The Klaytn Metaverse Crypto is on the rise, gaining over 40% over the past three days and trading above $0.20. He Klaytn of Open Source Blockchain has proposed governance changes that would reduce block rewards. The team wants to lower KLAY’s inflation to attract more investors, make it more competitive, and ensure the long-term viability of Klaytn’s tokennomics.clayton is Clayton Governance Council Lower block rewards.
To reduce KLAY emissions, the proposal proposes reducing existing block rewards by a third. Planned decrease was calculated using token demand and current circulation. The members of the GC are his 36 people, 10 of whom have already voted. Voting to approve the proposal he will close on October 25th.
An ongoing proposal by the GC recommends reducing existing block rewards by 1/3 to optimize block levels. $ clay release.
The results of the governance vote will be communicated by October 25, 2022.
Click here for details:https://t.co/wkC9WEOrzq
— Clayton (@klaytn_official) October 23, 2022
According to the cryptocurrency’s development team, if approved, the inflation adjustment will “be reflected on-chain around mid-November.” Additionally, the block reward is reduced from 9.6 KLAY to 6.4 KLAY per Klaytn. The newly created funds will be distributed 50% to the General Council (GC), 40% to the Klaytn Growth Fund (KGF) and 10% to the Klaytn Improvement Reserve.
GC Proposal Voting Results: PASS
26 out of 36 GC members participated
All 26 voted “Pass”
as a result:
1️⃣ 9.6 KLAY ➡️ 6.4 KLAY minted per block
2️⃣ New Allocation ➡️ GC 50% / KGF 40% / KIR 10%
3️⃣ Adjustments will be reflected on-chain in mid-November
read more: https://t.co/96S7kVQ8Nm
— Clayton (@klaytn_official) October 24, 2022
After the announcement, the KLAY/USD value increased. Regardless of the vote result, the majority of ecosystem participants believe that the rewards per block will decrease. Investors are aggressively increasing their holdings of KLAY as total emissions fall, but remain concerned about the potential for supply shocks.
Klaytn Price & Tokenomics – Source: Tradingview
KLAY is currently trading at $0.2001 with a 24-hour trading volume of $120 million. Klaytn has fallen 0.11% over the past 24 hours, but is up more than 40% over the past 7 days. With a current market capitalization of $615 million, CoinMarketCap is currently ranked 68th. It has 3,084,363,314 KLAY coins in circulation, with an unknown maximum supply.
Clayton’s Recent Developments
Klaytn is rapidly expanding its metaverse application ecosystem. Covers services that support P2E games, NFTs, AAA games, Play-to-Earn (P2E) games, and Metaverse Enterprise. KLAY’s dominance in blockchain, social networks, digital assets, gaming, and entertainment will give it an edge in this developing market.
Next-gen games coming soon on Klaytn-Chain
Are you ready for the match?!
— 3KM Multi-Game Platform (@3KMOfficial) October 20, 2022
Multi-game platform Three Kingdom Multiverse has announced that it will launch on the Klaytn blockchain on October 20th. This was the latest significant advancement in a long line of blockchain development. On the same day, the Phemex exchange listed his KLAY/USDT on the spot market. Later that day, on October 21st, decentralized stake his provider Everstake announced that it had joined the Klaytn ecosystem. A staker who stakes her KLAY using Everstake will receive her APR 3x his of any other validator.
$ clay Buyback Notice
A buyback is underway to stabilize the Klaytn ecosystem.
1️⃣ Klaytn Foundation’s Stablecoin Reserve will be used
2️⃣ Only spot purchases from the marketplace (CEX)
3️⃣ All purchased KLAY will be burned
— Clayton (@klaytn_official) October 24, 2022
The Clayton Foundation buy backThe buyback will be funded from the Clayton Foundation stablecoin reserve, according to the release. Additionally, for buybacks, only spot purchases from centralized exchanges are allowed. During the redemption, the Foundation will burn the purchase of KLAY. All these recent developments in the Klaytn ecosystem are positive for the KLAY/USD price.
