- Category: Platform, Layer 1
[Overview of KAIA Coin]
The KAIA blockchain aims to provide a faster and more user-friendly blockchain platform by combining the Klaytn and Pincia networks. This platform processes transactions efficiently and quickly, similar to merging two highways into one, allowing for smoother management of increased traffic. This innovative system maintains high security standards and fast processing speeds while enhancing the accessibility of blockchain technology. KAIA seeks to revolutionize the way people interact with blockchain technology through strong technical foundations and support from major tech companies.
[Technology]
The KAIA blockchain operates on a high-efficiency digital system that can process approximately 4,000 transactions per second, akin to thousands of credit card transactions being processed simultaneously. Transaction confirmation times are nearly instantaneous, unlike traditional blockchain networks.
The network operates through consensus nodes, which utilize the IBFT (Improved Byzantine Fault Tolerance) system to generate multiple security verifications and ensure smooth operation. KAIA's innovative account system provides greater flexibility than traditional blockchain accounts, supporting features such as multiple security keys and delegation fees.
Furthermore, it is designed with a user-friendly interface and advanced security measures, making it accessible for both beginners and experienced users. Enhanced features of the smart digital wallet allow for effective and secure asset management.
[Tokenomics]
KAIA tokens serve as essential fuel for the entire blockchain system. The project plans to convert existing KLAY and FNSA tokens into KAIA tokens upon launch, with a conversion ratio of 1 KLAY to 1 KAIA, and approximately 148 FNSA to 1 KAIA.
The new KAIA tokens will be distributed as follows:
- 50% will be distributed to network validators and the community.
- The remaining 50% will be evenly distributed to ecosystem and infrastructure funds.
The ecosystem fund supports the development of new projects, while the infrastructure fund is used to maintain and improve network operations. KAIA implements a three-tier token burn system that regularly removes tokens from circulation to maintain the stability of token value and promote a healthy economic balance.
This economic model provides incentives for participants contributing to the growth and stability of the network, focusing on maintaining a self-sustaining ecosystem.
[Roadmap]
The development roadmap emphasizes three core technical objectives: performance optimization, enhanced transparency, and sustainable growth.
- Short-Term Implementation: Focuses on unauthorized validator operations while maintaining network performance standards.
- Advanced MEV Solutions: Develop solutions to enhance the transparency and fairness of transaction ordering.
- Sophisticated Block Archiving Technology: Includes technologies for efficient verification of historical data.
- Evolution of the Governance System: Supports various participation models, including DAO integration, to advance the governance system.
- Strategic Partnerships and Infrastructure Improvement: Promotes ecosystem expansion and improves network infrastructure.
- Technical Upgrades: Focuses on scalability and security while maintaining EVM compatibility.
- Advanced Cross-Chain Communication Protocol: Implements cross-chain communication protocols to enhance interoperability.
- Sophisticated Developer Tools and Infrastructure Support Systems: Develop support systems to help developers work more effectively.
- Long-term Goals: Focuses on network decentralization and community-led governance models.
[Total Supply and Circulation]
- Total Supply: 5.9 billion coins
- Circulation: 5.9 billion coins, meaning the total supply is entirely in circulation.
[All-Time High and Low]
- All-Time High: $0.415 on December 3, 2024
- All-Time Low: $0.1007 on August 5, 2024
[Major Exchanges]: Binance (24%), Gate (16.7%), Bybit (7.8%)
[Conclusion]
The KAIA blockchain leverages the strengths of the combined Klaytn and Pincia networks to offer a fast and user-friendly blockchain platform. With innovative technology and a robust token economic model, it aims to transform the way people interact with blockchain technology.
