Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin hits $ 103k, but long-term holders still not convinced?

2025-05-17

Rideshare Company Lyft taps bee cards for decentralized mapping data

2025-05-17

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

2025-05-17
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Rideshare Company Lyft taps bee cards for decentralized mapping data

    2025-05-17

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-16

    DAC platform and M3 DAO partner to bridge web3 and real-world ecosystems

    2025-05-16

    Hoskinson of Cardano rejects crypto -tribalism, reveals new details about massive ‘glacier drop’

    2025-05-16

    The new limit of reliable and scalable artificial intelligence

    2025-05-16
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US senators make potential progress on Stablecoin bill in the midst of partisan negotiations: report

    2025-05-16

    American chairman Jerome Powell warns of future inflation, says that the economy could introduce a period of more frequent supply shocks

    2025-05-16

    Chainlink praises the guidelines of SEC and sets the stage for crypto integration in institutional finances

    2025-05-16

    Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

    2025-05-16

    Coinbase confirms that the SEC Sun from Biden era on ‘verified users’ is still ongoing

    2025-05-15
  • Analysis

    Crypto heats up, $ 35 billion comes into the market in less than a month

    2025-05-17

    Analyst says that Top-20 Altcoin is ready to explode with 85%+ ultimately, Outlook works on Bitcoin and Dogwifhat at

    2025-05-16

    Bitcoin -price looks up – does the next leg be higher?

    2025-05-16

    Webull Pay joins forces with leading American Exchange Coinbase to Power Crypto Services

    2025-05-16

    XRP -price sinks lower, but card whisperers see a fall for the bears

    2025-05-16
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Klatyn and LINE-backed Finschia are proposing a blockchain merger
Blockchain

Klatyn and LINE-backed Finschia are proposing a blockchain merger

2024-01-16No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Klaytn KLAY +26.29% a Layer 1 blockchain network backed by South Korean internet giant Kakao, and Finschia, a major blockchain in Japan developed by messaging conglomerate LINE, have proposed merging the two blockchains – a move it claims could potentially create the largest Web3 ecosystem of Asia could create.

Klaytn Foundation and Finschia Foundation said in a joint statement today that they plan to form a new blockchain that supports both EVM and CosmWasm frameworks. The two foundations will also merge into one organization if the proposal is approved.

The pair noted that the new mainnet will inherit Klaytn’s integration with KakaoTalk and Finschia’s integration with LINE, which serves a user base of more than 250 million digital wallets with more than 420 decentralized apps, according to the statement. Kakao and LINE are both prominent messaging platforms in Asia.

“With access to every Kakaotalk and LINE user, the new public blockchain will also act as a springboard for Asia’s IT and entertainment companies,” the companies said.

The vote on the possible merger will take place from January 26 to February 2.

The potential for a new token

The companies also proposed a new token to replace the existing KLAY and FNSA +23.73% , the native coins of the combined blockchains. Holders of both coins can exchange the new coin upon issuance, the statement said.

Following the announcement of the possible merger, KLAY’s price rose 31.8% in the past 24 hours to $0.25 at 2:20 PM Hong Kong time, according to The Block figures. price page. FNSA climbed 22.6% to trade at $34.74 facts showed.

See also  Singularity Finance Partners with particle network

“Based on the combined experience of both foundations, the proposed tokenomics for this new indigenous currency will have a strong focus on delivering sustainable value creation,” the companies said. “This will be achieved through lower base inflation and a three-tiered burn model designed to drive the currency towards deflation as network activity increases.”

The foundations explained that they plan to burn 24% of new coins issued to “implement Zero Reserve Tokenomics.”

“We are excited to take the first step toward unlocking the tremendous synergy of merging the public blockchains started by Kakao and LINE, both leading IT companies in Asia,” the foundations said.

Source link

Blockchain Finschia Klatyn LINEbacked merger Proposing
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rideshare Company Lyft taps bee cards for decentralized mapping data

2025-05-17

British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

2025-05-16

DAC platform and M3 DAO partner to bridge web3 and real-world ecosystems

2025-05-16

Hoskinson of Cardano rejects crypto -tribalism, reveals new details about massive ‘glacier drop’

2025-05-16
Add A Comment

Comments are closed.

Top Posts

Will the $93,257 support below hold or break?

2024-12-30

Avail’s Testnet surpasses 100 million transactions and demonstrates the capabilities of the Mainnet

2024-03-05

Ethereum price faces an uphill battle and could fall again to $1,500

2023-09-13
Editors Picks

You won’t believe how many SHIB whales have bought

2023-10-28

What is a TLD? Insight into the top level domains: Take the unstoppable TLD quiz to find your perfect match

2025-04-08

Crypto Analyst Identifies ‘Point of Control’ That Could See a Repeat of 2017

2024-07-08

This Bitcoin rally is similar to Genesis points of historical uptrends: Glassnode

2023-07-11

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin hits $ 103k, but long-term holders still not convinced?

