Kaia coin is the native token of an Ethereum-equivalent Layer 1 public blockchain called Kaia.
Kaia was created through the merger of the Klaytn and Finschia blockchains, developed by Kakao and LINE, to facilitate access to web3 technology for hundreds of millions of users in Asia.
This blockchain stands out for its high performance and low transaction latency (1-second block time and instant finality).
Kaia offers features such as account abstraction, gas fee delegation, and integration with LINE and KakaoTalk messaging apps to improve user experience.
KAIA tokens are traded on centralized crypto exchanges and various transactions can be made with these tokens.
WELCOME TO THE GIANT PROJECT!
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 leads a messaging program used by 96% of South Koreans. According to the press release, the two apps have a combined total of over 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 $0.2614 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.
Here is more information about Kaia coin:
- KAIA Token Usage: KAIA is used to pay transaction fees within the Kaia network. It also incentivizes the smooth operation of the network, ensures developers write quality applications, and keeps the network healthy.
- Blockchain Features:
- Speed and Capacity: Kaia has a capacity of 4,000 transactions per second and offers much lower gas fees compared to Ethereum.
- EVM Compatibility: Since Kaia is compatible with the Ethereum Virtual Machine (EVM), Ethereum-based smart contracts and dApps can also run on Kaia.
- Community and Developer Support: Kaia is supported by an active community and developer ecosystem, facilitating the continuous development of the platform and the implementation of projects.
Kaia coin stands out as a performance and accessibility-focused project that aims to bring web3 technologies to a wider user base in Asia.
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