Finschia
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Important Points About $KLAY and $FNSA Merge!
Here are some of the important takeaways of the $KLAY and $FNSA Merge:
1. The merge proposal between Klaytn and Finschia has been approved by the governance members, paving the way for the integration of the two networks.
2. The combined network boasts around 420 decentralized applications (dApps) and over 45 governance members.
3. The merge will create Asia's largest Web3 ecosystem with a unified mainnet.
4. The integrated blockchain will combine Ethereum (EVM) and Cosmos (CosmWasm) technologies for high compatibility and performance.
5. The new integrated token (PDT) will be issued, and holders of KLAY and FNSA will be able to claim it.
Approximately 22.9% of the total supply will be burned, and the uncirculated supply will be permanently removed.
6. The inflation rate will be reduced to 5.2%, and a new 3-Layer burning model will be introduced to sustain growth.
7. The expansion of participating entities and the enhancement of community delegation functions will maximize decentralization.
#Klay #Klaytn #Finschia #FNSA #Write2Earn
$KLAY $FNSA
Here are some of the important takeaways of the $KLAY and $FNSA Merge:
1. The merge proposal between Klaytn and Finschia has been approved by the governance members, paving the way for the integration of the two networks.
2. The combined network boasts around 420 decentralized applications (dApps) and over 45 governance members.
3. The merge will create Asia's largest Web3 ecosystem with a unified mainnet.
4. The integrated blockchain will combine Ethereum (EVM) and Cosmos (CosmWasm) technologies for high compatibility and performance.
5. The new integrated token (PDT) will be issued, and holders of KLAY and FNSA will be able to claim it.
Approximately 22.9% of the total supply will be burned, and the uncirculated supply will be permanently removed.
6. The inflation rate will be reduced to 5.2%, and a new 3-Layer burning model will be introduced to sustain growth.
7. The expansion of participating entities and the enhancement of community delegation functions will maximize decentralization.
#Klay #Klaytn #Finschia #FNSA #Write2Earn
$KLAY $FNSA
Klaytn and Finschia's Groundbreaking Merger Propels Web3 in Asia. 🌏🤝
In a monumental move, Klaytn, born in 2019 as a Ground X creation and a subsidiary of Kakao, has successfully merged with Finschia, creating ripples for a flourishing Web3 ecosystem in Asia. This strategic alliance aims to benefit over 250 million Asian wallet users, establishing a unified base in Abu Dhabi and reshaping the blockchain landscape.
The merger, scheduled for the second quarter, promises to seamlessly integrate tokens and governance structures, elevating the overall user experience. Noteworthy changes include the introduction of new tokenomics, with plans to burn nearly 23% of the existing issuance, amounting to approximately US$384 million.
Klaytn, backed by Kakao, collaborates with Finschia, a creation of LINE, a prominent Japanese internet firm. Both entities operate as layer-1 chains with substantial support from major internet companies in East Asia. LINE and Kakao, as parent companies, boast a combined user base of around 280 million users through their respective communication applications.
This merger not only solidifies the partnership between two influential blockchain networks but also underscores the growing influence of Web3 in the Asian landscape. Stay tuned for updates as the unified foundation takes shape, and the new tokenomics contribute to enhancing the ecosystem. The future of Web3 in Asia is now brighter than ever.
#Klaytn #KLAY #Finschia #line #web3
In a monumental move, Klaytn, born in 2019 as a Ground X creation and a subsidiary of Kakao, has successfully merged with Finschia, creating ripples for a flourishing Web3 ecosystem in Asia. This strategic alliance aims to benefit over 250 million Asian wallet users, establishing a unified base in Abu Dhabi and reshaping the blockchain landscape.
The merger, scheduled for the second quarter, promises to seamlessly integrate tokens and governance structures, elevating the overall user experience. Noteworthy changes include the introduction of new tokenomics, with plans to burn nearly 23% of the existing issuance, amounting to approximately US$384 million.
Klaytn, backed by Kakao, collaborates with Finschia, a creation of LINE, a prominent Japanese internet firm. Both entities operate as layer-1 chains with substantial support from major internet companies in East Asia. LINE and Kakao, as parent companies, boast a combined user base of around 280 million users through their respective communication applications.
This merger not only solidifies the partnership between two influential blockchain networks but also underscores the growing influence of Web3 in the Asian landscape. Stay tuned for updates as the unified foundation takes shape, and the new tokenomics contribute to enhancing the ecosystem. The future of Web3 in Asia is now brighter than ever.
#Klaytn #KLAY #Finschia #line #web3
