PRESS RELEASE. CLEVER, a fully Decentralized Finance protocol, is set to bring added liquidity and extra value to its Ecosystem via the supported listing of its native CLVA token on popular decentralized exchange platform Uniswap.
Uniswap Listing Next Phase for Clever Ecosystem
The listing will occur on March 17 and marks the next phase in the roadmap of Clever DeFi. Clever DeFi just concluded its minting phase, which lasted for 30 days, where investors could purchase CLVA tokens at the lowest price available.
The initial 30-day minting phase ended on March 3, 2021, at 12:00UTC, with users spending 726,50 ETH to mint 339,927 CLVA tokens. To achieve adequate liquidity pool pairing on Uniswap, an additional 152,967 CLVA was minted from the Clever Protocol, equating to 45% of the total mint existing.
Clever DeFi will implement a strict liquidity schedule on listing to protect users and achieve more excellent price stability.
The following schedule over the first 3 Cycles will initiate as of March 17:
CYCLE 1: 31% liquidity added.
CYCLE 2: 8% liquidity added.
CYCLE 3: 6% liquidity added.
All added liquidity will be locked without key access in a cloud secure time-delay for a set period of 12 months. Also, ahead of the Uniswap listing, the initial listing price will be set using a median average calculated from the sum of all transactions throughout the minting phase.
Day 1 listing price will be pegged to at least 0.0025eth: 1 CLVA and will start active trading via UniSwap on March 17 through the CLVA/ETH pair. Once listed on Uniswap, CLVA tokens will be available to retail investors who can purchase the tokens and store them in ERC-20 supported wallets like MetaMask.
DeFi platforms and Automated Market Makers like Uniswap provide a powerful opportunity to help overcome liquidity challenges. They require no or low listing fees, yet their trading volumes can be as high as top exchanges.
Clever team expects…