CLV
About CLV
The price of CLV (CLV) is $0.03870761 today, as of Sep 16 08:27 p.m., with a 24-hour trading volume of $6.06M. Over the last 24 hours, the price has decreased by -8.95%. CLV currently has a circulating supply of 1.00B and a market cap of $38.71M.
CLV is the native token of what was formerly known as Clover Finance, a layer 1, or base layer, blockchain optimized for porting cryptocurrencies across multiple chains, notably Ethereum and Polkadot. CLV is not to be confused with clover, a cryptocurrency that also trades under the ticker CLV.
CLV launched in July 2021 at $0.86. It hit its all-time high of $1.88 on August 17. CLV then spiraled downwards, sinking to $0.12 by June 2022. The coin’s market cap peaked at $272 million in November 2021 but had fallen to $33 million by June 2022.
CLV launched with a total supply of 1 billion tokens. The project sold 15% of its supply in three token sales on CoinList in April 2020. These tokens were not subject to any lockups. A private sale, which sold off another 2.5% of the tokens, was subject to an 18-month vesting period.
The founding team kept another 10%; the Foundation, the nonprofit that stewards the protocol, kept another 12%. Early backers kept 10%, 7.5% of tokens were allocated to market the protocol, and a contributor's grant received 3%. A final 40% was used to incentivize people to use the ecosystem and rent space on Polkadot. All these tokens were subject to a 36-month vesting period.