What is Clover Finance?
Clover Finance claimed to be an open-source operating system built on Polkadot Blockchain. The platform offers one stop solution for cross-chain DeFi bridge with user friendly and easy to use blockchain infrastructure. Clover operates as substrate based polkadot parachain. Substrate can leverage top notch functionalities including p2p networking, consensus mechanism, evm implementation, governance and more. at the end substrate will improve implementation process peed, freedom customization and capabilities with Ethereum blockchain.
Apart from UX it also helps developer to reduce cost and providing them good returns. Clover launches unique incentive structure for developer passive income. For developer’s clover manages offer developer tools from identity-based scripting capabilities that ultimately build cross-chain interoperability. Bring new level interoperability Clover created model built in SPV chain technology for two-way pegs turing-complete blockchains and cross-chain communication. In the operating system of clover consist different layer that include storage, Defi Protocol, eApp and Smart contract layers.
Clover will be having EVM Capabilities that will allow user to deploy Ethereum dApps on Polkadot along with easy pegs between ERC20 and dot-based tokens. however, Project aim to put all product together as per requirement of users to be known as integrated financial service platform.
Clover Finance Price Prediction
Clover Finance Token i.e., CLV not yet listed on any trading platform, we will update price prediction once it launches mainnet and token distribution. As per report Clover raised by $3 million worth in closed seed round.
Clover Finance Overview
|Project name||Clover Finance|
|Wallet||Clover Chain Wallet|
CLV ICO Overview
|Date of ICO||NA|
|Partners||Polkadot, BoringDAO, Litentry, Bithumb Global, Hedget, Matic, Advanca.|
CLV Price Analysis
Clove Finance native token ticker symbol is CLV which is represent value of Clover ecosystem. in the main functions CLV token will be used in staking in order to maintain consensus mechanism. marketplace transactions will be completed CLV Token by using as transaction fees. CLV holder gets benefits from incentive program and also receive dividends from clover’s profit as mentioned in whitepaper. In governance system token holder can vote to participate in election of governance mechanism. however, process of token distribution from profit will continues.
In the proposed solution Clover Finance targeting top problem on existing DeFi world, although even if Ethereum 2.0 not able to minify problem of high gas fees, scalability and slower deployment speed. we know Ethereum demand keeps of increasing that causing jaw dropping transaction fees where user finding for better platform. Clover going to introduced newest DeFi platform that can be deployed on Polkadot Parachain structure to impove scalability and easy adoption with multiple side chains. As per the vision of project developers it is clear that they wanted to bring new way to leverage upcoming bitcoin protocol.