Klaytn (KLAY) - a public blockchain platform, providing an accessible user experience and development environment to convey the value of blockchain technology.
Contents:
What is Klaytn (KLAY)?
The platform combines the best features of both public blockchains (decentralized data and governance, distributed governance) and private blockchains (low latency, high scalability) through an efficient “hybrid” design. Klaytn aims to bring blockchain technology to all types of users, from micro-startups to corporate units. The mission of the company - to make decentralization through the blockchain, available on a global scale. In addition, the project has already attracted interest from numerous reputable brands around the world.
Project benefits
You can easily deploy your own chain or join other chains on Klaytn without any technical knowledge. According to the White Paper, anyone can run their own token economy ecosystem on the platform.
What is the peculiarity of the platform:
| App | As an ecosystem of a wide range of decentralized applications (DApps), Klaytn provides users with the opportunity to find or develop the right type of application for their needs. |
| Versatility | Due to the decentralized nature of the platform, users before them have a virtually unlimited number of use cases, as the publication of the application is not limited. The project supports DApps in a variety of areas, including digital asset management, art collecting and trading, game development and decentralized exchanges. |
With this versatility, Klaytn has caught the attention of institutional investors such as Humanspace, Wemade Tree and Piction Network.
Where to buy a token?
With an undefined maximum supply and a current total supply of 10 billion KLAY tokens, the Klaytn blockchain is gaining popularity among users. With each new block, the newly issued KLAY and the amount of transaction fees, used in the block, are distributed to the following three destination accounts, according to the given ratio:
- Klaytn management board receives 34% of offer;
- blockchain consensus gets another 54% of the proposal;
- the remaining 12% goes to the KIR Improvement Reserve.
The Klaytn platform is attracting the attention of corporate investors, which is why it rises among the most popular altcoins. If you want to purchase KLAY tokens, your best option is Coinone, which has the largest trading volume of $110 million as of April 2021. Other good options if you are looking to purchase KLAY include:
- Bittrex;
- OKEx;
- Gate.io.
Over the past year, the token has grown in price by 3500%. To stake coins, the user needs to deposit at least 5 million tokens. To withdraw assets from staking, you need to wait one week.