This has influenced how the community members interact with each other in a very special way.
KleverChain which is a Proof of Stake (PoS) consensus mechanism, has a lot of ways it rewards the community and investors.
In addition to the staking rewards associated with the KleverChain, there are also delegation rewards.
What are delegation rewards?
When you stake your KLV tokens, you will earn staking rewards starting from the next epoch. You can also delegate your staked KLV to a validator and earn delegation rewards.
The validators are nodes created within the network to help keep the network stable and secure. Interestingly, KleverChain validators have grown in their numbers in an exponential number.
Note, if you would like to delegate your KLV to several validators, then you have to split your KLV in buckets and stake several times, a bucket at a time. You can delegate your KLV inside the K5 Wallet as follows.
How to delegate your KLV in the Klever Wallet, K5?
Step 1: Inside the KLV account, tap on the STAKE icon. Then, in the staking page, tap on the manage buckets button and choose a bucket to delegate.
Step 2: In the next screen, tap on the Delegate button. Then, choose a validator from the list and tap on the Delegate button.
Step 3: In the next screen, you will see the details of the delegation transaction. Tap on the Confirm button, then input the PIN code or your Biometrics to sign the transaction.
You have successfully delegated your KLV to a validator node. Your rewards would be automatically credited to your rewards within the wallet for you to claim immediately after each epoch.