Press release
PRESS RELEASE. SMART, a fully decentralized financial protocol, is designed to add liquidity and value to its ecosystem through the assisted listing of its native CLVA token on the popular Uniswap decentralized exchange platform.
Uniswap Listing Next phase for Clever Ecosystem
The listing will take place on March 17th and marks the next phase in the Clever DeFi roadmap. Clever DeFi has just completed its 30-day mint phase, during which investors could buy CLVA tokens at the lowest available price.
The first 30-day coin phase ended on March 3, 2021 at 12:00 noon (CET). Users spent 726.50 ETH to mint 339,927 CLVA tokens. In order to achieve an appropriate pairing of the liquidity pool at Uniswap, an additional 152,967 CLVA were minted from the Clever protocol, which corresponds to 45% of the total existing coinage.
Clever DeFi will implement a strict liquidity plan for listing to protect users and achieve better price stability.
The following schedule for the first three cycles begins March 17th:
CYCLE 1: 31% liquidity added.
CYCLE 2: 8% liquidity added.
CYCLE 3: 6% liquidity added.
All added liquidity is locked in a cloud-safe time delay for a fixed period of 12 months without key access. Before the Uniswap listing, the initial listing price is determined using a median average calculated from the sum of all transactions during the entire coin phase.
The listing price for day 1 is tied to at least 0.0025eth: 1 CLVA and begins active trading on March 17 via the UniSwap CLVA / ETH Pair. Once CLVA tokens are listed on Uniswap, they will be available to retail investors who can purchase the tokens and store them in ERC-20 supported wallets such as MetaMask.
DeFi platforms and automated market makers like Uniswap provide a powerful opportunity to manage liquidity issues. They charge no or low listing fees, but their trading volume can be as high as that of the top exchanges.
The clever team believes that listing on Uniswap will expose the project to a teeming pool of investors, which will drive up the price of CLVA tokens. The uniswap effect has caused several Defi-Tokens to go up in price, and CLVA could benefit hugely from the listing.
Clever ecosystem continues to grow
Clever DeFi has grown rapidly since its launch in the second half of 2020 due to the enormous potential it offers. Clever DeFi offers users a guaranteed interest in keeping their native token CLVA.
The interest mechanism is embedded in his smart contract and is distributed at regular intervals of 14 days. These intervals are programmed to last 888 cycles, which is 34.5 years. During each cycle, automatic interest is distributed to every Ethereum wallet address that contains CLVA tokens.
During the 888 cycles, in addition to the maintenance fee of 0.1%, the maximum total supply of 9,519,530 CLVA is determined. CLVA token holders are not required to set their tokens or enter into contracts in order to receive fortnightly interest payments. Users can also withdraw CLVA tokens at any time with no penalties or blocking fees.
The Clever DeFi team also has plans to expand its ecosystem through the Clever DeFi Bounty campaign, which recently ends on March 2nd, 2021. There are also plans to partner with industry stakeholders and projects.
There are also plans to list CLVA on other exchanges including P2PB2B, CoinsBit, Hotbit, and others. You can find more information about Clever DeFi on the website CLVA.com.
This is a press release. Readers should do their own due diligence before taking any action related to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Photo credit: Shutterstock, Pixabay, Wiki Commons
