Klever Weekly Newsletter - November 19
Klever now supports Huobi Eco Blockchain & Solana (SOL) BEP20 swap pairs. Klever Insight hosts Gabor Gurbacs, Director of Digital Assets Strategy at VanEck & presents Exchange's new standards.
Klever & Huobi Eco Chain collaborate to enable the HT blockchain in Klever Ecosystem
HECO Chain, a decentralized and energy-efficient public chain for developers goes live in the Klever Wallet.
Klever and Heco have collaborated to introduce parameters within the Klever app; these features are now available as part of Klever's new Android and iOS update.
New Features include:
Heco Chain blockchain support
What is Heco Chain (HT)?
Heco Chain (Heco) is a public chain that is decentralized, high-efficiency, and energy-saving. The chain supports smart contracts and high-performance transactions.
Klever hosts Gabor Gurbacs, Director of Digital Assets Strategy, VanEck
Misha Lederman hosts Gabor Gurbacs, Director of Digital Assets Strategy to discuss VanEck’s Bitcoin ETF, fiat inflation, BTC growth, crypto regulation, and the future of finance.
On November 18th at 2 pm UTC, we did a Livestream to further explore Gabor's vision of various aspects surrounding the cryptocurrency market lately. Gabor is a pioneer in the digital assets space. Critical to the development of the first industry-standard digital assets indices, Gabor is a leading voice in digital asset investing and market structure discussions with U.S. and global regulators.
So, dive deep into this valuable content about bitcoin, inflation, regulation and much more subjects that were covered in this live session, watch now and share with your friends.
Don't forget to like the video, subscribe in the channel and hit the notification button. 😉
Klever Wallet Adds New Solana (SOL) BEP20 Swap Pairs
To support our community we have introduced 11 new SOL (BEP20) swap pairs.
With its permissionless features, Solana provides decentralized finance (DeFi) solutions with its open source technology, and now it’s available for swap in Klever App.
Available Swap pairs:
SOL (BEP20)/USDT (TRC20)
SOL (BEP20)/USDT (ERC20)
SOL (BEP20)/BUSD (BEP20)
SOL (BEP20)/BNB (BEP2)
SOL (BEP20)/BNB (BEP20)
What is Solana (SOL)?
Solana is a protocol designed for the creation of decentralized applications (DApps). The proof-of-history (PoH) consensus of the blockchain will be combined with the underlying proof-of-stake (PoS) consensus to improve scalability.
New Security Standards for Klever Exchange
Since releasing Klever Exchange to the public, we have quietly collected user feedback across all our platforms.
Our approach to developing financial tools within the Klever Ecosystem is guided by security and the safety of our users. As a result, Klever Exchange has implemented new security standards to protect our users' cryptocurrency and their trades.
Klever Exchange currently uses Google 2FA to secure your trading accounts and the new standards include the following core requirements across all platforms i.e. Desktop and Mobile devices:
You must have an active 2FA set up on your profile before withdrawing funds. (Two Factor Authentication)
For administrative reasons, and again for security reasons, the resetting of a lost 2FA requires a valid ID or driver's license
Previously created 2FA setups will need to be recreated to approve withdrawals.
Liquidity Pools 101
Liquidity pools are core for any decentralized exchanges (DEX), they facilitate the trading of new cryptocurrencies before being listed on any exchanges.
Liquidity pool, in short, is a collection of funds locked in a smart contract on decentralized finance (DeFi) platform but to be ready on this subject, you’ll need to know much more than this, such as:
What is a Liquidity Pool?
Why do we need liquidity pools?
How does the liquidity pool work?
How do algorithms help pools always provide liquidity?
Klever is also looking to launch its own liquidity pool in the coming months. Klever is working on creating a liquidity pool. Klever products are already serving over +3 million users across the globe. -Klever writer, Jagdish Kumar.
Check out this article and learn everything you need to know about liquidity pools.
How Crypto can solve problems
The world is passing through various challenges at the moment.
As a result, humans have developed the ability to think critically and propose solutions that can help mitigate the current issue, for example, the flexibility in the blockchain technology and cryptocurrency space has created a new means of financial survival.
Taking a cue from the president of El Salvador who made his country the first official country to accept Bitcoin as their official currency. Initially many thought he was making a big mistake for the choice he made but obviously he knew what he was doing. The nation has profited from the transaction made some months ago by purchasing these cryptocurrencies.
Get some examples of solutions to global problems that crypto can solve by clicking the button below.