BlockBeats news, on January 16, according to official news, the instant messaging application LINE launched the blockchain project Finschia and the Korean public chain Klaytn jointly proposed a mainnet merger. The integrated blockchain will combine Ethereum (EVM) and Cosmos ( CosmWasm) technology, providing a network with compatibility and high performance.
A new integrated token (tentatively named PDT) will be issued after the mainnet merger, and holders of FNSA and KLAY will be able to claim this new token. The merger proposes a completely new token economic model. Approximately 24% of the existing issuance will be burned, and unissued supply will be permanently removed. The integrated inflation rate will be reduced to 5.2%, and a new burn model will be introduced to maintain growth.
If the proposal is approved, the plan is to establish an integrated foundation, launch new token exchanges, complete governance integration, and launch new business plans within the second quarter.
