Question 1

What is Kaia (KAIA)?

Accepted Answer

Kaia (KAIA) is the native digital asset of the Kaia blockchain, created from the strategic merger of Klaytn and Finschia. Initially developed by Kakao and LINE respectively, Klaytn and Finschia joined forces to form Kaia, a unified blockchain platform that extends Web3 access to a vast user base across Asia, including existing communities in South Korea and Japan. Designed as a scalable, accessible, and EVM-compatible Layer 1 blockchain, Kaia enables smooth integration of decentralised applications (DApps) and supports interoperability between Web3 and traditional Web2 frameworks.

Kaia aims to make blockchain technology user-friendly and widely accessible. Its infrastructure integrates tools and services from both of its predecessor chains to promote DApp innovation and user engagement. Through features such as a messenger-integrated wallet and compatibility with Ethereum, Kaia supports a wide range of users from newcomers to experienced Web3 participants, providing resources for developers to build and scale projects within an extensive, active ecosystem.

Question 2

What is Kaia (KAIA) used for?

Accepted Answer

Kaia's utility token, KAIA, plays a core role in powering the Kaia blockchain ecosystem. It is used for:

1. **Transaction Fees and Payments**: KAIA is used to pay transaction fees, staking fees, and network costs on the Kaia blockchain. By staking KAIA, users and validators contribute to network security and receive incentives for their participation.
   
2. **Network Governance and Voting**: As part of Kaia’s decentralised governance, KAIA holders can vote on proposals, changes, and upgrades within the network. Voting power is proportional to the amount of KAIA staked, although caps are in place to prevent centralisation of decision-making. On-chain governance also allows KAIA holders to directly influence network policies and protocols.
   
3. **Incentives and Ecosystem Rewards**: Kaia uses a multi-layered burn model and elastic token issuance to maintain value stability and incentivise network participants. The Kaia Ecosystem Fund (KEF) and Kaia Infrastructure Fund (KIF) support development projects, community incentives, and liquidity grants to strengthen the blockchain ecosystem. This mechanism is designed to support sustainable growth and an expanding user base through staking, development rewards, and delegated voting.

Question 3

Who created Kaia (KAIA)?

Accepted Answer

Kaia was founded through a collaborative merger between the Klaytn and Finschia blockchains. Klaytn was originally created by Kakao, a major South Korean software company, and Finschia was initiated by LINE, a messaging giant in Japan, Taiwan, Indonesia, and Thailand. These two companies launched Kaia to provide a familiar entry into the Web3 space for hundreds of millions of users in Asia, bringing blockchain accessibility to a vast audience with established familiarity in Web2 platforms. By combining their technological resources and user bases, Kakao and LINE have aimed to accelerate Web3 adoption through a trusted, integrated blockchain platform that can scale to accommodate a large volume of transactions and users. The Kaia Foundation oversees the project’s governance, distribution, and community-driven development, leveraging the experience and technology of both Kakao and LINE to promote decentralised applications and blockchain innovation across Asia.

Question 4

The Merger and Rebrand: From Klaytn and Finschia to Kaia

Accepted Answer

The transition to Kaia represents a coordinated rebranding and integration process driven by the communities of both Klaytn and Finschia. Governance votes in each ecosystem supported the conversion of KLAY and FNSA (the original utility tokens) into KAIA tokens at established exchange rates (KLAY:KAIA at 1:1, and FNSA:KAIA at 148.08:1). The merged platform retains compatibility with the original Klaytn network, so KLAY balances were automatically converted to KAIA, while FNSA holders can swap their tokens through the Kaia Portal, a dedicated migration interface that includes a burn-and-claim process for equivalency in KAIA tokens.

