Significant changes in the blockchain ecosystem are happening with the shutdown of the Finschia chain, affecting FNSA token holders and users.
What is Happening with Finschia Shutdown
Kaia confirmed the termination of the FNSA→KAIA token swap function and the deactivation of Finschia infrastructure, effective September 30. After this date, token swaps will be impossible, and the network will be taken offline.
Reasons for Finschia Shutdown
The decision to shut down is linked to the merger of Klaytn and Finschia into a single entity, Kaia, which allows for improved scalability, efficiency, and creation of a more cohesive ecosystem for developers and users.
What Finschia Shutdown Means for FNSA Holders
FNSA token holders must complete the token swap by September 30, or their tokens will lose value. There will be no technical support or compensation after this date. It is essential to check for tokens and follow swap instructions.
The Finschia chain shutdown marks a significant change in the blockchain ecosystem. FNSA holders must act swiftly to safeguard their assets and transition to the new Kaia platform.
