Next-generation smart contracts platform focused on Metaverse, GameFi and the producer economy Klaytn (KLAY) altcoin, Launched beta version of decentralized management portal Klaytn Square.
According to the official statement shared by the Klaytn Foundation, a non-profit organization that oversees the development and promotion of the Klaytn blockchain, the governance mechanism Klaytn Square has been put into service in beta mode.
Klaytn (KLAY) Launches Decentralized Altcoin Platform
Klaytn Square provides information for each Governing Council (GC) member, as well as KLAY cryptocurrency It makes decentralized on-chain governance on Klaytn more transparent and inclusive, as it shows information about transfers and staking deposit amounts.
#Klaytn Square Governance Portal is now OPEN! 🎉
Klaytn Square aims to promote transparency and a more #decentralized ecosystem 🦾 Information about Klaytn GC members, their $KLAY transactions and staking deposits can be found on the beta website: https://t.co/jSaD8vrg4j pic.twitter.com/jbffKEGfMP
— Klaytn (@klaytn_official) November 23, 2022
In addition, Klaytn Square will provide visitors with lots of practical information on Klaytn’s progress, promotion and updates, including the agendas of Klaytn Governing Council discussions and the current state of on-chain voting for Klaytn’s ecosystem management and improvement proposals.
Klaytn Foundation Director Sangmin Seo highlights the importance of the Klaytn Square launch for the quality of the project’s communication with its users and founders:
“The launch of Klaytn Square highlights our commitment to open and transparent communication with our communities. As the Klaytn ecosystem matures, we consider pursuing more decentralization strategies to ensure that our communities’ voices are heard through on-chain mechanisms.”
The KLAY altcoin had increased in price by more than 100% overnight after changing its reward mechanism in October of this year. With this change, a restriction was made on the supply of the token.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!