Discover exclusive insights into the latest advancements of the Klever network and witness the remarkable expansion of their operations.

      What is Klever and what does it hope to accomplish for Web3?

      Klever is a low-code blockchain ecosystem designed to empower businesses and individuals to unlock the full potential of the decentralized economy and harness the power of blockchain technology. Its main goal is to simplify the creation and deployment of decentralized applications, enabling users to access decentralized finance opportunities with ease.

      What are the differentiating features of Klever and how does it differ from other projects with a similar mission?

      Klever has several distinguishing features that set it apart from other similar projects. Its low-code development approach makes it user-friendly, allowing anyone to create and deploy decentralized apps, NFTs, and digital assets without needing technical expertise. 

      Its platform offers cost-effective transactions with low fees, advanced security through multi-signatures, a framework for creating decentralized solutions using pre-built smart contract templates and modules, and a powerful NFT royalties system that enables creators to earn on the sale and resale of digital assets.
      Additionally, it provides a staking system for supporting the network, a feature for creating secure and reliable NFT marketplaces, and browser-based development tools

      For non-crypto natives, what does Klever plan to bring to the user experience of crypto, and what will be its main applications?

      For non-crypto natives, Klever aims to provide a simple and accessible entry point into the world of decentralized finance. Through its low-code approach, anyone can create and deploy NFTs and digital assets on Klever Blockchain (KleverChain), regardless of technical expertise. Its main applications can be found in a variety of sectors, including supply chain management, financial transactions, identity verification, healthcare, government services, real estate, voting, charity, energy, and entertainment, among others.

      What parts of the Klever roadmap is the team most excited for?

      The Klever team has been working diligently on their roadmap and they’re particularly excited about the upcoming milestones. As of Q1 2023, they have successfully released Klever Wallet v5.0 for iOS, Android, and Chrome, and launched Klever Swap v2.0. In Q2 2023, they are anticipating the upgrade to Klever Blockchain v1.5.

      Towards the end of 2023, the team is excited about the Klever Hackathon and the introduction of the Klever Wallet Multisig feature. These activities showcase their commitment to community engagement and security enhancement, respectively.

      In Q1 2024, the roadmap outlines two major events that have the team thrilled: the Klever Developer Conference and the Klever Developer Rewards. These will promote the creation and reward of innovative solutions within the Klever ecosystem. The Klever Launch Day is also anticipated, marking a significant milestone for the team, although details about this event are yet to be disclosed.

      What are the biggest challenges that Klever currently faces, and how is the team addressing them?

      We’re still in a development phase and when the bear market hit we felt it like all crypto projects, but we’ve adjusted accordingly and streamlined our operations for success.

      In your opinion, where do you see Klever in 5 years and how will it look when it becomes widely adopted?

      Klever aims to be a significant player in the decentralized economy in the future, providing a user-friendly ecosystem of blockchain products like Klever Wallet, Klever Extension, KleverChain and more for individuals and businesses to create and manage decentralized applications and assets.

      How does the Klever staking mechanism differ from other blockchains?

      Klever’s staking mechanism involves a robust system where participants can lock up KLV tokens and earn rewards by delegating their KLV to a validator that is validating transactions and securing the network. To become a validator (or a masternode), a user must apply as a candidate and meet certain requirements, such as holding a minimum of 1,500,000 KLV in self-staking and reaching a threshold of 10,000,000 KLV through self-staking plus delegated-staking.

      What is the primary purpose of the Klever token and why should users stake it on Klever?

      The primary purpose of the Klever token, or KLV, is to support the network by participating in staking. Users are incentivized to stake KLV on KleverChain because staking rewards are given to masternodes when transactions are confirmed by their blockchain nodes. The block reward includes a portion of the fee paid by users and an additional amount of KLV. KLV is also used to cover transaction fees.

      Apart from normal staking rewards, what other benefits can users expect from staking Klever on Klever?

      Apart from normal staking rewards, masternode owners can set a commission fee for the delegated-staking on their node. Moreover, all parameters can be adjusted by on-chain proposals, allowing for flexibility and adaptability in the system.

      What is the process for becoming a validator on Klever, and what requirements are necessary to participate in staking?

      To become a validator on Klever, a user must apply as a candidate. A fee of 50,000 KLV will be charged and burned in the masternode application process. The masternode candidate on Klever Finance Blockchain must hold a minimum of 1,500,000 KLV in self-staking to be considered active. To become an eligible masternode for consensus and producing blocks, the node must reach the threshold of 10,000,000 KLV through self-staking plus delegated-staking.

      What are some killer use cases that Klever has enabled? Exchange is a user-friendly cryptocurrency trading platform designed by a group of Klever technology experts, specializing in blockchain solutions. The exchange is designed with a focus on simplicity, speed, security, and accessibility, aiming to make digital asset trading and staking straightforward for both novice and experienced traders.

      The platform supports a wide range of cryptocurrencies and offers advanced features like real-time market data and analytical tools.

      How does Klever onboard traditional businesses into Web3?

      As a company, Klever wants to make it possible for everyone to manage their balance in our non custodial Klever Wallet themselves, without anyone else having access to it. The Klever Wallet supports KLV and many other popular coins. In addition Klever provides its own blockchain, which has already integrated the most important functions, resulting in higher security than with other blockchains, particularly with regard to avoiding security gaps in smart contracts.

      Our branded websites and social media platforms are used to onboard clients, we also have a Slack Developer community specifically designed to assist and help developers integrate with KleverChain.

      Are there any exciting updates, announcements, or partnerships coming up in the immediate future that you can disclose today?

      All under lock and key and many NDAs unfortunately, but they coming for sure. 

      Where is the best place for the community to interact with you? 

      Our social platforms and support channels are perfect, here’s the list:

      Why is Staking Rewards the best integration for your project?

      Staking Rewards is a central information hub and leading data aggregator for the crypto staking industry. They provide insights and investment tools for private and institutional investors through unbiased & live staking market data, simplifying portfolio & calculator tools, and deep research analysis about the staking industry. Does not get better than this!

      About The Author

      Kilian Boshoff

      is purpose-driven, he loves researching and figuring out how technology can drive change in the world we live in. He is an avid crypto trader and spends his free time deep-diving into different projects on his YouTube channel. Kilian is currently on a mission to pioneer the institutional adoption of digital assets in his home country, South Africa.