In case you missed Klever’s live AMA in our main telegram channel on August 27th, here is the full transcript. Dio discussed the August 28th official launch of Klever App, KLV token use cases, Klever Swap and Exchange, Klever OS, Klever Labs, the newly revealed Klever Bank and much more.
1. Firstly Dio, can you tell us a little about yourself, your background and the team behind Klever?
First of all, I would like to thank everyone here and our amazing community throughout the world, I love you and truly appreciate all of you. My name is Diogenes Ianakiara and my friends call me Dio. I’m 35 years old and am from Brazil. Today I live in Santa Catarina State in Brazil and I’m a father of a 7 years old little princess.
My background is in software engineer and software architecture.
Klever is a team of 50+ people that are experts in their respective fields. We are working together for more than 10 years and have people from literally every corner of the globe. From Canada, Brazil, the United States, Israel, Ukraine, Korea, Germany, Iran, Japan, India and more, we are there.
I’m proud to say that the Klever Team is the most amazing group of people I’ve ever worked with. They are the real machines that want to build and shape the world of crypto. We are passionate about our mission and we are creating the change we want to see. We will not stop until we create the simple and powerful bridge to onboard hundreds of millions of new crypto users and holders into the decentralized economy.
2. What is Klever?
Klever is a cryptocurrency platform designed to solve two big issues in crypto today. The crypto security problem and the user experience problem. We need a safe and smart bridge to connect the fiat and crypto worlds, and that bridge we call Klever.
Today, Klever is used to save users secrets, money and time. Tomorrow, it will enable users to become their own bank and small business to become independent from greedy middlemen who today take the lion share of their hard earned revenue.
Klever uses blockchain to empower the user with real and meaningful tools to handle their money in a p2p manner, creating real value for them and helping them to achieve personal financial freedom. Through a purposefully connected and deep relationship with our user base that today is active in 193 countries throughout the world, we aim to create a distinguished brand and reputation in the cryptocurrency market and blockchain industry.
Klever is composed of 4 elements:
Today we decided to reveal the 5th element: The Klever Bank.
Klever Bank is the result of extensive research to bring mass adoption to the crypto world. We want to bring the user the best experience possible, and creating a local bank that can safely hold your crypto makes a lot of sense to us. Klever Bank enables people that don’t know anything about crypto to participate in this new economy in a safer and simpler way.
To start this plan we have found a reliable and reputable partner in a new bank in Brazil to validate the model and services provided.
We are therefore happy to announce that we are partnering with a pioneering bank that will support our operations to offer pre-paid credit cards and digital bank accounts. Our goal is to move quickly to expand the products and services of Klever Bank to more countries beyond the borders of Brazil in the coming months. We see the model behind Klever Bank as a game changer for the entire crypto industry.
3. What is the KLV token and what are its use cases?
You can use KLV coin on our platforms for:
• Pay transaction fees
• Pay exchange fees
• Pay Swap fees
• Pay Network fees
• Reduce exchange fees
• Reduce Swap fees
• Make p2p payments
• Buy VIP token
• Participate in new projects through crowdfunding
KLV is the fuel that powers all our platforms from Klever App, Klever OS, Clever Swap & Exchange and all future Klever Labs projects, since we believe in the notion of creating one utility token for countless use cases. The philosophy makes for a very powerful model of KLV tokenomics.
4. What is Klever Staking for 16% APR, and how does it reward the user and benefit the Klever project itself?
The Staking goal is to reward users that are freezing KLV to support the project. Currently there is more than 900 million KLV staked by our holders, making for roughly one third of the entire circulating supply, which speaks volume of how much support we have received from our amazing community following the announcement of Klever.
5. What will be the benefit of Staking KLV? How many KLV will I get annually for Staking and freezing 1,000,000 KLV?
If you stake 1m KLV during the first 30 days of Klever launch, and keep it frozen and staked for one whole year, you will earn 160k KLV in interest. APR will vary every year, and decrease annually.
6. What makes holding KLV special apart from Staking?
You are helping improve the entire Klever ecosystem, making it strong, secure and reliable. Additionally, KLV’s use cases will go far beyond today’s use cases mentioned in the third question above, as the KLV token will be the essential building block to all our future projects.
7. What is Klever Swap, how does it work?
Klever Swap is a major feature and use case for Klever and its ecosystem of apps. Our Swap enables Klever users to directly swap one coin or token to another, from one blockchain to another (e.g. BTC to TRX or ETH) with high security, full privacy and unrivaled speed.
The aim behind the Swap is to make it simpler, faster and more convenient for our users to exchange cryptocurrencies. By monitoring live price action on top-tier exchanges, our Swap engine creates a price index that is used by the Swap. When a user goes to the Swap screen on the Klever app, they will see the default Swap pair from BTC (BTC) to USDT (USDT). The user can then make a quote to check the price prediction offer, select a new token pair to quote, as well as type the amount he/she wants to swap.
The swap itself is conducted by fully autonomous bots, built in-house, which continuously seek the best exchange rate and prices among the top exchanges, and then execute the Swap with high precision, security and speed. Klever Swap project is part of Klever Exchange.
8. What role does the KLV token play in the current Klever Swap and future Klever Exchange?
When you use KLV you are ensuring many things:
- Reduce Swap fees with 25%.
- Progressive discounts based on the amount of KLV you hold in your wallet when swapping.
- KLV routes your transactions to our best servers.
- You assist in making the Klever Ecosystem stronger.
