Blockchain platform Klaytn, developed by internet giant Kakao Corp, announced that it will take innovative steps in the KLAY token economy and governance models.
In the post published on January 10 from the official Medium account of Klaytn, it was announced that the governance models will be changed for the sustainability and transparency of their ecosystems. Klaytn’s overall version of these changes their technical capabilities, income sustainability. And its decentralized structure development and ultimately KLAYIt is planned to contribute to making . As the Foundation implements these changes, it currently oversees the governance of the Klaytn network. Klaytn Governance Council (GC) will work in coordination with
With this step taken, GC members Klaytn blockchain Its decision-making authority over its operation will be further expanded and the foundation will promote projects based on the decisions of GC members rather than its own. However, a governance protocol Klaytn Square via GC on-chain voting agendas and their status is explained in real time Strengthening governance transparency is intended.
On the other hand, the Foundation will continue to develop projects in the Klaytn ecosystem and continue its role as the decision-making body. Klaytn Foundation to GC from February 20 a renewed token economy offering will present. This proposal also includes a recommendation for the use of decirculated (reserved) KLAY tokens in response to feedback from the community. Finalized agendas and proposals, together with a technical roadmap for 2023 February 28will be made public.
Klaytn local token KLAY at the time of writing CoinGecko according to data $0.348 trading levels.