Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply.
24H Price
The Klaytn price is $0.11314, a change of -0.98% over the past 24 hours as of 7:57 a.m. The recent price action in Klaytn left the tokens market capitalization at $359,951,052.84. So far this year, Klaytn has a change of -26.07%. Klaytn is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply.
Binance has joined the governance council of Kakao's Klaytn blockchain network as the project scrambles for partners and use cases.
Kakao's blockchain subsidiary GroundX says its recently launched Klaytn blockchain can mine a block in as little as a second.
The Klaytn blockchain from the fold of messaging app giant Kakao has launched on its mainnet, with a governing body including big enterprises like LG.
CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.
Diving in deeper on cryptocurrency.