Hassan Maishera
The Klaytn Foundation announced via a blog post on Sunday that it has submitted a governance proposal that recommends decreasing existing block rewards by ⅓ in order to optimize the level of KLAY emission.
The team added that if the proposal is approved by the Governance Council (vote ending October 25th), the inflation adjustment will be reflected on-chain around mid-November.
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 up by more than 23% in the last 24 hours and now trades at $0.1839 per token.
