Klever Finance $KFI

Klever Finance is a revolutionary project in the world of decentralized finance (DeFi) that focuses on community governance, decentralization, and financial innovation. Its native token, Klever Finance Token (KFI), serves as the governance token for the Klever Blockchain and is instrumental in propelling key functionalities of the blockchain ecosystem.

The Role of Klever Finance Token (KFI)

The Klever Finance Token (KFI) enables holders to exercise substantial control and key responsibilities over the functioning of the Klever Blockchain. The stakeholders wield full authority over the protocol configuration of the apps, including aspects such as application fees and functional capabilities. They also have the approval authority for new apps, courtesy of an on-chain voting system.

Main Utility Tokens of Klever Blockchain

Within the Klever Blockchain, two tokens hold significant importance - KLV and KFI. KLV acts as the main utility token, used for transaction gas and energy usage, while KFI is the governance token. The main goal of KFI is to empower a globally distributed community to bring forth innovation in peer-to-peer (p2p) technologies and foster the development of decentralized finance products and services.

Usage of KFI on Klever Blockchain

KFI holders will have the ability to utilize their tokens on the Klever Blockchain for various purposes. These include voting for new app proposals, modifications in existing apps, and new project endorsements. Moreover, they can earn network rewards by participating in the governance of the blockchain.

Mining of KFI

KLV holders worldwide will have the opportunity to mine KFI by contributing KLV to daily mining pools. Any KLV utilized for KFI mining will be permanently removed from KLV's circulating supply. Only 150,000 KFIs will initially be mined, highlighting the token's scarcity.

Supply of KFI

The maximum supply of KFI is capped at 1,000,000 tokens, which will be created through a halving process. This minting process will be autonomously carried out and is estimated to take 20 years to complete, thus emphasizing the token's long-term value and scarcity.