◆ Introduction
① The native token of the Kaia public chain, generated from the merger of Klaytn and Finschia.
❷ EVM (Ethereum Virtual Machine) compatible Layer 1 public chain.
③ Goal: To bring Web3 technology to millions of users in Asia and create the largest Web3 network in Asia.
◆ Token Economics
① Total Supply: The total supply of Kaia is approximately 5.8 billion tokens, fully circulating, with no unlocked tokens.
❷ Inflation Mechanism - Annual Inflation Rate
⇒ Kaia's annual inflation rate is approximately 5.2%, primarily from block rewards.
⇒ 50% of newly issued tokens are allocated to members who stake $KAIA , encouraging network participation and security.
⇒ 50% goes to the Kaia treasury, which can only be used after member voting, for project development, marketing activities, or other ecosystem growth initiatives.
③ According to data from @coinmarketcap, the market cap is around 200 million, and the token has increased more than three times since listing.
◆ Token Conversion: After Klaytn and Finschia merged into Kaia (the previous tokens were $KLAY and $FNSA respectively), $KLAY is automatically converted to $KAIA, while $FNSA holders need to convert manually.
◆ Background
① Supported by the two major messaging software companies in Asia, Kakao and LINE.
❷ Kakao and LINE have a wide user base in Asia, which gives Kaia significant influence in the blockchain field.
③ The relationship with LINE mainly revolves around the development of the Kaia public chain and its application in the LINE ecosystem.
⇒ Created after the merger of Kakao's Klaytn public chain and LINE's Finschia public chain.
❹ Supported by LINE NEXT: LINE's user base spans Japan, Taiwan, Thailand, etc., providing a large potential user group to promote Kaia's blockchain services.
※ You might find this quite similar to the TON chain, and yes, it has been inspired by this chain.
⑤ Mini DApp: LINE plans to launch mini DApps based on Kaia on its platform, focusing on gaming and SocialFi, allowing users to participate in games while chatting with friends, combining entertainment with blockchain technology.
◆ Cooperation
① The first Launchpool with competitors, allowing the sharing of $KAIA through staking.
❷ Held offline events in Taiwan, emphasizing its expansion in the Asian market.
◆ Uses
① Used for transaction fees within the Kaia network, governance voting, and incentivizing user participation in the ecosystem.
❷ Supports DeFi applications, games, and social applications, providing a one-stop DeFi experience through its Kaia Portal.
☁️ Personal Opinion
Currently feels quite similar to the TON chain, both having a large Web2 user base, and currently attracting users to enter the Web3 world through miniAPPs!
I personally would benchmark against 50% of the market cap of the TON chain, looking at around 800-1 billion, because LINE's user base is not as large as Telegram's, and since it’s still under development, if you want to invest, it’s definitely possible, but you may need to hold for several months!
◎ Self-investment record, not investment advice.
※ Event: Ride the Kaia Wave: Networking Night Taipei 2024/12/12 18:00-20:00 (UTC+8)
