/No. of compounding period per year)ˆNumber of periods – 1

What is APR?When lending their cryptocurrency or making it accessible for loans, investors can expect to earn an interest rate in the form of a percentage known as the annual percentage rate (APR). It takes into account additional fees that a borrower must pay but excludes compound interest.

Formula: APR = (interest rate per compounding period X number of periods in a year)

Let me explain this with an example

For example, if a user puts $10,000 into an account with a 2% annual percentage yield (APY), the user will receive $200 in interest after a year.

Due to the fact that APR does not account for compound interest, if a user made an investment with an APR of 2%, the user would only receive $160.67 in interest.

Difference between APR & APYWhen calculating & comparing returns for APR and APY, compounding is the only difference. APY will always result in a bigger overall sum, all other factors being equal (i.e., original investment, interest rate mentioned, and time duration of investing).

In real terms, it means that users must use APR while borrowing money and invest in APY rates to increase their overall earnings.

APY is better than APR for crypto users earning higher returns in return for providing liquidity on crypto exchanges.

Which one is better

In general, annual percentage yield (APY) is a better indicator of the interest earned on a cryptocurrency investment over a year.

APR can still be helpful in some circumstances, though. APR can be used, for instance, to compare the interest rates of various investments.

It’s crucial to examine APY rates on various loan services if you want to earn interest on your cryptocurrency. Finding the platform that delivers the most return on your investment will be made easier thanks to this.

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It’s not another jpeg – it’s value in your hands.

By now, anyone who already had access to information about non-fungible tokens understands this previous concept.

However, NFTs have different values and prices, indeed. Some specific characteristics can make an asset more valuable than others.

Even so, how do we calculate that?

Of course, there are unexpected and subjective aspects that only time can explain – some NFTs become extremely rare and successful because external facts made this possible (some celebrity purchased or promoted it; the community grew and led the collection to higher peaks and etc.).

But there are also objective and more straightforward specifications established and parameters made by the projects’ creators and calculated by platforms’ tools.

At KleverNFT platform, it is possible to check aspects of rarity with what we call Rarity Score.

What is a Rarity Score?Rarity Score is a tool created to help collectors and traders to know how rare the NFT is.

Searching across many collections and NFTs and having a tool like this makes it easier when choosing an NFT to purchase or bid on.

It’s also a great tool to help you understand the metadata and the value that the item brings.

How do Rarity Scores are calculated?The score is defined by an algorithm that calculates all the traits. Through an algorithm created by the KleverNFT team, the rarest the NFT is, the higher is the score.

This is how the algorithm works:

1- First, KleverNFT calculates the % that each trait shows up compared with the total NFT percent.

2- To display the API, they multiply the percentage amount by 100 so it can stay between 0 and 100%;

3- In order to calculate the trait score, they do (1 / percent) * 100.

4- Then, the total NFT percentage is calculated as an average of traits’ percentages.

5- Finally, the result is calculated by the total score of the NFT as a sum of traits’ scores.

In other words, the total score would be the sum of the traits’ scores which are calculated as:

(1 / trait_occurence_percet) * 100

How are the Rarity Scores displayed? We have an example of a Rarity Score of a Billionaire Crypto Whale below.

You can see that the percentages of people who have the same traits is shown in each box that describes the characteristics of the NFT.

For example, in this case, it’s possible to see that this particular NFT has a purple body. It shows that 15.9% of the people who already purchased other Billionaire Crypto Whales might have the same trait in their NFTs.

As for the yellow shirt, it is even rarer because only 0.7% of the other items of the collection have the same trait.

The other traits such as type of hat, format of eyes and mouth and even background of the image has its rarity calculated by the system.

The percentage of the rewards are also displayed in the Rarity Score boxes.

Of course, traits and their percentages may vary according to the collections.

Below, we can see a different example with the Humbled Cats collection.

Even though percentages change and characteristics too, the purpose continues to be the same and the way it is calculated also remains the same.

For Felipe Rieger, head of KleverNFT, Rarity Scores define the exact core meaning of having an NFT of a collection.

“The idea of purchasing NFTs on collections is connected with rarity and exclusivity. Once you get inside those collections, you can search for the rarest one and start building your own. Rarity means value, and collectible NFTs are totally connected with that”.

And spoiler alert! KleverNFT also has new features planned for the next few months, alongside a link to learn more about them in an exclusive whitepaper the team is building.

Ultimately, Rarity Scores can help you to identify the strongest traits of your NFT, which can be very useful when it comes to selling it in the secondary market – or even to decide which gem you will keep for yourself as long as you want to.

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In the crypto world there are many terms users’ needs to know. These terms are known as industry jargon and are used frequently which not only help the users but give them confidence to become part of the industry, as they are aware of the developments happening in the industry.

Let’s see which are some of the popular terms.

KYC: Know your clients or Know your customers (KYC) is very popular, as now all the centralized crypto exchanges use this service to know their users. Without this, no centralized crypto exchange can do business with banking integration.

KYC also helps crypto exchanges to make their exchanges clean from any illegal activities.

2FA: Known as Two-Factor Authentication (2FA) is a security service that is especially useful to users to secure their account from any possible hacks. As 2FA is an application which can only be activated on users’ mobile phones, breaching any users’ crypto account without this is not possible.

The only thing is that the user needs to activate this service.

Many crypto exchanges don’t even allow any withdrawal of funds for their crypto exchange without activating 2FA service.

DYOR: Do Your Own Research (DYOR) is paramount for every user who wants to invest in any crypto project. Because investing in digital assets is very risky and due to its volatile nature, users who wish to invest must do proper research before investing their hard-earned money.

HODL: Also known as holding crypto assets if the markets are red. Users must cautiously hold their assets for the long term to get good returns. As the crypto market is in a very nascent stage of development, holding crypto assets for long can help users make their fortune.

FOMO: Fear Of Missing Out (FOMO) is the anxiety associated with not being informed or missing out on information, occasions, adventures, or choices that could improve one’s life.

This term is quite common in the crypto industry, as users can feel they missed a project for not investing in early, so they make a mistake and invest in it without doing proper research. So, when you come across any new project, never rush to invest in it.

FUD: It is very common in the crypto sector. It is used to instill fear, uncertainty, and doubt in the minds of potential crypto users. FUD is typically a tactic to sway opinion by spreading unfavorable, suspect, or incorrect information, and it’s a manifestation of the appeal to fear about a crypto project to cause it harm.

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When entering the Web3 world there’s a lot to take in.

That’s why important documents and links can help you navigate those new waters in a smoother and more immersive way.

Moreover, when it comes to a brand-new product or service on the web, it becomes even more important to have a deeper understanding of what is new; what’s been done; who is involved in it; how it changes your web3 experience and any more information.

And even though some questions keep popping up, you can always count on the community to share your doubts, answer someone else’s questions, and interact in any way you can.

KleverChain’s important links

As the new and revolutionary blockchain of Klever reaches new heights, it seems fundamental to save some important links to always have at your disposal in case you need them.

1. KleverChain Slack

The brand new KleverChain Slack was made for those who love to engage and learn more about the blockchain’s workings.

If you are looking for deeper thoughts on how Klever’s blockchain operates, discuss it with other developers and members of the support team, this is the place.

And if you still have any second thoughts about Klever’s openness and transparency, you must join this Slack – divided into channels such as ‘extension developers’, ‘blockchain-developers’ and a random channel, you can ask anything, and the answer will pop up in a matter of minutes (hours tops) by a Klever team member or a Klever fan.

KleverChain’s Slack unites developers, enthusiasts and Klever team members (img: unsplash)

2. KleverChain Whitepaper

This one is necessary for everybody.

As some of you may know (and others are learning), the Whitepaper contains the essence of a project.

KleverChain’s Whitepaper cover

In KleverChain’s Whitepaper in specific, you can find:

• – Who is Klever?
• – Why build our own blockchain?
• – Developer Tools
• – Kapps Roadmap
• – Benefits of building on KleverChain
• – KleverChain Technology
• – Block Producers
• – Transaction Fees & Kapp Fee Table
• – Fees Explanation
• – Klever Blockchain Roadmap
• – Klever Coin (KLV)
• – Klever Finance Token (KFI)
• – How to protect our network?

And more.

3. KleverChain Blog

When in Web3, you must keep updated. To follow what’s new inside not only the ecosystem itself but the whole Web3 market can be what leads you to an expert status.

The KleverChain has its own blog posts that can help understand a bit more about the blockchain and its updates too.

Here are some of the topics shared recently in KleverChain’s blog:

4. Documentation for Devs

Hey, dev! Everything you need to know regarding documentation for your project built on top of KleverChain is here.

5. KleverOS Software Development Kit (SDK)

TheKleverOS SDK brings an uncomplicated design, where mobile and web developers do not require a deep understanding of crypto and blockchain.

KleverChain SDK page

With such low code integration previously unheard of in the blockchain space, developers and builders will be able to offer decentralized financial products and services with extreme ease.

6. KApp Demo

Klever Apps (Kapps) are on-chain applications developed by Klever Finance together with and for the Klever developers’ community.

Utilizing ready-built Kapps for all developers to use results in blockchain applications that are safer by design since they are native into the blockchain as well as easy to use for the developers – the process will just be a function call, not a complex and often vulnerable smart contract.

Github page for Klever KApps demo

This demo application is a way to help users get started with the blockchain Kapps flows.

It is also meant as a reference open repository for developers to get started with the usage of the Kleverchain SDK.

Demo link: https://kapps-demo-testnet.web.app/

Github link: https://github.com/klever-io/kapps-demo-public#kapps-demo-application

7. API

You can also test KleverChain’s API. With our powerful Klever API, developers can build and manage their own blockchain and crypto applications without incurring deep wallet development and integration costs.

Klever’s API

KleverChain is the key to unlock your Web3 aspirations

Easy to use, no need for expertise in blockchain and extremely safe to implement; that’s the KleverChain motto.

The Klever company continues to build and to listen to its users to make the perfect ecosystem for anyone who wants to build a web3 project.

By increasing the reach of users, we aim to be a place where everyone interested in web3 can feel empowered to do whatever they want to in this brand-new decentralized world.

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With a view to give back all the love, trust, and confidence to its community, Klever has been tirelessly working to offer its services to all our users based globally.

Started as a Tron Wallet in 2018, Klever has come a long way, due to its robust community that is always communicating with the team and helping Klever improve the ecosystem.

Now, Klever has built its own ecosystem that includes wallets, exchange, hardware wallet, custody, NFTs, extension, OS and KleverChain.

This is not the end; Klever is currently building more innovative products, which will also be released in the coming years.

This growth can only be possible because of the vibrant community Klever has and the trust the community has given to the team.

To empower the community, Klever has built its own blockchain, KleverChain.

Community’s empowerment through the KleverChainKleverChain offers excellent performance, cost-efficiency, and a consensus-focused governance cycle using permissionless network infrastructure and active community governance.

Anyone is free to join KleverChain as a validator, developer, creator, or user due to its permissionless and its community governance makes sure that bad actors can be demoted or removed through recommendations made and approved by the community.

If a user wants to build their own token, which is called Klever Digital Assets (KDA), they can easily do so by building it on KleverChain.

For building one, users don’t need any software & technical skills, as KleverChain has already embedded all token creation features in its chain.

DeFi projects, stablecoins, stock derivatives, notary documents, game assets, inventory control, supply chain management, staking, rewards, logistical records, loyalty programmes, collectibles, NFT gift cards, stored value, digital ownership, and many other use cases for which tokens can be created on KleverChain.

Security algorithmIn addition, KleverChain maintains a control layer on top of the open governance structure to guarantee the integrity, expertise, and professionalism of the network’s validators.

This is a crucial component to safeguard users from fraud, scams, and unreliable blocks that many other smart contract blockchain systems now struggle with.

Additionally, KleverChain uses a modified version of the Practical Byzantine Fault Tolerance (PBFT) method, requiring at least 70% of the validators to concur with the data and information provided to the blockchain before a block is generated.

Pre-Prepare, Prepare, and Commit are the three phases of the PBFT algorithm on the Klever Blockchain.

They work together to make up Klever’s PBFT consensus algorithm’s core.

The blockchain can rely on just one block to come to a definitive consensus because of KleverChain’s use of the personalized PBFT.

This method favors KleverChain in terms of speed for the thorough validation of blocks created.

In essence, a masternode is a full node on the network that is rewarded and given incentives to run and carry out tasks on the blockchain.

