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Kaia Chain (KAIA): The Latest Addition to Binance
@Kaia Chain Kaia Chain (KAIA) is a high-performance Layer-1 blockchain that recently gained significant attention following its listing on Binance on October 31, 2024. This platform, which is Ethereum Virtual Machine (EVM)-compatible, aims to deliver fast, low-cost, and reliable blockchain solutions.
Kaia is a public blockchain on Binance that aims to make Web3 accessible to millions of users in Asia:
Integration
Kaia integrates with LINE and KakaoTalk, two of Asia's most popular messaging apps, allowing users to access decentralized applications (dApps) directly within their messaging platforms.
Ecosystem
Kaia is a merger of Klaytn, developed by Kakao, and Finschia, developed by LINE, creating a robust ecosystem for Web3 experiences.
Features
Kaia offers a 1-second block time, account abstraction, and fee delegation features. It also supports processing up to 4,000 transactions per second.
Developer support
Kaia offers a developer support program called "Kaia Wave" that provides technical and marketing resources for developing applications.
What innovative consumer-facing Mini Dapps ideas you'd like to see on LINE?
1. AI-powered shopping assistant: Personalized product recommendations and price comparisons within chats.
2. NFT collectibles exchange: Easy trading of LINE-themed NFTs or digital stickers.
3. Micro-task platform: Earn LINE Points by completing surveys, tasks, or quick gigs.
4. Localized event discovery: Real-time updates for concerts, festivals, and meetups based on location.
5. Group expense tracker: Simplify splitting bills and tracking shared expenses within group chats.
Key Features of Kaia Chain
1. Enterprise-grade Performance: Kaia supports real-world use cases by providing 1-second block times, immediate transaction finality, and 4,000 transactions per second.
2. EVM Compatibility: Developers can easily port Ethereum-based smart contracts to Kaia using tools like Solidity, Hardhat, and Remix.
3. Integrated Ecosystem: Kaia originates from the merger of Klaytn and Finschia blockchains (developed by Kakao and LINE). Its integration with LINE and KakaoTalk messenger apps allows seamless Web3 onboarding for over 250 million users.
4. Governance Council: Kaia is backed by a council of prominent Web3 organizations, including Binance, SEGA, and Animoca Brands.
Binance Listing Highlights
Kaia is now available on Binance for trading, earning, and converting. Users can:
Trade KAIA against popular pairs like BTC and USDT.Use Binance Convert to swap KAIA at zero fees.Participate in Binance Simple Earn for flexible earning opportunities.Borrow KAIA for margin trading.
Market Overview
As of now, Kaia has a circulating supply of approximately 5.89 billion tokens with a market cap of $1.68 billion. However, following its Binance listing, the token saw a slight price drop, trading at $0.136 as of November 1, 2024.
Kaia’s ability to seamlessly integrate Web2 and Web3, combined with its focus on usability and scalability, positions it as a promising blockchain in the evolving cryptocurrency space. To learn more about Kaia Chain, you can explore its official .
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