[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"9a10c4f0-7ce4-4541-af37-9fe03f3cdad7","updated_at":"2022-07-20T12:41:00+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"Considered a potential trend in the global financial sector, blockchain technology, however, is attached to a limited framework. Klaytn (KLAY) is described as a hybrid emerging blockchain project making the most of public and private protocols. Let’s take a deep dive into Klaytn and its KLAY token!","sapo":"Considered a potential trend in the global financial sector, blockchain technology, however, is attached to a limited framework. Klaytn (KLAY) is described as a hybrid emerging blockchain project making the most of public and private protocols. Let’s take a deep dive into Klaytn and its KLAY token!","title":"Klaytn (KLAY): Is It A Good Investment?","content":"

Overview of Klaytn

Klaytn is a blockchain platform focused on businesses and private enterprises, aimed to support the development of decentralized applications.

The project desires to combine the most powerful features of both public blockchain (decentralized data, distributed control and governance) and private blockchain (low latency and high scalability) through an effective “hybrid” design.

Klaytn contributes to the increasing sales of businesses and entrepreneurs by integrating blockchain technology into their business models.

The platform retains strong security and transparency while possessing enterprise-grade performance.

History of Klaytn

Klaytn was developed and launched in June 2019 by GroundX, the blockchain subsidiary of Korea’s largest mobile platform, Kakao.

Besides GroundX and Kakao, Klaytn is governed by a council of 26 major enterprises with high-profile members.

After two years of success in Korea, the Klaytn Foundation was established to begin Klaytn’s global expansion. Klaytn Foundation is a non-profit organization established to accelerate global adoption and ecosystem maturity on Klaytn.

The foundation manages the Klaytn Growth Fund and operates alongside Krust that investing in projects built on Klaytn.

About KLAY token

Klaytn (Symbol: KLAY) is the main native centralized cryptocurrency powering and securing the Klaytn Protocol. It is considered the payment of transaction fees, the medium of exchange, and staking.

As an incentive of the Klaytn network, KLAY assures excellent writing applications as well as a robust system, in which users’ resources contribution compensates Klaytn nodes, in spite of the high cost of wasteful code.

With a view to sustaining the incentive structures, KLAY desires to facilitate the system of operations, the initiatives of development and the strategy of investments.

The Klaytn ecosystem

There are three major components working in cooperation within the Klaytn ecosystem, including:

Klaytn Blockchain Applications (BApps): Storing over 50 BApps, Klaytn Blockchain features diverse functionalities of the network.
- Angel League: A marketplace platform facilitates the trading of NFTs.
- Quotabook: A security governance platform manages the investments, staking tokens and equity plan through the NFTs.
- Tessa: The fractionalized ownership facilitates the buying/selling and trading of NFTs built on Klaytn.
Klaytn Wallets: Klaytn ecosystem contains a number of multi-purpose wallets that can interact with BApps, including Klaytn online wallet, Kaikas web wallet, and Klip mobile digital asset wallet.
Samsung KlaytnPhone: Klaytn partnered with Samsung to launch this platform and the Galaxy Note 10 KlaytnPhone, allowing users to use blockchain applications and integrate with e-wallets.

Is KLAY a good investment?

The Klaytn project intends to expand the blockchain industry by catering a bridge between the financial sector and information technology.

By enabling businesses to develop and deploy blockchain services, Klaytn is expected to lead enterprise blockchain adoption.

Klaytn Blockchain has captured investors’ attraction since its KLAY token launch in 2019. On July 8, 2022, the KLAY token remains at the price of $0.2421, promising to have a brighter prospect in the crypto industry.

Explore all the trending topics and hottest news in the crypto market with our Blogchain.

Meanwhile, practice trading, play virtual money, and earn real tokens with CryptoSim - Virtual Trading Game.

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Klaytn (KLAY): Is It A Good Investment?

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