Masternodes earn block confirmation rewards when transactions are confirmed by its blockchain node

A Masternode owner can participate in the KLV staking pool and compete with other eligible Masternode candidates for a slot among the top 21 block producers since the Masternode status is acquired through KLV staking.

According to the previous hash, 21 Masternodes are initially selected at random to serve as the validators for that epoch.

However, this number can be altered by the community through consensus on a network proposal. More than twice in a row can be selected to use a Masternode as a validator.

KLV is the glue of Klever’s communityKlever Coin (KLV) is the utility coin of Klever’s blockchain.

On KleverChain, KLV is utilized for all transaction fees, validator staking, rewards, delegation, minting, and transfers.

A utility token gives our users credibility, agility, accountability, and independence. It improves ties to the community and makes it possible for innovative partnership agreements.

The KLV token is involved in every transaction made inside the portfolio of Klever ecosystem apps, whether directly or indirectly.

KLV serves as a flow between the clients and the portfolio’s goods and services. Since this is what connects users and expands the ecosystem, Klever is working hard to strengthen this bond.

Even though KLV has only been around for two years, it has experienced exponential growth, already having over 200,000 accounts among its owners across four different blockchain protocols, and processing more than 18.3 million blockchain transactions.

With a motto to listen to every user’s feedback, Klever has been relentlessly working hard and has grown from just a few team members to now over 200 plus strong Klever ninjas serving the growing community with more dedication, grit, and resources.

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This has been evident in the rate at which projects in the blockchain technology space rise to prominence because of the collaboration.

What is Moonriver?Moonriver is a community led Parachain on the Kusama network. Moonriver is also a companion network to Moonbeam and provides a permanently incentivized canary network where new code would ship seamlessly to Moonriver first, where it can be tested and verified under real economic conditions.

Subsequently, once it is proven, the same code would eventually ship to Moonbeam on Polkadot for its potential use.

Some benefits of using Moonriver Early access for experimentation: The platform creates access and uses the latest builds of Moonbeam in a live, incentivized CanaryNet environment that is connected to the Kusama MainNet. This thereby gives the users the opportunity to simulate the feasibility of the test. * Community driven platform: The platform is community driven and as such the community members will own a majority of the MOVR tokens on the network, giving them considerable control over the direction of the network. * Independent Network: It is observed that while Moonbeam code launches to Moonriver first, the network will continue to be live on as a parachain on Kusama*, with its own projects and specialized use cases. This tends to give the network some level of independence and enables the users to test the efficacy of the network.

Moonriver is fully compatible with the Ethernet network, and this goes a long way to ensure an easy implementation of the cross-chain branching of the network on other similar protocols.

This is done simply by mirroring Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more.

Moonriver therefore minimizes the changes required to run existing solidity smart contracts on the network. Such that Ethereum projects can replicate their DApp and deploy it to Moonbeam using Hardhat, Truffle, Remix, and other popular deployment tools.

What is MOVR Token?Just like every project in the blockchain and cryptocurrency space, the utility token of the Moonriver network is called the MOVR token.

Moonriver provides a lot of utility as a decentralized smart contract platform, it therefore requires the MOVR token to execute all its functions and transactions efficiently.

Some of the uses of the MOVR token on Moonriver include but not limited to the following:

• Supporting the gas metering of smart contract execution within the ecosystem
• The token is used to incentivize collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run
• It is also used to facilitate the on-chain governance mechanism including proposing referenda, electing council members, voting, etc
• Paying for transaction fees on the network

Klever + Moonriver collaboration The Klever team ensures that it builds a viable and collaborative community that always has and will remain the fulcrum for the growth of the network and to a larger extent the ecosystem required, to help us deliver the look and feel of our products.

These collaborations serve as the required inputs to help navigate the direction that our developers would take to deliver the desired products. The partnership of Klever and the Moonriver team has indeed grown to a reputable proportion, and we hope to impact the entire blockchain ecosystem soon.

The Moonriver token (MOVR) integrations in the Klever Wallet (K4) makes it easier for users to carry out the following transactions:

1. Send: Users can send MOVR tokens from one wallet to another seamlessly from the Klever Wallet.
2. Receive: Klever Wallet can be used to receive MOVR tokens from users all over the world thereby making the transaction faster and safer into the custody of the users’ wallet.
3. Charge: Users can also utilize the Klever Wallet to charge customers for making payment for items and transactions for small businesses in a swift and secure manner.

All these options make the Klever wallet an outstanding tool for the implementation of quick and reliable transactions which can be done in real time for the growth of the financial sector.

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With the purpose of enhancing financial freedom, Klever has always been working to offer users options that help them earn passive income for holding their crypto assets in a wallet. You might have heard about earning from staking on crypto exchanges but earning in wallets is not very common.

What is staking?Staking is the process of locking up your cryptocurrency assets for a predetermined amount of time to maintain a blockchain’s operation. You gain extra crypto by staking your existing cryptocurrency. A Proof of Stake consensus mechanism is used by numerous blockchains.

Proof-of-stake (POS) validates block transactions based on the number of coins staked.

Staking enables a blockchain to contain only valid data and transactions. Participants offer to stake large amounts of cryptocurrency as an insurance policy in exchange for the chance to validate fresh transactions.

Staking in Klever Wallet, K5A K5 wallet is the easiest way to stake KFI and KLV.

1. Open your K5 wallet and enter your security code. On the home page click “Staking”

2. After clicking on the Staking tab, click on KLV, select KLV (mainnet) main account.

3. Once you select the account, click on Staking and enter the amount of KLV you want to stake.
4. Click next and freeze your KLV. Always make sure you choose more than one bucket to stake your KLV, so that you can stake on different validators. So, in case, if you need to withdraw some KLV for any reason, you just need to unstake from one validator. By doing this, the KLV staked on other validators will keep earning you rewards.

You can earn from regular Staking; however, if you want to earn more, you can Delegate to a Validator. Once you select a Validator fasten your seat belt to earn rewards from staking.

The KLV staking reward, as of now, is 15 KLV per block distributed to all KLV holders at the end of the epoch (proportional to the staked size).

You can earn KFI staking rewards in the same manor. The KFI rewards are only the accumulated Kapp fees of that epoch, distributed to all holders at the end of the epoch (also proportional to the staked size).

The consensus is made of 21 validators chosen randomly and the rotation is 4 validators per epoch. Users have options to earn from staking: the K4 wallet.

Staking crypto in Klever Wallet, K4 Since K5 is in its Beta version, users can get more options on K4 for staking other crypto assets.

With over seven tokens to select for staking, users can earn more crypto like Tron (TRX), Kusama (KSM), Internet Computer (ICP), Huobi Token (HT), Reef (REEF), Polkadot (DOT), Polygon (MATIC) and Devikins (DVK).

To stake your crypto, let’s take an example on how to stake TRX on K4.

1. Open your K4 wallet; enter your security code.
2. You will now come to the portfolio page. Scroll down, select TRX.
3. Click on TRX, select the staking tab, you will now enter your TRX account page.
4. Click on Staking, select TRX token and click on Confirm.

Your TRX is staked and now you can earn more TRX. Follow the same process to stake DVK on K4.

However, to stake Reef, KSM, DOT, you need to first bond the tokens and then stake it.

For instance, to take ICP on K4, you need to create a Neuron.

As for staking~~,~~ T token, you need to select a validator once you select a validator, your HT token has been staked and you will now earn more HT.

In conclusion, the more you stake and hold your staking, the more you earn and increase your crypto assets.

Staking is a very novel way on how you diversify your assets and keep on earning~~,~~ while you are away, your crypto assets work for you 24X7.

It also brings confidence to users that the project they have invested in does provide stability and brings financial strength to your portfolio.

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Holding stablecoin like USDT provides you freedom from volatility on crypto markets.

How to trade with USDT Login to your account * Click on Trade* * Type USDT in the search bar on the top left side of the Klever Exchange page. * Select any one of the 20 pairs available to you.

Place Buy or Sell USDT ordersThe order will be executed once the price you have set matches with the Buy or Sell order.

There are 20 pairs available on Klever Exchange from which you can trade for USDT.

• BTC/USDT: https://klever.io/en/trade/BTC-USDT
• ETH/USDT: https://klever.io/en/trade/ETH-BTC
• MKR/USDT: https://klever.io/en/trade/MKR-USDT
• BNB/USDT: https://klever.io/en/trade/BNB-USDT
• BCH/USDT: https://klever.io/en/trade/BCH-USDT
• LTC/USDT: https://klever.io/en/trade/LTC-USDT
• LINK/USDT: https://klever.io/en/trade/LINK-USDT
• UNI/USDT: https://klever.io/en/trade/UNI-USDT
• APE/USDT: https://klever.io/en/trade/APE-USDT
• KFI/USDT: https://klever.io/en/trade/KFI-USDT
• MATIC/USDT: https://klever.io/en/trade/MATIC-USDT
• SAND/USDT: https://klever.io/en/trade/SAND-USDT
• CHZ/USDT: https://klever.io/en/trade/CHZ-USDT
• DOGE/USDT: https://klever.io/en/trade/DOGE-USDT
• TRX/USDT: https://klever.io/en/trade/TRX-USDT
• KLV/USDT: https://klever.io/en/trade/KLV-USDT
• DVK/USDT: https://klever.io/en/trade/DVK-USDT
• ENJ/USDT: https://klever.io/en/trade/ENJ-USDT
• IGG/USDT: https://klever.io/en/trade/IGG-USDT
• MANA/USDT: https://klever.io/en/trade/MANA-USDT

Checking your USDT orders* Click on the Order tab before holding the tab. * All orders can be viewed on one single page. * You can check open order and order that were executed before.

Check your USDT holdings* Once your order is executed, you can check your holdings.

• Click on the Holding tab placed on the top right side of the exchange page.
• You will now see all you’re holding in one page.

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Ethereum (ETH) became the second most popular cryptocurrency after Bitcoin (BTC), it had many issues that were plaguing the network like transaction speed, higher transaction fees, and others. Therefore Polygon (MATIC) came into existence and solved this problem to a large extent, as it was built on top of ETH platform providing layer 2 solutions. […]

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Your major focus should be trading responsibly, whether you’re buying or selling cryptocurrencies. The secret to responsible trading is preparation. Making a trading plan before you start trading can make you accountable for your actions.  By making decisions when your mind is clear, you can stop emotions from affecting your trading. Along with those things, […]

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Klever rewards users in two distinct ways within Klever Wallet (K5). These can be either in staking of tokens or as a result of delegation of staked tokens to successful validator nodes within the network. When you stake your KLV tokens, you will earn staking rewards starting from the next epoch. You can also delegate […]

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What is the Swap feature? The aim behind the Swap is to make it simpler, faster and more convenient for our users to exchange crypto currencies. By monitoring live price action on top-tier exchanges, our engine creates a price index that is used by the Swap.  When a user goes to the Swap screen on […]

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Paying in native tokens for trading on any centralized crypto exchange always has an advantage, but few exchanges allow users to pay in native tokens, but Klever Exchange offers this. Allowing users to pay in KLV, Klever Exchange has provided much-needed support to millions of users to save more on their trading.  Let us learn […]

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Step 1: Login to your account Step 2: Click on Withdraw tab second tab top right side of the homepage Step 3: Select a coin you want to withdraw Step 4: Suppose we want to withdraw Tether (USDT), select USDT for withdrawal. Select Tron network (Remember to select the network, as transactions cost differ on […]

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The Klever wallet OS SDK is a Wallet as a Service (WaaS) that provides any developer with military-grade encryption technologies, but the distinctive security feature is that the encryption takes place locally on the user’s device, in the Native Core. Klever’s Native Core can be thought of as a Black Box inside Klever OS, and […]

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As many crypto tokens can be purchased in small quantities, for example 0.0001, many a time it happens that you cannot use it, as you require a minimum quantity to make transactions. So, it lies idle in users’ exchange wallets with not much use. However, if a user wants to use the small balance, he/she […]

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Klever Finance has dedicated the past years to building blockchain solutions and crypto products for millions of users around the world. Over the years, Klever has built products and services on the world’s top blockchain networks and currently runs 100+ blockchain nodes on top of 20+ major blockchain protocols to ensure optimal uptime for our […]

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Today’s video below outlines the steps & security tips when creating a Klever K5 crypto wallet. Test drive the new Klever Wallet, K5 (beta)! Be part of the community that supports the development & growth of this powerful non-custodial wallet. Securely supporting the world’s major cryptocurrencies like BTC, ETH, TRX, KLV & more 🔥 Download […]

