Klever Weekly Newsletter - August 13
Klever integrates Kusama, opening the doors to Polkadot. Klever Swap lists PSG while KLV leads LunarCrush Galaxy Score & Klever News highlights Stablecoins among others hot topics of the week.
Klever integrates Kusama - opening doors to the entire Polkadot ecosystem
Kusama, Polkadot’s canary network, is now supported in the Klever wallet. Through integrating Kusama’s native token KSM, Klever users can now stake and interact with the budding Kusama blockchain.
With the constant goal of providing more utility, features, and access to prominent blockchain projects to our 3 million plus global users, Klever has now integrated one of the world's fastest growing blockchain platforms, Kusama (KSM).
What is Kusama?
Kusama is a decentralized public network of multiple specialized blockchain built using nearly the same codebase as Polkadot. For this reason, it can be used as a pre-production environment for Polkadot that allows any developer to experiment and test new blockchains or applications before releasing them on the Polkadot network.
The Kusama upgrade is available in Klever’s new Update 4.4.0 and the integration allows Klever users to store KSM in their Klever wallet, and to seamlessly send, receive, nominate (stake), bond and swap KSM in Klever.
Klever Swap Lists Paris Saint-Germain Fan Token (PSG)
Klever has listed PSG Fan Token (PSG) with 9 direct trading pairs as part of the expansion of Klever Swap's growing list of available tokens for instant swap from ETH, TRX and BSC blockchains.
Klever Swap has officially listed Paris Saint-Germain Fan Token (PSG) with 9 direct trading pairs in Klever app:
PSG/KLV, PSG/BTC, PSG/ETH, PSG/TRX, PSG/USDT (ERC20), PSG/USDT (TRC20), PSG/KBTC, PSG/KETH, PSG/BUSD (BEP20)
What is Paris Saint-Germain Fan Token?
Paris Saint-Germain Fan Token with the ticker PSG is a token from France and is created on the Chiliz blockchain. The PSG fan token is a cryptocurrency that allows you to be involved in decisions surrounding the club.
KLV No 1 on LunarCRUSH Galaxy Score
CryptoDiffer’s new research indicates Klever (KLV) as number 1 among all 2,831 projects tracked by LunarCRUSH Galaxy Score performance in community metrics and price score on August 13, 2021.
After being ranked as top 1 among financial services projects during 2021 by CryptoRank.io, KLV now appears in first place with incredible 78 points, ahead of Ethereum (ETH) (2), 77, and TRON (TRX) (5) with 76 points.
The Galaxy Score is a combined measure of cryptocurrency indicators used to correlate and understand the overall health, quality and performance of a specific project. In short, it indicates how well a coin is doing. - LunarCRUSH
Check out the official tweet below:
Stablecoins: Use Cases & Adoption
Stablecoins such as USDT are already disrupting the traditional financial system, while bringing a more stable & less volatile crypto experience to traders, holders, stakers & unbanked people globally
Stablecoins has gained immense traction in recent years, as it offers less price volatility than regular cryptocurrencies, agile trading opportunities, immediate processing and security of payments.
The existing financial system has various inefficiencies that include paying middlemen to complete transactions. Stablecoins allow payments to occur directly between buyers and sellers, circumventing the existing system and reducing costs for both merchants and consumers.
Click below and continue reading about stablecoins use cases, and adoption worldwide.
Collaboration vs Competition in Crypto
Klever has been at the forefront of building bridges from its inception & will continue to extend its hands of friendship to all other legitimate platforms, projects & communities to ensure growth.
Most crypto projects upon development see themselves as competitors trying to outdo or outperform one another, thereby missing the ultimate goal for the creation of simple to use and mass adopted products to further the advancement of decentralized financial tools running on the blockchain.
When there is competition, people see themselves as rivals and distractors to one another thereby limiting the possibilities for growth, cooperation and development. - Klever Admin, James Enajite.
Germany allows institutional funds to invest in crypto
Understanding the importance of crypto investments, Germany is taking a lead, allowing institutional investors to invest in crypto, underlining a major positive shift in global market perception.
In order to provide another frontier for investment, Germany has allowed so-called "spezialfonds”, simply translated as special funds, to invest 20% of its holdings in buying Bitcoin and other cryptocurrency assets through a new law that has now come into effect.
Spezialfonds are German wealth and institutional investment fund managers like banks, insurance companies, pension funds and corporate funds, which currently manages a combined $2.1 trillion in total assets under management (AUM).
Large institutions, which include private banks, hedge funds and global fund managers, are getting increasingly enticed to take a plunge in acquiring crypto assets. - Klever News Editor, Jagdish Kumar.