In case you missed the AMA with Klever CEO Dio Ianakiara in Poloniex Telegram Channel on April 23, here is the full transcript, where Dio speaks about Klever Exchange, Bank, Blockchain & more.
In case you missed the AMA with Klever CEO Dio Ianakiara in Poloniex Telegram Channel on April 23, here is the full transcript.
AMA - FULL TRANSCRIPT
Hello everyone, welcome to Poloniex's telegram channel. If you want to learn more about Klever (KLV) and grab a share in the pop quiz giveaway later on, don't miss out and stay until the end of today's AMA!
We are delighted to have Dio Ianakiara, CEO and Co-Founder of Klever as our AMA guest. On behalf of all the members and the management, we would like to extend our warmest welcome and good wishes. Thank you for coming today!
Dio Ianakiara — CEO and Co-Founder of Klever
Born into a very poor family in the slums of Sao Paulo, my past struggles are what has shaped the mission and company ethos of Klever: To introduce self-banking to billions of people around the world through a simple and powerful user experience with unmatched security.
Before becoming Klever CEO, I worked numerous blue-collar jobs during my teenage years. At 20, I became a computer technician, and was able to secure an internship at IBM by the age of 22, from which all things changed.
I held several Software Developer positions before becoming a Software Architect, then CTO and eventually CEO when turning 30.
After initially learning how to code, I decided to compete with myself in order to become a world-class professional in software engineering and architecture. Writing code day and night, working hard and studying 80+ hours a week, I laid the foundations for the future that I wished for my family, and the vision of Klever to empower millions worldwide to not be born into debt, and reclaim their financial freedom.
If you want to know more about my origin and the passion behind the Klever team you can read the story here: https://news.klever.io/p/from-the-slums-of-so-paulo-to-klever
1) Recently KLV has been a spotlight amongst Poloniex users, please tell us more details about Klever and how does it work?
Klever is a crypto wallet ecosystem serving above 2.5 million users globally with Klever App, Klever Swap and Klever OS. Klever's emerging platforms Klever Blockchain, Klever Exchange, Klever Hardware Wallet and Klever Bank, are set to launch in 2021, all powered by the utility token KLV.
Klever App is a simple, versatile and secure self-custody crypto wallet, supporting the world’s major blockchains. The app offers 300+ trading pairs in Klever Swap, and direct access to ETH and TRX-based DApps in Klever Browser. Klever is a decentralized p2p and self-custody wallet network, putting the private keys in the hands of their users.
KLV serves as the fuel for the entire Klever ecosystem, and ensures reduced Klever Swap fees. KLV Staking allows users to earn a passive income, with over 74% of all KLV in circulation currently frozen and staked by Klever users.
Klever offers true self-custody and secure ownership of cryptocurrency. The security of Klever App is ensured by being built on top of Klever OS (Operating System), which uses advanced security mechanisms that protects the users’ private keys and funds.
2) What is your perspective on the prospect of crypto wallet / payment system future's growth?
Perhaps this is one of the most complex points for blockchain users. Managing wallets can become a very big problem for ordinary users due to the complexity behind the wallet operations.
Every blockchain needs a crypto wallet. Crypto wallets are blockchain clients that should provide a user-friendly interface for interacting in a safe and decentralized way.
Crypto wallets are great but far from perfect, usually they have many challenges including security and user experience issues. However, crypto wallets are extremely necessary for privacy and self-custody to participate in defi projects, to use smart contracts, interact with blockchains and ultimately send and receive money without a middle man.
With self-custody crypto wallets you truly own your money. Storing your crypto wallet can be very complicated and risky, so to protect ourselves from ourselves and from malicious people (scammers) we must use safe cold and hot wallets.
Open banking is booming and the use of crypto-wallets is rising at unprecedented levels, the increase in p2p payment systems are the next level of innovation and the crypto wallets are playing an important role in this. Decentralized finance needs advanced crypto wallets to facilitate the use and experience.
3) There are tons of new and old crypto wallets (or similar apps) "fighting" for their places in the current market, how can Klever face such competition?
Today's major mobile crypto wallets on the market are great, but as we learn more about crypto and its associated risks, we feel less secure about it. Wouldn't it be great if there was a wallet you can always trust?
Well, we're doing just that and it’s called Klever app.
Klever rethinks and rebuilds the core wallet system to replace old crypto wallet solutions and bring to the user advanced security on a completely new level. A security mechanism that automatically extends your mobile phone to organize and protect all your secret information. Encrypted and private.
