Klever Coin

Halal Rating :
Comfortable
Last Price $0.01 Last updated:
Rank 705
1D Change 15.28 %
Market Cap $50.81m
Circulating supply 8,880,780,407
Maximum supply None

Crypto Overview

Categories
  • Wallet

Overview

Klever Coin (KLV) is the native token of the Klever blockchain ecosystem, launched in 2020. It serves as the fuel for transactions and smart contract operations within the Klever network, which includes a mobile crypto wallet, exchange, and blockchain platform.

Intended Utility

KLV is designed to power the Klever ecosystem, serving multiple functions: transaction fees on the Klever blockchain, staking for network security, governance participation, and as a medium of exchange within Klever's applications.

Actual Utility and Adoption

The token is actively used within the Klever ecosystem, particularly for: Payment of transaction fees on the Klever blockchain, Staking for network validation, Governance voting on protocol changes, Trading pairs on Klever Exchange.

Business Model Analysis

The business model appears transparent and focused on building a comprehensive blockchain ecosystem. The revenue model is based on legitimate blockchain operations and service fees, avoiding interest-based mechanisms.

Token Distribution and Governance

The initial token distribution included allocations for the team, development, marketing, and public sale. Team tokens have vesting schedules to prevent immediate dumping. The project maintains regular development updates and has a visible team.

Technology and Development

The project shows ongoing development activity with regular updates to its blockchain, wallet, and exchange platforms. The technical architecture follows standard blockchain principles without relying on interest-bearing mechanisms.

Crypto Impact

To assign a comfort level investing in Klever Coin from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Klever Coin.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating