OFFICIAL BLOG OF THE PROJECT
Kaia token (KAIA) is the native token of the Kaia blockchain, one of the largest Web3 ecosystems in Asia. Kaia is formed by the merger of Kakao’s Klaytn and LINE’s Finschia blockchains. Here are some key points about the Kaia token and its future:
- User Base: By leveraging the user base of two major messaging apps, KakaoTalk and LINE, Kaia provides access to over 250 million potential users, which could significantly increase Web3 adoption.
- Market Performance: The price and market value of the Kaia token may fluctuate depending on the general trends of the cryptocurrency market, the developments and adoption of the project. According to the current price information, the KAIA token seems to have experienced a certain volatility recently. For example, it decreased by 6.06% in the last 24 hours, but increased by 14.86% in the last 7 days.
- Future: Kaia’s future depends on the adoption of Web3 technologies in Asia and Kaia’s ability to expand this ecosystem. Developer support programs and liquidity supports like Kaia Wave can drive growth in the ecosystem. Additionally, Kaia becoming an attractive platform for decentralized applications (dApps) can directly impact the value of the token.
Layer-1 blockchain from two major chat apps in Asia
Launched as the world's fastest EVM blockchain with 1-second finality, ultra-low gas fees, and support from leading Asian web3 partners like Kakao and LINE NEXT
Kaia was created in April as a result of the merger of Kakao’s Klaytn and LINE’s Finschia.
LINE is a leading chat app in Japan, Taiwan and Thailand, while Kakao dominates a messaging app used by 96% of South Koreans. According to the press release, the two apps have a combined total of more than 250 million users.
Through its close interaction with messaging apps Kakao and LINE, Layer-1 blockchain aims to solve Web3’s user experience and distribution issues. Ultimately, it aims to create an ecosystem that supports DeFi, gaming, real-world assets, and web-based chatbots.
Through its NEXT WEB software development kit (SDK), Kaia aims to enable developers to create small dApps (distributed applications) on LINE Messenger, thus enabling “Telegram-style native app integration.”
“By leveraging Kaia’s low TX latency, account abstraction, and fee delegation capabilities, developers can create a seamless user experience from start to finish while expanding their reach to hundreds of millions of LINE users,”
Alongside the mainnet launch, a developer support program called Kaia Wave was also announced. Using the NEXT WEB SDK, eligible teams will receive marketing, technology, and business support worth $1.2 million per team. Future token production events and liquidity support are also among the other benefits.
Here is the latest information about Kaia (KAIA) coin:
- Current Price: Kaia's price today is approximately $0.2421 USD. The 24-hour volume is $100,768,060 USD and the price is down 6.06% in the last 24 hours.
- Market Value: Kaia's market value is 1,633,881,045 USD
- Circulating Supply: Kaia's circulating supply is 5,895,079,875 KAIA.
- Trading on Exchanges: KAIA tokens are traded on various centralized exchanges. Among the most popular exchanges is Binance. Especially on Binance, the KAIA/USDT pair is quite active, recording a trading volume of $42,386,484.88 in the last 24 hours.
- Finschia and Klaytn Merger: Kaia was formed by the merger of Finschia and Klaytn. It is stated that the total supply will increase after this merger.
- Community and Market Situation: The community has a generally positive outlook on Kaia's future. However, investors should be careful given price fluctuations and market conditions.
- Performance: Kaia can process 4,000 transactions per second (TPS) using Practical Byzantine Fault Tolerance (pBFT) and offers near-instant transaction finality with a 1-second block time. This improves user experience with high speeds and low gas fees.