What is Kaia? Information about KAIA Token

What is Kaia?

Kaia (formerly known as Klaytn) is a completely new Layer-1 (L1) blockchain, born from the merger of two well-established blockchains, Finschia by LINE and Klaytn by Kakao. Kaia is managed by the Kaia DLT Foundation, an organization formed after the merger between the Finschia DLT Foundation and the Klaytn Foundation.

Leveraging the combined foundation of Finschia and Klaytn, Kaia boasts the largest dApp ecosystem in Asia, with access to over 250 million users from popular messaging apps like LINE and KakaoTalk. Kaia is also highly compatible with Ethereum and Cosmos, allowing for easy scalability and optimal resource utilization across various blockchain ecosystems.

With low operational costs, high processing capabilities, and low latency, Kaia creates opportunities for businesses to integrate blockchain technology seamlessly. The Kaia blockchain aims to:

Ensure immediate transaction finality
Increase transaction processing speed for real-world applications
Reduce operational costs for blockchain applications
Lower access barriers for end-users
Promote blockchain adoption across multiple industries

Kaia Network Architecture

Kaia’s network is divided into three logical layers:

Core Cell Network (CCN): Comprising Core Cells (CCs) responsible for transaction verification, execution, and block creation.
Endpoint Node Network (ENN): Includes Endpoint Nodes (ENs) that handle RPC API requests and data processing for service chains.
Service Chain Network (SCN): Independent service chains run by dApps and connected to the main chain through ENs.

Transition from Finschia and Klaytn to Kaia

The transition from Finschia (FNSA) and Klaytn (KLAY) to Kaia is now complete. For FNSA holders, a swap to KLAY is required, while KLAY will automatically convert to KAIA upon its official launch.

Outstanding Advantages of Kaia

Web2 User Access: Kaia facilitates Web2 users’ access to Web3 via integrated crypto wallets in KakaoTalk (50 million users in South Korea) and LINE (200 million users in Japan, Taiwan, Indonesia, and Thailand).
Web3 User Attraction: With over 3 million active Web3 wallet addresses, Kaia connects seamlessly to various blockchain projects, creating a vibrant ecosystem that attracts additional Web3 users and drives Kaia’s growth.
Utilization of Real-World Assets (RWA) Liquidity: Kaia currently stores real-world assets like gold, ships, and real estate on its blockchain. In the future, stablecoins and bonds will be added, enhancing liquidity and supporting financial activities on the platform.
Large-Scale Ecosystem Fund: The Kaia Ecosystem Fund provides liquidity and supports sectors like DeFi and GameFi using KAIA tokens.
Optimal Profit Extraction Mechanism: Kaia integrates a Maximal Extractable Value (MEV) mechanism, allowing KAIA stakers to earn automatic MEV profits. This not only enhances liquidity but also supports a token burn mechanism to maintain and increase KAIA’s value.
High Performance: The Kaia blockchain achieves up to 4,000 transactions per second (TPS) and instant finality with a block time of just 1 second. It has L2-like scalability through service chains.
Compatibility: Kaia is fully compatible with Ethereum and Cosmos, ensuring that EVM and Cosmos dApps can run seamlessly on Kaia without modification.
User Account Optimization: Kaia enables flexible account management, with a low-security key for daily transactions and a high-security key for critical activities, reducing risks and enhancing convenience for users.
Decentralization: Kaia is gradually transitioning to a permissionless validator structure, allowing anyone to participate in transaction validation and network security, enhancing decentralization.
Low and Transparent Transaction Costs: Kaia has low transaction fees based on transaction complexity, enabling users to predict costs easily. dApps can also cover users’ transaction fees, lowering barriers and increasing appeal.
Istanbul BFT Consensus Mechanism: Kaia employs Istanbul BFT (Istanbul Byzantine Fault Tolerance), an upgraded version of PBFT, optimized for enterprise applications with strong safety and processing efficiency.

Kaia Ecosystem

Kaia is currently the largest Web3 ecosystem in Asia, with nearly 400 diverse projects spanning DeFi, NFT, Gaming, and Bridges. Notable examples include:

Oracles/Bridges: Supra Oracles, DigiOracle, Pyth, Gas.zip, Witnet, Synapse Protocol, Wormhole, etc.
dApps: SuperWalk, Galxe, Mobula, Airbloc, Chainflix, HABL, etc.
NFTs: KottonSeed, X2Y2 Pro, O-SEAN, 3space Art, ALTAVA, Animal Punks, etc.
Wallets: Kaia Wallet, Micro3, Wallacy Wallet, D’Cent, SafePal, MetaMask, etc.
Gaming: X2EALL, Drawshop Kingdom Reverse, Iskra, DeFi Kingdoms, MarbleX, ABGA, etc.
CEX/Payment: Drawshop Kingdom Reverse, Iskra, DeFi Kingdoms, MarbleX, ABGA, etc.
DEX/DeFi: Swapscanner, Claimswap, Klayswap, Breakfirstfund, Stargate, Wombat, etc.