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We’ve put together an educational and informative series of Klever videos that will improve your knowledge of the Klever ecosystem. It is our goal to guide you, regardless of whether you are a beginner or advanced user, through all the aspects, products, services, and features of the Klever ecosystem! We will guide you through the […]

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Klever Wallet has made it more convenient for users to use bank cards to buy cryptocurrencies in a seamless way. Aside from Simplex, Klever has partnered with other global crypto market players such as Banxa , Mercuryo , Moonpay to facilitate global fiat crypto buying. The following steps can be followed in the K4 wallet […]

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Understanding the technology behind the Reef ecosystem places the user in a vantage point for seamless crypto transactions. Reef is one of the most promising blockchains that is fast, low cost, scalable, and dedicated to DeFi, NFTs & Gaming. Reef is built on top of the Polkadot Substrate protocol, as it provides decentralized finance (DeFi) […]

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Kusama is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot. Some call it a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot.  It’s a living platform built for change agents to take back control, spark innovation and disrupt the status quo in the crypto […]

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Trading for Ethereum (ETH) was not so easy, thanks to Klever Exchange for offering various pairs for which you can trade. How to Trade ETH Login to your account. Click on Trade. Type ETH in the search bar on the top left side of the Klever Exchange page.  Select any one of the 5 pairs […]

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Web3 utility is gaining momentum, and major proponents are calling for the actualization of these features for the benefit of all. There is no doubt that web3 offers numerous insights and opportunities, however, our perception of possibilities is always limited as we focus on our current successes and don’t see the future. The Klever NFT […]

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Be it languages or currencies, users will be able to access the exchange website as per their choice they like. Taking this forward, Klever Exchange users can easily choose the currency they want to use. Currently, users can select from US Dollar (USD), Brazilian Real (BRL) and Bitcoin (BTC). Klever Exchange will be very soon […]

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Communities make the #Web3 world go round.  They are responsible for mobilizing people with the same goals and tastes in one worldwide group that eventually will not only demonstrate their loyalty but also get rewards from it.  And, in the NFT world, communities show up to grow even more the projects they believe in.  But […]

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There are many blockchains to select from the list namely, Bitcoin (BTC), Klever (KLV), Ape Coin (APE), Binance Smart Chain (BNB), Polygon (MATIC), Polkadot (DOT), DogeCoin (DOGE), Tron (TRX), Devikins (DVK), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Chillz (CHZ), Uniswap (UNI), Shiba Inu (SHIB), IG Gold (IGG), ChainLink (LINK), Decentraland (MANA), The Sandbox (SAND), […]

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Reading technical charts for trading crypto is very important for any user.  The technical chart helps crypto traders & users to understand the market and on that basis a decision of Buy or Sell is initiated. Klever Exchange has become more robust after its integration with the TradingView API. It makes it possible for traders […]

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Security is a fundamental requirement for any technological application no matter how simple or complex it is. Most hackers or cybercriminals look out for ways to exploit projects and companies in every possible way they can.  This has created a lot of setbacks for small and medium companies who strive to ensure that they do […]

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Step 1: Login to your account Step 2: Click on NFT tab that can be seen on top left side Step 3: You will now land on the NFT (non-fungible token) page. Devikins is the first NFT project that has been listed on Klever Exchange. (Developed by MoonLabs Studios, Devikins is a turn-based RPG blockchain […]

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Polkadot (DOT) is an open source sharded multichain protocol built for everyone. It connects private and consortium chains, public and permissionless networks, oracles, and future technologies that are in the making. It has continued to transform with the developers churning out outstanding products which are built to last.  Hence, this is one of the reasons […]

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This has influenced how the community members interact with each other in a very special way.  KleverChain which is a Proof of Stake (PoS) consensus mechanism, has a lot of ways it rewards the community and investors.  In addition to the staking rewards associated with the KleverChain, there are also delegation rewards. What are delegation […]

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It is designed to shield you from financial loss if the market shifts too far against you. These can be buying or selling orders, but no trade happens until the targeted price is reached.  The stop-market order turns into a market order when the price is reached.  It is also known as a stop-market order, […]

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Klever Wallet is churning out ways of improving these reward systems to ultimately impact the lives of its community and investors.  One of the major ways of the reward system includes the staking feature in the Klever Wallet such that anyone with a mobile device anywhere in the world can earn passive income by staking […]

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It’s all fun and games until you need a strong community.  To have an awesome idea and to execute it into the striving and constantly rising Web3 is already a heavy duty.  But to do it without people, the very source of decentralization, it can be almost impossible.  So, if you want to make your […]

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Klever Wallet has made the purchases of cryptocurrencies a lot easier by eliminating most of the challenges associated with the purchase as compared to other cryptocurrency platforms and exchanges. This is done simply by using the Klever interface with our Fiat on ramp partners to execute the transactions in a Klever way. Klever has added […]

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Klever Exchange offers one of the best user experiences, where users don’t have to scroll the pages to get this information. With just a few steps, the user can get this information. Let me show it how Step 1: Log in to your account Step 2: Click on Orders, seen on the top right side […]

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The Klever Wallet offers several options for earning passive income, and we make sure our users are well informed about these. Anyone with a mobile device can simply access these opportunities by first creating a Klever Wallet and looking out for the staking opportunities within the wallet. What is an ICP token? Internet Computer Protocol […]

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Twitter Spaces with the Klever team is back! And it returned with the right foot as the community had the chance to hear from our KleverNFT team some incredible news and updates about the KleverNFT Marketplace. During this edition of Twitter Spaces, hosted by Misha Lederman, the company’s Head of Global Communications, and other members […]

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Market orders are the easiest way to BUY and SELL orders. You can purchase or sell a token at the best price by using a market order. When you submit a BUY market order, you wish to purchase a specific number of tokens from the exchange at the best price that is offered. Similar to […]

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We live in a very dynamic world, and today there are several blockchain and cryptocurrency opportunities with greater mass appeal bordering upon users of all ages. Those who didn’t participate in previous opportunities need not feel sad because we live in a very dynamic world. Among the obvious opportunities to engage are the play-to-earn (P2E) […]

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Limit order allows you to BUY/SELL tokens at your desired prices. Suppose if you want to ‘BUY’ BTC at $20,000 and the current market price of BTC is around $21,000, you use limit order to make the purchase. If the price falls to that level, your purchase will be executed. In the same way, if […]

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Most people travel just for the fun of it while others travel for assorted reasons including for business, emergencies, leisure, and pleasure. Individuals have the freedom of choice to travel around the world and have an enjoyable time.  One great project which has redefined the travel and tourism industry in the crypto world is Travala.com […]

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What is an API? An application programming interface (API) key is a code used to identify and authenticate an application or user. APIs communicate between two systems. In the world of cryptocurrencies, APIs enable users to access these exchanges, other businesses, and applications, such as cryptocurrency portfolio trackers, trading bots, tax software tools, and much […]

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This is indeed a challenge as most of the global population have a lower level of financially literate people who often fall for potential swindles and scammers online. In particular, older people who aren’t familiar with the crypto space and young adults who view crypto as a gambling game have lost a lot of money […]

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The advent of blockchain technology has completely transformed the way things are done, especially on a global scale.   Where the level of transparency is becoming the yardstick for measuring the quality of a company or product for users to utilize or invest in as the case may be. Several blockchain developers have continued to maintain […]

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Our team is excited to finally enable purchases in the brand new KleverNFT marketplace platform, and we know you’re excited too.  The KleverNFT marketplace platform is a well-executed project dedicated to making NFT purchases as fluid, user-friendly, and safe as possible. Therefore, some initial considerations should be remembered so you can make your purchase with […]

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Entering the web3 world can feel a bit like being a toddler, as you try to navigate and discover all the new possibilities. Every day, more words are added to your dictionary so that you can express yourself more accurately. Inside the NFT universe, to know what an INO is seems pretty fundamental. However, when […]

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The aim of KYC is to comply with anti-money laundering and counter-terrorist financing (AML/CFT). It helps crypto exchanges to know their clients and understand their financial transactions. KYC is a data-driven procedure that enables crypto exchanges to verify who their clients are; to determine whether a client is qualified to use their services; and to […]

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Imagine a trader putting 100 KLV and $10,000 worth of USDT, a stable coin into a liquidity pool. Most liquidity pools are always in a 50:50 ratio, whenever the trader initially starts the deposit.  So, we can assume that the price of one KLV is $100, so that makes a total of $20,000 worth of […]

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Klever has advanced the wallet experience by integrating wonder projects such as Unstoppable Domain web3 into the wallet. K5 wallet users have the option of creating their own domain using K5’s functionality. What is Unstoppable Domain? Unstoppable Domains is a decentralized web hosting service that can be used for so many services. It is developed […]

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Among the services offered by Klever, such as our Exchange, Wallet, NFTs, and swap functionality, progress has been achieved by the developers’ consistency and dedication. Why use Klever swap? Klever Swap currently offers direct swap for over 200 trading pairs, saving users both time and money by offering a convenient and fast way to convert […]

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Liquidity pools can address market liquidity by encouraging users to supply liquidity in exchange for a portion of trading commissions.  It allows trades to occur with little slippage even for the most illiquid trading pairings since they do not require sellers and buyers to match, which means they do not have to swap their two […]

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According to Top University in Brazil, the University of Fortaleza was born from a project designed by the industrialist Edson Queiroz, in the context of the Brazilian University Reform of 1968, which stimulated the expansion of private higher education in Brazil. The University was created as an Institution for the development of the Northeast region, […]

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Blockchain technology remains one of the most fascinating inventions in recent times, but it has also come with its impending challenges which vary from all levels of data breaches, security protocol hacks and brute force attacks. As much as the development of products on the blockchain is a continuous process, there are bad actors out […]

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As we all know, there are thousands of crypto projects that claim to solve societal problems. There are, however, some projects that are purely community projects, such as solving environmental problems, cleaning oceans, helping dogs and cats, or improving wild animals, etc. These projects set aside some percentage of the tokens for charity. They are […]

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Klever Exchange has completed a year, and we would like to celebrate with you all. Take part in the KLV/USDT trading competition and win up to $10,000 USDT. We are happy to announce that Klever Exchange, our crypto-to-crypto exchange platform, has entered an exciting new phase after launching one year ago in October 2021. Liquidity […]

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There is a cost to every action taken by any individual no matter how highly placed, educated, or careful you may think you are.  This has been proven several times as people never seem to comprehend how they sometimes fall victims of online data theft and scammers. In recent years, there has been an increased […]

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In addition to being easy to use, straightforward, and fast, Klever Swap also has a lot of options, allowing users to exchange coins from different blockchains (e.g. BTC to TRX or ETH) with high security, total privacy, and unmatched speed. With Klever Swap’s second version, the product is even faster, more powerful, and the user […]

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Web3 has now become a cultural and social phenomenon. NFT projects in music, art, education, sports, influencers, and other fields will be essential to web3’s widespread adoption. Utility and gaming NFTs that offer functional value and NFTs that return something of value, such as tokens or revenue, will dominate the next generation of NFTs in […]

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A crypto wallet is an application built on blockchain technology where anyone can hold, send & receive cryptocurrencies Cryptocurrencies are digital currencies created by mathematical algorithms to serve as a medium of exchange between users without the need for an intermediary, unlike the traditional bank system where the bank stands as an intermediary for all […]

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Every week, there are many new crypto projects launched, and they all have a team behind them. Developers, coders, designers, and other team members are necessary for creating a crypto project or building a blockchain on top of an existing one. Any blockchain network’s primary use is to create fungible and non-fungible tokens (NFTs). This […]

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By way of custody, large institutional investors can only be attracted to blockchain and cryptocurrencies when these bodies can be properly involved in the management and control of these large funds. Large institutional investors are apprehensive about threading into the direction of managing cryptocurrency portfolios because of blockchain technology’s fundamentals and its ability to remove […]

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Today, users are looking for NFT projects that can generate 1000X or more value.  How do you get one? That’s the million-dollar question.  To fully appreciate the value of the NFTs that gave 1000X or higher return, it must be understood that they were all sold for $100 each, only a few months after the […]

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Since the 18th century, a ledger has been a book of accounts that are kept in one location and is readily available when any transactions need to be recorded. This idea evolved through time into the ledgers that are now known as the primary Book of Accounts for a firm entity.  Today, it is common […]

