Kaia coin (KAIA) is a cryptocurrency and the native token of the Kaia blockchain network. Kaia is a Layer 1 public blockchain that primarily focuses on the Asian market. Here are some key points about the Kaia coin:
- Blockchain Merger: Kaia was formed as a result of the merger of two blockchain systems, Finschia and Klaytn. This merger aimed to expand Kaia's user base and ecosystem.
- Usage Areas: Kaia coin is used to perform transactions on the network, pay gas fees, and benefit from various services of the network. It is also a tool that can be used in applications and games within Kaia's ecosystem.
- Performance: Kaia blockchain has a high transaction speed (4,000 TPS) and a 1-second block time, which allows transactions to be confirmed almost instantly. It also offers instant transaction finality.
- Accessibility: Kaia integrates with popular messaging applications such as LINE and KakaoTalk, allowing millions of users to easily access Web3 technology.
- Market: Kaia coin is traded on various cryptocurrency exchanges. Its price and market value vary depending on user demand, the general crypto market situation, and developments in the Kaia 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 $0.2045 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
This information summarizes the key features and purpose of the Kaia coin and the Kaia blockchain.
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