Clever (CLVA) is one of the latest and most promising cryptocurrency projects right now in the market. With the decentralized finance (DeFi) market expanding, new solutions and ways to generate income have been expanding all over the world, and Clever is one of those solutions.
In this Clever (CLVA) DeFi guide, we will go through the details of this project, how it works and all you need to know about the CLVA virtual currency.
What is Decentralized Finance (DeFi)?
Decentralized finance is one of the fastest-growing sectors of the cryptocurrency market. It makes reference to a set of projects and solutions that are being built on top of blockchain technology and far from centralized financial institutions such as banks.
In the last months, we have seen how projects such as Uniswap (UNI) or PancakeSwap (CAKE) reached a large number of users and helped the entire ecosystem move forward. Nonetheless, there are many other projects and initiatives being created.
One of the newest and latest projects is called Clever (CLVA), a fintech company that focuses on delivering Decentralized Finance applications within the cryptocurrency industry.
What is Clever (CLVA)?
Clever is a cryptocurrency company that wants to offer a new automatic interest payment system to all CLVA token holders. The main characteristic of this project is related to the use of a high-return and pre-programmed routine cycle that is scheduled over 888 fortnightly cycles that take 34 years to complete.
Rather than relying on a bank account that gives very low interest on your deposit, CLVA relies on blockchain technology and smart contracts that have been fully verified by BlockHunters. In this way, they are able to provide users with the possibility to mint CLVA tokens.
The project is secure and they claim that there are no other parties that can get access to your funds. This is extremely important considering that there have been several hacks to crypto exchanges in the last years.
One of the most promising aspects of decentralized finance and Clever is the possibility they give to investors to start earning larger commissions on their funds. While it is extremely difficult to earn acceptable interest in most of the economies nowadays, it is still possible to earn large commissions by using different DeFi protocols.
How Does Clever Work?
Now that we know what Clever is, we should have a clearer idea of how it works and how we could start using the platform. Clever works with a decentralized distribution mechanism (DDM) that guarantees on-chain that CLVA is awarded to all beneficiaries.
At the same time, users that want to send and receive funds do not have to pay for commissions (gas fees) as it happens with other protocols and blockchain networks. This can be achieved through a unique interest distribution system that requires no gas fees at all.
As soon as users deposit their CLVA tokens, they will start receiving the interest according to the pre-programmed cycle. This is a cycle that requires 888 fortnightly cycles, as we mentioned before. At the same time, users will get a guaranteed payment of up to 11% compound interest every fortnight.
Due to the fact that the project runs using smart contracts, there is no human intervention. Everything has been programmed to follow the cycles as defined by this protocol. By compounding your rewards, the new rewards in future fortnights become larger as there is no need to add new funds.
However, the company must show that they are ready to take on the challenges DeFi finance currently faces. It is clear that it might take some time for investors to move from traditional financial solutions to the DeFi market. Having projects such as Clever shows the entire industry continues moving forward.
How Much Can You Earn with Clever?
The company has shared with users the information regarding the profits they could make with compound interest paid fortnightly. With an initial investment of 500 CLVA users are able to generate a first annual yield interest of $1,535.34.
At the same time, the larger your investment, the larger the rewards become. For example, if your initial investment is 1,000 CLVA, then the rewards grow to $3,070.68. With an initial investment of 2,500 CLVA, the interest becomes $7,676.70 and with an initial investment of 5,000 CLVA, the interest at the end of a 12-month period becomes $15,353.40.
The compound interest yielded for 1 to 5 years grows from 307% in the first year to 501% in the third year and 600% in the fifth year. The company has also shown that the average annual yield earnings over 10 years is the largest for Clever (CLVA) with 80.60% and followed by Bitcoin with 13.90%.
What is the CLVA Token?
This platform is powered by the CLVA token, which makes it possible for users to achieve these earnings. One of the positive things about the CLVA token is related to the lock-in period. There is literally no lock-in period as it could happen with other projects already released to the market. This makes it possible for users to withdraw their funds as soon as they decide to do so.
Indeed, the company believes that being free to invest larger amounts of money could give you larger returns over long periods of time. It is worth mentioning that there is expected to be a 1 trillion CLVA maximum supply in the future.
This is different from other virtual currencies that have no limit on the number of coins that could eventually be created. This is a project that focuses on a long-term cryptocurrency with an investment period of 34.15 years.
Additionally, there are new initiatives that make it better for holders by enhancing the current demand and supply of the CLVA currency. By creating a new DeFi project powered by the Clever token, the team behind this project aims at changing the entire financial industry and how it works.