Clover, which is an alumni of CoinList Seed, aims to serve as a “foundational” layer for cross-chain compatibility. The developers are focused on creating a bridge between Ethereum (ETH) and Polkadot (DOT).
As noted in the announcement:
“The community sale will take place on April 20th at 17:00 UTC, while Rounds 2 and 3 will take place on April 21st at 17:00 UTC and 20:00 UTC respectively. The three price tiers are available to all eligible* participants:”
- Community: 75M tokens, $0.20 “per token, 12-month lockup”
- Round 2: 40M tokens, $0.29 “per token, 6-month lockup”
- Round 3: 35M tokens, $0.35 “per token, 40-days lockup”
As explained in the update from CoinList, Clover is a Substrate-based decentralized finance (DeFi) service platform implemented on Polkadot. Clover aims to offer an easy-to-use interoperable blockchain infrastructure via its “extensive” support for Ethereum’s EVM (or Ethereum Virtual Machine) based apps and a “wide range” of implemented developer tools.
As mentioned in the update, “through its smart core like Clover Scan and Clover multi-chain extension wallet, Clover aims to bring the smoothest and most advanced DeFi experience to its users.”
Here’s Why CoinList and community members may be “Excited” about Clover:
- SPV chain simulation Technology: To achieve a new level of interoperability, Clover “created a built-in SPV chain simulation technology to enable seamless cross-chain communication and trustless two-way pegs between Turing-complete blockchains and Non-turing-complete blockchains.”
- EVM compatibility: Ethereum developers can “simply replicate existing dApps and deploy it to Clover using MetaMask, Truffle, Remix, and other familiar development tools.” The Clover Developer Incentive Program “creates passive income streams for contract developers.” By “re-parameterizing the gas distribution model to direct gas fees to both network maintainers and dApp builders, Clover seeks to ultimately foster a stronger DeFi ecosystem altogether.”
- Gas fee Innovation: Clover has “redesigned freeconomics to allow relayers to act on behalf of the sender where they can cover gas fees in the base currency and receive compensation in the denominated asset.” Transaction fees will be “deducted directly from the transacted assets.” Clover also supports an identity-based gas fee schedule, which “allows frequent users to pay a lower gas fee according to their usage of the network.”
To learn more about this offer posted by CoinList, check here.
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