Klaytn, the blockchain project by South Korean internet giant Kakao, has been bustling with activity recently. Partnering with Finschia, another blockchain project, they have proposed a
chain merge aiming to spearhead Asia's leading blockchain ecosystem. The merge proposal has come to fruition, making it the largest blockchain ecosystem in Asia.
Klaytn Foundation also plans to burn 5.28B KLAY tokens, reducing the overall supply by nearly 50%, changing its tokenomics and governance models. A new foundation is to establish in Abu Dhabi along with this change. This merge and subsequent changes are expected to significantly influence the value of KLAY tokens. In recent times, KLAY has weathered the volatile crypto market, occasionally emerging as a top gainer. South Korean tech giants Naver and Kakao are anticipated to launch a token in June, further fueling the KLAY ecosystem's expansion. As a cherry on top, CREDER has launched its first
Gold-Pegged Coin on Klaytn. However, amidst these amalgamations and innovations, the price of KLAY did experience a slump, falling to $0.15. Despite this, speculations remain optimistic about Klaytn's potential as a viable investment, with predictions of a price surge to $1 by 2024.
KLAY Coin News Analytics from Wed, 21 Sep 2016 07:00:00 GMT to Thu, 12 Sep 2024 07:00:00 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 0
