Clayton (CLAY) is an open decentralized business network, a system token used for decentralized applications, entertainment, Internet content, payment transactions, computer games. The following features and advantages of the token can be distinguished: high transaction speed, subsidized transaction costs, flexible scalability.

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Wrapped Klaytn (WKLAY) news

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The Cypress network will execute the treasury rebalancing on 17 April (Mon), ~12am (GMT+8) 🕛

Here's what to expect:

🔥 A burn of ~5.29B $KLAY
↔️ Rebalancing into 3 new funds: Klaytn Community Fund (KCF), Klaytn Foundation Fund (KFF) and Klaytn Value Creation Reserve (KVC)

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🦾 Summary Sunday (16 Apr) 🚀

1️⃣ As part of the KGP-6 proposal, ~5.29B $KLAY will be burnt, 0.197B $KLAY was given to GroundX, and the remaining KGF and KIR funds will be merged and rebalanced into three new funds: KCF, KFF, and KVC on 17 April, ~12am (GMT+8) 🤝
Read more here 
 
2️⃣ We've prepared a guide on how to check the status of TreasuryRebalancing! 🦾
Read more here 

3️⃣ If you're wondering how to buy $KLAY and get started on your #Klaytn journey, Jane from Everstake has shared a brief guide on how to do so 🌐
Read more here

That's it for today's Summary Sunday ☀️ Follow us on our official channels to stay updated on Klaytn! 🚀

Summary Sunday (16 Apr). As part of the KGP-6 proposal, ~5. 29B $KLAY will be burnt, 0.