The crypto industry is on its way toward greater levels of adoption. We see it every day, with new partnerships with traditional companies, new businesses going crypto by integrating various crypto and blockchain solutions, and new reports of institutional investors’ involvement.
At the time of writing, two countries have adopted Bitcoin as legal tender, with the first one being El Salvador in late 2021, and the second one being Central African Republic in late April 2022. This will only encourage more struggling nations out there to do the same, and before long, developed nations will have to follow.
Of course, increased adoption means that more people will enter the industry, and that means that the industry needs to be simple enough for anyone to be able to use it. There has already been a lot of work towards simplifying the crypto sector over the years, and today, it is truly easier than ever to enter the industry. With that said, platforms that offer simple but numerous and diverse solutions have historically seen the best performance, and since Klever Exchange is dedicated to doing just that, we decided to present this project today and see what it has to offer.
How Does Klever (KLV) Work?
Klever is a cryptocurrency project that offers several major products and solutions, including a wallet, an exchange, an OS and a development platform. In 2021, the project also got its own Klever Bank, and all of these products are powered by its native token, KLV.
Generally, the project is a simple, versatile, and secure self-custody wallet, primarily. It aims to simplify access and usage of digital currencies as much as possible, which is pushing adoption as a result. It also supports some of the world’s largest blockchains, features hundreds of trading pairs, and it allows direct access to dApps based on Ethereum, Tron, and other major development platforms.
What Problems Does Klever (KLV) Solve?
Let’s start by talking about the problems that Klever aims to solve, and what solutions does it have to offer. The platform tackles several major problems in crypto, which includes:
Self-custody wallet
The first of the problems that Klever is addressing is the problem of wallets. You see, when it comes to centralized exchanges, they have their native custody wallets, meaning that they hold the private keys, and they are the ones who actually hold and maintain your money – at least until you withdraw it to a private wallet.
Decentralized exchanges, on the other hand, allow you to use their platform for trading without depositing funds first. You trade them directly from your private, self-custody wallet. Klever does this also, offering a self-custody wallet to its users and giving them the means to be in charge of their own money at all times.
Ease of use
Next, the platform is tackling the issue that concerns ease of use. We mentioned this already, but essentially, the point is that the crypto industry has to be simple to use in order to see usage and reach mass adoption. The benefits of crypto are great, but that matters little if regular people who do not have experience with tech and who don’t understand it cannot find their way around it.
This is why the project ensured that its UI will be simple and intuitive. That way, you can arrive at its platform, and even if it is your first time on any crypto-related platform – you will be able to use it right away, without having to learn any difficult process or mechanism.
Crypto security
Klever also understands that users need to feel secure on its platform in order to feel comfortable enough to trust it with trades, which is partially a reason why it offers true self-custody and secure ownership. When it comes to security itself, it is ensured by the fact that the platform was built on top of Klever OS, which uses advanced security mechanisms to protect private keys and funds.
These are military-grade systems for encryption that are also offered to any developer on the network, but the unique security aspect is that the encryption happens locally, inside the users’ devices, so all data that leaves their devices and goes into the system is already fully encrypted and protected. As such, it cannot be intercepted and decyphered along the way.
Low fees
Finally, the platform understands that users have had enough of expensive transfer fees, and that cheap transactions are one of the bigger reasons why people turn to cryptocurrencies, especially businesses that constantly make transactions. With that said, it ensures that its transaction fees will always be minimal, and the same is true for any limitations that the platform has to enforce.
Benefits of Klever (KLV)
Now, let’s talk about some of the more direct benefits that you stand to gain by using this platform and its token. Those include things like:
A suite of products and solutions
The Klever ecosystem offers four main products — Klever OS, Klever App, Klever Exchange, and Klever Labs. Klever OS is a groundbreaking wallet OS that allows developers of all platforms to run smart and secure wallets inside their apps, servers, cloud, hardware, pen drives, smartphones and other mobile devices, and more. On Klever app, the project is building an ecosystem where its users can access countless useful services and products which are limited in other wallets.
Then, there is Klever Exchange, whose leading feature is the cryptocurrency swap, which allows users to directly swap one cryptocurrency for another. Lastly, we have Klever Labs, which is a place for the development of new projects. Each project developed by Klever Labs will be crowdfunded with KLV, the project’s native cryptocurrency.
Hundreds of trading pairs
The project can offer hundreds of trading pairs, which it added over the years in order to become a competitive platform where users can find whatever trading pairs they are looking for.
Access to multiple blockchains and their dApps
Lastly, Klever is an interoperable project that supports some of the world’s major blockchains. This includes Bitcoin, Ethereum, Tron, Binance, Ripple, Litecoin, DigiByte, Dogecoin, Dash, Bitcoin Cash, and more. Plus, users can use local dApps on any supported blockchain that acts as a development platform.
Bottom Line
Klever is one of the most intuitive wallets and exchanges in the crypto industry, which makes it a perfect project for new crypto adopters to enter the industry and learn the basics in a user-friendly way. It ensures security and ease of use, interoperability, and plenty of trading pairs for users who wish to diversify their portfolios. We believe that the project has great potential for the future, and as such, it might be worth looking into it.
