What is the issuance amount of KLAY coins?

KLAY coins, the native cryptocurrency of the Klaytn blockchain, have a total issuance amount capped at 10 billion tokens, with an initial issuance of 3 billion tokens.

Dec 03, 2024 at 07:13 pm

What is the Issuance Amount of KLAY Coins?

Understanding KLAY Coins
KLAY coins are the native cryptocurrency of the Klaytn blockchain, a decentralized platform developed by the South Korean internet giant, Kakao. Similar to other cryptocurrencies, KLAY coins facilitate transactions on the Klaytn network and serve as a store of value.

Issuance Amount of KLAY Coins
The total supply of KLAY coins is capped at 10 billion tokens, with an initial issuance of 3 billion tokens. The remaining tokens will be released gradually over time through various mechanisms such as staking rewards, transaction fees, and ecosystem development initiatives.

Allocation of KLAY Coins
The initial 3 billion KLAY coins were allocated as follows:

1. Public Sale (50%): 1.5 billion KLAY coins were sold to the public through various token sales, raising funds for the development of the Klaytn ecosystem.

2. Private Sale (25%): 750 million KLAY coins were allocated to strategic investors, including крупные венчурные фонды and technology companies, to support the long-term growth of the Klaytn platform.

3. Team and Ecosystem (20%): 600 million KLAY coins were reserved for the Klaytn development team and ecosystem partners to incentivize innovation and contribution to the network.

4. Kakao (5%): 150 million KLAY coins were allocated to Kakao, the parent company of Klaytn, for research and development, marketing, and ecosystem support.

Conclusion
The total issuance amount of KLAY coins is 10 billion, with an initial issuance of 3 billion tokens. The coins were allocated to various stakeholders, including the public, private investors, the Klaytn team and ecosystem, and Kakao. This distribution strategy aims to foster a healthy and sustainable Klaytn ecosystem while ensuring the long-term value and stability of the KLAY coin.

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