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Liquidity is the lifeline of the finance industry. Financial systems come to a standstill if there is no liquidity, popularly known as money available.  The same way, Decentralized Finance (DeFi) is a general term for any blockchain-based financial services and goods. DeFi protocols are based on smart contracts, self-executing code are key to activities lending, […]

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Several blockchain projects are pushing their development towards use cases around interoperability of which the Polygon network (Matic) has out-classed other projects to serve their numerous users. What is MATIC? Polygon (previously called Matic network) is a technology platform that enables blockchain networks to connect and scale. It also has its own cryptocurrency with the […]

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If you’ve been following the crypto market for some time, you might have heard that the world’s second largest cryptocurrency has moved from proof-of-work (PoW) to proof-of-stake (PoS) consensus protocol called Merge this month. To bypass this, ETH miners got ready for a hard fork of Ethereum, which is called ‘ETHPoW’. This allowed miners to […]

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Cryptocurrency and blockchain technology have experienced a monumental growth since its inception in 2009. It has seen the creativity of developers embedded into the entire cryptosphere ranging from finance to education, healthcare and more recently governance. Crypto enthusiasts consider Bitcoin to be one of the greatest things that has happened to human civilization in recent […]

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Win with Klever and Devikins! Download the Devikins game from Google or App stores and show us some love. Follow the steps and include the tags below to enter the competition. Use tags: @klever_io #Klever #WinwithKlever #devikins  Download Devikins Game here Enter competition here

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If you have purchased crypto from any exchange or wallet, there might be one or two payment gateways, where you can make the purchase. However, the Klever Wallet (K5) has partnered with five world’s top payment gateways to provide varied services for users, so that they get ample options to make their crypto purchase seamlessly. […]

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Investing in DeFi means investing in the future of finance and the internet itself.  Decentralized Finance is a new finance system where users do not need to be attached to or bound by a bank or any other financial institution.  Through blockchain technology, DeFi has the functionality of common finance procedures but with a distributed […]

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As part of this upcoming event, the existing execution layer will be merged with the recently implemented consensus layer (the Beacon Chain), creating a mainnet secured by proof-of-stake while still maintaining ETH’s original state. In the evolution of Ethereum, the Merge represents the next step. By merging the existing execution layer and the recently deployed […]

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In recent years, there have been massive wallet hacks and criminal activities associated with cryptocurrencies. The various blockchain projects, especially those that are financially inclined, have wreaked havoc on investor funds as most of them used centralized wallets which were out of their control. In the year 2022, there is a report of wallet hacks […]

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Traders and investors involved in other forms of trading, such as stocks, bonds, and commodities, have gained a new perspective from the trading of Bitcoin and other cryptocurrencies. Investors now have access to these assets digitally from anywhere due to the availability of exchanges. Thereby making it possible for anyone no matter their age, race, […]

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The crypto space has witnessed tremendous growth in the past couple of years, from the initial concept of the blockchain and development of Bitcoin by its creator Satoshi Nakamoto to the current development of several mining models and the types of blockchain. To make this article a little more educational, it would be necessary to […]

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With crypto at an exceedingly early stage of development and making all sorts of noise, it will be only in the next few years that we will begin to see the power of decentralization. It might be helpful for you to share the Klever ecosystem and its product with others, since you already know a […]

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The advent of blockchain technology and by extension cryptocurrencies has seen an uptrend of developmental projects in the financial sector of the global economy. This has gradually transformed the way of doing financial business in recent times with the development of decentralized financial (DeFi) systems. This system is gradually integrating financial services for potential investors […]

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There is apparently a great deal of talk in the blockchain and cryptocurrency world about Non fungible tokens (NFTs) and how they can profit the prospective investor as it may be. In some way or another, this has attracted the attention of influential individuals in the entertainment industry, educational institutions, and the financial sectors. Although, […]

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Huobi continues to receive regulatory approvals to provide its services around the globe. Huobi, a Seychelles-based digital asset service provider, has received the Financial Services Commission's (FSC) of the British Virgin Islands approval to operate as a licensed virtual asset exchange. According to the press release shared on September 9th, after meeting all the requirements, the company will be able to provide spot trading for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), derivatives trading, as well as “other innovative products” and services.

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It is worth mentioning that the regulatory approval was given under Huobi subsidiary Brtuomi Worldwide Limited (BWL).

The company claims that it is the first Digital Asset Trading Platform Operator in the British Virgin Islands to operate in institutional grade. Huobi Group notes that it will provide its services to both retail investors and professionals. "This landmark approval makes Huobi the first licensed digital asset exchange for institutional-grade derivative products in the British Virgin Islands. It is a testament to our experience, professional knowledge, and track record in the global cryptocurrency industry,” said Houbi Group chief financial officer Lily Zhang. Alongside regulatory approval, the company became a member of the FSC’s financial innovations sandbox. Participation in this sandbox will allow Huobi to test new products and services, as well as be a part of the growing fintech sector. When talking about being a part of the FSC’s financial innovations sandbox, the Houbi Group CFO Lily Zhang noted: With the growing importance of compliance in the industry, we will strive to meet all regulatory requirements as we expand. Going forward, we will work closely with the British Virgin Islands regulators to develop a suite of licensed trading products and services and foster the cryptocurrency industry’s growth in the territory.” In other news, at the end of July, Huobi received approval from the Australian Transaction Reports and Analysis Center (AUSTRAC) to offer trading services in this country.

by Aaron S. - Expert Reviewer, BitDegree

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It seems that the Norwegian central bank is getting a step closer to releasing its central bank digital currency. The Norwegian central bank, also known as the Norges Bank, has published an open source code for central bank digital currency (CBDC). According to the blog post shared by Layer-2 scaling protocol Nahmii, its collaboration with the Norwegian central bank aims to define and commission “a sandbox production environment with open sourced services.”

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On top of that, the Norges Bank used Twitter to announce that its CBDC infrastructure is based on Ethereum, adding that it hopes that more people will join in testing this prototype.

The Layer-2 scaling protocol notes that the Norges Bank sandbox deploys smart contracts, access controls and “includes a custom frontend and network monitoring tools (BlockScout and Grafana).” According to the company, the current code is not supported on MetaMask and is only suitable for keystore files. Moreover, it is available only for “appropriate credentials,” making the transactions private. Nahmii highlights that this is only the first stage of CBDC development. The further development stages will include “batch payments, security tokens, and bridges,” as well as work on smart contracts and frontend development. The company hopes to release the above-mentioned features to the Norges Bank by mid-September. The Layer-2 scaling protocol Nahmii completed the blog post by saying: Nahmii AS are proud to be working with Norges Bank and other institutions on this prestigious project and hope that our work together will help to set new standards for public-private partnerships. It is worth noting that the Norges Bank announced its plans to launch CBDC tests back in April of 2021. Based on various sources, the Norwegian central bank aims to conduct these trials for 2 years.

by Aaron S. - Expert Reviewer, BitDegree

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With less than a week left until the Ethereum Merge, Google released a countdown dedicated to the event. Google, an American multinational technology firm known for its leading search engine, has launched the Ethereum Merge countdown. According to the announcement shared by Google Cloud developer Sam Padilla, the new feature has been rolled out as a sign of appreciation for all the efforts made by the developers to make the Merge possible.

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The countdown can be found by anyone using a Google search. The countdown will appear after the user searches “the Ethereum Merge” or “the Merge.” The countdown box contains the time left until the highly anticipated Merge. The estimated time is determined by current difficulty, hashrate, and merge difficulty. Moreover, the countdown timer contains two bears running toward each other. It is considered that the bears will get closer to each other every time the time left until the Merge decreases. During the Merge, these bears will create a panda, the de facto mascot of the Ethereum Merge. It is worth noting that the first stage of Ethereum Merge, called Bellatrix, has already launched on September 6th. The second stage of the Merge, Paris, will be triggered when Terminal Total Difficulty (TTD) reaches 58,750,000,000,000,000,000,000. It is considered to occur between September 10th and 20th. In its Twitter thread, Padilla emphasizes that the estimated date is precise, stating: The underlying data is getting pulled directly from the blockchain via some of the nodes we run. Padilla highlighted that the initiative to create a countdown to commemorate Ethereum’s change to Proof-of-Stake came up for Google employees. The latter wanted to introduce “some cool easter egg” for this occasion. In other news, at the beginning of the year, Google launched its dedicated blockchain-focused digital asset team.

by Aaron S. - Expert Reviewer, BitDegree

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With the help of Stack, teenagers can start trading and learning about crypto. Stack, a Seattle-based mobile software firm established in 2021 by Will Rush, Natalie Young, and Angela Mascarenas, has launched an app designed to teach teens and their parents about crypto while allowing hands-on experiences, such as trading. The company aims to provide accessible and reliable crypto education alternative to what may be offered by crypto influencers on social media platforms, like Reddit or Tik Tok. "All of our research about Gen Z demonstrates that they are self-learners but also that they follow trends that evolve in minutes instead of days, months or years. This means that too often, TikTok or Reddit is their financial advisor,” said Stack CEO and co-founder Will Rush.

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The app will also provide parental control for those users who are less than 18. The founders highlight that user accounts are managed based on the Uniform Transfers to Minors Act, which allows parents or legal guardians to have ownership of user accounts and assets until the child reaches legal age. Despite having detailed educational courses, Stack allows users to buy, sell, hold and trade crypto assets or at least get familiar with it. Upon the release, Stack lets users trade using Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Solana (SOL), Polygon (MATIC), and Litecoin (LTC). What is more interesting about this app is that it doesn't have trading fees. The company takes a monthly subscription fee of $3.00. However, new users will be rewarded with 6 months of free trading. According to the news report shared by fintech news website TechCrunch, the company aims to compete with such crypto giants as Coinbase and Robinhood. Gen Z is considered an entrepreneurial generation. As a result, many of them are crypto-curious. Coinbase and FTX have served as consumer entry point to crypto through crypto trading and educational content. However, they are inaccessible to the minors — the next generation of consumers. The app is currently available only on Android.

by Aaron S. - Expert Reviewer, BitDegree

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The crypto community reacts to Queen Elizabeth's death by issuing NFTs and memecoins. Queen Elizabeth II, the British monarch who served her country for 70 years and 214 days, passed away on September 8th. Shortly after the world started mourning, the crypto community flooded decentralized blockchain ecosystems with Queen’s Memecoins and NFTs. The Ethereum and BNB Smart Chain blockchain ecosystems were filed with various memecoins, such as “God Save The Queen,” “Rip Queen Elizabeth,” “London Bridge Is Down,” “Elizabeth II,” “Queen Grow,” “Queen Doge,” “Queen Inu II” “Queen Elizabeth Inu.”

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Based on the data from Dex Screener, the “Queen Elizabeth Inu” faced its first set of growth on the night of September 8th. The price then grew by around 141%, reaching $0.00010808 from the initial $0.00000325. At the time of writing this news report, after the significant fall, Queen Elizabeth Inu retails for $0.00002533. Another coin, “God Save the Queen,” had grown by 527% and reached the price of $0.00000019494 before it started falling on September 9th. At the time of writing, the coin retails for $0.00000001518. Moreover, the NFT marketplace OpeaSea has also seen a surge of Queen-themed non-fungible tokens (NFTs). For example, “RIP Queen Elizabeth” contains 520 different NFTs. The non-fungible tokens illustrate Queen in a cartoon-like manner. However, after almost 4 days since the Queen passed away, it hasn’t noticed a significant interest from the public. The crypto community is known for having its own way of commemorating significant events, however, not everyone was happy about such an initiative to honor the Queen. A Twitter user called ThreadGuy.eth, which uses Bored Ape Yacht Club for its profile picture, tweeted: Idk who needs to hear this but if you launched a Queen Elizabeth Nft collection to profit off her death you’re going to hell. While other Twitter users said that this is how people are paying their respect to the British monarch, at the same time, others believe that it is a scheme used to deceive and rob people.

by Aaron S. - Expert Reviewer, BitDegree

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The Japanese government issued NFTs to award the administration with the most innovative integration of digital technologies. The Japanese government has rewarded local authorities with non-fungible tokens (NFTs) for their efforts in using digital technologies to solve regional challenges. According to the news report shared by local news portal Coinpost, the rewards were given to seven mayors whose administrations were competing nationwide for the best approach to revitalizing local communities during the “Summer Digi Denkoshien 2022” ceremony.