Technically, the KLAY/USD pair is trading very bullish, with support near $0.1850. On the upside, KLAY may encounter another resistance near $0.2325 and a bullish crossover above this could lead the price to his $0.2693 level.
Klaytn (KLAY) Price Chart – Source: Tradingview
MACD and RSI show some divergence, with RSI supporting the buy trend and MACD in the sell zone. On the downside, a break below the $0.1850 support level could see KLAY fall to $0.1579 or $0.1250.
Check Out These 3 Cryptos For GameFi, Traders And Green Investors
There are more promising alternatives to KLAY, especially for traders looking for big profits in the long run. All three of these altcoins have significantly better fundamentals than KLAY.
- Dash 2 Trade (D2T)
- Calvaria (RIA)
At the same time, the fact that they are currently having their respective pre-sales means that early investors can secure above-average profits as each coin is expected to skyrocket when first listed on the exchange. It’s hard to predict how high each one will climb. Tamadog (TAMA) After debuting on OKX in early October, we witnessed a return of 1,800% compared to the pre-sale price.
It shows how much the newly listed currencies can rise under the right conditions, and all three of these currencies have excellent sales quality, so they are expected to generate significant returns once the pre-sale ends. is also expected.
Initially dash 2 tradeis an Ethereum-based trading intelligence platform that provides users with real-time analytics and statistics to help identify profitable trades. D2T is well positioned to maintain positive momentum during a very strong pre-sales period. While D2future T’s price history is unpredictable, its fundamentals make it an attractive platform for investors and traders, so it can be profitable after securing its first few listings.
Do not miss it #D2T Presale!
Stage 1 starts and sells out quickly.
— Dash 2 Trade (@dash2_trade) October 20, 2022
In just one week after its launch, Dash 2 Trade’s pre-sale has raised over $2.5 million. This brings us halfway through the second stage of the presale, where the price jumps from 0.05 USDT to 0.0513 USDT.
It won’t stop soon!
Raised $2.5 million to date
⏰ Hurry before the price rises to $0.0513 in the next stage ⏰
— Dash 2 Trade (@dash2_trade) October 26, 2022
For that reason, it’s heartening to see it a month after launch twitter account, Dash 2 Trade has over 31,000 followers. Besides showing that there is a huge appetite for Dash 2 Trade within the community, the stats also predict that the app will do well after its release.
Another Ethereum-based project, IMPT, is creating a carbon credit marketplace where consumers can purchase from green companies and receive NFT-based carbon offsets as payment.Its presale raised over $10 million IMPT tokenstarted about three weeks ago.
Note #IMPT crew
New Milestones Achieved ✅
⏰ $300,000 left until the next stage! Hurry before it’s too late! ⏰
— IMPT.io (@IMPT_token) October 26, 2022
Based on the fundamentals, IMPT could see a significant price increase after listing on the exchange.
calvaria is a play-to-win game where players can earn and fight using NFT-based collectible cards. So far, 14.9 million RIA tokens have been sold in the presale, raising almost $149,000 USDT. The game is unique among blockchain-based games in that it can be played without owning cryptocurrencies.
The pre-sale has just started, so it’s a great opportunity for investors to step onto the ground floor of a promising new venture.
- Altcoin Crypto Price Trends Oct 25 – MATIC, NEO, USTC, D2T, RIA, ETH, KLAY, ENS, AAVE, IMPT
- Altcoins Season Soon As Bitcoin Dominance Declines
- Crypto Trading Platform Dash 2 Trade Raises $500,000 In 24 Hours – Where Can You Buy It
Dash 2 Trade – Next 100x Crypto
- Early Access Presale Live Now
- Strengthening the Crypto Analysis Ecosystem
- Solid Evidence Audited, CoinSniper KYC Verified
- 70,000+ member trading community