Klever Weekly Roundup – February 18

KleverChain Validators Program Testnet is about to begin and learn how to become a validator. Klever Wallet now supports WazirX (WRX) & is now available in the Huawei AppGallery!

Ukraine makes cryptocurrency legal. This week, the country’s parliament voted in favor of the Virtual Assets Bill granting legal status to all cryptocurrencies and virtual assets sold, bought, and negotiated inside the country. 

The bill’s approval was made almost unanimously with 300 votes in favor to two votes against. 

The new legislation refers to all crypto as “digital assets” and defines them as an asset that can already be legally used as a payment instrument or traded for other assets, products, or services, and with the bill, Ukrainians will now have a basic regulatory framework for them.

Still, on Global news, Warren Buffet acquires $1Billion in shares from Brazilian digital bank Nubank. This acquisition made by Buffet’s Berkshire Hathaway raised eyebrows as Berkshire Hathaway increased its involvement in Nubank while selling off a portion of its investments in Visa and MasterCard.

Although Buffet had already scolded cryptocurrencies calling them “rat poison squared”, the new investment in the Brazilian bank demonstrates an interesting side thanks to Nubank’s platform, NuInvest, which enables users to invest in cryptocurrencies.

Another major investment was JP Morgan’s in the metaverse. The largest bank in the US labeled the sector as a $1-trillion opportunity. The company invested in a virtual lounge inside the blockchain-based world Decentraland becoming the first official bank to get into the metaverse. 

The lounge can be visited inside Decentraland’s Metajuku Mall, as they are greeted by a roaring tiger and a digital portrait of Jamie Dimon, CEO of JPMorgan. And by walking upstairs it’s also possible to watch an executive’s presentation on the economics of cryptocurrency.

Also in the digital world, now it is the time for Universal Music Group to start investing in NFTs. The company is working to launch NFT projects with Curio, an NFT platform for entertainment. The goal is to work for UMG’s record labels, operating companies, and recording artists. 

According to a statement made by the company this week, UMG and its labels are focused on developing NFT projects that authentically engage and speak to their artists’ fan bases and new audiences.

The company also said that UMG is focused on developing new opportunities in this space that place their artists and labels at the forefront, working to ensure that the evolution of Web3 provides exciting new avenues for their creativity.”

Finally, in Klever News, Klever Wallet is extending its audience reach into China and globally via Huawei. The app is now available in the Huawei AppGallery allowing access to a global audience with an AppGallery reach of over 530 million monthly active users. 

Huawei AppGallery is Huawei’s own application store, similar to Google Play. In order to improve the overall user experience in the App Store ecosystem, the company constantly introduces new features and works hard to improve the ecosystem.

And in addition to Klever News, the company just announced the Validators Program: War of Nodes! Klever testnet is a series of competitive challenges where validators can learn, prepare, and earn points in order to prepare for the upcoming mainnet.

The testnet will be divided into 4 phases, each testing a different aspect of validating and securing the Klever blockchain network. Anyone can become a validator as long as:

  • You have the required skills to run a validator node;
  • Can provide 99.9% uptime of your validator node;
  • Have KLV to self-stake on your validator node;
  • Able to attract enough delegation in KLV to become an elected validator.

Validators Program – Klever War of Nodes campaign!

Klever testnet is a series of competitive challenges where validators can learn, prepare, and earn points in order to prepare for the upcoming mainnet.

Klever Chain testnet is in full swing ahead of Mainnet launch, and the next phase of testnet is about to begin: Validators Program, the War of Nodes!

Validators have a crucial role in maintaining the Klever network should they get elected on Mainnet. Once elected, the validator takes part in generating new blocks on the Klever Chain by reaching a consensus with other validators.

The testnet will be divided into 4 phases, each testing a different aspect of validating and securing the Klever blockchain network.

In return for their work and performance on Mainnet, they will receive rewards in KLV.


Klever now available in Huawei AppGallery

Klever Wallet is now available in the Huawei AppGallery, allowing access to a global audience with an AppGallery reach of over 530 million monthly active users.

Klever Wallet is extending its audience reach into China and globally via Huawei. Huawei AppGallery is Huawei’s own application store, similar to Google Play. In order to improve the overall user experience in the App Store ecosystem, the company constantly introduces new features and works hard to improve the ecosystem.

According to Richard Yu, Huawei Consumer BG CEO, Huawei’s app store has more than 530 million active monthly users, with 83 percent growth in in-app distribution every year.


WazirX, India’s favorite crypto exchange & NFT marketplace

Did you know, WazirX (WRX) is available in Klever Wallet?

WazirX is the best and most trusted exchange in India and a lot of people from India are getting into the crypto & NFT space. Nischal decided to build WazirX in 2018 alongside co-founders Sameer Mhatre and Siddharth Menon, the company has capitalized on the rising tide of retail traders investing in cryptocurrencies.

WazirX is India’s largest crypto exchange and has grown to be the most trusted exchange in the Indian crypto market. It is a part of the Binance group, which is the world’s largest crypto exchange, serving users in 180 countries.

New Features inside Klever Wallet include:

  • WRX (POLYGON / BEP20 / BEP2) Send/Receive/Store
  • all standard Klever Wallet functionality

What makes KleverChain a promise and a unique Blockchain?

Promising aspects can make the Klever Blockchain a unique and game-changing product

No one imagined Michael Jordan would become the Jumpman as we know him, or that he would be a part of the magic trio with Scottie Pippen and Dennis Rodman.

The same can be said with technologies. When Klever came to the game, some big players were already in town. The company didn’t give up, and it continues to thrive with its ideas to make a difference and shine brighter than all the stars.

Now, here comes KleverChain and some may ask “why a new blockchain when I have so much ‘stability’ in the market? What is different? Can it really be better than the others? Does it even have a chance?”

However, like a good investor, let’s get technical, shall we? Click below and discover the possibilities of a game-changer.


Avoid NFT scams, use official Klever channels

People are being lured into buying and selling outside of the official Klever platforms by scammers. Look for the warning signs and avoid NFT scams!

However, never fear – we are here to help and to give you more tips on how to identify and deal with that. First and foremost be wise and remember three major rules that can be resumed into one:

Don’t do anything outside the Klever NFT Marketplace official platform. 

  • Don’t buy anything outside the platform. Scammers wait for the payment to send the NFT, so they can disappear later. 
  • Likewise, don’t sell the NFT to the future buyer without a safe platform. 
  • Don’t make any P2P transaction via Telegram or any other chat platform (like Discord, Whatsapp, etc). 

If you can watch it closely, you’ll see that all of those scams revolve around the same item of the previous list of flags that we remembered at the beginning of our talk: beware of ‘Promises to Multiply your Money’. 


What is DeFi 2.0?

DeFi 2.0 is an updated version of DeFi, which disrupted the financial sector but had some problems that have been addressed in this version.

DeFi 2.0 is a new system built on the existing DeFi which primarily focuses on liquidity and incentivization.  

As DeFi was a revolutionary idea in providing decentralized financial services to anyone with a crypto wallet, DeFi 2.0 will add a feature that improves the current DeFi system.

DeFi 2.0 adds new features like meeting new compliance regulations like knowing your customer (KYC) and anti-money laundering (AML) that governments globally plan to introduce. It solves DeFi limitations like scalability, third-party information, centralization, liquidity, and security issues that have plagued the decentralized finance system till today.

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Disclaimer: This article is for informational purposes only. The information does not constitute an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Klever.Finance does not provide financial, tax, legal, or accounting advice. There is no responsibility on the part of the company or the author for any loss or damage arising from or related to the use of or reliance on any content, goods or services mentioned in this article.

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