Klever, a prominent player in the blockchain and cryptocurrency industry, announced a significant $20 million investment commitment from GEM Digital Limited, a Bahamas-based digital asset investment firm. Klever’s equally distributed capital injection across KLV and KFI tokens highlights growing confidence in Klever’s mission to transform the blockchain and web3 environment to make it more user-friendly and inclusive.
Located in the heart of the Caribbean, GEM Digital Limited actively sources, configures and invests in utility tokens listed on over 30 centralized and decentralized exchanges around the world. The $3.4 billion alternative investment group, with offices in Paris, New York and the Bahamas, manages a variety of investment vehicles focused on emerging markets. GEM’s extensive experience conducting 530 transactions across 72 countries brings invaluable expertise to this partnership.
Klever’s allocation of $10 million to each of its KLV and KFI tokens signals strong belief in the project’s vision. Klever’s mission has always been to democratize finance and make it accessible to everyone. This investment will play a pivotal role in achieving that goal.
Often described as a peer-to-peer network for everyone, Klever embodies the concept that finance should have no boundaries. Since launching its first blockchain wallet in 2017, Klever has been working to simplify blockchain technology and make it accessible to users around the world. The blockchain ecosystem allows users to easily invest, stake, create, and manage decentralized digital assets.
One notable achievement is that through Klever, Nigerians Clever WalletFurther expanding the scope of blockchain-based financial services.
In a world where financial services are perceived as exclusive, slow, expensive and complex, Klever saw an opportunity to provide financial tools that transcend social status, gender, religion or nationality. With this new investment, Klever is poised to accelerate its mission to make peer-to-peer financial services accessible to everyone across public blockchain networks without borders.
Additionally, Klever’s commitment to the open source movement demonstrates Klever’s commitment to transparency, collaboration, and community-driven innovation. Klever aims to contribute to the development and adoption of blockchain technology by embracing open source principles, making it more powerful, secure and versatile. This approach is consistent with Klever’s ethos of empowerment, inclusivity, and continuous learning within the blockchain community.
According to Klever, it retains full control over the timing, price, and quantity of tokens sold under this contract. This strategic approach ensures that Klever’s actions are aligned with market conditions and long-term vision and emphasizes its commitment to responsible and thoughtful expansion.
Klever’s latest developments, Clever 5 (K5), representing a significant advancement in cryptocurrency wallet technology. Built on KleverOS, K5 delivers advanced security, fast transaction speeds, and a feature-packed user experience. It supports a variety of cryptocurrencies and offers features such as in-app cryptocurrency purchases and exchanges, integration with payment providers such as Simplex and MoonPay, and access to a wide range of decentralized applications. Klever’s commitment to providing high-quality, secure, and user-friendly cryptocurrency wallets is evident in a development process that includes rigorous testing and community feedback. With over 3.5 million users, Klever Wallet has established itself as a significant player in the global blockchain and cryptocurrency market.
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