Rideshare Company Lyft taps bee cards for decentralized mapping data

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,451.56-0.54%
  • ethereumEthereum(ETH)$2,488.23-4.12%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.37-2.07%
  • binancecoinBNB(BNB)$643.71-2.25%
  • solanaSolana(SOL)$168.95-2.21%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.217058-4.25%
  • cardanoCardano(ADA)$0.76-2.51%
  • tronTRON(TRX)$0.268758-2.84%
  • suiSui(SUI)$3.83-1.74%
  • chainlinkChainlink(LINK)$15.42-5.95%
  • avalanche-2Avalanche(AVAX)$22.81-4.53%
  • hyperliquidHyperliquid(HYPE)$27.091.35%
  • stellarStellar(XLM)$0.289998-2.42%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.931.24%
  • hedera-hashgraphHedera(HBAR)$0.193312-3.48%
  • bitcoin-cashBitcoin Cash(BCH)$397.97-0.52%
  • the-open-networkToncoin(TON)$3.07-1.44%
  • litecoinLitecoin(LTC)$100.520.10%
  • polkadotPolkadot(DOT)$4.70-3.70%
  • moneroMonero(XMR)$337.23-0.17%
  • bitget-tokenBitget Token(BGB)$4.96-1.26%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.000012-8.41%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • piPi(PI)$0.69-20.97%
  • uniswapUniswap(UNI)$5.90-6.99%
  • bittensorBittensor(TAO)$419.63-4.68%
  • aaveAave(AAVE)$226.87-3.26%
  • nearNEAR Protocol(NEAR)$2.76-5.53%
  • aptosAptos(APT)$5.11-5.40%
  • okbOKB(OKB)$53.11-1.08%
  • kaspaKaspa(KAS)$0.114310-3.50%
  • ondo-financeOndo(ONDO)$0.92-7.40%
  • internet-computerInternet Computer(ICP)$5.22-5.16%
  • ethereum-classicEthereum Classic(ETC)$18.29-5.17%
  • gatechain-tokenGateToken(GT)$21.53-1.01%
  • crypto-com-chainCronos(CRO)$0.099112-2.07%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.42-4.15%
  • mantleMantle(MNT)$0.73-2.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232089-4.18%
  • vechainVeChain(VET)$0.027889-5.70%
  • render-tokenRender(RENDER)$4.55-7.26%
  • ethenaEthena(ENA)$0.378544-0.51%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.218959-4.35%
  • filecoinFilecoin(FIL)$2.81-5.94%
  • cosmosCosmos(ATOM)$4.73-4.64%
  • bitcoinBitcoin(BTC)$103,451.56-0.54%
  • ethereumEthereum(ETH)$2,488.23-4.12%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.37-2.07%
  • binancecoinBNB(BNB)$643.71-2.25%
  • solanaSolana(SOL)$168.95-2.21%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.217058-4.25%
  • cardanoCardano(ADA)$0.76-2.51%
  • tronTRON(TRX)$0.268758-2.84%
  • suiSui(SUI)$3.83-1.74%
  • chainlinkChainlink(LINK)$15.42-5.95%
  • avalanche-2Avalanche(AVAX)$22.81-4.53%
  • hyperliquidHyperliquid(HYPE)$27.091.35%
  • stellarStellar(XLM)$0.289998-2.42%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.931.24%
  • hedera-hashgraphHedera(HBAR)$0.193312-3.48%
  • bitcoin-cashBitcoin Cash(BCH)$397.97-0.52%
  • the-open-networkToncoin(TON)$3.07-1.44%
  • litecoinLitecoin(LTC)$100.520.10%
  • polkadotPolkadot(DOT)$4.70-3.70%
  • moneroMonero(XMR)$337.23-0.17%
  • bitget-tokenBitget Token(BGB)$4.96-1.26%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.000012-8.41%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • piPi(PI)$0.69-20.97%
  • uniswapUniswap(UNI)$5.90-6.99%
  • bittensorBittensor(TAO)$419.63-4.68%
  • aaveAave(AAVE)$226.87-3.26%
  • nearNEAR Protocol(NEAR)$2.76-5.53%
  • aptosAptos(APT)$5.11-5.40%
  • okbOKB(OKB)$53.11-1.08%
  • kaspaKaspa(KAS)$0.114310-3.50%
  • ondo-financeOndo(ONDO)$0.92-7.40%
  • internet-computerInternet Computer(ICP)$5.22-5.16%
  • ethereum-classicEthereum Classic(ETC)$18.29-5.17%
  • gatechain-tokenGateToken(GT)$21.53-1.01%
  • crypto-com-chainCronos(CRO)$0.099112-2.07%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.42-4.15%
  • mantleMantle(MNT)$0.73-2.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232089-4.18%
  • vechainVeChain(VET)$0.027889-5.70%
  • render-tokenRender(RENDER)$4.55-7.26%
  • ethenaEthena(ENA)$0.378544-0.51%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.218959-4.35%
  • filecoinFilecoin(FIL)$2.81-5.94%
  • cosmosCosmos(ATOM)$4.73-4.64%