I believe that the real competition is met within ourselves. As a person you cannot evolve without filling the gaps. You need to recognize your mistakes and improve from there.
What makes us unique in the space is that we are here for a long time and with the help of our community we have survived and even thrived during the bear market. We have already launched, developed and grown a crypto wallet that is used by over 2.5m users worldwide.
4) Compared with "traditional" centralized exchanges, what do you think of Klever (or similar) wallet is required to provide a great trading function? Can both platforms coexist, learn from each other and grow together in the blockchain industry?
We need both, traditional centralized exchanges and self-custody wallets like Klever.
When we are talking about centralized exchanges we must understand that there’s a niche of users that is not exactly the same as crypto-wallets users.
I see a huge demand for high speed, more markets, diverse trading products and services that only centralized exchanges can offer. The centralized exchanges hold the custody of the crypto for the user and update their balance sheets when user execute trades and transactions.
As you know, many exchanges are hacked every year. So, it’s never safe to hold a big chunk of your capital in centralized exchanges. That’s why the self-custody wallets like Klever enter as an option for those who want to learn and use crypto by themselves, independently, as Bitcoin and crypto was originally envisioned.
Crypto wallet users can be exchange users but not necessarily needing to be. You can just hodl.
Self-custody wallets can also offer p2p trading functions, however they are limited by blockchain speed and tokens supported.
Klever offers a seamless experience when swapping one crypto to another in a very unique way, but we are not satisfied with the experience. That’s why we are creating the Klever Exchange and Klever Bank. To elevate the user experience and build apps that fill the gaps for each niche of users, either advanced users or newbies.
5) What has KLV accomplished to date?
Klever has been able to grow from a relatively minor wallet to one of the most active and widely used crypto products in the entire blockchain space. The app has recorded more than 2.5m million downloads, with over 150k daily active users (DAU), 317k weekly active users (WAU) and 544k monthly active users as of today.
Klever has added support for the major blockchains in the world, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Binance Chain (BEP-2), Binance Smart Chain (BEP-20), Ripple (XRP), Litecoin (LTC), DigiByte (DGB), DASH, DOGE and Bitcoin Cash (BCH). Additionally, tens of thousands of subtokens of ERC-20, TRC-10, TRC-20, BEP-20 standards are supported for holding, sending, receiving and charging in the Klever ecosystem.
The team has grown exponentially to now consist of over 70 world-class developers, respective experts in their fields of engineering, blockchain operations, user experience, security architecture and scalability. We’re building on top of our own and natively-built Klever OS (Operating System), which secures the 4th generation crypto wallet system of Klever and enables unmatched speed and advanced security encryption protecting our users funds, and data.
The KLV token itself has over 140k holders worldwide, and the token has recorded more than 14 million transactions since launch in August 2020.
KLV Staking in Klever app has set new records with more than 75% of all KLV (2,537,346,279 KLV) out of current circulating supply of 3,400,300,557 KLV, enabling anyone worldwide to secure a passive income with hourly rewards at 10% APR. Klever Staking is so simple that even a 4-year old is able to do it, and many do.
6) "Doge coin family" has skyrocketed recently and it is a spotlight for crypto markets. How does Klever think about this phenomenon? Do you think whether the "wallet tokens" has a chance to detonate the next trend like Doge did?
We believe true value lies in usage, not memes. Our 150k daily active users is the pulse of the Klever app, but KLV is not only a wallet token. KLV is the fuel that will power the entire Klever ecosystem, as its main utility token, on Klever Exchange, Klever Bank and Klever Blockchain, all set to launch this year.
Today, the KLV token is primarily used for staking, effectively locking up 75% of the circulating supply by the KLV community, as well as to pay for Swap fees, and reduce Swap fees. With the launch of Klever Exchange, KLV will be the keypair with all new listings, while lowered exchange fees, payment of trading fees, reduce trading fees, add to liquidity pools and many more actions will be conducted with KLV.
Given that KLV plays such a central role in keeping the Klever ecosystem of products moving, growing and thriving, value will exponentially flow through KLV, and this phenomenon will only grow with time. We are excited to provide such opportunities to our community of users.
7) What are the current use cases of the KLV token?
