Labs

KFI Mining event is completed!

Special thanks to everyone who participated and is now part of the Klever Blockchain governance. We will meet there.

KFI successfully distributed

All eligible addresses that sent your KLV have already received your KFI.
Remember to add KFI to your portfolio using your Klever portfolio's Token Filter.

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Klever Finance Token (KFI)

What is KFI?

The Klever Finance Token (KFI) is the Klever Blockchain governance token.

KFI token holders will have an essential influence and crucial responsibility over the Klever Blockchain's function and have complete control over the apps protocol configuration (such as application fees and functionalities), as well as approval authority over new apps using an on-chain voting system.

Inside the Klever Blockchain, KLV is the main utility token used for transaction gas and energy usage - KFI is the governance token for the Klever community and its main utility is to empower a world-wide distributed community to innovate in p2p technologies and advance decentralized finance products and services.

KFI holders will be able to use KFI on Klever Blockchain to:

  • Vote for new app proposals.
  • Vote for change of app proposals.
  • Vote for new projects.
  • Earn network rewards when participating in the governance of the blockchain.

KLV holders globally will be given the opportunity to mine KFI by adding KLV into daily mining pools. All KLV used to mine KFI will be burned and removed from KLV's circulating supply.

Only 150,000 KFI will initially be mined and the token is scarce in nature.

A total max supply of 1,000,000 KFI will ever be created through a halving process, and the full minting process will autonomously be taking 20 years to complete.

The Klever Finance Token (KFI) is the Klever Blockchain Governance Token.

Klever Finance Token (KFI)

Why mine KFI?

A total of 100,000 KFI will be made available for mining to the global KLV community during the KFI Mining and KLV Burn Event of March 22-March 25, 2021.

All KLV used to mine KFI will be burned and removed from KLV's circulating supply. KLV users globally will be given the opportunity to mine KFI by adding KLV into daily mining pools. Klever Blockchain will distribute kapp fees as KLV network rewards to the KFI governance community as a reward for the responsibility and essential work involving in governing the blockchain.

Each Klever Blockchain app, or kapp, can have their own set of fees. Rewards are fees automatically collected on apps. The power to approve or deny new kapps lies exclusively in the hands of the KFI governance community. By using the KFI governance voting system, KFI holders will ensure that Klever Blockchain will be free of scams and suspicious apps since the KFI governance community are the ones reviewing and approving the deployment of new kapps.

KFI Mining has ended

How will KFI distribution work after mining?

🚨 The mining period is already over, do not send your KLV after the eligible period of participation.

The process will be automatic, you will receive the KFI at the same address as your KLV has been sent. As long as you have submitted your KLV within the eligible mining period.

Total Pool 🔥

KLV

Total to mine
100,000.00 KFI
Each klv sent will receive
KFI
KLV

  • Total sent to the pool

    KLV

  • Mining projection

    KFI

Klever Wallet FAQ

Frequently Asked Questions

What is the difference between KLV and KFI?

To clarify, KLV Coin is the main utility token of the Klever Blockchain and KFI is the governance token of the blockchain.

Klever Blockchain allows us to build unlimited point-to-point applications in the chain. Each protocol application will have its own fee contribution model for the network itself and the KFI governance community. As more applications are developed on the Klever Blockchain, more value flows to liquidity pools through the KLV and more rewards are distributed to the KFI governance community.

How can I use KFI on Klever Blockchain?

You can use KFI on Klever Blockchain to:

  • • Vote for new proposals
  • • Vote for new projects
  • • Vote for proposal changes
  • • Vote for upgrade proposals
  • • Earn network rewards

Will I receive my KLV again after mining?

No. At the end of the mining period, all KLVs received will be burned, your KLV will be returned in KFI an amount that varies according to the total KLV sent during the period by all users.

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