X Layer network
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Today | $0.0031507 | +7.23% |
7 days | -$0.00668 | -12.52% |
30 days | -$0.02360 | -33.58% |
3 months | -$0.05662 | -54.81% |
The crypto industry's primary objective is to create Web3, a decentralized version of the Internet built on blockchain technology. However, current blockchains, mainly first and second-generation ones like Bitcoin (BTC) and Ethereum (ETH), face isolation and limited interoperability challenges. To realize the Web3 vision, achieving blockchain interoperability is essential. Projects like Clover Finance (CLV) have emerged to address this need.
Clover Finance is a Polkadot parachain with full interoperability with the Ethereum Virtual Machine (EVM). It aims to enhance cross-chain interoperability and user experience in the decentralized finance (DeFi) sector by providing user-friendly blockchain infrastructure. Its versatile design also makes it a suitable framework for Substrate-based applications. While Clover was founded in May 2020, its mainnet was launched in July 2021, marking a significant milestone for the project.
The Clover Finance team is led by co-founders Norelle Ng, Viven Kirby, and Burak Keçeli. Ng, the operations lead, previously served as an advisor for Bithumb Global and has extensive experience in human-computer interaction.
Kirby, the project lead, brings his expertise as an experienced enterprise resource planner, having worked as a Microsoft Dynamics Architect at AXSource before co-founding Clover. Keçeli is responsible for the tech aspect of Clover Finance and is a renowned computer programmer credited with creating MBO Games and Staqq.
Clover Finance operates as a versatile and comprehensive blockchain operating system, providing a range of services within its network. It comprises multiple layers: a storage layer, a DeFi protocol layer, a smart contract layer, and an external application (eApp) layer. One of its key features is the full-service cross-chain DeFi bridge, enabling seamless interoperability between blockchains. The platform caters to users of all levels of expertise, making it accessible to DeFi experts and newcomers alike.
CLV is the native cryptocurrency of Clover Finance, introduced in July 2021. CLV has no capped issuance, unlike some tokens with a fixed maximum supply. The total supply of CLV tokens amounts to 1 billion, with a circulating supply of approximately 583.3 million CLV tokens.
CLV, Clover's native cryptocurrency, serves multiple use cases within the ecosystem. Firstly, it is utilized for nominating node validators, ensuring the security and reliability of the network. Additionally, CLV holders can actively engage in the protocol's governance, giving them a say in important decisions and upgrades. Beyond governance, the token can be used for standard trading activities, enabling users to buy, sell, and exchange CLV on various cryptocurrency exchanges.
CLV is distributed as follows:
Blockchain technology is rapidly revolutionizing various industries, offering improved efficiency and unlocking new possibilities. As the technology of the future, blockchain must establish Web3, enhancing communication, data transfer, and storage capabilities.
However, a significant challenge lies in the isolated nature of most blockchains, each operating within its own system. This is where projects like Clover Finance step in, presenting a revolutionary paradigm to bridge the gap between different blockchain systems. Clover Finance aims to connect and unify the blockchain landscape by enabling interoperability, fostering a more cohesive and connected decentralized future.
Clover Finance is a Polkadot parachain fully compatible with the Ethereum Virtual Machine (EVM). Its primary objective is to enhance cross-chain interoperability and elevate the user experience within the blockchain space.
Holding CLV tokens comes with several benefits within the Clover Finance ecosystem. Users can earn additional CLV tokens through staking on the platform, participating in the network's governance, and nominating node validators.
Furthermore, Clover Finance is a versatile blockchain operating system, providing a wide range of decentralized finance (DeFi) and cross-chain interoperability solutions, which can enhance the overall blockchain experience for token holders.
Easily buy CLV tokens on the OKX cryptocurrency platform. An available trading pair in the OKX spot trading terminal is CLV/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for CLV with zero fees and no price slippage by using OKX Convert.