What is the idea behind Klaytn (KLAY)?

Kakao’s Ground X built a public Layer-1 blockchain for businesses and consumers to use for their dApps.

For what purposes is KLAY created?

KLAY was created to serve many purposes such as - easy transactions, decisions on the network, holding your crypto and taking part in DeFi and NFT platforms.

What platforms do I use to purchase KLAY?

You can access Sapient on Binance, KuCoin and OKX as well as on ClaimSwap DEX.

Are Klaytn and Ethereum compatible since both use the EVM, like Ethereum Classic?

Yes, they’re EVM-compatible, so smart contracts can run on both. Full interoperability requires third-party bridges.

Why is Klaytn different from others?

Because It uses an approach that starts with enterprises, with both a public and private blockchain and final validation in seconds.

Do I have the ability to stake KLAY?

Staking is possible in both the Kaikas wallet and in DeFi platforms.

How secure is Klaytn, and what basic precautions should users follow?

Klaytn is a secure, EVM-compatible blockchain backed by enterprise-grade infrastructure. However, users should still use hardware wallets and avoid interacting with unknown or unverified smart contracts to stay safe.

Which blockchains are Klaytn’s competitors?

The main competition for Ethereum comes from Polygon, Avalanche and BNB Chain.

What is KLAY’s total supply?

The total supply of KLAY is 10.7 billion KLAY.

What could go wrong when I invest in KLAY?

Although market challenges are now being tended to by crypto industry leaders, changes in regulations and low liquidity outside Asia remain concerns.

Klaytn (KLAY) News: Latest Updates, Headlines & Analysis

Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

Crypto Wallet NewsLatest News

Kakao’s Crypto Wallet Now Scheduled to Launch in Q1 2020

Leading South Korean internet company, Kakao will allow about 50 million active users of its chat application, KakaoTalk, to experience blockchain through its crypto wallet, which is now scheduled to launch in Q1 of 2020. Per the report by Hankyung, Kakao noted that they are developing a digital asset wallet dubbed Klip, which will be … Read more

April 26, 2025 9:01 AM GMT+02 mins read

Ibiam Wayas

Author

Crypto Wallet News

Korean Internet Company “Kakao” Almost Ready to Launch its Crypto Wallet this Year

April 26, 2025 8:41 AM GMT+02 mins read

Ibiam Wayas

Author