Kaia token is the native token of the Layer 1 blockchain platform called Kaia Blockchain. Here is some important information about Kaia:
### Basic Information:
- Token Name: KAIA
- Blockchain: Kaia Blockchain
- Use Case: Used for transaction fees, staking, governance, and various DeFi (Decentralized Finance) applications.
### Technical Specifications:
- Total Supply: 5.9 billion KAIA
- Circulating Supply: 5.9 billion KAIA (circulating and maximum supply are the same)
- Consensus Mechanism: Practical Byzantine Fault Tolerance (pBFT) provides high performance and fast transaction precision.
### Usage and Ecosystem:
- DeFi and NFT: Kaia provides the foundation for DeFi applications and NFT markets.
- Staking: KAIA tokens can be staked to contribute to the security of the network and earn rewards in return.
- Ecosystem Partnerships: Kaia is collaborating with leading messaging apps in Asia, such as LINE and Kakao, to integrate users of these apps into the Web3 ecosystem.
- 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 $0.2039 USD. The 24-hour volume is $100,768,060 USD and the price is down 6.06% in the last 24 hours.
- Market Cap: Kaia has a market cap of $1,633,881,045 USD and is ranked#77on CoinMarketCap.
- 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. @Kaia Chain
### Project Developments:
- Mainnet: Kaia's mainnet was launched on August 29, 2024, and is notable for its 1-second finality and low gas fees.
- Community and Investor Sentiment: Overall, there is optimistic sentiment regarding Kaia's future.
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