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As an example of the initiatives, the news report presents projects proposed by the Sakata and Maebashi administrations. The Sakata administration suggested using electronic vehicles for deliveries across the city. Another NFT reached the hands of the Mayor of Gunma Prefecture, Maebashi. The Maebashi implied that mobile phone cameras could be used to track changes in traffic conditions in real time. The NFT award ceremony was hosted by the cabinet secretariat, an agency in the Japanese government headed by the Chief Cabinet Secretary. Based on the news report, Prime Minister Fumio Kishida also attended the ceremony. The award ceremony was sponsored by four companies: IndieSquare, bitFlyer Holdings, TREE Digital Studio, and Tomonari Kougei. According to the news report, the NFTs were issued using IndieSquar’s Hazama Base program, which allows the creation of NFTs without coding. It appears that the platform is greatly loved by the Japanese government. The Hazama Base was also used to give away NFTs at Liberal Democratic Party Youth Bureau’s event. Moreover, the NFTs were issued through the Ethereum blockchain and its proof of attendance protocol (POAP). The NFTs are non-transferable, therefore, cannot be traded on other markets. In other news, on August 24th, the local portal Yomiuri announced that The Japanese Financial Services Agency and the Ministry of Economy, Trade, and Industry (METI) are planning to review virtual currency taxation laws relevant to corporate entities.

by Aaron S. - Expert Reviewer, BitDegree

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With the help of the newly appointed prime minister, the United Kingdom intends to become a global crypto hub. The Economic Secretary to the Treasury, Richard Fuller, who has been working in this position since July 8th, has stated that the United Kingdom aims to become a dominant global crypto hub. According to the transcript of the Westminster Hall Debate regarding cryptocurrency regulations, Fuller highlighted: By making this country a hospitable place for crypto technologies, we can attract investment, generate new jobs, benefit from tax revenues, create a wave of groundbreaking new products and services and bridge the current position of [the] U.K. financial services into a new era.

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The Economic Secretary to the Treasury showed particular support for the innovative blockchain technology and cryptocurrency integration into countries' well-being. Richard Fuller proposed ideas to use blockchain technology to store medical records. Moreover, he anticipated that distributed ledger technology could be a great fit for customs and international trade. During the debate, Alexander Stafford, PM’s private secretary, stated that the prime minister is committed to creating a space for U.K. citizens to have access to buying, selling, and mining crypto. The Economic Secretary to the Treasury ended the debate by stating: The U.K. can either be a spectator as this technology transforms aspects of life, or we can become the best place in the world to start and scale crypto technologies. The Government chose the latter course. According to Fuller, together with the newly appointed PM and its government, they will move forward in finalizing and launching the Financial Services and Markets Bill. These two documents aim to define a regulatory framework for stablecoins. Moreover, he added that the issuance of the Economic Crime (Transparency and Enforcement) Act will allow law enforcement to seize or recover crypto assets. In other news, Singapore-based cryptocurrency exchange Crypto.com, on August 17th, received regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA).

by Aaron S. - Expert Reviewer, BitDegree

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Following U.S. President Joe Biden's executive order, the White House OSTP reveals that crypto mining greatly contributes to energy consumption and greenhouse gas emission. The White House Office of Science and Technology Policy (OSTP), working on developing evidence-based policies, has presented a “Climate and Energy Implications of Crypto-Assets in the United States” report. According to the report, the crypto mining industry greatly contributes to greenhouse gas emissions and overall energy consumption. The OSTP report highlights that crypto assets use around 50 billion kilowatt-hours of energy per year. According to the office, it makes up approximately 38% of global energy consumption.

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The White House OSTP struggled to provide a comparison of such levels of consumption. However, the office noted that crypto assets use more electricity than an average computer in the U.S. but less than a refrigerator or home lights. The OSTP stated: Noting direct comparisons are complicated, Visa, MasterCard, and American Express combined […] consumed less than 1% of the electricity that Bitcoin and Ethereum used that same year, despite processing many times the number of on-chain transactions and supporting their broader corporate operations. The OSTP highlights that in the bigger picture, crypto mining using “fossil-fired electricity” results in electronic waste, air and water pollution as well as increased local noise.

The investigation was a part of U.S. President Joe Biden’s March executive order (EO) to analyze the development of digital assets. The OSTP was ordered to research the digital asset energy usage and compare it with other energy consumption sources and ways for blockchain to engage in climate protection. Moreover, the OSTP was ordered to provide recommendations on how to minimize the impact digital assets have on the environment. The OSTP emphasizes that on the road for the United States to meet its climates objectives, crypto miners should "reduce greenhouse gas emissions, avoid operations that will increase the cost of electricity to consumers, avoid operations that reduce the reliability of electric grids, and avoid negative impacts to equity, communities, and the local environment." Among other things, the office highlights that various federal agencies, including the Environmental Protection Agency (EPA) and the Department of Energy (DOE), should assist crypto miners in reaching the above-mentioned objectives.

by Aaron S. - Expert Reviewer, BitDegree

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The performance of a crypto wallet with respect to how the users embrace the product goes a long way to put that crypto wallet in the global limelight especially when it is judged the best amongst equals. Recent years have seen major development in blockchain technology with most projects focusing on creating and integrating wallets, […]

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In only two days, two different crypto protocols got attacked through flash loans. Nereus Finance, a lending protocol on Avalanche blockchain, has experienced a fast loan exploit, leading to $371,406 stolen. On September 6th, blockchain security firm CeriK was the first to announce the exploit. The company claimed it had effected liquidity pools on Nereus, which have connections to automated market maker Curve Finance and decentralized exchange (DEX) Trader Joe.

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On the following day, September 7th, Nereus Finance shared its take on the exploit.

Under the segment called “So what happened?”, the company noted: An exploiter was able to deploy a custom smart contract and that leveraged a $51M flash loan to manipulate the AVAX/USDC Trader Joe LP pool price for a single block resulting in the ability for the exploiter to mint 998,000 NXUSD against ~$508k worth of collateral.” Moreover, the company highlighted that hacker created around $500,000 NXUSD bad debt in the NXUSD protocol. Nereus Finance claims they have paid off the bad debt using their team’s treasury. The company noted that the exploit happened due to a “missed step in the price calculation.” On the other hand, on September 8th, the decentralized finance (DeFi) protocol, New Free DAO, faced multiple flash loan attacks. It is estimated that the company lost $1.24 million. The announcement about the exploit has been shared on Twitter by the blockchain security firm CeriK.

Based on the reports, the hacker used the “addMember()” function to add themselves as a member to an unconfirmed contract. Afterward, the hacker carried out three flash loan attacks. It seems that the hacker used an attack contract to borrow Wrapped BNB (WBNB) and exchanged it for New Free DAO’s NFD tokens through flash loans. The blockchain security firm claims that the attacker may be tied to Neorder attack, which faced the theft of 930 BNB tokens back in May.

by Aaron S. - Expert Reviewer, BitDegree

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Money has been with us for hundreds of years and is still going strong as nothing moves without money. However, before paper money became popular, metal was the first form of money, which dates to over 5000 BC.  A currency known as a punch marked Karshapana was made in the lower Ganges region in eastern […]

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GameStop aims to introduce its customers to crypto through a partnership with FTX US. GameStop, an American video game, consumer electronics, and gaming merchandise retailer, has partnered with crypto exchange FTX US to bring gaming and crypto communities together. According to the blog post shared by GameStop on September 7th, the goal of this collaboration is to introduce loyal GameStop customers to FTX’s digital asset marketplaces.

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Moreover, some GameStop retail stores will sell FTX gift cards. As of September, GameStop has around 2,970 retail stores across the United States. The specific addresses or the number of stores where gift cards will be available are not revealed. Back in July, the video game retailer launched its NFT marketplace, giving a chance for players, collectors, and creators to sell, buy, and trade NFTs of virtual goods. Upon the launch, GameStop chief executive officer Matt Furlong noted: The launch of our NFT marketplace supports GameStop's long-term growth in the cryptocurrency, NFT, and Web3 gaming verticals, all of which we expect to be increasingly relevant for the collectors and gamers of the future. Therefore, the collaboration with crypto exchange FTX is not surprising. According to the announcement, GameStop will keep the financial terms of the partnership undisclosed. On the same day, GameStop shared its 2nd quarter report. Based on the report, the company’s net sales have dropped by 4% compared to last year's Q2 data. However, the company has seen significant growth in sales attributable to collectibles. Compared to 2021 Q2 data, sales grew by 21%. In other news, the GameStop NFT marketplace has been a significant hit, collecting around $45K in transaction fees on its opening day. At the beginning of September, the GameStop NFT marketplace contained 588 collections, with around 83K non-fungible tokens. At the end of July, the NFT marketplace had 250 collections with 54K different NFTs.

by Aaron S. - Expert Reviewer, BitDegree

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Binance US to start offering Ethereum staking services ahead of Ethereum Merge. Binance, one of the largest cryptocurrency exchanges, has launched the Ethereum staking program on its US subsidiary. According to the blog post shared on the Binance US website, the company offers an annual percentage yield (APY) rate of 6%.

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The company claims that its program will allow users to start staking with a minimum of 0.001 ETH, highlighting that staking directly on Ethereum Network requires to stake at least 32 ETH. It is worth noting that the staking rewards will reach the users after the Ethereum Merge is finalized. The Merge entered its first stage, called Bellatrix, on September 6th, while the final stage Paris, is anticipated to be launched around September 10th and 20th. When talking about the launch of Ethereum staking, Binance US Chief Executive Officer Brian Shroder noted: ETH plays a critical role in the broader Web3 ecosystem, and as the Ethereum network continues to transition towards The Merge, we are thrilled to now offer ETH staking with some of the highest APY rewards in the industry. We continue to build out a comprehensive staking offering that will provide the most value for our customers. For comparison, Coinbase offers 3.25% APY for Ethereum staking, Lido Finance offers 3,5% APY, Nexo and BlockFi offer 4% APY. Despite launching Ethereum staking services to its US customers, Binance is taking other measurements prior to Ethereum Merge. The company has announced its plans to halt Ether (ETH) and ERC-20 token withdrawals and deposits during the Ethereum Merge. According to the company, this way, it will bypass any trading risks and ensure the safety of user funds. On September 5th, Binance shook the crypto market stating that it plans to convert all investments made with USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD) to its own Binance USD token.

by Aaron S. - Expert Reviewer, BitDegree

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Major companies are filing crypto-related trademark applications down left, right and centre. Sony Music, the New York-based multinational music company, has reportedly filed a trademark application for the Columbia Records logo. According to the Twitter post shared by the United States, Patent and Trademark Office (USPTO) licensed trademark attorney Mike Kondoudis, Sony Music aims to use the trademark for “NFT backed media, music + podcast production, artist management + music distribution services.”

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Based on the announcement, Sony Music filed a trademark application to the United States Patent and Trademark Office (USPTO) on August 30th. The company aims to provide downloadable audio and video recordings featuring live music performances authenticated by non-fungible tokens (NFTs). Moreover, NFTs authentication will be used for audio recordings, images, and artwork related to live performances and various multimedia files. The trademark application also includes non-Web3-related services. The company aims to use the trademark for marketing services and promotions, including advertisements for artists, their music, audio, video recordings, or other musical services. The music world has been increasingly more interested in incorporating NFTs into their projects. A Devon-based English rock band, Muse released their ninth album, “Will of the People” as a non-fungible token (NFT) album. The album was distributed as Digital Pressing, an individual, chart-eligible digital release. On top of that, NFT marketplace OneOf has collaborated with The Christopher Wallace Estate to create American rapper Biggie Smalls' NFT collection. On August 29th, Eminem and Snoop Dog hosted a metaverse-inspired performance on MTV’s Video Music Awards. The performance was partially broadcasted from Yuga Labs Metaverse and included artist’s Bored Ape Yacht Club NFTs. Moreover, MTV initiated a new category called “Best Metaverse Performance.” In the 2022 VMA’s, BLACKPINK The Virtual in PUBG won this category. Previously, the news broke that Formula1 has filed for two crypto and non-fungible tokens (NFTs) related trademarks. Moreover, French luxury designer house Hermès filed a trademark to provide crypto, non-fungible tokens (NFTs), and metaverse goods and services.

by Aaron S. - Expert Reviewer, BitDegree

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Cryptocurrency lender Nexo expands its services to spot, futures, and margin trading. Nexo, a New Jersey-based cryptocurrency lender established in 2017, has announced the launch of its spot, futures, and margin trading platform called Nexo Pro. According to the press release, Nexo Pro will function as a gateway for crypto finances involving the best crypto and derivatives markets with availability to Earn, Borrow, and the Nexo Card.

