How To Buy ClearDAO (CLH)?

A common question you often see on social media from crypto beginners is “Where can I buy ClearDAO?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports ClearDAO (CLH)

First, you will need to open an account on a cryptocurrency exchange that supports ClearDAO (CLH).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase ClearDAO (CLH) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy ClearDAO (CLH)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for ClearDAO (CLH) or ClearDAO (CLH) trading pairs. Look for the section that will allow you to buy ClearDAO (CLH), and enter the amount of the cryptocurrency that you want to spend for ClearDAO (CLH) or the amount of fiat currency that you want to spend towards buying ClearDAO (CLH). The exchange will then calculate the equivalent amount of ClearDAO (CLH) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of ClearDAO (CLH) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy ClearDAO (CLH)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is ClearDAO (CLH)?

ClearDAO is positioned as an open protocol for derivatives, which makes it possible for patrons of the ecosystem to control their risk efficiently and rationally. Users of the platform can effectively take on buying and selling positions in a seamless manner to create financial derivatives within a defined risk profile. 

ClearDAO has evaluated the market for OTC derivatives in the traditional markets, and based on this, is bullish that DeFi derivatives can assume surging volumes and capitalization profiles in the days ahead. By placing its focus on developing an open platform, ClearDAO has sought to overcome the limitations of existing DeFi derivatives, which are geared towards just their platforms alone with no room for other projects or developers.

The twin part to the limitations of present DeFi derivative platforms is the offer of just exchange-traded derivatives, which is a far cry from the jostle for bespoke derivatives in the marketplace as the traditional derivatives market has already shown.

In the real breath of decentralized finance, restricted participation, or a failure to go open source narrows the possibilities that blockchain has opened the world to in recent years. ClearDAO has emerged as a shining light of decentralization and open-source platforms in this regard.

How does ClearDAO work?

The SDK or Software Development Toolkit offered by ClearDAO comes with templates and requisite tools that will make it possible for developers and interested traders to create notes, futures, options, and swaps in a definitive and cost-effective manner. Marketplaces will also be supported on the platform and third parties can trade their products as they deem fit, while aligning with the procedures and architecture of ClearDAO.

ClearDAO has three components to its SDK, and the derivative workshop, which allows developers to create their custom-fit derivatives with the aid of ready-to-use tools is integral to its design. The platform also has in place an open marketplace where the open-source code is made available for the use of white label exchanges. Lastly, there are risk management tools that include cutting-edge quantitative risk data that traders can use for macro hedging and portfolio risk management.

For the purpose of accessing real-time data outside the platform and across blockchains, Chainlink Oracle will be integrated to make this possible. Several leading DeFi projects already rely on ChainLink for similar services, and ClearDAO does not intend to reinvent the wheel in this regard. Chainlink is reputed for securing platforms with billions of dollars’ worth of transaction values on an ongoing basis, providing a shield against flash crash events, flash loans using data manipulation attacks, and other possible loopholes.

Who are the founders of ClearDAO?

There are 20 team members in the ClearDAO project that work on a full-time basis, and they have an excellent background in flow and structured derivatives as well as hands-on DeFi trading and sales, blockchain technology and global traditional media functionalities.

A good number of team members were early participants in the cryptocurrency marketplace and development, covering such areas as accessing seed capital, marketing, and community building, as well as the development of core technology architecture.

What is the CLH token?

CLH is the ClearDAO token, and it is geared towards governance, enabling holders to vote on proposals and submit recommendations. The SDK of clearDAO is the eminent product of the ecosystem and when the roadmap is fulfilled, members will be able to proffer pathways to enhance or expand it.

Users of the ecosystem will pay for trading fees using CLH as well receive payouts using the native token of the project. While the governance angle to CLH is foremost, token holders will also be able to stake them for attractive rewards and yields. The ecosystem is open to adding further utilities to CLH as the ecosystem consolidates.

ClearDAO development updates in 2023

ClearDAO (CLH), a project focusing on decentralized finance (DeFi) derivatives, has had a significant year in 2023 with numerous developments. Here’s an overview of the key updates and advancements in the ClearDAO ecosystem:

• Token Listing on KuCoin: ClearDAO’s project token, CLH, was listed on KuCoin on January 7, 2023. The listing of the CLH/USDT trading pair made ClearDAO the first KuCoin Spotlight project of the year. This listing on a major exchange was a significant step for ClearDAO, enhancing the token’s visibility and accessibility to a broader audience of investors and users​​​​.

• Fundraising and Strategic Investments: ClearDAO raised 3 million dollars through seed and private sales. The project received backing from notable strategic investors including Huobi Ventures, LD Capital, KuCoin Labs, WOO Ventures, and Gate.io. This funding and support from key players in the crypto space highlight the confidence and potential seen in ClearDAO’s approach to DeFi derivatives​​​​.

• Multi-Blockchain Strategy and Development: ClearDAO has been actively developing its decentralized crypto derivatives factory, providing developers with SDK and tools to create crypto derivatives and marketplaces. The project has completed the template development of various derivative products such as options, notes, perpetual futures, and Credit Default Swaps (CDS). Moreover, ClearDAO has adopted a multi-blockchain strategy, supporting Ethereum, BSC, Solana, and Arbitrum. This approach not only diversifies the project’s reach but also caters to a wider range of users across different blockchain ecosystems​​​​.

• Addressing Industry Challenges: ClearDAO aims to tackle three major pain points in the crypto derivatives sector: the lack of derivative variety, absence of risk management, and the need for derivatives for new asset classes like NFTs. As the DeFi sector matures and gains more institutional adoption, ClearDAO envisions an increase in the market share of derivatives. By facilitating the creation of bespoke derivatives, ClearDAO is set to play a pivotal role in the growth of this sector​​​​.

• User Experience and Barrier Trading Marketplace: Focusing on user experience, ClearDAO launched a proof-of-concept barrier trading marketplace on several testnets. This initiative attracted over 3000 participants, who provided valuable feedback. The project emphasizes a clean and intuitive user interface to enable users to complete trades easily. This focus on user experience is crucial in making DeFi derivatives more accessible and user-friendly​​​​.

• Upcoming Launch of Clear SDK v1.0 and Developer Program: ClearDAO planned to launch the Clear SDK v1.0 in the first quarter of 2022, along with the initiation of a developer program. This program is aimed at providing technical support, funding, and marketing resources to promising development teams. The ClearDAO ecosystem is envisioned to include multiple derivatives exchanges run by different teams, offering a diverse array of derivative products. This approach signifies a commitment to fostering innovation and collaboration within the DeFi derivatives space​​​​.

These developments highlight ClearDAO’s commitment to innovation and growth in the DeFi derivatives sector. The project’s multifaceted approach, including strategic partnerships, technological advancements, and user-centric initiatives, positions it as a notable player in the evolving landscape of DeFi derivatives.

Official website: https://cleardao.com/

Best cryptocurrency wallet for ClearDAO (CLH)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for ClearDAO (CLH)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).