AMA with Clever
Welcome to the recap of our AMA with Clever!!
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Clever is about, we are sure this recap is gonna help you. So without further ado, continue reading
Introduction with Clever
BILLY D/C:
Q1. Can you tell us about how experienced is the founding team of Clever Defi ? @BryanLegendCEO
Bryan Legend:
Sure. As the face of Clever DeFi, I myself have been in the crypto for over 8 years and bring a wealth of knowledge to the space. I also bring guru marketing and sales skills to the table from my entrepreneurial experience. I am well known in the crypto community to the many people that trust in my ability to deliver beyond expectations.
Aswell as having many established media and PR contacts and partnerships with two major marketing firms, we also have a development arm that has put together a grilling amount of work hours developing the Clever Protocol to what it is today. The Clever Protocol is fully complete and 100% deployed on mainnet, meaning there is no further development required.
Clever DeFi was released as a full working product/protocol prior to beginning the initial minting phase
BILLY D/C:
Q2. Can you tell us what issues is Clever Defi planning to solve ? @BryanLegendCEO
Bryan Legend:
The traditional banking system has its flaws and as such the cryptosphere views it as an inevitable change to a digital age using blockchain technology by embracing a new decentralized system.
Clever DeFi is the world’s 1st fully autonomous compound interest paying protocol that absolutely guarantees set interest payouts to our native token CLVA holders. All interest rates, dates, cycles are already pre-coded into the smart contract itself with full decentralization under a complete DeFi system.
Issues with old traditional bank savings accounts:
1) Trust to a centralized body.
2) Potential backscene government corruption.
3) Bail-in laws that allow banks to take your money.
4) Low savings interest at only a 2%/yr average.
Clever DeFi solves this by:
1) You own your own CLVA holdings, your own keys, your own wallet.
2) Pure DeFi protocol — No team tokens — Initial CLVA supply was ZERO. All tokens minted by individual users and are all in circulation.
3) No lock-ins, No Staking, No Terms. You own your own crypto without conditions. You can buy/sell/send/receive whenever you want with no fees or conditional rules.
4) Guaranteed compound interest every Cycle (14 days) of 307%/yr PLUS >
5) No gas-fees.
BILLY D/C:
Q3. Can you tell us about the private sale, token allocation etc.? @BryanLegendCEO
Bryan Legend:
There was no private sale. CLVA was released at a ZERO supply and was strictly offered on a mint-only basis for 30 days to all retail investors during Feb 1 — Mar 3. The minting phase has completed forever so the total supply of CLVA is now sitting at 566,745 and there will be no more minted except for the interest each cycle to holders.
The team also has no initial supply of CLVA. The whole decentralized system was created to achieve a true free market without any way for market manipulation.
BILLY D/C:
Q4. What is Clever Defi planning to achieve further this year? @BryanLegendCEO
Bryan Legend:
Adoption of CLVA on a much larger scale by achieving top 25 market cap status by December 2021.
Community ask Questions by Twitter
BILLY D/C:
Twitter question no 1.
From : @BillRyen
What is the staking mechanism and how will it work with regards to inflation? how can you deal with security and Scalability?
Bryan Legend:
Clever DeFi will set in stone a leading example in 2021 for the 1st ever Yield Farming platform without any terms or staking. Staking is a thing of the past. The new age is moving toward an effortless, easy and autonomous way of receiving set interest distributed from a DDM protocol that guarantees automatic compound interest, that is way above the % rate of any other yield farming platform that exists in the crypto space right now.
BILLY D/C:
Twitter question no 2.
From : @Cryptolover369
Security & User Interface are the Most Important Aspect that Users see on a platform. How has Your Project worked on this? Is Platform suitable for Newbies in the crypto world?
Bryan Legend:
Clever DeFi is arguably the most easiest way for Newbies to get into crypto and earn interest on their wealth. Simply the only thing they need to do is buy and hold. This is the only thing that any CLVA token holder needs to do is HODL. As long as you hold CLVA in any compatible ERC20 wallet on the blockchain — our protocol will automatically pay the set amount of interest to you no questions asked at time of Cycle completion according to our Whitepaper schedule.
As far as security & compliance; the Clever Protocol has been independently audited with a fine-tooth comb numerous times over with a complete green checkmark where there are no vulnerabilities regarding the code or deployment. The Smart contract has also been verified and is public for anyone to check themselves via Etherscan or alternative.
BILLY D/C:
Twitter question no 3.
From : @BeaEvolet
This is a silly question but I’m sure many users would like to know, how does CLEVER manage to offer such high returns? And how is it possible that sitting from my couch my assets multiply only by retaining CLV?
Bryan Legend:
Clever DeFi got its name from being a cut above the rest, for being smart and intelligent itself to have been programmed to distribute fortnightly payments to CLVA token holders without staking or terms.
Our Whitepaper and Technical Report explains how this is achieved through the unique use of an internal denomination called Frags. Basically, through the rising demand and short supply of CLVA will increase its token price and the utility and technology behind it gives it it’s value.
The easiest way to understand where the interest comes from is by comparing the use case for Bitcoin VS Clever; Bitcoin has a halving event each 4 years with a total supply of 21 million Bitcoin VS Clever which has an inflation/minting of new tokens every 14 days instead of 4 years with a total supply of only 9.5 million which will be reached in 34.15 years.
Community ask question by Website
BILLY D/C:
Website question no 1.
From : @davidsakaka
What makes #Clever different than other Platforms projects? Could you tell us some Extra-ordinary functions & objectives of $Clever tokens which attracts more Investors towards $Clever token?
Bryan Legend:
World’s first pure-DeFi project with zero team tokens and complete decentralization.
Guaranteed interest payments each fortnight written into the smart contract. Non changeable.
No staking, terms, lock-ins, or fees VS other yield farming platforms.
High interest rate that blows all other yield farming projects and traditional banks out of the water.
BILLY D/C:
Website question no 2.
From : @Lucky_Star_1704
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Bryan Legend:
Clever DeFi was released to the public with our protocol already 100% completed, released and working. Moreover, there was no ICO capital raise at all, rather there was only a 30-day minting phase conducted.
There is no “roadmap” for Clever DeFi because it is not required since everything is already done and working. The only objective for us is to gain user adoption by excelling at our marketing efforts throughout the course ahead.
BILLY D/C:
Website question no 3.
From : @OneHitDie
Can you list some great features of $Clever that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Bryan Legend:.
World’s first pure-DeFi project with zero team tokens and complete decentralization.
Guaranteed interest payments each fortnight written into the smart contract. Non changeable.
No staking, terms, lock-ins, or fees VS other yield farming platforms.
Upto 307%/yr interest rate VS other yield farming projects and traditional banks.
34 Year vision, 888 fortnightly cycles.
Telegram live Questions answered by Clever
Q1 from Che Tut:
Why don’t you have gas-fee?
Bryan Legend:.
We do things in a really efficient and unique way through many pain staking man hours of development in the Clever Protocol. More information about this can be downloaded in our Technical Report http://clva.com/CLVA_Technical_Paper.pdf
Q2 from Marie Stoltenberg:
Now that technology is changing every second, are you afraid that in the future CleverDefi will lag behind new projects with newer technologies? Do you have a plan for this?
Bryan Legend:.
For more information about the pre-sale join our telegram @hugofinance or visit our website https://hugo.finance
Q3 from Lysanne Harvey:
why Choosing CleverDefi as project name?
Bryan Legend:.
The “Clever” name was born out of the smart intelligent fabric of the Protocol itself. It’s capabilities and features are unrivalled.