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The Nexo Pro will allow users to connect to more than 3,000 order books and around 10 liquidity providers. The company claims that the platform will automatically suggest the best prices and the most efficient order executions. Nexo’s VP of Product Development, Yasen Yankov, claims that Nexo Pro aims to provide the best trading price, near-zero slippage, the tightest ask spread, and automated time-weighted average price (TWAP). Nexo Pro is the result of a long exploration in the world of retail and institutional trading. We are now passing this most advanced trading performance to our 5M+ customers at near zero cost and are set to revolutionise retail trading globally,” said Yasen Yankov, Nexo’s VP of Product Development. The new platform will provide customers access to “institutional-grade aggregation liquidity.” Based on the press release, there are no minimum funding requirements, and already existing Nexo clients will receive a 50% discount on standard fees. Co-founder and Executive Chairman of Nexo Kosta Kantchev, when talking about the release, noted: We expect Nexo Pro to quickly become the first choice for those striving to outperform the average trader, and do so in the most secure way. The Nexo Pro is available through a single intuitive interface, representational state transfer (REST), and WebSocket APIs. The company notes that in the beginning, the platform will be available only on a desktop. However, it will soon appear on mobile as a Nexo Pro app. The company has been fairly active in launching new products in 2022. Nexo has rolled out its crypto-backed card Nexo Card in collaboration with Mastercard and DiPocket. Moreover, the company launched its “institutional-grade trading and custody platform Nexo Prime.”

by Aaron S. - Expert Reviewer, BitDegree

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After a successful launchpad sale, we’re ready to go live with our NFT Marketplace DEX We will be bringing you many exciting new projects in the coming months, including the ability to sell, auction, and manage your NFTs on your account, and securely transfer them to Klever Wallet, K5. Here’s a range of frequently asked […]

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Thai SEC continues to impose various legal actions against crypto exchange Zipmex. Thailand’s Securities and Exchange Commission (SEC), the main capital market regulatory authority in the country, has filed a police complaint against crypto exchange Zipmex and its CEO and co-founder Akalarp Yimwilai. According to the press release shared on September 7th, the Thai SEC had no choice but to file a complaint, after Zipmex failed to provide the requested transaction information.

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The official statement claims that the Thai SEC requested Zipmex to provide information about client transfers and withdrawals. Based on the press release, the SEC had to encourage Zipmex to provide information. After an additional request, the crypto exchange submitted incomplete information. The Securities and Exchange Commission's statement highlighted: Such actions by Zipmex and Mr. Eklarp are considered to be non-compliance with the competent official's orders. Which is an offence and has a penalty under Section 75 of the Digital Assets Act, the SEC has accused Zipmex and Mr. Eklarp to the ACT, to consider further legal action.” Moreover, the financial regulator emphasizes that a police complaint is only the beginning of all legal actions it will take against Zipmex. In response, a Zipmex spokesperson noted that the company is currently working on gathering all relevant information requested by the SEC. Moreover, the spokesperson added that the company is doing its best to ensure customer data privacy and will provide only the most pertinent information. With that said, any disclosure of Zipmex Pte Ltd’s information must be carried out with the utmost care and consideration to ensure that regulations are fully complied with and standards such as data privacy are duly observed. Customers can rest assured that the company is addressing this matter with your best interest in mind." It is worth noting that Zipmex halted its withdrawals on July 20th. Afterward, the Thai SEC launched an investigation to analyze the damage halted withdrawals had on customers. On July 22nd, Zipmex filed for bankruptcy protection against legal action from creditors. Later on, SEC fined Zipmex 1,92 million baht (around $52,287) for violating digital asset laws after halting its withdrawals.

by Aaron S. - Expert Reviewer, BitDegree

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South Korea continues to implement various crypto-related regulations. South Korean Financial Services Commission (FSC), a leading financial regulator in the country, shared its plans to launch guidelines for security tokens and the securities market for crypto tokens. According to the press release shared on September 6th, the FSC hosted a policy seminar to discuss the “revision of the system of issuance and distribution of security tokens.”

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In the seminar, FSC met with Korea Exchange, Financial Supervisory Service, Capital Market Research Institute, and Korea Securities Depository. During the meeting, FSC highlighted that in order to “support the sound development of the market and industry,” separate guidelines for blockchain-issued securities are a must. The FSC plans to launch its security token guidelines in the 4th quarter of 2022. After issuing guidelines, the financial regulator is set to establish the “Security Token Discipline System” by revising Capital Market Act and Electronic Securities Act. Afterward, the financial regulator aims to launch the digital securities market supervised by the Korea Exchange (KRX). The applications and registration process will be managed by the Korea Securities Depository. However, before launching the actual market, the regulator will roll out a pilot version using a financial regulation sandbox. Based on the project, tokens will be available “in the same method as existing securities.” Moreover, in the beginning, users will be able to use over-the-counter trading on a limited scale. During summer, the South Korean government was relatively active in making various crypto-related decisions. On July 21st, the government postponed the 20% crypto gains taxation to 2025. Initially, the law was introduced in 2021 and was supposed to start operating on January 1st, 2022. However, the government later pushed back the law to 2023 and is now set to launch it in 2025. Moreover, on August 22nd, The South Korean Ministry of Strategy and Finance announced that it plans to impose taxes for crypto airdrops, hard forked tokens, and staking rewards.

by Aaron S. - Expert Reviewer, BitDegree

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Celsius bankruptcy saga continues with the co-founder claiming that his stake is "worthless." Celsius, a bankrupt cryptocurrency lending platform established in 2017, continues its bankruptcy proceedings with one of its co-founders claiming that his equity stake in the company is “worthless.” According to the documents shared with the United States Bankruptcy Court Southern District of New York, Celsius co-founder S. Daniel Lion confirmed that he is a stakeholder but claimed that his shares are considered worthless.

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Based on the rules declared by the Internal Revenue Service (IRS), the stakeholders often declare that their stakes are worthless when there is a belief that they will not receive “any further distribution for their holdings.” Moreover, the stakeholder declaring worthlessness must provide clear evidence that the stake had a value at the end of previous years and that certain events caused a loss “in the deduction year.” Simon Dixon, an online investments platform’s BnkToTheFuture CEO, used Twitter to share his opinion. The CEO claims that by stating stakes as “worthless,” Celsius co-founder aims to “use them as a tax write-off.”

According to sources, Celsius has previously managed to attract two equity funds from investors using BnkToTheFuture. It is worth remembering that Celsius filed for Chapter 11 bankruptcy on July 13th in the United States Bankruptcy Court for the Southern District of New York. According to the data shared on August 31st, the company holds over $111 million in cash, claiming that by November, it will have only $42 million. Moreover, on the same day, a group of 64 custodial-account owners asked the Bankruptcy Court for the Southern District of New York to obligate Celsius to renew withdrawals from custodial accounts. Celsius acted fast on September 1st and filed a motion to allow customers that have Custody or Withhold Accounts worth less than $7,575 to withdraw their funds.

by Aaron S. - Expert Reviewer, BitDegree

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HIVE aims to expand its crypto mining to other GPU mineable coins. HIVE Blockchain Technologies Ltd, a cryptocurrency mining firm, is exploring various options to replace Ether (ETH) mining. According to the August 2022 product update, the company is searching for “other GPU mineable coins” prior to the highly anticipated Ethereum Merge. HIVE has already commenced analysis of mining other GPU mineable coins with its fleet of GPUs, and is implementing beta-testing this week, prior to the Merge.

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It is worth noting that the first step of Ethereum blockchain shifting from Proof-of-Work to Proof-of-Stake began on September 6th with the Bellatrix stage. It is expected that the shift will be completed by September 20th. Following the Merge, HIVE technicians aim to optimize Ethereum mining capacity making it 6.5 terahashes per second. The HIVE highlighted that only GPU miners that have the most powerful equipment and suggests the lowest electricity prices will succeed. In their report, the company emphasizes that they are “well positioned to navigate the market ahead,” claiming that their Sweden-based Boden facility is “one of the largest single-site Ethereum mines on the planet.” The company claims that it has power fixed at $0,03 U.S. dollars. Moreover, in its product update, HIVE claims that it has achieved a record cryptocurrency mining capacity. Based on the report, HIVE mines around 9.4 Bitcoin (BTC) worth around $187,500 and 97 Ethereum (ETH) worth around $161,000 daily. According to HIVE, Ethereum mining has reached historical heights making from three to four times more revenue than Bitcoin (BTC) mining. The company claims that during the month of August, it mined around 290 BTC and 3,010 ETH. By the end of August, the company is holding 3,258 Bitcoin (BTC), which makes its “crypto wealth” around $73,3 million. Therefore, HIVE can be considered the third-largest crypto mining firm, coming after Marathon Digital Holdings and Core Scientific.

by Aaron S. - Expert Reviewer, BitDegree

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1inch Network is set to thank the most active Optimism user with OP tokens. 1inch, a decentralized exchange aggregator, is rewarding its 1inch Wallet users for active participation on the Optimism Network. According to the blog post shared by 1inch Network, the company will distribute 300,000 Optimism (OP) tokens to “incentivize their activity on the Optimism Network.”

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Optimism Network is a Layer2 Ethereum blockchain aiming to reduce costs and latency. 1inch announced the launch of Optimism on August 17th, 2021. In the announcement blog post, 1inch Network co-founder Sergej Kunz noted: Optimistic Ethereum is a highly promising L2 solution focused on scalability, and the 1inch launch on Optimistic will facilitate a dramatic increase in transaction speed. After almost a year after the initial announcement, Kunz claims that 1inch and Optimism integration has resulted in growing activity on the network. In the statement, Kunz said: Optimism is one of the most efficient and popular L2 solutions. Since 1inch expanded to Optimism, we have seen substantial activity on that network, and this reward will come as an extra incentive for them to use 1inch on Optimism. To show their appreciation and to encourage customers to continue using Optimism, the company will reward 3,782 most active and regular users with OP tokens using Merkle drop. Each user will receive around 79 OP tokens. According to the announcement, just over 45,000 wallets used 1inch protocols on Optimism Network. More than half of those users (28,600) made the majority of their transactions on this particular blockchain. As of the beginning of September, OP token values for $1,10. The price was falling significantly since its launch in May when it retailed for $4,57. The volatile market conditions and “so-called airdrop dumpers” have influenced the price drop.

by Aaron S. - Expert Reviewer, BitDegree

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Brazilian CVM continues to ban unauthorized crypto companies. The Brazilian Securities and Exchange Commission (CVM), a securities market authority, has banned Singapore-based crypto exchange Bybit from brokering securities in a Latin American country. According to the declaration act shared on September 5th, Bybit must immediately suspend any securities offerings and intermediation services on their websites, social networks, and applications.

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The CVM noted that based on their investigation, Bybit aimed “to raise funds from investors residing in Brazil for investments in securities.” The companies that want to provide securities intermediary services have to have approval from the Brazilian Securities and Exchange Commission. It turns out that Bybit doesn’t have such approval. More specifically, Brazilian CVM has given a green light to only one company to provide such services, Brazil’s stock exchange B3. The declaration noted that Bybit must stop providing its services immediately, or the company will be fined 1,000 Brazilian reals (around $194) every day if they don’t comply with the CVM’s decision. In April, the company announced its plans to launch various earning products and a non-fungible token (NFT) marketplace in Brazil. Moreover, the company promised that Brazilians will be able to acquire cryptocurrencies using Brazilian reals. This is not the first time Bybit was disciplined by the regulators. At the end of June, The Canadian financial regulator known as the Ontario Securities Commission (OSC) penalized Bybit for not complying with securities laws. The company received a $1.9 million fine and a lifetime ban from operating in the country. Moreover, at the beginning of July, The Brazilian Securities and Exchange Commission ordered Binance to stop providing derivatives trading services in Brazil.

by Aaron S. - Expert Reviewer, BitDegree

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Reddit "Collectible Avatars" owners are reselling them on OpenSea. Reddit, an American social news aggregation, content rating, and discussion website, has recently launched “Collectible Avatars”, which are now resold on OpensSea. The company announced its plans to launch its blockchain-based Collectable Avatars on July 7th. According to the announcement, the avatars are made by individual artists and can be purchased on Reddit Avatar Builder.

