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Klayton Foundation’s Proposal for a Sustainable and Verifiable KLAY Token Economy

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According to the report, according to the official news, the proposal of \”building a sustainable and verifiable KLAY token economy\” put forward by the Klayton …

Klayton Foundations Proposal for a Sustainable and Verifiable KLAY Token Economy

According to the report, according to the official news, the proposal of “building a sustainable and verifiable KLAY token economy” put forward by the Klayton Foundation has been voted by the members of the Governance Committee (GC). 26 of the 31 GC members participated in the vote and all approved the proposal. According to the proposal: 1. First, destroy and remove 5.28 billion KLAYs that have not been used in the past 3 years and 8 months out of the initial issuance reserve of about 7.48 billion KLAYs. 2. If no use cases are found in cooperation with Klayton’s governance committee (GC) and the community, another 2 billion KLAYs will be burned and removed from the supply within 3 years. Klaytn Growth Fund (KGF) and Klaytn Improvement Reserve (KIR) will be merged and re-established as Klaytn Community Fund (KCF), and a new operating fund Klaytn Foundation Fund (KFF) will be established.

Klaytn will carry out Kore hard bifurcation in Q2 and destroy 5.28 billion KLAYs in the initial issuance reserve

Interpretation of the news:


The Klayton Foundation recently proposed the creation of a sustainable and verifiable KLAY token economy, which was approved by the members of the Governance Committee (GC). This proposal involves several measures aimed at ensuring the long-term viability of KLAY tokens.

One of the key measures proposed is the destruction and removal of 5.28 billion KLAY tokens that have remained unused for the past 3 years and 8 months. This will reduce the initial issuance reserve of about 7.48 billion KLAYs and ensure that only actively used tokens remain in circulation. Additionally, if no new use cases are identified in collaboration with the GC and the community, another 2 billion KLAY tokens will be burned and removed from the supply within the next 3 years.

To further support the development of a sustainable KLAY token economy, the Klaytn Growth Fund (KGF) and Klaytn Improvement Reserve (KIR) will be merged and re-established as the Klaytn Community Fund (KCF). This fund will be used to support the growth and development of the Klaytn ecosystem over the long-term. The proposal also includes the establishment of a new operating fund, the Klaytn Foundation Fund (KFF), which will provide ongoing financial support for the Klayton Foundation’s activities.

Overall, the Klayton Foundation’s proposal aims to create a more stable and sustainable KLAY token economy by reducing the token supply and establishing dedicated funds to support ongoing development and growth. The proposal was approved unanimously by the GC, indicating widespread support for these measures among key stakeholders in the Klaytn ecosystem.

Keywords such as sustainability, verifiability, governance committee, reserve, and operating fund highlight the proposal’s focus on creating a more transparent and stable KLAY token economy, with dedicated resources to support ongoing development and growth. The destruction and removal of unused tokens, along with the establishment of dedicated funds, can help ensure that KLAY tokens remain a valuable asset over the long-term.

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