Clover Finance CLV
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Score Sentiment Neutral
Fundraising Statistics
$0.03 -2.70%
$0.2
Polychain Capital Tier 1
CMS Holdings LLC Tier 2
Huobi Ventures Tier 2 CLVClover Finance
USDCUSD Coin
Rounds 2 and 3 - 21 April. Price $0.29 and $0.35.
Round 4 - 4 May. Price $0.20.
Ethereum
Short Review Clover Finance
Crypto project Clover Finance (CLV) is classified as a Blockchain Service. Clover Finance is a Utility token that is hosted on the Polkadot Network. The current total supply is 1.00 B CLV (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 150,000,000 TOKEN (17.5% of total tokens) have been allocated for the public sale. The level of social activity of the Clover Finance project is assessed as High.
Clover Finance ICO Overview
Public sale of tokens will take place on the Coinlist Launchpad. Estimated date for the public token sale: 4 May 2021. Clover Finance (CLV) price during the token sale: 0.2 USD. Min/Max Personal Cap: $100 / $1000.
Residents of the following countries will not be able to participate in the public sale of tokens: Canada China USA
CLV Price Chart
The launch of CLV token trading took place on 6 May 2021.
Fundraising Rounds
Total sold 245.23 M CLV tokens (0.25% of total tokens). Total amount of funds raised by the Clover Finance project is $57.40 M.
| Investment Round | Date | Price | Funds Raised |
| Main Sale Option 4 | May 4, 2021 | $0.20 | $7.55 M |
| Main Sale Option 3 | April 21, 2021 | $0.35 | $12.25 M |
| Main Sale Option 2 | April 21, 2021 | $0.29 | $11.60 M |
| Community Round | April 20, 2021 | $0.20 | $15.00 M |
| Private Sale | March 2021 | $0.20 | $5.00 M |
| Seed | May 2020 | $0.06 | $6.00 M |
Clover Finance Investors
Polychain Capital Tier 1 CMS Holdings LLC Tier 2 Huobi Ventures Tier 2
Hypersphere Ventures Tier 2Detailed review of Clover Finance (CLV)
Clover Finance is a platform that provides a common environment for DeFi applications based on different blockchains. In other words, it is a decentralized bridge connecting DeFi located on different chains. Clover is based on the Polkadot parachain and Substrate framework, which improve transaction speed and network security. Additionally, Clover also creates a browser extension, mobile wallet, and web app. The Clover network consists of four layers: a data storage layer from DApps, a smart contract layer that deploys smart contracts on chains, and a DeFi layer. the protocol layer, responsible for storing both existing protocols (lending, exchange, insurance, etc.) and protocols created by developers, as well as the eApp layer, which supports external applications. Clover Finance's token, CLV, can be used to manage the platform and pay for transactions. fees, stakes to verify transactions (a mechanism known as Proof-of-Stake consensus), and the deployment of smart contracts and decentralized applications. Users can also earn CLV by voting on successful proposals and receiving dividends from Clover Finance's profits.
Clover Finance Project (CLV)
Clover Finance was founded in 2020 by an experienced team of specialists in various fields. Burak Kecheli, a talented programmer, is leading the technical side of the project. Operations Manager Norelle Ng has extensive experience working with both clients and blockchain. Viven Kirby is a project manager with experience as an architect at Microsoft. Clover Finance's goal is to provide a seamless cross-platform user experience. Clover aims to achieve this by becoming a bridge connecting multiple blockchain projects. Another way to create a great user experience is to replace the gas fee with a fee that is deducted directly from the transaction. These steps should allow millions of new customers to quickly gain access to decentralized applications and significantly expand the cryptocurrency market.
Benefits of Clover Finance (CLV)
- Bridging the gap between blockchains b> Clover Finance enables interoperability between different blockchains, greatly simplifying the exchange process. More chains mean more variety and creative solutions.
- Safety and protection. The Clover Network has no custodians or centralized governing body. With no one in between users, their funds, and their transactions, with no one person holding all the power over the network, and no storage of customers' personal information, Clover provides users with a safe and secure decentralized experience. < li> Expanding to Kusama Clover Finance has decided to expand into Polkadot's cousin Kusama, essentially a testing ground for ambitious projects yet to launch on Polkadot. They launched a sister network called Sakura with their own token.
Disadvantages of Clover Finance (CLV)
- Copying code no attribution.Clover requested a grant to finance the construction of the network. The project was denied funds after copying Acala code without attribution and ignoring a grant program reviewer's warning.
- Lack of transparency when it comes to funding. Clover Finance tried to raise funds both through the program grants, and through an ICO, violating the terms of the grant program. Additionally, the network tends to be opaque about its funding.
- Serious Competitors Clover Finance isn't the only bridge network. However, it is one of the few networks that offers multi-network connectivity, but it needs to really stand out to be noticed.
