Klayton Foundation Proposes a Sustainable and Verifiable KLAY Token Economy

02/22/2023 06:29 • Blockchain Buzz • 132 views

On February 22, the Klayton Foundation released a proposal to “establish a sustainable and verifiable KLAY token economy”, proposing to immediately destroy and remove the 5.28 billion KLAYs that were not used in the past three years and eight months out of the initial issue reserve of about 7.48 billion KLAYs. If no use cases are found in cooperation with Klayton’s Governance Committee (GC), 2 billion KLAYs will be destroyed and stopped within 3 years.

Klayton’s proposal to “destroy 5.28 billion KLAYs out of 7.48 billion KLAYs” has been voted

Interpret the above information:

In recent news, the Klayton Foundation has proposed to establish a sustainable and verifiable KLAY token economy. The proposal includes immediate destruction and removal of the 5.28 billion KLAY tokens that have not been used in the past three years and eight months from the initial issue reserve of about 7.48 billion KLAYs.

The Klayton Foundation has taken this initiative to maintain a transparent and credible KLAY token economy by creating a partnership with Klayton’s Governance Committee (GC) to identify use cases for the KLAY tokens. If no opportunites for use cases are found, 2 billion KLAY tokens will be destroyed and stopped within 3 years.

The Klayton Foundation aims to ensure the stability and growth of the KLAY token economy, comprising the collaboration of investors, developers, and users. By removing the unused KLAY tokens, the foundation believes the KLAY token economy will become sustainable and soon attract more use cases. This remarkable move has been made to deter inflation and misuse of the KLAY token. In addition to the proposed destruction of unused KLAY tokens, the company plans to handle the remaining tokens with caution to reduce the risks associated with inflation.

Klayton Foundation is proving its dedication to creating a token economy that benefits all investors and supports growth in the blockchain technology industry. Investors can have more confidence in investing in KLAY tokens, knowing that the foundation is taking proactive measures to ensure the development and sustainability of the token economy.

In conclusion, the Klayton Foundation’s proposal to establish a sustainable and verifiable KLAY token economy is a step towards long-term growth for blockchain technology. By proposing to destroy and remove the unused KLAY tokens, it attracts more use cases while reducing the risk of inflated tokens. The proposal builds investor confidence in the KLAY token economy and lays the foundation for a strategic growth plan.

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Klayton Foundation Proposes a Sustainable and Verifiable KLAY Token Economy

Klayton’s proposal to “destroy 5.28 billion KLAYs out of 7.48 billion KLAYs” has been voted

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