AMA RECAP CRYPTOSCREEN WITH CLEVER DEFI

On 22 January 2021, Clever Defi conducted an AMA in the Cryptoscreen Community. Our guest is Bryan Legend , CEO of Clever DeFi

Lots of questions as usual from the Community about Clever DeFi progress. The Clever DeFi team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Cryptoscreen community. If you missed the AMA in person, read this recap for a deeper insight into Clever DeFi.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION

Please give us a short introduction about your Team and your Project.

Bryan Legend :

The Clever Protocol is the first ever 100% pure DeFi project that guarantees automatic interest paid to all CLVA token holders each fortnightly cycle. It is the best way to store wealth with no lock-in periods, staking or any strings. Each token holder has the full flexibility to hold, buy, sell or send any amount of tokens at any time and are in full control of their own tokens at all times. The entire protocol and interest cycle system works on-chain and has been fully audited and verified.

Jason Berniklau :

Can you tell us what a clever token means?

Bryan Legend :

The name Clever speaks for itself as the entire protocol is made up of multiple smart contracts which interlace with each other and operates intelligently and smartly to disperse interest payments over 888 pre-programmed cycles.

Jason Berniklau :

How does CLVA work?

Bryan Legend :

The best way is to spend 3 minutes to watch our easy explainer: https://youtu.be/_v_qU9ZijE4

Jason Berniklau :

What are the ways that your project generates profits/revenue to maintain your project and what is its revenue model?

Bryan Legend :

The Clever protocol itself is preprogrammed to pay automatic interest payments on-chain to all token holders. The token holder themselves does not need to lift a finger at all since the protocol itself does all the work. The token holder earns interest each fortnightly cycle aswell as making more profits from the rise of CLVA token value at market value by sale at exchange. The Clever Team takes a fraction of revenue (0.1%) each cycle which is used to further add liquidity into markets aswell as maintain and improve the protocol.

Jason Berniklau :

Have you met all your goals in the roadmap till now? And were there any difficulties that you didn’t expect and were not prepared for?

Bryan Legend :

The entire Clever protocol is fully developed and deployed. Technically there is no ‘roadmap’ since we have already delivered a full working product. The only ‘difficulties’ were in the past by developing and coding the entire protocol itself which is now complete. There are no foreseen complications that should arise in future and theoretically this is impossible to happen since there is no further development that requires actioning.

TWITTER QUESTIONS

Q1. What problems do you see occurring in the blockchain industry nowadays and how does your project aims to solve these problems?

Bryan Legend :

One of the biggest problems that the industry has faces is still scrupulous projects popping up with a short end game to issue a ton of free token to themselves as the team behind it by dumping tokens on the market and sucking up the liquidity from all the retail market that are none the wiser.

CLEVER has solved this issue by deploying a protocol that starts as a completely zero initial supply with no team tokens issued. This prevents the latter from happening and offers up a greater liquid environment for the masses.

Jason Berniklau :
Why do you think $CLVA token is necessary for your project? What is the main role of $CLVA in your project? What are the benefits of holding $CLVA in long-term?

Bryan Legend :
Stepping away from traditional banking and accepting digital currency is where the industry as a whole is gearing toward in small strides. Traditional banking do not offer great incentives to their customers together with low interest rates for savings accounts. This is where CLEVER steps in to offer a much more attractive interest rate paid fortnightly, compounded. It is a way to store your wealth yourself in an asset that is guaranteed to always pay the amount of interest promised.

Jason Berniklau :
Q3. Institutional investors are risk averse and cryptocurrencies are very risky. How do you convince them to come into the crypto space and invest in Clever products?

Bryan Legend :
This lends itself to greater adoption and the simple answer is; time. With time comes greater trust and with greater trust comes more adoption. There is no hard and fast way to speed up this process if you are focused on the long-term which CLEVER most certainly is (34 years).

Jason Berniklau :
Q4. What is the real target of Clever ? is it intended only for publications or could it also be implemented in contracts between people? How far do you want to take Clever ?

Bryan Legend :
I am not sure what you mean by “publications” as this is not the use case for CLEVER. The target is to naturally onboard the masses to accept CLEVER as hard money by storing their wealth in the CLVA asset. The advantage here is security by managing their own keys, transparency with on-chain data and profits by way of fortnightly interest without any staking requirements, contracts or terms.

Jason Berniklau :
Q5. Security is very important so,how about CLEVER DEFI security systems? Is it enough safe bcos recently many exchanges get hacked and what makes CLEVER DEFI different from other project?

Bryan Legend :
The CLEVER Protocol is made up of 3 individual smart contracts that combined share over 4,000+ lines of code that has been audited by numerous qualified parties aswell as verified on Etherscan. The code is sound and anybody can see it themselves to also come to the same conclusion of it not being able to be amended, nor hacked. CLEVER Protocol is a completely decentralized finance product (DEFI) which lends itself to the idea of no central authority needing to protect it so there is no ability for it to be compromised at all.

LIVE/ FREE QUESTIONS

Q1. What is CLEVER fairness and transparency? What technology of CLEVER helps ensure fairness and transparency for users?

Bryan Legend :

A) We have a moral compass which we hold in high value as a team. We have been transparent from Day 1 along with the entire Clever protocol which has been audited and again can be transparently seen via Etherscan code. On top of this, the Clever Portal will undergo Stage 2 which will show all on-chain dynamics, interest payments, cycles, etc.

Q2. what is CLEVER ? Where does ” CLEVER ” name comes from ? What it’s stand for?

Bryan Legend :

CLEVER’s name was born from the smart way the protocol acts and distributes set interest payments on-chain without any need for user intervention. It is also smart/clever because there is little to no gas used within the protocol distribution which means it will have an upper advantage to be used in the long term for which it is designed for.

Q3. Can you explain how is your Tokenomics Distribution? How many Klever DeFi tokens Will be minted ? And How many tokens Will be locked by the team?

Bryan Legend :

A) Sure, ZERO tokens held by the team = ZERO initial supply. The total supply of CLVA will equal the total amount minted after Day 30 of the initial mint phase. Then the set % interest minting on each cycle will increase the supply till the end of the 888 cycles. The team only receives 0.1% of each cycle mint to maintain and improve the Clever Protocol.

Q4. What are your plans to educate and raise awareness and adoption among the community to make more people understand CLEVER and its technology?

Bryan Legend :

A) Marketing and media presence. We have already completed Stage 2 of this. Now the next stage is to ramp things up heavily through banner advertisements and billboards. This will take place from Feb 1st – March 2nd.

Q5. 🚩Q.Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

Bryan Legend :

A) There is no value or motivation for us to do this. Simply it would not be financially viable since: we do not hold any ‘free’ tokens ourselves. So pulling a rug is no point since we have no tokens to sell ourselves. Clever is a long-term project that aims at helping the masses/retail investors and as such we act as a more so non-for-profit project. The minimal 0.1% fee we take is to maintain and improve the network. It is not for sole gain.

Jason Berniklau

Team of cryptoscreen

 

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