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Klaytn Burns 5,296,324,269 KLAY Tokens

Twitter icon  •  Published il y a 1 an  •  Hassan Maishera

The Klaytn Foundation team announced via Twitter on Sunday that it has burned 5,296,324,269 KLAY.

The Klaytn Foundation team announced via Twitter on Sunday that it has burned 5,296,324,269 KLAY. The tokens burned represented around 50% of the total KLAY supply. The token burn comes as the Klaytn ecosystem executes the Cypress KIP103 hardfork. 

Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao, with 50 million users worldwide. KLAY is down by more than 6% in the last 24 hours and now trades at $0.2560 per token.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.