Hassan Maishera
Kaia, the blockchain created by the Klaytn and Finschia merger, announced via a Medium post on Monday that its mainnet will launch on 29 August 2024. Staking and redelegation on Finschia will be disabled on 23 August.
Also, on 19 August, various Klaytn and Finschia on-chain parameters, including inflation and reward rates, will be updated to match the Kaia Rewards policy outlined in the integration proposal.
On 27 August, the Finschia Governance Members will offboard, deactivating their Finschia validator nodes to join the Kaia Governance Council. Finally, on 29 August, the Kaia Portal will go live with the launch of the Kaia mainnet. Kaia Portal is an official web service provided by the Kaia DLT Foundation and will serve as the gateway to the Kaia DeFi ecosystem. Through the Kaia Portal, users can quickly and easily buy, swap, stake, and carry out other functions.
Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao, with 50 million users worldwide. KLAY is up 2% in the last 24 hours and now trades at $0.1578 per token.
