What is CLV token?
CLV is the native token of Clover Finance blockchain.
What is the CLV token used for?
- Transaction fees (Can be paid on CLV or other tokens)
- Validators – Staking CLV to validate transactions
- Nomination – Users stake CLV to nominate validators
- Treasury – Fund projects
- Governance – Lock tokens to elect council and vote
What is Clover Finance?
Clover is a complete platform for cross-chain interoperability, and a parachain on Polkadot.
How does Clover Finance work?
Clover Finance is an EVM (Ethereum Virtual Machine) compatible blockchain using the Clover EVM.
Clover will feature a seamless multichain experience with Bitcoin, Ethereum, BSC and Polkadot. Where users can search transactions and accounts in one environment.
Clover shares a percentage of transaction fees with developers on the network. Whenever a smart contract is called:
- 40% of tx fees will be sent to the smart contract owner
- 60% to miner
Gasless for users
Clovers smart relayer can cover transaction fees in the token the users is transacting in. The transaction fee is just deducted from the token amount and the user doesn’t need to hold CLV.
- Users with few transactions pay more gas
- Users with many frequent transactions pay less over time.
- Binance Smart Chain
On Polkadot projects bid for a parachain slot by locking DOT tokens in a crowdloan.
- (200 000 000/Total DOT Contributions) = CLV rewards
Example: If total contributions are 8,000,000 a user receives 25 CLV/DOT.
- 28% – Unlocked
- 72% – Unlocked over 23 months.
Minted supply: 1 000 000 000 tokens
- 15% – Public Sale (40 days /6 mo / 12 mo vesting)
- 2,5% – Private sale (18 mo vesting)
- 10% – Early backers (36 mo vesting)
- 10% – Team (36 mo vesting)
- 7,5% – Marketing (36 mo vesting)
- 20% – Ecosystem Incentive (36 mo vesting)
- 20% – Parachain (24 mo vesting)
- 12% – Foundation (36 mo vesting)
- 3% – Contributors Grant (36 mo vesting)