Question 5

# Technical and Functional Changes Post-Merger

Accepted Answer

With the rebranding, Kaia made several modifications in its technical and operational parameters:
- **Supply Adjustments**: Following the merger, Kaia’s circulating supply increased from approximately 3.8 billion to 5.8 billion KAIA tokens, while the total supply decreased, partly through token burning. Kaia’s block issuance rate was adjusted to 9.6 KAIA per block to support the network’s expansion.
- **Mainnet Compatibility**: Kaia continues to run on the Klaytn mainnet with no change in its chain ID, enabling smooth functionality for users of both networks. Klaytn wallets remain compatible with Kaia, though users of third-party wallets like MetaMask may need to update RPC details. Wallet users from the Finschia network will need to create a Kaia wallet.
- **Infrastructure and Developer Support**: The Kaia Foundation has launched new initiatives to assist DApp developers and infrastructure providers from both chains in migrating to Kaia. This includes brand guidelines, technical resources, and migration support to maintain ecosystem continuity. Kaia also provides liquidity grants, code audit funding, and other incentives to encourage DApp migration and new project development on the platform.

In terms of governance, Kaia retains the governance structure from Klaytn, allowing KAIA holders to participate in voting processes and manage network decisions. The Kaia Foundation, in tandem with the community, guides decisions on upgrades and protocol improvements while overseeing the Kaia Ecosystem and Infrastructure Funds to encourage developer engagement and user adoption.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	KAIA-USDT KAIAUSDT	binance	AA	0.04100USDT	-1.68%	43,048,790.00KAIA	15,573	0.04170USDT	0.04250USDT
2	KAIA-USDT KAIAUSDT	bybit	A	0.04092USDT	-2.03%	15,773,513.00KAIA	10,269	0.04177USDT	0.04245USDT
3	KAIA-USDT KAIA-USDT	okex	A	0.04098USDT	-1.89%	12,588,629.25KAIA	4,001	0.04177USDT	0.04246USDT
4	KAIA-USDT KAIA_USDT	whitebit	BB	0.04100USDT	-1.91%	6,512,378.70KAIA	4,012	0.04180USDT	0.04250USDT
5	KAIA-USDT KAIA_USDT	gateio	A	0.04099USDT	-1.89%	5,963,801.82KAIA	4,906	0.04178USDT	0.04244USDT
6	KAIA-USDT KLAYUSDT_SPBL	bitget	BB	0.04090USDT	-2.06%	5,012,365.54KAIA	765	0.04176USDT	0.04244USDT
7	KAIA-USDC KAIAUSDC	binance	AA	0.04090USDC	-2.15%	1,931,539.10KAIA	669	0.04180USDC	0.04220USDC
8	KAIA-USDC KAIA_USDC	whitebit	BB	0.04110USDC	-1.91%	1,464,839.60KAIA	2,940	0.04190USDC	0.04300USDC
9	KAIA-USDT KAIA-USDT	kucoin	BB	0.04113USDT	-1.51%	1,029,804.10KAIA	354	0.04176USDT	0.04237USDT
10	KAIA-USD KAIAUSD	hashkey	A	0.04090USD	-2.15%	221,963.30KAIA	495	0.04180USD	0.04230USD