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After buying the collectible avatar, each purchaser gains the right to use the art piece on Reddit or other platforms, while the creators earn from each sale. Although the announcement was shared in July, the collectibles became available in August and generated thousands for its creators. Users can buy Reddit avatars using Vault, Reddit’s cryptocurrency wallet. At the time of launch, Reddit highlighted that users don’t have to have cryptocurrency to purchase these avatars. The company emphasized that people can pay using fiat currencies, with the methods closely known to them, such as debit or credit cards. The prices for Reddit NFTs range from $5 to $49 on Reddit Avatar Builder. However, NFTs offered for more than $50 are sold out on Reddit’s store. The users who wish to purchase the more expensive avatars can find them on the NFT marketplace OpenSea. However, it is worth noting that the prices on OpenSea are significantly higher than the ones proposed by Reddit. It seems that users who have purchased the Avatars on the Reddit store are now creating secondary sales with hefty premiums on OpenSea. On OpenSea, users can find two collections: Foustlings x Reddit Collectible Avatars and The Senses x Reddit Collectible Avatars. Earlier this year, Reddit reportedly began testing a feature that would allow users to make NFTs, their profile pictures. On top of that, in 2021, the company released its first limited-edition NFT collection called CryptoSnoos.

by Aaron S. - Expert Reviewer, BitDegree

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Starting September 29th, Binance will convert all investments made with USDC, USDP, and TUSD to its stablecoin BUSD. Binance, the largest crypto exchange in terms of daily trading volumes, has dropped a bomb announcing that it will no longer support trading for USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD). According to the announcement shared on Binance’s blog, starting September 29th, Binance is set to convert all investments made in USDC, USDP, and TUSD to its Binance USD token.

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The company calls it a “BUSD Auto-Conversion” initiative. In the blog post, the company noted that the decision to convert stablecoins to BUSD was made aiming to “enhance liquidity and capital efficiency for users.” The USDC will be removed from Binance’s liquid swaps, staking, loans and savings. Binance highlighted that this change will not affect withdrawals from its platform, stating: This will not affect users' choice of withdrawal: users will continue to be able to withdraw funds in USDC, USDP and TUSD at a 1:1 ratio to their BUSD denominated account balance. The Binance spokesperson highlighted that auto conversion is “not a temporary measure” and will continue after September 29th. On September 6th, in a now-deleted tweet, Binance CEO Changpeng Zhao (also known as CZ) claimed that the company won’t remove stablecoins from its listings but rather “just merging all liquidity into one pair.” Moreover, he highlighted that it will provide a better price and “lower slippage for users.” According to the data shared by Nansen CEO Alex Svanevik, Binance has been converting USDC to BUSD for quite some time now. At the beginning of August, Binance had around $2.8 billion worth of USDC. However, the data revealed that Binance currently has $1 billion worth of USDC. In other news, on the same day, Binance announced halting deposits and withdrawals for Ether (ETH) and Wrapped Ether (WETH) until Ethereum Merge is fully completed.

by Aaron S. - Expert Reviewer, BitDegree

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Liquidity problems force Poolin to halt withdrawals. Poolin, one of the world’s biggest Bitcoin (BTC) mining pools, has suspended its withdrawals due to liquidity problems. According to the announcement shared on September 5th, the company states that PoolinWallet is halting all withdrawals, internal transfers, and flash trades to stabilize liquidity.

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The company used its post to reassure users that their funds in Poolin accounts are completely safe and highlighted that it is searching for “strategic alternatives with various parties.” We want to assure you that your assets in PoolinWallet are safe and we are expecting to provide the community with more details, and feasible solutions within a week. In a separate blog post shared on September 5th, the company noted that liquidity problems have arisen from increased demand for withdrawals. Due to this demand, Poolin was forced to halt withdrawals for Bitcoin (BTC) and Ether (ETH). The company did not specify the exact date when withdrawals will be relaunched, however, noted that “plans of resume will be revealed within 2 weeks”. In its blog post, Poolin Team noted: We will make a snapshot of the remaining BTC and ETH balances on the pool on September 6th to work out the balances. The daily mined coins after September 6th will be normally paid out per day. Other coins are not affected. In the same blog post, Poolin offers zero fees for Bitcoin (BTC) and Ethereum (ETH) mining. According to Poolin, the deal will be available from September 8th to December 7th.

by Aaron S. - Expert Reviewer, BitDegree

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AFP takes additional measures to prevent money laundering using cryptocurrencies. Australian Federal Police (AFP), the principal and federal law enforcement agency of the Australian Government, opened a cryptocurrency unit to target money laundering by tracing crypto transactions. According to the news report shared by the Australian Financial Review, the decision was largely influenced by the fact that criminals started using cryptocurrency more prominently in their financial crimes.

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The national manager of the AFP’s criminal asset confiscation command, Stefan Jerga, noted that due to this reason, AFP decided that a specialized unit will be more valuable than officers picking up the skills as they go. Jerga highlighted that although the unit will focus on tracing digital assets, it will also provide valuable insights about tracing transactions in other investigations. It’s targeting assets, but it’s also providing that valuable, investigative tracing capability and lens for all of our commands across all of our businesses, whether they’re national security-related, child protection, cyber – or the ability to trace cryptocurrency transactions across the relevant blockchains is really, really important. On September 5th, Australian Federal Police reported that they managed to seize more than $600 million in criminal assets. The AFP received the order from Commissioner Reece Kershaw to collect the specified amount in five years. However, AFP managed to do it in three years. Based on the report, the AFP-led Criminal Assets Confiscation Taskforce (CACT) has collected $380 million in residential and commercial properties, $200 million in cash and bank accounts, and $35 million in cars, boats, aircraft, cryptocurrency, artwork, and other luxury items. Although the seized assets in cryptocurrencies are only the minority, Australian Federal Police expects the newly established crypto unit to provide more insights into the amount exploited in cryptocurrencies. In other news, The Australian Treasury is taking action to impose crypto regulations. The Parliament members Jim Chalmers and Dr. Andrew Leigh stated that the Government is ready to take action to create a framework for crypto regulations and expects to launch it by the end of 2022.

by Aaron S. - Expert Reviewer, BitDegree

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Due to sanctions imposed by Western countries, Russia is reconsidering the possibility of using cryptocurrencies for cross-boarded payments. The Central Bank of Russia agrees that cryptocurrency may be the solution for international payments. According to the report shared by the local news portal TASS, the Bank of Russia admits that due to the geopolitical situation and various sanctions, “it is necessary to legalize cross-border settlements” using cryptocurrencies. The bank plans to do it “in the near future”.

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It is worth noting that Russian authorities have been opposing this idea for quite some time. The government even went the extra mile to launch the “On Digital Financial Assets” law, which prohibits to use crypto for any payments. However, in the interview given to local TV channel Russia-24, Deputy Finance Minister Alexei Moiseev noted that “the situation has changed, and we are rethinking it.” It can be assumed that Moiseev refers to a significant number of sanctions imposed by Western countries. The deputy finance minister has also highlighted that before allowing international payments, the Central Bank will have to launch a regulatory framework, which will help to ensure that crypto is not used for money laundering or paying for drugs. Now people open crypto wallets outside the Russian Federation. It is necessary that this can be done in Russia, that this is done by entities supervised by the Central Bank, which are obliged to comply with the requirements of Anti-Money Laundering legislation, and first of all, of course, Know Your Customer requirements. The news about Russia's plans to equip cryptocurrencies have been surfacing since May. Then, The Minister of Industry and Trade Denis Manturov highlighted that crypto payments will be legalized “sooner or later.” On the other hand, it seems that Russia is following in the footsteps of Iran, another country heavily restrained by Western sanctions. On August 30th, Iran authorized the use of cryptocurrency to pay for imports. Earlier that month, the country placed its first international import order worth around $10 million in crypto.

by Aaron S. - Expert Reviewer, BitDegree

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Binance continues to assist various cities and countries in expanding their crypto ecosystems. Binance, one of the largest crypto exchanges established in 2017 by Changpeng Zhao, is one of the companies to help Nigeria build a Virtual Free Zone. According to the blog post shared by Nigeria Export Processing Zones Authority (NEPZA), the institution held a meeting with Talent City CEO Luqman Edu, NEPZA director Sikiru Lawal, and Binance Executive Director Nadeem Ladki to discuss the matter.

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The NEPZA noted that Virtual Free Zone will be a great place for crypto businesses to flourish. It will offer tax incentives for crypto businesses, as well as crypto-friendly laws and regulations, and will be similar to Dubai’s virtual zones. NEPZA’s Managing Director Mr. Adesoji Adesugba noted: We seek to break new grounds to widen economic opportunities for our citizens in line with the mandate of the Authority, the directive of the Honourable Minister, and the economic development agenda of President Muhammadu Buhari. According to the data provided by Tripple A, Nigeria is the fourth country with the highest crypto adoption rate. It is estimated that around 22 million people in Nigeria have owned or currently own crypto. Adesugba, when talking about the plans to launch countries Virtual Free Zone, said: Our goal is to engender a flourishing virtual free zone to take advantage of a near trillion dollar virtual economy in blockchains and digital economy. Nigeria is not the first country Binance aims to help to expand its crypto ecosystem. On August 26th, Binance signed a Memorandum of Understanding (MoU) with the city of Busan, aiming to be a part of its blockchain development journey. According to the statements, Binance will assist Busan by providing technological and infrastructural support to the city. Among other things, Binance is planning to fund blockchain-related research and use Binance Academy to launch several blockchain-related educational and online resources.

by Aaron S. - Expert Reviewer, BitDegree

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After three months of delay, Cardano’s Vasil Hard Fork Update is coming at the end of September. Cardano, a proof-of-stake blockchain platform, has shared the release date for its Vasil hard fork update. According to the Twitter post shared by Input Output Hong Kong (IOHK), the blockchain’s development lab, the upgrade has gone through “the successful completion & extensive testing of all core components, plus confirmed community readiness.”

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The developers confirmed that the Vasil update will be released on September 22nd. Vasil upgrade will offer increased network capacity and lower transaction costs. Moreover, it will allow developers to build more efficient and powerful blockchain-based applications on Plutus, Cardano smart contract platform. The tweet thread also notes that the transition should be nevertheless seamless. Thanks to #Cardano’s unique hard fork combinator, we anticipate a seamless technical transition, with no disruption for its users or a break in block production. Users need to take no action. A hard fork is a blockchain protocol update used to add additional features or fix underlying problems. Moreover, it is “a backward-incompatible change to the software used to validate and produce new blocks.” Input Output Hong Kong highlighted that after asking the 12 most prominent crypto exchanges about their readiness for the update, Bitrue and MEXC noted that they are ready to adopt the update. Binance stated that it is “nearly there,” whereas Coinbase, HitBTC, Upbit, WhiteBat, and BKEX are “in progress.” The update has been delayed multiple times. The developers anticipated releasing the update in June. However, it was postponed to July 29th but promised to roll it out in August. Although, the developers highlighted that they will take as much time as they need to ensure that “things are done right.” It is worth noting that the update is called Vasil to honor a Bulgarian member of the Cardano community Vasil Dabov, who passed away in 2021.

by Aaron S. - Expert Reviewer, BitDegree

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Thailand's securities watchdog aims to protect crypto investors from misleading advertising. The Office of Securities and Exchange Commission (SEC) in Thailand, the country's crypto and securities regulator, has decided to tighten rules for crypto advertising. According to a statement shared by the regulator, starting October 1st, crypto-related companies, especially those advertising digital currencies, must provide investment warnings in their advertisements.