Similar Projects

Kaia is a Layer-1 blockchain project with similar functionalities to Ethereum, Solana, and Cosmos.

KAIA Token Overview

Basic Information

Token Name: Kaia
Token Code: KAIA
Blockchain: Kaia
Price: $0.11 (as of November 5, 2024)
Market Cap: $700 million
Fully Diluted Market Cap: $700 million
Total Supply: N/A
Max Supply: N/A
Circulating Supply: N/A

Token Distribution and Release Schedule

Validators & Community: 50%
- Block Proposer Rewards: 10%
- Staking Rewards: 40%
Kaia Ecosystem Fund (KEF): 25%
Kaia Infrastructure Fund (KIF): 25%

Currently, all KAIA tokens are unlocked, but there is a potential for inflation from staking rewards.

KAIA Token Utility

KAIA tokens are used for:

Paying transaction fees on the Kaia network
Participating in staking
Rewarding Validators, Stakers, and funding the Ecosystem and Infrastructure Funds

Where to Buy KAIA

Investors can buy and sell KAIA on exchanges like Binance, BingX, and Bybit.

Buy KAIA Token on Binance Here!!!

Potential Assessment

Kaia (formerly Klaytn) is an emerging Layer 1 blockchain project with attractive elements that give it strong potential for growth within the global blockchain ecosystem. Below is an evaluation of Kaia’s potential:

1. Large User Base and Web2 Reach Potential

Kaia has a significant advantage in reaching Web2 users by integrating crypto wallets into popular chat platforms like LINE (200 million users in Japan, Taiwan, Indonesia, and Thailand) and KakaoTalk (50 million users in South Korea). Access to this massive user base enables Kaia to swiftly transition a portion of Web2 users to Web3. This is a major advantage as very few blockchains can achieve such scale and reach as Kaia.

2. Diverse and Rich Ecosystem

Currently, Kaia has developed the largest Web3 ecosystem in Asia, with nearly 400 projects across various sectors such as DeFi, NFTs, Gaming, and Bridges. A diverse ecosystem attracts developers and enterprises, fostering a variety of blockchain services and enhancing Kaia’s overall value. Projects across multiple fields also have the potential to increase liquidity and create new financial opportunities for users.

3. High Compatibility with Ethereum and Cosmos

Kaia is designed to be fully compatible with the Ethereum and Cosmos ecosystems, allowing EVM and Cosmos SDK applications to be deployed on Kaia without major adjustments. This compatibility not only makes it easier for Kaia to scale and onboard more projects but also significantly reduces barriers for developers building on the platform.

4. Leveraging Liquidity from Real-World Assets (RWA)

Kaia has the capability to store real assets, such as gold, real estate, and ships, on the blockchain, establishing a foundation for financial activities related to tangible assets. In the future, as stablecoins and bonds are added, Kaia can provide an ideal environment for tokenized asset transactions. This distinctive feature allows Kaia to grow sustainably and generate stable cash flows from real asset sources.

5. Robust Technology Infrastructure and High Performance

With processing capabilities of up to 4,000 transactions per second (TPS), a block generation time of just 1 second, and low transaction fees, Kaia has achieved high performance that meets the real-world needs of enterprises. The Istanbul BFT consensus mechanism and layered network structure ensure speed, security, and stability. Due to its rapid processing and low transaction costs, Kaia could become the top choice for enterprises looking to integrate blockchain technology into their systems.

6. Development Fund and Investment Opportunities

Kaia’s Ecosystem Fund, with substantial resources, will support liquidity and investment across various fields, from DeFi to GameFi, fueling the growth of projects within the ecosystem. Strategic investments in potential projects not only increase Kaia’s value but also help build and expand the community of users and developers.

7. Valuation and Investment Opportunities

With a current market cap of approximately USD 700 million and a price of USD 0.11 per token, Kaia still holds significant growth potential, especially when compared to other major Layer 1 blockchains like Ethereum and Solana. Notably, since token unlocking is complete and only minimal inflation arises from staking, inflation risk is relatively low and manageable.

Conclusion

Kaia is a project with great potential in the blockchain space, with advantages such as a large user base, a diverse ecosystem, and strong scalability. Its robust technology infrastructure, along with substantial financial support from ecosystem funds, creates a sustainable growth potential for Kaia. However, investors should closely monitor inflation risks and competition from other Layer 1 blockchains.

Above is a comprehensive overview of Kaia (Klaytn) brought to you by AZCNews. If you have any questions, feel free to leave a comment below to get an answer right away!