Klaytn Selects Kokoa Finance And Klaybank For Its Proof-of-Contribution Pilot Program

Twitter icon  •  Published vor 2 Jahren  •  Hassan Maishera

The Klaytn Foundation announced in a Medium post on Sunday that it has selected Kokoa Finance and Klaybank for its Proof-of-Contribution Pilot program.

The Klaytn Foundation announced in a Medium post on Sunday that it has selected Kokoa Finance and Klaybank for its Proof-of-Contribution Pilot program. Kokoa Finance is a decentralized protocol for issuing a collateralized stablecoin while Klaybank is a decentralized protocol for lending and borrowing and bonding.

The team said it selected these projects after looking at four categories including potential impact to the Klaytn ecosystem, creativity, UI/UX, and transparency and security of the protocol. 

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 less than 3% in the last 24 hours and now trades at $1.194 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.