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The new regulations come after the SEC noticed that many crypto advertisements include only positive information and lack warnings regarding the risks of investing in crypto. A significant number of crypto companies operating in the country are advertising their services on digital media, billboards, or public transport hubs. However, it seems that it has come to an end. The SEC is now limiting crypto advertising to official channels such as the company’s websites. Moreover, the companies are obligated to share information about possible risks and give warnings associated with crypto investments. Above all, the SEC highlights that crypto firms must not provide information, which is exaggerated, misleading, or include false claims. The companies are also advised to provide balanced advertisements meaning they should present positive and negative factors related to the advertised products or services. Thailand's securities watchdog has given companies a month to comply with new regulations. According to the SEC, the new rules have been implemented in the footsteps of the United Kingdom, Dubai, Singapore, and Spain, which have recently launched similar regulations. At the beginning of August, SEC issued operation approvals to four crypto companies, crypto exchange T-BOX Thailand, two fund managing companies Leif Capital Asset Management and Coindee, and crypto broker Krungthai XSpring. In other news, Thailand authorities received a great deal of criticism for not being able to protect Zipmex investors. It is worth noting that Zipmex halted its withdrawals on July 20th. Shortly after that, SEC launched an investigation attempting to investigate the aftermath that Zipmex withdrawal suspension had on investors. As a result, Thailand’s SEC has fined Zipmex 1,92 million baht (around $52,287) for violating digital asset laws after halting its withdrawals.

by Aaron S. - Expert Reviewer, BitDegree

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It seems that Coinbase's pricing error haven't gone unnoticed. Coinbase, a cryptocurrency exchange established in 2012, has discovered that Georgian users have exploited a price bug. According to the news report shared by Blockworks, Georgian users were able to manipulate the price bug by cashing out their digital assets for 100 times the actual exchange rate.

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On August 31st, the Georgian lari (GEL), the country's national currency, due to a third-party technical issue, was rated as 290 GEL rather than 2.90 GEL. Based on the data presented by Blockworks, the error was active for around 7 hours and was used by around 1000 people before it was fixed. According to Coinbase spokesperson: Upon detection, we fixed the issue and are taking action to retrieve the improperly withdrawn funds. Although there is no information on how much money Georgian users managed to withdraw, Coinbase’s spokesperson noted that it is "a small non-material amount." One trader told Blockworks that despite them having to receive $150 after their transactions, they received $15,000. In the majority of cases, users transferred these funds straight to their personal bank accounts, where they expected them to be safe. However, it was not the case. Some Georgian banks noticed the suspicious transactions and notified customers that their bank accounts and Visa debit cards were frozen. One customer shared an email from their financial institution, which states: Hello, we have marked your transactions with Coinbase as suspicious and we’re locking all your accounts and cards. Please be aware that Coinbase may request a clawback of the funds. Sorry. As a result, some Georgian traders cannot use any of their funds regardless of whether they are connected to the exploit or not. It seems that users are more than happy to exploit the mistakes of cryptocurrency exchanges. On August 31st, the news broke that Crypto.com accidentally sent a user $10.5 million while attempting to refund the person $100.

by Aaron S. - Expert Reviewer, BitDegree

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It seems that Crypto.com has abandoned one of its most valuable sponsorship deals. Crypto.com, a Singapore-based crypto exchange established in 2016, has reportedly backed out of a hefty sponsorship deal with the Union of European Football Associations (UEFA) Champions League. According to the SportBusiness report shared on August 31st, Crypto.com decided to pull out of a five-year sponsorship deal due to regulatory concerns with licenses in the United Kingdom, Italy, and France.

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It is worth noting that Crypto.com received regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA) on August 17th. On the other hand, Italy's Organismo Agenti de Mediatori gave its approval on July 19th. The deal was reportedly worth $495 million, during which Crypto.com would have paid around $100 million per season to UEFA. The talks about Crypto.com becoming one of the main sponsors of the Champions League came after UEFA dropped Russian energy company Gazprom. The Union of European Football Associations decided to cut ties with the company after Russia started military actions against Ukraine. UEFA still has active sponsorship deals with Lays, PlayStation, MasterCard, and FedEx. On the other hand, Crypto.com has been actively expanding its positions by sponsoring various sport-related events and initiatives. Recently, Crypto.com paid $700 million for 20-year naming rights for the event venue, now known as Staple Center in Los Angeles. The venue now will be called Crypto.com Arena. Moreover, the company is an official sponsor of the NBA team Philadelphia 76ers. In 2022, the crypto exchange signed a sponsoring deal with the Australian Football League worth $25 million and became a sponsor of the FIFA World Cup in Qatar. Moreover, Singapore-based crypto exchange signed a nine-year deal with Formula 1 to call one of the races the Formula 1 Crypto.com Miami Grand Prix. Moreover, the company is a sponsor of Formula One team Aston Martin. In other news, in May of 2021, a Crypto.com employee transferred $10.5 million to its Australian user while attempting to refund the person $100.

by Aaron S. - Expert Reviewer, BitDegree

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Crypto derivatives exchange's $25 deposit bonus promotion comes to an abrupt end. dYdX, a decentralized crypto derivatives exchange established in 2017, ended its $25 deposit bonus initiative a day after it was launched. According to the tweet shared by dYdX, the company was forced to cancel the initiative “due to extremely overwhelming demand”.

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However, the case may be completely different from what the company wants it to look like. According to the promotion rules shared on the company’s blog post, each user who deposits more than 500 USD Coins during their first transaction is eligible to receive an on-time 25 USDC deposit bonus. One of the steps which received the most backlash from the crypto community is called “liveness check”. During the so-called "liveliness check", the customers that want to receive the bonus must complete the verification process when the webcam on their digital device scans the customer's face. After the scan, the program compares the customer's image with other accounts in the dYdX network. If, during the scan, the program detects that the customer has already claimed the reward using a different account, they will be unable to receive the bonus. Some crypto community members used Twitter to share their disappointment and opposition to such verification methods, claiming that it is an invasion of privacy. DeFi Watch founder Chris Blec even went to the extent to state that dYdX is “​​bribing users to allow their faces to be scanned & disguising it as a ‘promotion' ”. After considerable resistance among Twitter users, dYdX shared another tweet claiming: Participation in the promotion is completely optional and requires image verification solely to prevent fraud. However, it seems that the crypto community on Twitter is not buying these excuses and claims that dYdX decided to close the initiative due to community pushback.

by Aaron S. - Expert Reviewer, BitDegree

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Crypto lender Celsius reacts to customer request to renew withdrawals held in custodial accounts. Celsius, a cryptocurrency lending platform that filed for bankruptcy in July, has filed a motion to allow some of its customers to withdraw their funds. According to the filing, issued on September 1st, the troubled crypto lender is planning to return funds to only those users that have Custody or Withhold Accounts.

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However, the criteria for customers to revoke their crypto assets don't stop there. Based on the filing documents, the customers will be eligible to withdraw their funds only if the total amount of assets held in these accounts are worth less than $7,575 and were not transferred from the Borrow and Earn Programs. It is worth noting that Custody and Withhold Accounts function as storage wallets, which allow customers to have full ownership of their crypto assets. The Celsius filing for the United States Bankruptcy Court states: The debtors have identified significant cryptocurrency assets that they do not believe are property of their estates, and as to which the debtors do not believe that they have any colorable causes of action under applicable law. Accordingly, the debtors believe it is fair and appropriate to permit customers to withdraw those cryptocurrency assets at this time. According to the data, around 65,000 users have Custody and Withhold Accounts. The accounts supposedly are worth around $225 million. However, after selecting users that meet the above-mentioned requirement, it turns out that Celsius will be returning only around 20% of funds held in Custody and Withhold Accounts. Celsius filing comes just a day after, on August 31st, a group of 64 custodial-account owners asked the Bankruptcy Court for the Southern District of New York to obligate Celsius to renew withdrawals from custodial accounts. The Celsius filing hearing will take place on October 6th.

by Aaron S. - Expert Reviewer, BitDegree

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At the time, when users were unsure about which is the best wallet to secure their crypto assets, it started with the idea of offering the safest platform to store their cryptocurrency assets. After serving the users for over a few years, Klever ventured out to become a complete blockchain ecosystem where users don’t have […]

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California is one step closer to passing a crypto regulation law. California State Assembly, the lower house of the California State Legislature, has unanimously agreed upon Digital Asset Financial Law. On August 30th, the Digital Asset Financial Law, also known as AB 2269, was sent to state governor Gavin Newsom, who will decide what to do with this law.

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The bill notes that every crypto exchange that wants to operate in the state would have to gain California's Department of Financial Protection and Innovation approval. If the company fails to comply with regulations, it could receive a penalty of up to $100,000 “for each day of violation.” If the bill gets approved by the state's governor, it will go into effect on January 1st, 2025. Tim Grayson, California’s States Assembly member who introduced the bill, shared his excitement on Twitter.

On June 7th, Grayson shared a press release summarizing why this law is necessary for the Californian crypto market. At that time, Tim Grayson noted that new crypto regulations create a safe environment for all investors. While the newness of cryptocurrency is part of what makes investing exciting, it also makes it riskier for consumers because cryptocurrency businesses are not adequately regulated and do not have to follow many of the same rules that apply to everyone else. This bill will provide consumers basic but necessary protections and will promote a healthy cryptocurrency market by making it safer for everyone. However, some crypto industry advocates are not happy about this bill. The Blockchain Association said that the bill “creates shortsighted and unhelpful restrictions that would impede crypto innovators’ ability to operate and push many out of the state.” Currently, the crypto industry in California is regulated by the Money Transmission Act. According to this act, businesses involved with money transmissions cannot operate if they do not have a license from the Commissioner of Financial Protection and Innovation.

by Aaron S. - Expert Reviewer, BitDegree

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After the success with Super Bowl LVI NFTs, Ticketmaster is set to allow all event organizers to use this feature. Ticketmaster, Beverly Hills-based ticket sales and distribution company, join forces with Dapper Labs’ Flow blockchain to allow organizers to launch event-themed NFTs. According to the press release shared by Dapper Labs on August 31st, the NFT tickets will not replace the actual tickets used to enter events. However, it can be used as proof of attendance or as a commemorative item.

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Based on the information, Live Nation’s subsidiary Ticketmaster has decided to use Flow blockchain to launch event-themed NFTs due to its eco-friendliness. The company claims that using Flow to create NFT uses less energy than launching a Google search or sharing a post on Instagram. The Ticketmaster highlighted that organizers can issue these NFTs before, during, and after the event. On top of that, by having an NFT, customers may be eligible for loyalty rewards and VIP engagement opportunities, such as exclusive meet-and-greets. Ticketmaster’s executive vice president of Enterprise & Revenue, Brendan Lynch, noted: Event organisers who choose to offer fans an NFT with their ticket have a real opportunity to make this new technology relevant and relatable at scale. This is why we are partnering with Flow, because their blockchain is custom-built for fan engagement and frictionless consumer experiences. Dapper Labs' senior vice president for Partnerships, Mickey Mather, emphasized that NFTs will add great value to customers’ experience. Our partnership with Ticketmaster will enable millions of live event fans to immortalise, share and enhance their IRL experiences through digital collectibles. Previously, Ticketmaster had partnered with Flow blockchain to mint 70,000 virtual Super Bowl LVI commemorative NFT tickets. Since that time, Ticketmaster has minted over five million NFTs. Its clients included The Black Crowes, Apollo Theatre, Sebastian Maniscalco, and Gavin DeGraw. According to Dapper Labs' announcement, National Football League (NFT) plans to offer Flow minter NFTs to every attendant in over 100 games.

by Aaron S. - Expert Reviewer, BitDegree

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Another luxury brand aims to start its journey in the crypto world. Hermès, a French luxury design house established in 1837, has reportedly filed a trademark application to provide crypto-related services. According to the tweet shared by the United States Patent and Trademark Office (USPTO) licensed trademark attorney Mike Kondoudis, the luxury company aims to expand in providing crypto, non-fungible tokens (NFTs), and metaverse goods and services.

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Hermès filed the application on August 26th at the United States Patent and Trademark Office (USPTO). The filing states that the company aims to issue “downloadable computer software for trading, viewing, storing and/or managing virtual goods, digital collectibles, cryptocurrencies and non-fungible tokens (NFTs).” Based on the filing, the company aims to launch a platform where customers will be able to buy or sell their non-fungible tokens (NFTs). Moreover, Hermès plans to roll out fashion shows and exhibitions in the metaverse. The trademark filing notes that the luxury brand aims to provide financial and authentication services. It may suggest that, at some point, Hermès will allow users to pay for their goods using cryptocurrencies. It is worth noting that, on August 29th, the same USPTO licensed trademark attorney announced Formula One’s filing for two trademarks related to crypto and non-fungible tokens (NFTs). Luxury brands are more and more interested in crypto-related services. At the end of July, Tiffany & Co launched its first NFT collection exclusively to CryptoPunk holders called NFTiff. After purchasing the NFT, CryptoPunk owners receive an exclusive Tiffany & Co pendant designed according to the owned non-fungible token. Earlier this year, Gucci released two NFT collections, “SUPERGUCCI” and “Gucci Grail”.

by Aaron S. - Expert Reviewer, BitDegree