9. How much cheaper are the fees on swapping or buying/selling crypto in the Klever App compared to Changelly and other wallets that use 3d party swap features?
Klever charges competitive industry standard fees while offering progressive discounts if you use KLV token to pay fees. When you use KLV you will have discounted fees.
10. Are there any plans that the KLV token can become a DeFi token?
We are evaluating more use cases for KLV and DeFi is for sure one of those cases. For us, decentralized finance, or DeFi as it’s know to the public, is exactly what Klever is all about. So add we expand our ecosystem of products and services, DeFi will surely be part of those plans.
11. What are the exchanges Klever is planning to list KLV on?
We are speaking with and being approached by many top-tier exchanges to list KLV, but unfortunately due to signed NDAs, we cannot reveal anything at this time.
12. What is Klever OS and what sets it apart from other wallet operating systems in terms of security, speed and flexibility?
The Klever App and the entire Klever Ecosystem is built on a groundbreaking new underlying technology called Klever Operating System (OS). Klever OS completely redefines wallet security, by adding another layer of advanced and encrypted security mechanisms to all Klever products, services and platforms.
Meanwhile, Klever OS enables any developer to integrate a blockchain wallet seamlessly into their own application, thereby being able run a smart and secure wallet inside their apps, clouds, servers, hardware, smartphones, mobile devices and wearables.
Klever OS, built entirely in-house by our own developers and engineers with over 100,000 accumulated hours of research and development, rethinks and rebuilds the core wallet system to replace today’s crypto wallet solutions, and bring to the user advanced security on an entirely new level.
In other words, Klever OS is essentially a state of the art wallet management system. We have reimagined how the security is maintained inside apps and created a bridge that makes easy blockchain integrations and deployments of decentralized apps.
13. Can you elaborate on Klever OS specifically for developers to implement crypto wallets into their applications?
Klever OS has an SDK (Software Development Kit) that provides all necessary features to start building interoperable blockchain apps.
Klever OS also integrates with Klever API’s to make accessible blockchain information like blocks, transactions, parsers, swaps, exchanges, prices, balances, formats, and wallets operations across several blockchains.
14. What is Klever Labs, and when will the first Klever Labs project be launched?
Klever Labs is one of the most interesting platforms we are working on, which is set to launch in Q3 of 2020.
In order to develop superior solutions and apps we draw expertise from our own experience of many years of blockchain and software architecture development. We will field and introduce major groundbreaking projects that bring simple and accessible solutions to the wallet and other Klever apps; products that are the result of creativity, extensive research and an excellent team that has honed its skills over the past decade. The result will be innovation with usability and purpose.
The first project being developed by Klever Labs is a reimagining of today’s web browsers, which we call Klever Browser.
15. When a user downloads the new Klever App, what is the process to move their funds and restore their accounts from TronWallet? Do they need to unfreeze and move their staked coins?
All a TronWallet user needs to do to restore their accounts from TronWallet to Klever, is to input their 12 words seed in Klever when opening the app. If the user also manually imported any accounts using private keys in TronWallet, they simply do the same in Klever.
We will also release a short video tutorial showing the simple migration from TronWallet to Klever, so stay tuned.
16. Can we have some insight about how the Klever App and Klever Ecosystem will help developers and non-developers alike?
Klever OS’ main goal is to offer a single software development kit that securely manages your crypto wallets and offer interoperability between many blockchains. With more developers creating solutions using Klever OS we will have an immensely larger user base worldwide, and hence much more volume on swaps and exchanges.
Why would a user choose to use Klever App over other crypto wallets?
I think the user should be free to choose. If he is not comfortable with their current wallets they have a choice to try Klever and vice versa. The Klever App differential is that we are here for a long time constantly listening to our community and users on a daily basis. With that knowledge we prioritize the users’ needs over our own feature backlog.
17. Why is all of a sudden Justin Sun tweeting a lot about Klever, and what’s your relationship with the Tron Foundation?
I think this is a question you may ask him. We are not related to Tron Foundation or Justin Sun. Today we do run Tron nodes as Super Representatives and validators.
18. Would you ever consider selling your project if some large corporation makes a move on you?
I think it’s too soon. TronWallet app reached many goals in 2020, from July 1st to August 31 we welcomed more than 510k new users, totalling 755k users globally. Meanwhile, we now have over 260k daily active users, yielding DeFi operations from 10k USD on July 1st to 800k USD on August 27th in daily volume.
This has helped us to extend our market leadership despite the aggressive competition and big players investments. We still have many inventions to build and we are determined to do so.
19. What’s the long term goal of the Klever Ecosystem?
Our decisions have consistently reflected our focus in the long term view to increase the value of the KLV and TWLT tokens, and because of this emphasis, we may take decisions and tradeoffs very differently than most other companies.
We will make bold decisions when we see sufficient chances to move forward with our long term goals and innovations. Some of these decisions will pay off, others will not, and we will have learned many valuable lessons. There’s no success without failure, there’s no success without mistakes.
20. Finally for the last question, what are you most excited about right now and what excites you the most about the Klever Ecosystem as a whole?
I feel safer with Klever. There’s an ocean of opportunities in the crypto space and I feel that at Klever we have the right team, the right people, people that are humble and ready to make a big difference. We are always raising the bar for ourselves. The kaizen thinking lets us explore the unknown and bring new solutions for old problems, Klever culture let our inventions born and that positively changed the way we think and use money.