Open the Door to Greater Activity on KleverChain!

General Discussions
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Dear Klever Developers and Users,

As the blockchain industry experiences a boom in meme tokens, it’s crucial to address a pressing issue that is currently restricting the growth and potential of KleverChain. The high cost of asset creation is creating a barrier to mass adoption and limiting network activity, which in turn affects the number of transactions and stifles innovative projects.

To illustrate, consider Facebook’s early strategy. Initially, they focused on growing their user base rather than monetizing the platform. This approach allowed them to build a robust, engaged community, which set the stage for successful monetization later. Similarly, by prioritizing accessibility and reducing costs now, we can pave the way for greater success and innovation.

Comparative Analysis:

Currently, KleverChain has significantly higher fees for asset creation compared to other blockchains:

  • KleverChain: $42.28 (20,000 KLV)

  • TRON: $3.18 (20 TRX) *sunpump

  • TON: $1.63 (0.23 TON)

  • SOLANA: $ 00 (*pumpfun) - $14.00 (0.1- 0.013 SOL)

  • POLYGON: $0.4 (0.16 MATIC)

*Prices may vary. Please conduct your own research to determine the cost at the time of payment.

This stark contrast highlights the need for a reduction in KleverChain’s fees to enhance accessibility and competitiveness in the market.

We propose a solution: reduce the cost of asset creation by 90%. If accepted, this will lower the fee to 2000 KLV, making KleverChain more accessible and attractive to creators of meme tokens and NFTs. This step will open the door for more assets and significantly increase network activity.

Concerns may arise that lowering fees could lead to an increase in scam tokens and dubious NFT creators. However, high fees are not a reliable deterrent, as scammers can always invest more to circumvent these barriers. Instead, we are committed to fostering a decentralized and self-regulating ecosystem where unnecessary restrictions are avoided. The market will naturally adapt by developing advanced tools for thorough investigation and informed decision-making.

Benefits of this Proposal:

  1. Increased Network Activity: Lower creation costs will attract more projects and users to KleverChain, leading to higher transaction volumes and greater overall engagement.

  2. Enhanced Ecosystem Growth: A more affordable platform will stimulate innovation and diversify the types of assets and applications on KleverChain, enriching our ecosystem.

  3. Value for KLV Holders: Increased network activity and demand for tokens will likely have a positive impact on the value of KLV, benefiting all holders.

  4. Strengthened Market Position: Competitive pricing will position KleverChain more favorably against other platforms, helping to attract new users and projects.

How to Vote:

To support this proposal, you need to be a holder of KFI governance tokens. Here’s how you can participate:

  1. Freeze Your KFI Tokens: Begin by freezing your KFI tokens in your KleverWallet.

  2. Access the Proposal: Click on the link provided below to open the proposal page.

  3. Review the Details: Carefully read through the proposal details.

  4. Cast Your Vote: Choose the amount of KFI tokens you wish to vote with. If you fully support the proposal, select your entire KFI balance and confirm your vote. Voting is free, and your KFI tokens will remain in your balance. You will only incur a small network fee.

We strongly encourage you to support this proposal and participate in the voting process. Your vote will play a crucial role in making KleverChain more dynamic and inclusive, paving the way for a more innovative and thriving blockchain environment.

Best regards,

The Xport Labs Team

9 Likes
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While the proposal to reduce the token creation fee on KleverChain has its merits, it is essential to consider the long-term implications of such a decision. Here are several reasons why the current fee should be maintained or even raised:

  1. Ensuring Quality Over Quantity

Reducing the fee could lead to a flood of low-quality or scam tokens, which could overwhelm the platform and dilute the value of legitimate projects. By maintaining a higher fee, KleverChain can ensure that only serious and committed projects are launched on the network. This quality control mechanism helps preserve the integrity of the ecosystem and builds trust among users and investors.

  1. Maintaining Network Security and Stability

A higher token creation fee can act as a deterrent against malicious actors who might try to flood the network with spam tokens or initiate attacks. By keeping the fee at its current level or even increasing it, KleverChain can maintain a secure and stable environment where legitimate projects can thrive without the risk of being overshadowed or disrupted by bad actors. This approach reinforces the security of the network and protects the interests of all users.

