Developed by leading Korean IT company Kakao, Klaytn is a global Layer 1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency amongst leading blockchains, enterprise-grade reliability, and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.

The Klaytn blockchain was developed and launched in June 2019 by GroundX, the blockchain subsidiary of Korea’s largest mobile platform, Kakao. After two years of success in Korea, the Klaytn Foundation—a non-profit entity devoted to the Klaytn network and its ecosystem—was established to begin Klaytn’s global expansion.

Klaytn Foundation is a non-profit organization that was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the Klaytn Growth Fund and operates alongside Krust, a subsidiary of internet giant Kakao Corp that invests in projects built on Klaytn.

KLAY is the native digital asset that fuels and secures the Klaytn protocol. Klaytn was launched with 10 billion KLAY issued at genesis, and there are currently 3.2 billion KLAY coins in circulation. With every new block, 9.6 KLAY will be minted and the newly issued KLAY and the sum of transaction fees used in the block (collectively called the “block reward”) will be aggregated and distributed to the following three destination accounts in accordance to the predetermined ratio:

• Klaytn Governance Council Reward: 34%
• Klaytn Growth Fund (KGF): 54%
• Klaytn Improvement Reserve (KIR): 12%

KLAY is available for trading on many major centralized exchanges, including: Binance BingX Bit.com Bitazza BitBNS BitGet BitMart BitMex BitPanda BitPoint Bithumb Bitrue Bitvavo BlockFinex BTSE BTX ByBit CoinDCX CoinHako CoinOne Crypto.com DeepCoin DigiFinex Exolix Flipster FMFW Gate.io GDAC GoPax HitBTC HTX IndoDax Korbit KuCoin LBank MEXC Nominex OKX P2PB2B PrimeXBT Probit SimpleSwap Tokocrypto Upbit WazirX WhiteBit

KLAY is also available through the following fiat on-ramp services: Bit2Me BTX ChangeNow CoinSpot MoonPay XT.com

The all-time high of KLAY was 4.38 USD on 2021-04-02, from which the coin is now down 96.19426240746576%. The all-time high price of Klaytn (KLAY) is 4.38. The current price of KLAY is down 96.19426240746576% from its all-time high.

As of , there is currently 3.63Bn KLAY in circulation. KLAY has a maximum supply of 0.

The current market cap of KLAY is 605.04M. It is calculated by multiplying the current supply of KLAY by its real-time market price of 0.166691306553.

The all-time low of KLAY was 0.05732811 , from which the coin is now up 190.7671412035038%. The all-time low price of Klaytn (KLAY) is 0.05732811. The current price of KLAY is up 190.7671412035038% from its all-time low.

Klaytn (KLAY) has a market capitalization of $605.04M and is ranked #128 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Klaytn (KLAY) price trends and patterns to find the best time to purchase KLAY.