Leverj decentralizes the most desirable features of derivatives trading by implementing them in cryptocurrencies and eliminating points of friction. With a tight focus on derivatives trading and the supporting ecosystem, Leverj has taken the approach of defining the product first. We have built a functioning exchange with a usable UI (user interface), decentralized identity, and provable audit. We plan to decentralize the back-end and add ecosystem features that will enable large players to move into the cryptocurrency world.
Clams were initially distributed to 3,208,032 BTC, LTC and DOGE addresses based on the 12 May 2014 snapshot of these blockchains. Each of these address received 4.60545574 CLAMs. 63,381 addresses have been dug comprising 291,898.39 CLAMs. If all the distributed CLAMs were dug up, the total money supply would be 15,009,015.13. There is no Proof-of-Work stage for Clams and the network is now secured by Proof-of-Stake.