  1. Sustaining the Ecosystem’s Financial Health

The current fee structure provides necessary revenue for the maintenance and development of the KleverChain ecosystem. A reduction in fees could lead to a shortfall in these revenues, potentially compromising the ability to support ongoing improvements and innovations. In contrast, maintaining or increasing the fee ensures that there are sufficient funds to invest in the platform’s future.

  1. Protecting Token Value

A high token creation fee serves as a barrier to entry, which can help protect the value of KLV by preventing market saturation. If the market becomes flooded with new tokens, the value of existing tokens could be diluted, negatively impacting KLV holders. By keeping the fee high, KleverChain can help sustain the value of the native token over the long term.

  1. Encouraging Responsible Innovation

While a lower fee might attract more projects, it is crucial to attract the right kind of projects—those that are well-conceived, well-funded, and have a long-term vision. A higher fee acts as a natural filter, encouraging developers to thoroughly plan and fund their projects before launching, leading to a more stable and sustainable ecosystem.

  1. Aligning with KleverChain’s Long-Term Vision

KleverChain’s strength lies in its commitment to creating a secure, reliable, and high-quality platform. By maintaining or raising the token creation fee, KleverChain can continue to build a strong, trusted brand that attracts serious investors and developers. This approach may sacrifice short-term gains in user numbers, but it will contribute to the platform’s long-term success and sustainability.

Conclusion

While reducing fees might increase network activity in the short term, it could also lead to several unintended consequences, including a decline in the quality of projects, network security risks, and a potential devaluation of KLV. By maintaining or raising the fee, KleverChain can protect its ecosystem, ensure sustainable growth, and attract high-quality projects that will contribute to the platform’s long-term success.

3 Likes
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You’re focused on protecting users from low-quality assets, but it’s important to remember that a decentralized community, like a market economy, can self-regulate and tackle challenges naturally. High network fees aren’t an effective shield against scam tokens—they just reduce network activity and make it harder to compete with other blockchains. Instead of imposing unnecessary restrictions, we should concentrate on creating tools that help users make informed investment choices.

3 Likes
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That’s a great offer. My vote is in favor!

1 Like
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meme tokens shouldn’t be equated with utility tokens—they are a completely different phenomenon. For many, buying meme tokens is like playing a game. People are aware they might lose money, yet they still choose to buy them and actively participate in building new communities. So why restrict them? People aren’t as helpless as some might think, and they don’t need protection because, for them, it’s just a game.

However, while meme tokens can drive significant activity and bring new users into the blockchain space, it’s essential to acknowledge the risks involved. Educating users can help ensure that meme tokens flourish without compromising market stability. Additionally, these communities often foster innovation and creativity, leading to the development of new technologies. We should focus on supporting these positive aspects rather than imposing unnecessary restrictions

1 Like
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We need to use the experience of other blockchains. As we see, in all leading blockchains the commissions are much lower and this did not harm them

2 Likes
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Lowering the fees for creating tokens and NFTs is a strategically important move that can significantly boost the development of the ecosystem and encourage innovation. Reduced fees make it easier for a wider range of people to create tokens, leading to an increase in the number of new projects and ideas. This surge in activity attracts attention and helps establish new trends. Consequently, there will be a growing demand for supporting infrastructure, such as monitoring tools, analytics, and fraud prevention systems.

The process of building an ecosystem often begins with a period of rapid growth, akin to the “Wild West,” where many new projects emerge. This initial burst of activity is crucial, as it drives the creation of new directions and identifies market needs. Over time, based on experience and learning from mistakes, norms, standards, and essential tools are developed, leading to a more mature and resilient market.

Of course, lowering fees comes with its own set of risks. An increase in the number of projects can lead to a rise in fraudulent tokens and scams, potentially undermining trust in the platform and making it harder to identify valuable projects. These risks are inherent in the process of growth and development. It is essential, therefore, to implement concurrent measures to enhance security and monitor new projects to minimize potential threats.

In conclusion, while lowering fees involves certain risks, it provides a necessary impetus for initial growth and development within the ecosystem. Organic market evolution, driven by successes and failures, will eventually lead to the creation of a more mature and robust infrastructure, ultimately adding value to the blockchain space.

3 Likes