11	KAIA-EUR KAIA-EUR	okex	A	0.03647EUR	-3.21%	39,242.31KAIA	15	0.03768EUR	0.03771EUR
12	KAIA-USD KAIA:USD	bitfinex	BB	0.04090USD	-2.25%	15,436.39KAIA	102	0.04184USD	0.04235USD
13	KAIA-USDT KAIA:UST	bitfinex	BB	0.04077USDT	-3.75%	13,797.19KAIA	84	0.04236USDT	0.04236USDT
14	KAIA-USD KAIA_USD	cryptodotcom	AA	0.04152USD	-2.99%	11,401.00KAIA	18	0.04280USD	0.04280USD
15	KAIA-USDT KAIAUSDT	cexio	BB	0.04428USDT	0.00%	0KAIA	0	0.04428USDT	0.04428USDT
16	KAIA-USDC KAIAUSDC	cexio	BB	0.04433USDC	0.00%	0KAIA	0	0.04433USDC	0.04433USDC
17	KAIA-USD KAIAUSD	cexio	BB	0.04441USD	0.00%	0KAIA	0	0.04441USD	0.04441USD
18	KAIA-KRW KAIA_KRW	bithumbkorea	-	55.07KRW	-2.50%	50,451,017.82KAIA	6,816	56.48KRW	57.20KRW
19	KAIA-KRW KRW-KAIA	upbit	B	55.00KRW	-2.48%	42,151,712.08KAIA	4,465	56.40KRW	57.10KRW
20	KAIA-USDT kaia_usdt	xtpub	-	0.04100USDT	-1.68%	12,863,896.50KAIA	2,519	0.04170USDT	0.04250USDT
21	KAIA-USDT KAIAUSDT	bitrue	D	0.04110USDT	-1.67%	11,279,550.55KAIA	39,738	0.04180USDT	0.04260USDT
22	KAIA-USDT kaia_usdt	lbank	C	0.04089USDT	-2.15%	9,684,092.30KAIA	4,964	0.04179USDT	0.04249USDT
23	KAIA-KRW KAIA_KRW	coinone	C	55.00KRW	-2.57%	8,550,084.48KAIA	2,022	56.45KRW	57.10KRW
24	KAIA-USDC KAIAUSDC	bitrue	D	0.04110USDC	-1.67%	3,884,667.43KAIA	36,888	0.04180USDC	0.04260USDC
25	KAIA-USDT kaia_usdt	digifinex	D	0.04100USDT	-1.91%	3,762,389.00KAIA	5,902	0.04180USDT	0.04240USDT
26	KAIA-EUR KAIA-EUR	bitvavo	B	0.03671EUR	-1.17%	2,981,676.75KAIA	404	0.03714EUR	0.03766EUR
27	KAIA-USDT KAIA_USDT	bitunix	C	0.04090USDT	-1.92%	2,777,643.60KAIA	7,964	0.04170USDT	0.04240USDT
28	KAIA-USDT KAIA-USDT	bingx	D	0.04090USDT	-1.68%	2,626,263.95KAIA	13,348	0.04160USDT	0.04250USDT
29	KAIA-KRW kaia_krw	korbit	C	55.02KRW	-2.91%	661,237.62KAIA	500	56.67KRW	56.87KRW
30	KAIA-JPY klay_jpy	bitbank	C	6.56JPY	-1.86%	500,405.71KAIA	150	6.68JPY	6.72JPY
31	KAIA-TWD kaia_twd	bitopro	-	1.33TWD	-3.17%	83,154.22KAIA	193	1.37TWD	1.37TWD
32	KAIA-USDT kaia_usdt	bitopro	-	0.04118USDT	-3.85%	29,987.32KAIA	122	0.04283USDT	0.04283USDT
33	KAIA-BTC BTC-KAIA	upbit	B	0.0₆5700BTC	-1.72%	23,636.72KAIA	10	0.0₆5799BTC	0.0₆5799BTC
34	KAIA-JPY KLAYJPY	zaif	-	6.94JPY	-0.88%	3,090.10KAIA	9	7.00JPY	7.00JPY
35	KAIA-USDT kaiausdt	huobipro	C	0.04100USDT	-4.65%	1,339.78KAIA	17	0.04300USDT	0.04390USDT
36	KAIA-USDT KAIAUSDT	coinex	C	0.03395USDT	0.00%	0KAIA	0	0.03395USDT	0.03395USDT
37	KAIA-BTC KAIABTC	coinex	C	0.0₆4071BTC	0.00%	0KAIA	0	0.0₆4071BTC	0.0₆4071BTC
38	KAIA-BTC KLAYBTC	zaif	-	0.0₆7200BTC	0.00%	0KAIA	0	0.0₆7200BTC	0.0₆7200BTC
39	KAIA-USDT USDT-KAIA	upbit	B	0.06058USDT	-0.02%	114.39KAIA	6	0.06059USDT	0.06059USDT
40	KAIA-INR KLAYINR	bitbns	-	9.00INR	0.00%	0KAIA	0	9.00INR	9.00INR