$KLAY

Even this Korean public chain has gone up.

The cottage season is not far away

This is a beginning

Some popular and unpopular coins started to rise by 20%

Then it will continue to rise in turn

Those who like public chains

You can buy some klay

The background and fundamentals are also good

Klaytn, as a star public chain in South Korea, was developed by Ground X, a blockchain subsidiary of South Korean Internet giant Kakao.

Kakao is one of South Korea's largest publicly traded technology companies, with a market capitalization of more than $40 billion. In South Korea, more than 93% of the population uses KakaoTalk, an instant messaging application developed by Kakao. Another product, Kakao Pay, is also the largest e-wallet in South Korea.

After the bull market in 2017, Kakao decided to get involved in the crypto field and that year partnered with software companies Dunamu and Bittrex to launch the exchange UpBit in South Korea. The following year, KAOKO established a subsidiary, Ground X, in Japan, mainly responsible for developing blockchain and cryptocurrency-related businesses. At the end of the same year, Dunamu, UpBit and Ground X moved to Singapore to avoid South Korea's strict financial regulations.

In 2019, the Klaytn public chain was launched and completed an ICO financing of US$90 million in March 2019. Its current token dilution market value is approximately US$10 billion.