What is KLAY

1. Project Introduction
Klaytn (KLAY) initially positioned itself as a service-centric, enterprise-grade blockchain platform but later transitioned to Klaytn 2.0, expanding its focus to include all users. Utilizing the PoC consensus mechanism, Klaytn integrates the best features of public and private blockchains through an efficient hybrid design. Core components of the Klaytn ecosystem include Klaytn Wallet, Klaytn Dapp, Klaytn Explorer, and Klaytn Developer Tools. Built with a clear vision of user-centricity, Klaytn ensures accessibility for both developers and end-users.
Summary: Since its launch in 2019, Klaytn has focused on the metaverse, GameFi, and the creator economy. By partnering with global brands, Klaytn offers a diverse ecosystem of applications and services characterized by high performance, user-friendliness, and practical use cases.
2. Team & Investment Info
Team:
Developed by Ground X, the blockchain subsidiary of Kakao, South Korea's largest publicly listed tech company.
Klaytn's mainnet was successfully launched in June 2019.
Funding:
In March 2019, Klaytn secured $90 million in seed round funding.
3. Social Media URLs
X: https://x.com/klaytn_official
Telegram: https://t.me/KlaytnCommunity
Discord: https://discord.gg/klaytnofficial
Facebook: https://www.facebook.com/klaytn.official
4. Token Info
Token Symbol: KLAY
Total Supply: 10,000,000,000 (current maximum supply ~10,782,709,984)
Token Type: Klaytn
Issuance/Burn Mechanism: 2% annual inflation
Contract Address: 0xc72e5293c3c3ba38ed8ae910f780e4caaa9fb95e79784f7ab74c3c262ea7137e
Token Distribution:
Governance Council Rewards: 50% (10% for block proposers, 40% for staking rewards)
Community Fund: 30%
Foundation Fund: 20%
5. Related Links
Official Website: https://www.klaytn.foundation/
GitHub: https://github.com/klaytn/klaytn
Other Info: https://docs.klaytn.foundation/docs/