Klever Exchange is a launchpad that aims to provide speed, security, and optimum user experience while trading. According to the whitepaper, The Klever Exchange platform was created for users new to the world of cryptocurrency to quickly understand and be a part of the process by providing reliability and useful features. The platform aims to provide low fees, market-making opportunities, robust security, and three million transactions per second (TPS) speed to experienced users when the industry standards have only achieved the speed of one million TPS.
Klever Exchange intends to keep a shallow threshold for entry of small and inexperienced traders, allowing them to trade low amounts at meager transaction costs. Thus, these individuals are given a fair chance of earning in the market amongst prevailing resources like large-scale traders.
The Klever ecosystem is made up of three main components: Klever OS, the Klever app, and the Klever Swap. The platform intends to fill the basket shortly with more products like Klever browser, Klever blockchain, and Klever bank.
First, the Klever OS is a wallet OS seeking to enable developers from all platforms to run smart wallets inside their apps, clouds, hardware, pen drives, smartphones, servers, wearables, and portable devices. Klever OS aims to renovate the system of wallets and replace the crypto wallets with an advanced security structure.
Second, the Klever app is the first app built on the Klever OS. All products and services of the Klever ecosystem like trading cryptocurrency, playing various games, DeFi solutions, travel bookings, and online shopping aim to be available under one roof. Third, the Klever Swap seeks to allow users to swap crypto coins from one blockchain to another.
KLV is the native utility token of the Klever Exchange, and all transactions on the ecosystem are conducted using KLV tokens. The token is used to pay transaction fees, pay and reduce exchange fees, pay and reduce swap fees, staking, participate in new projects through crowdfunding, and buy VIP tokens.