Historical Tokenomics

Note: The following tokenomics information reflects the legacy design of the KLEVA Protocol’s token economy (as of early 2025). These details are provided for historical context. This section outlines the historical token supply and emission model under the legacy Kleva Protocol, prior to its migration to the Kleva AI platform. The information is included for reference only. Future updates regarding the token model for the Kleva AI platform will be announced in due course, and the tokenomics may be subject to change.

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KLEVA Token Overview: KLEVA is the core governance and utility token of the Kleva ecosystem, playing a central role in the economic incentives of the platform. From the start, KLEVA was designed to capture the value generated by the protocol and reward participants. A portion of the platform’s revenue (performance fees, interest, etc.) is used to buy back and burn KLEVA, aligning the token’s value with the success of the ecosystem.

• Emission and Supply: KLEVA tokens were originally issued continuously with each new block after launch. The initial design started with 1.33 KLEVA minted per block, adopting a sliding emission model where the issuance rate decreases by ~25% each year (equivalent to ~10% reduction per month). This model was intended to gradually reduce inflation. Later, through a token economy revamp, a maximum supply cap of ~95,349,364 KLEVA was introduced. Early 2024 saw the token’s issuance on the Klaytn chain halted and the token migrated to the WEMIX3.0 network, effectively fixing the total supply around the 95 million mark.

• Current Supply (as of April 2025): Approximately 68,919,558 KLEVA are in circulation. At that time, the circulating market capitalization was around $3.62 million USD (roughly ₩4.7 billion KRW), with KLEVA trading at around $0.0525 (about ₩70) per token, placing it at about rank #1387 by market cap on CoinMarketCap. KLEVA tokens are available for trading on major exchanges such as GOPAX (a centralized exchange) and on decentralized exchanges like KLAYswap and ClaimSwap.

• Deflationary Mechanisms: KLEVA’s tokenomics incorporate deflationary measures to support its long-term value. For instance, 10% of all lending interest on the platform is used to buy back and burn KLEVA. A portion of performance fees is also allocated to buybacks and burns, and 100% of liquidation fees are used for buyback & burn. (Notably, 30% of the accumulated buyback funds at the time of a burn can be reserved for emergency situations like covering bad debt, ensuring stability, while the rest is burned.) These mechanisms mean that as the platform grows and generates more fees, more KLEVA is removed from circulation, counteracting inflation and aligning incentives for token holders.