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 Exchange
Once 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’
