Clever DeFi to Add Liquidity on Uniswap Following Minting Phase
PRESS RELEASE. CLEVER, a fully Decentralized Finance protocol, is set to bring added liquidity and extra value to its Ecosystem via the supported listing of its native CLVA token on popular decentralized exchange platform Uniswap.
Uniswap Listing Next Phase for Clever Ecosystem
The listing will occur on March 17 and marks the next phase in the roadmap of Clever DeFi. Clever DeFi just concluded its minting phase, which lasted for 30 days, where investors could purchase CLVA tokens at the lowest price available.
The initial 30-day minting phase ended on March 3, 2021, at 12:00UTC, with users spending 726,50 ETH to mint 339,927 CLVA tokens. To achieve adequate liquidity pool pairing on Uniswap, an additional 152,967 CLVA was minted from the Clever Protocol, equating to 45% of the total mint existing.
Clever DeFi will implement a strict liquidity schedule on listing to protect users and achieve more excellent price stability.
The following schedule over the first 3 Cycles will initiate as of March 17:
CYCLE 1: 31% liquidity added.
CYCLE 2: 8% liquidity added.
CYCLE 3: 6% liquidity added.
All added liquidity will be locked without key access in a cloud secure time-delay for a set period of 12 months. Also, ahead of the Uniswap listing, the initial listing price will be set using a median average calculated from the sum of all transactions throughout the minting phase.
Day 1 listing price will be pegged to at least 0.0025eth: 1 CLVA and will start active trading via UniSwap on March 17 through the CLVA/ETH pair. Once listed on Uniswap, CLVA tokens will be available to retail investors who can purchase the tokens and store them in ERC-20 supported wallets like MetaMask.
DeFi platforms and Automated Market Makers like Uniswap provide a powerful opportunity to help overcome liquidity challenges. They require no or low listing fees, yet their trading volumes can be as high as top exchanges.
Clever team expects that listing on Uniswap will expose the project to a teeming pool of investors, which will drive the price of CLVA tokens up. The Uniswap effect has led to several defi tokens surging 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 latter half of 2020 due to the massive potentials it offers. Clever DeFi offers users guaranteed interest for holding its native token CLVA.
The interest mechanism is embedded into its smart contract and distributed over regular intervals of 14 days. These intervals are programmed to take 888 cycles which is equivalent to 34.5 years. During each cycle, automatic interest will be distributed to every Ethereum wallet address containing CLVA tokens.
Throughout the 888 cycles, the maximum total supply of 9,519,530 CLVA will be minted in addition to the 0.1% maintenance fee. CLVA token holders are not mandated to stake their tokens or enter into any contracts to receive fortnightly interest payments. Users can also withdraw CLVA tokens at any time without penalties or lock-in dues.
The Clever DeFi team also has plans to expand its Ecosystem through the Clever DeFi Bounty campaign recently ending on March 2, 2021. There are also plans to embark on partnerships with industry stakeholders and projects.
Also, there are plans in place for CLVA to be listed on other exchanges, including P2PB2B, CoinsBit, Hotbit, and others. For more details on Clever DeFi, please check the website CLVA.com.
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