Clover Finance
Clover FinanceName
Clover Finance
Summary
Clover Finance is a cross-chain infrastructure platform that allows developers to create DeFi dApps that connect Ethereum and Polkadot.
-It was founded by Viven Kirby, Norelle Ng and Burak Keçeli
-It uses proof-of-stake (PoS) consensus layer during validator’s nomination.
Rating
Symbol
CLV
Overview
Clover Finance (CLV), often known as Clover, is a blockchain platform that provides a one-stop, easy-to-use blockchain infrastructure and an ethereum virtual machine (EVM) compliant architecture. Clover Finance's mainnet began in July 2021, after the project was founded in May 2020.
Clover enables relayers to act on behalf of the sender in a transaction and cover gas prices in the base currency while receiving reimbursement in the denominated asset.
The transaction fees are deducted from the transacted assets when this method is used.
The network also features a gas fee structure based on identity. Frequent users can now pay a lesser gas price according to how often they utilize the network.
Historical Price Movement (in INR)
Technology
Clover developed "SPV chain simulation technology" to facilitate cross-chain communication between financial networks. Clover uses Polkadot because it is a sharded multichain network.
Clover provides a high level of decentralization by using BIP-Schnorr compliant threshold signatures.
Use of Native tokens in the ecosystem: Clover Finance's native utility token, CLV, is utilized to do the following tasks:
Holders of CLV tokens can vote on network governance decisions.
Transaction Fees: Users will need CLV tokens to pay for network transactions. Acting as a "Relayer" allows you to pay fees on behalf of other addresses.
Users can stake CLV tokens by operating a validator node or by using a validator that has been nominated (nominated PoS). This enables users to take part in network consensus. If the validator node acts up, staked tokens may be cut.
Ecosystem incentive
40%
Coinlist
15%
Foundation
12%
Team
10%
Early Backers
10%
Marketing
7.5%
Contributors grant
3%
Private sale
2.5%
Volume (18th April 2022)
$18,287,949
Total Supply
1000000000
Circulating supply
260,975,397.00 CLV
Crowd Sales
It has raised $3M in one round of funding
Funding
19-02-2021: Seed Round-$3M
Country
United Kingdom
Name of Organization
Clover finance
Year Incorporated
2020
Registered Address
London, England
Dispute Resolution and Governing Law
United Kingdom
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Viven Kirby | Co-Founder and Project Lead | McMaster University: Bachelor of Applied Science - BASc, Computer Science | 6 Yrs |
| Norelle Ng | Founder | University of Toronto: Honours Bachelor of Science | 4 Yrs |
| Burak Keçeli | Co-Founder | Draper University: NA | 3 Yrs |
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Whitepaper 
