KLAY (Klaytn) is a cryptocurrency token that operates on the Klaytn blockchain. Klaytn is a decentralized, open-source platform that focuses on scalability, usability, and compatibility with Ethereum.$KLAY
Key details about KLAY include:
- Symbol: KLAY
- Blockchain: Klaytn
- Consensus Algorithm: Proof of Stake (PoS)
- Total Supply: 10 billion KLAY tokens
- Circulating Supply: Approximately 5 billion KLAY tokens
- Use Cases:
- Governance
- Staking
- Rewards
- Payments
- Decentralized applications (dApps)
- Unique Features:
- Scalable (4,000+ transactions per second)
- Low-fee transactions
- Compatible with Ethereum
- Decentralized data storage
Current Price (approximate):
- Price: $0.25
- Market Cap: $1.25 billion
- 24h Volume: $50 million
Some potential benefits of KLAY include:
1. Scalable