You can use KLV on Klever platforms to:
• Stake KLV and claim your rewards every hour in Klever app
• Pay transaction fees
• Pay exchange fees
• Pay swap fees
• Reduce swap fees
• Make p2p payments with 3 second delivery time
• Exchange KLV instantly for wrapped Klever BTC (KBTC) and wrapped Klever ETH (KETH)
• Participate in new projects through mine-burning. The latest mine-burn occured on March 29 when 77 million USD worth of KLV, or 629 million KLV at the time, was used by the KLV community and Klever Foundation to mine KFI, the governance token of the upcoming Klever Blockchain set to launch in Q4, were burned in one instance.
8) Klever selected TRON (TRC20) network to issue the project's token. What's the team's consideration to choose and work with TRON? Will it bring any advantages to the industry and users? Is there any plan of further collaboration with the TRON team?
Originally building on Tron and then expanding to other major chains has given Klever a clear advantage in the crypto wallet space by being able to launch products and services that are based on providing a very fast and near-instant user experience. This is in contrast to others who started building on Bitcoin and Ethereum, where scalability is poor and transaction times differ from 15 min to hours.
The TRX blockchain is also fast, cheap to transact and scalable, so it’s been a great responsibility for Klever to also be part of the governance of Tron blockchain for over 3 years by being a Super Representative (SR), validating blocks and transactions.
Today, Klever operates and maintains over 50 nodes on dozens of different blockchains such as Bitcoin, Ethereum, Litecoin, Tron and many others in order to accomodate the needs of Klever app’s 150k+ daily active users & over half a million monthly active users.
We work closely with Tron SRs and the Tron Foundation on blockchain governance proposal, improvement and upgrades, and will continue to do so.
9) How about the KLV plan on future implementation on the upcoming Klever Exchange?
Klever Exchange was born to become a home to users who are completely new to crypto trading by providing a simple user experience, while enabling powerful features to experienced traders through market-leading speed, iron-clad security, and low fees.
The idea behind Klever Exchange is fully based on providing a simple, intuitive and powerful user experience where anyone can trade, with unmatched speed and advanced security architecture.
All features and concepts deployed on Klever Exchange are built and designed with the end users in mind. This includes both users that are taking their first steps in the world of crypto and do not yet understand how crypto trading exactly works, but at the same time providing advanced tools for more seasoned traders to profit and benefit from.
Many of our users have for a long time been requesting a secure, simple and versatile crypto exchange that they can trust and feel at home in. It is with their feedback and years of research that we are launching Klever Exchange this Q2 2021 for mobile (iOS & Android), and for web in Q3 2021.
Klever Exchange is the evolution of our goal to provide our users a seamless, secure, stable and incredibly fast trading experience, and is based on over 3 years of industry research and development. Able to handle over 3 million transactions per second through the innovative use of autonomous order books, Klever Exchange will be a centralized crypto-to-crypto exchange (CEX) with a clear emphasis on iron-clad security, high performance, seamless user experience and usability through easily accessible features.
Klever Exchange sets out an ambitious plan to make crypto trading simple, powerful and accessible to all, and aims to take the world of crypto to the next level. The launch of Klever Exchange will be a game changer for the entire ecosystem and the KLV token, which will be playing a central role in not just the exchange, but all products and platforms in the Klever world of apps.
KLV is the main utility token of the Klever Exchange. KLV is the fuel for innovation and will serve as a key trading pair for all future listed coins and tokens on Klever Exchange. In other words, all coins that we will support on Klever Exchange will have a direct trading pair to KLV.
Additionally, all Klever Exchange trading fees, exchange fees, swap fees and withdrawal fees will be paid in KLV, while market makers will be able to add liquidity to liquidity pools using KLV where users will be able to participate in KLV mining pools and KLV staking. Moreover, market makers will also be rewarded by adding to liquidity pools, and KLV will be used as liquidity for other tokens.
Klever is not building a crypto wallet. We are building the infrastructure for a public financial system based on decentralized technologies. The Klever Exchange plays a fundamental role as the engine in that ecosystem.
10) Where can Poloniex users learn more about KLV?
You can learn more about KLV on our website: https://klever.io/en/
Klever Roadmap: https://klever.io/en/roadmap/
Klever Blockchain Whitepaper: klever.finance
Klever (KLV) Whitepaper: https://static1.squarespace.com/static/5b746f23f93fd4df93382a39/t/5f08a34abbb7fb1233623f84/1594401742508/Klever+Whitepaper+v1.5.pdf
Klever Assets Supported: https://klever.io/en/assets/
Klever News: https://news.klever.io/
Klever Labs: https://klever.io/en/labs/