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  • KLAY Klaytn

    $0.244

    -3.84%

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    Frequently Asked Questions

    • Use Cases of Klaytn

      Klaytn is a versatile blockchain platform with various use cases:

      • Payment for BApps: Users can use KLAY tokens to pay for using blockchain applications (BApps), and developers receive rewards in KLAY tokens for developing these BApps.
      • Transaction Fees: KLAY is used to pay transaction fees on the Klaytn blockchain.
      • Trading: KLAY is widely traded by crypto traders who buy it with the hope of selling at a higher price.
      • Metaverse Development: KLAY is used by developers to build and create content within the metaverse, a key focus area for the Klaytn blockchain.
      • Governance and Incentives: The Klaytn Improvement Reserve (KIR) incentivizes developers and contributors by rewarding them in KLAY tokens for their positive contributions to the network.
      • Enterprise Solutions: Klaytn supports a wide range of enterprise use cases, including supply chain management, digital identity solutions, and more.
      • Service Chains: Klaytn's modular network architecture allows businesses to create and operate their own service-oriented blockchains, known as Service Chains, which can handle various types of web services.
      Last Updated: 11/27/2024 02:26 UTC
    • Pros of Klaytn

      • Low Cost: Klaytn offers fixed unit prices for its services, ensuring that each transaction is handled equally and efficiently. This helps users save on gas fees by paying a portion of them.
      • High Transaction Speed: The blockchain is designed for fast transactions, with a main net that can handle up to 4,000 transactions per second. Users experience nearly instant transactions.
      • Developer-Friendly: The platform supports the Solidity programming language, making it easy for Ethereum developers to migrate to Klaytn without needing to learn a new language. It also provides a variety of API services for developers.
      • User-Friendly: Klaytn is designed to be easy to use, with features like integrated QR code addresses for wallets, making it simple to send and receive assets.
      • Business Development: The platform supports businesses by providing a flexible and scalable blockchain infrastructure, allowing them to integrate their technological infrastructure with a blockchain network.
      • Scalability: Klaytn combines the advantages of public and private blockchains, offering decentralized data, distributed governance, low latency, and high scalability.

      Cons of Klaytn

      • Limited Adoption: The platform's growth potential might be limited by its reliance on Kakao, which could restrict the number of projects launched on the Klaytn blockchain.
      • Fees: Kakao takes a large fee off every transaction, in addition to the gas fee, which could reduce profits for startups launching ICOs on the Klaytn blockchain.
      • Communication Issues: The project's communication has been criticized for being basic and sometimes confusing, which could hinder its adoption.
      • Dependence on Kakao: The platform's success is heavily dependent on Kakao's involvement, which could limit its independence and growth.
      Last Updated: 11/27/2024 02:26 UTC
    • Founders of Klaytn

      Klaytn was developed and launched by GroundX, the blockchain subsidiary of Korea's largest mobile platform, Kakao. The founder and CEO of GroundX is Jaesun Han, a Korean engineer with a Ph.D. in electrical engineering and computer science from the Korea Advanced Institute of Science and Technology.

      Last Updated: 11/27/2024 02:26 UTC
    • Investors in Klaytn

      • Key Investors: Some notable investors in Klaytn include Hashed Fund, Chain Capital, Kommune, and Alameda Research.
      • Funding Rounds: Klaytn has had two private funding rounds. The first round raised $20.2 million at a price of $0.03 per token, and the second round raised $90 million at a price of $0.08 per token.
      • Investment Details: The total amount raised by Klaytn is $110.20 million, with a significant portion coming from private and pre-sale rounds.
      Last Updated: 11/27/2024 02:26 UTC
    • Is Klaytn a Good Investment?

      Short-Term Potential

      Klaytn has shown strong potential lately, with recent upward trends indicating a solid foundation for short-term growth. Analysts predict that it will continue to rise, making it a promising investment for those looking for immediate returns.

      Long-Term Projections

      Looking at the broader picture, Klaytn is expected to see significant growth over the next few years. Predictions suggest that by 2030, it could reach values between $1.45 and $2.08, with some estimates even suggesting it could go as high as $2.45. This long-term potential makes it an attractive option for investors planning to hold onto their assets.

      Expert Opinions

      Industry experts and analysts generally have a bullish outlook on Klaytn. They anticipate that the token will experience a steady increase in value, driven by its strong blockchain and scheduled ecosystem upgrades. This consensus among experts adds credibility to the notion that Klaytn is a good investment.

      Growth Trajectory

      Klaytn's growth trajectory is expected to be steady and consistent. With predictions of reaching $0.31 in 2024 and potentially $2.45 by 2030, it shows a clear path of upward movement. This steady growth makes it a reliable choice for investors looking for a stable investment.

      Conclusion

      Overall, Klaytn is considered a good investment due to its short-term potential, long-term projections, expert opinions, and growth trajectory. It offers a promising opportunity for both immediate and long-term returns, making it an attractive option for investors.

      Last Updated: 11/27/2024 02:27 UTC
    • Halal Status of Klaytn

      • Is Klaytn Halal?: Yes
      • Reason: Klaytn is considered halal because it aligns with Islamic values and meets Shariah compliance criteria. It has a legitimate product built on blockchain technology with a public roadmap, and its token is used for paying transaction fees and as a medium of exchange, which is permissible under Islamic law.
      Last Updated: 11/27/2024 02:27 UTC

    Description

    #0

    Klaytn is a public blockchain that focuses on the metaverse, gamefi, and the creator economy. It was launched in June 2019 by South Korean internet giant Kakao and offers an end-to-end metaverse developer package with various tools and services.

    Sector: Media
    Blockchain: Other L1

    Market Data

    Rank: 0
    Volume: 311K
    Marketcap: 0
    Fully Diluted Value: N/A
    Circulating Supply: N/A