Klay Coin was launched on June 27, 2019 as the native token of the Klaytn blockchain. It is a utility token used to pay transaction fees, stake for rewards, and participate in on-chain governance to support the growth of the Klaytn blockchain.
Klay Coin Release Date
Klay Coin, also known as KLAY, is the native token of the Klaytn blockchain. Its release date is June 27, 2019.
About Klay Coin
Klay Coin is a utility token that plays a variety of roles in the Klaytn blockchain ecosystem, including:
- Transaction fee: Users need to pay KLAY as a transaction fee when conducting transactions using the Klaytn blockchain.
- Staking: Klay coin holders can become validators by staking their tokens, thereby earning rewards and ensuring the security of the network.
- Governance: Klay coin holders can influence the development and decision-making of the Klaytn blockchain by participating in on-chain governance voting.
Klaytn Blockchain
Klaytn is an Ethereum Virtual Machine (EVM)-compatible blockchain platform operated by South Korean internet giant Kakao. It provides high-speed, low-cost and user-friendly blockchain experience, focusing on large-scale commercial applications.
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