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Klaytn Foundation Completes Its KLAY Buyback Program

Twitter icon  •  Published 2년 전 on November 7, 2022  •  Hassan Maishera

The Klaytn Foundation announced via a blog post on Friday that it had completed its KLAY buyback scheme.

Klaytn Foundation Completes Its KLAY Buyback Program

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.

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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.

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