Hassan Maishera
The Klaytn Foundation announced via a blog post on Friday that it had completed its KLAY buyback scheme. A total of 69,280,654.8 KLAY tokens were purchased from CEX spot markets and burnt over six days, from 21 to 26 Oct, the team added. A total of 11,447,823 in stablecoins (USDC + USDT) were used to fund the buyback. The Klaytn Foundation said it would continue to explore tokenomics optimizations, protocol enhancements and buybacks to maintain ecosystem stability
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 4% in the last 24 hours and now trades at $0.2226 per token.
