3 Reasons Why You Should Keep An Eye On Klever (KLV)

I first came across the Klever coin (KLV) about this time last year in a paid Telegram group. With the hype building around the project at the time, I decided to buy some coins and the journey down the rabbit hole began. At first, as one would expect with most novel projects, many were very skeptical about KLV at the beginning. And this resulted to massive sell offs in the early days that left the price of the token in the mud for several months.

But the Klever team remained resolute and kept to the roadmap, which recently paid off. KLV was rediscovered and the price rose from $0.0034 in December last year to a peak of $0.166 before it settled in the current $0.10 price range. In this article, I look at the reasons why you might consider adding KLV to your portfolio. But before I do that, permit me to very briskly describe the project. Here is how Coingecko.com puts it,

Klever app is a simple, secure p2p crypto wallet for blockchain with support for Bitcoin (BTC), TRON (TRX), Ethereum(ETH), and other top tokens, coins, and cryptocurrency assets.

Klever uses advanced security mechanisms that completely protect the user’s private keys, and makes private keys and sensitive data available only on the user’s specific device, utilizing the latest military-grade technology for encryption. This means you truly own and control your Bitcoin, TRX, and other crypto and TRX tokens. No third party, including Klever, can access your private keys or restrict any transaction the user decides to make. Transactions of coins and tokens are direct, safe, secure, and fast, and are instantly recorded on the blockchain.

Klever support for p2p Bitcoin (BTC) uses SegWit technology, which means the transfer of coins is faster and more secure in the wallet.

Klever Features:

• Full Privacy: No personal information is required, there is no login or sign up
• The all-in-one wallet mobile app for blockchain and cryptocurrency
• Industry-leading in-app support and help center
• No fees - Yes, that’s right - send and receive is free
• A simple and easy to use user interface allows for a fast and intuitive experience
• Your keys are yours and PRIVATE to you alone - YOU truly own your crypto
• Fully decentralized p2p wallet and gateway to the digital decentralized economy
• Optimized push notifications allow for immediate notifications once transactions are processed
• The most secure and trusted source to hold digital money in a mobile device
• Integration with QR codes enabled quick scanner/reader
• Transaction history for Bitcoin and other popular cryptos
• Unlock the app and access all functionalities with safer security mechanism like Face ID and fingerprint.

Now, let us go to the reasons:

1. KLV has Massive Utility

KLV is the token that will power the entire Klever ecosystem which consist of an in-built crypto wallet, decentralized exchange (DEX), a centralized exchange (CEX), a bank, Browser etc. KLV can also be staked in the Klever app in order to earn some rewards per annum, a kind of DeFi service. Each and every of these platforms will need some KLV tokens for the necessary interactions. This is expected to create a huge demand for the KLV token which will in turn drive its price up.

2. 629 Million KLV Was Burnt Recently

In what arguably went down as the largest token burn in the history of cryptocurrency, the Klever team recently burnt 629 million KLV tokens which were valued at $77m at the time. These massive numbers of tokens were burnt in the mining of KFI, the governance token of the soon-to-released Klever blockchain, which will see the Klever project migrate from the Tron blockcahin.

If the economics of token burns were anything to be considered, we can expect that the event will result to a significant cut in the supply of KLV with price likely to go up if demand remains at least constant. If everything goes right, KLV might reach the $0.50 price mark soonest.

3. The Klever Team

So far, the Klever team has been up and doing, dedicated to duties and delivering on their promises to the Klever community. There is a clear roadmap that is being followed meticulously. The Klever blockchain is expected to go live very soon while the Klever bank, browser, etc are expected to be delivered later this year.

With such a dedicated and leadership-oriented leadership, KLV is certainly one of the altcoins that will make massive gains in the fullness of the altseason.

The content of this article is my opinion and is not in any case to be taken as a financial advice and I cannot be held liable for any loss resulting from the reader’s actions or inactions after reading this article,

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