Finschia and Klaytn propose to merge their mainnets and issue a new token
According to official sources, instant messaging application LINE has proposed a mainnet merger with the blockchain project Finschia and the Korean public chain Klaytn. The integrated blockchain will combine Ethereum (EVM) and Cosmos (CosmWasm) technologies to provide a compatible and high-performance network. After the mainnet merger, a new integrated token (temporarily named PDT) will be issued, and holders of FNSA and KLAY will be able to claim this new token. This merger proposes a brand-new token economic model. Approximately 24% of the existing supply will be burned, while the unreleased supply will be permanently removed. The inflation rate after integration will decrease to 5.2%, and a new burning model will be introduced to sustain growth. If approved, there are plans to establish an integrated foundation in the second quarter, launch a new token exchange, complete governance integration, and introduce new business plans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
Copper prices approach historic highs! UBS remains bullish: "Still most optimistic"
A COVID Vaccine Stock on the S&P 500 Is Up 600% This Year
Crypto prices
More
