• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Klaytn proposes to burn up 48% of the complete provide of KLAY tokens

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

As element of the reshuffle, the staff behind the Klaytn blockchain would like the board to approve the diversion of virtually half of the complete provide of KLAY tokens.

Klaytn proposes to burn up 48% of the complete provide of KLAY tokens

The Klaytn Foundation, the growth organization behind the Klaytn blockchain, has presented a proposal to reduce off the complete provide of KLAY to the Governance Council for discussion and vote.

Related articles

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

November 27, 2023
PancakeSwap proposes to implement the veCAKE model

PancakeSwap proposes to put into action the veCAKE model

November 22, 2023

As a end result, the Klaytn Foundation voluntarily burned five.28 billion KLAY out of a complete of seven.28 billion tokens held by the undertaking but not employed more than the previous three many years and eight months. These tokens correspond to 48% of the complete provide of KLAY. However, Klaytn will continue to keep two billion KLAY and flip it into a “Value Creation for KLAY” fund for KLAY makes use of and deflationary stress ideas.

The Fund will actively develop required ecosystem infrastructure this kind of as Oracle, as very well as invest in tasks with development possible, therefore raising the return worth for the whole network.

📢 Ensure a sustainable and verifiable token economic system

THE #Klaytn Foundation has reviewed the recent state of $KLAY tokenomics and launched a GC proposal on a new sustainable tokenomics framework.

Read our site post for far more information:https://t.co/Z4DIb4Ycos

— Klaytn (@klaytn_official) February 22, 2023

In addition, Klaytn also would like to stimulate the demand for KLAY via a amount of approaches, this kind of as cooperation with massive tasks in the ecosystem, specially individuals who want to integrate KLAY in accordance to the token “use and burn” model, leveraging the gains of Use KLAY transaction charge perform.

The over proposal will be mentioned and made a decision amongst February 22nd and 28th.

The proposal to burn up 48% of the complete provide of KLAY is element of a reform course of action carried out by the Klaytn Foundation, which lets ordinary customers to participate as validators to confirm transactions, establishing a mechanism for the participation of KLAY holders. and regulator.

KLAY cost has had a sturdy rebound in the upward course of the cryptocurrency industry in the previous.

1D chart of KLAY/USDT pair on Binance exchange at 17:35 on 22/02/2023

However, in accordance to DeFiLlama stats, the whole Klaytn blockchain at present only has a block worth (TVL) of $192 million, ranking it 15th in the ranking of blockchains with the highest TVL. The transaction volume on this blockchain in the final 24 hrs is only $25 million.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: BurnKLAYKlaytnProposessupplytokenstotal
Share76Tweet47

Related Posts

Coinbase CEO Advocates Crypto for Global Economic Challenges

by shark
June 23, 2025
0

Brian Armstrong, CEO of Coinbase, discusses cryptocurrency's potential to address economic instability, rising debt, and inflation.

Bloomberg Raises Crypto ETF Approval Odds to 90%+

by shark
June 23, 2025
0

Bloomberg analysts forecast over 90% approval odds for crypto ETFs, boosting market optimism.

Bybit Releases 24th Proof of Reserves Audit

by shark
June 23, 2025
0

Bybit's recent Proof of Reserves snapshot reveals an increase in BTC and ETH holdings, with a dip in USDT reserves,...

Bitcoin’s Market Cap Surpasses Leading Global Banks’ Combined Value

by shark
June 23, 2025
0

Bitcoin's market capitalization surpassed the combined value of Bank of America and Bank of China, marking a significant milestone in...

Binance Lists DeLorean (DMC) on Spot and Futures Markets

by shark
June 23, 2025
0

Binance will list DeLorean (DMC) for spot and futures trading, with high trading demand and leverage up to 50x anticipated.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Coinbase CEO Advocates Crypto for Global Economic Challenges
  • Bloomberg Raises Crypto ETF Approval Odds to 90%+
  • Bybit Releases 24th Proof of Reserves Audit
  • Bitcoin’s Market Cap Surpasses Leading Global Banks’ Combined Value
  • Binance Lists DeLorean (DMC) on Spot and Futures Markets
  • EigenCloud Launched by Eigen Labs with $70M Backing
  • Binance Handles $3 Billion Daily USDT Transfers on Tron
  • Pi Network Faces High Volatility Ahead of Token Unlock
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7