🔊Khala Network Sunset Announcement The Khala Network will | Phala Network on Binance Square

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🔊Khala Network Sunset Announcement
The Khala Network will officially sunset on January 10th at 20:00 UTC, with collators stopping and the parachain slot expiring two days later.
🚨IMPORTANT Reminder: Avoid on-chain transactions during this time to prevent asset loss.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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🔔Community Notice: Treasury Update A motion for a 50M $PHA transfer from the treasury has been proposed to facilitate the transition from Khala to ERC20 $PHA tokens. 1⃣ The funds will ensure a safe and efficient token conversion process. 2⃣ They’ll only be used for moving tokens between networks/exchanges, not for trading. 3⃣ All transactions will be recorded on-chain for full transparency. 4⃣ The unused funds will be returned to the treasury once the process is complete. 📜Details here https://t.co/aAUuhDEy24 This process will be managed with safety and transparency as top priorities. Let’s ensure a smooth transition together! 🙏

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Phala's Co-founders Marvin @marvin_tong & Hang @bgmshana will be speaking in January @NEARProtocol Town Hall. 📅 Date: Tuesday, January 7 ⌚️ Time: 8–9 AM PT / 5–6 PM CET 📍 Live Stream: https://streamyard.com/ayr29gxeqz Tune in to catch up on the latest developments in DeAI!

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