Klaytn (KLAY) Changes Tokenomics and Governance Models

• The Klaytn Foundation is making changes to the governance and tokenomics model of the KLAY network.
• According to the Klaytn Foundation, the changes will increase the sustainability and decentralization of the blockchain.
• KLAY is now one of the biggest crypto gainers, rising by 49.3% last week.

The Klaytn Foundation, a major developer and code maintainer of the Klaytn blockchain, has announced that it is changing the governance system and tokenomics model of the native KLAY tokens.

Klaytn Foundation Makes Changes to KLAY Tokenomics

The foundation behind South Korea's leading Layer-1 blockchain, Klaytn, has announced a new governance system and made changes to the tokenomics of the native token to increase community involvement in the network. 

The changes are part of the Decentralization Phase of the Governance Roadmap. The proposal drawn in collaboration with the Klaytn Governance Council (GC) will also hold the detailed changes to...

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