Recently, Hashkey Global announced the listing of Kaia’s new blockchain token KLAY and launched a trading reward event with a total prize pool of 75,000 KLAY. During the event, users who register for a HashKey Global account, complete personal identity verification (KYC), and accumulate trades of KLAY equivalent to 100 USDT to complete their first spot trade, will be eligible for rewards. The first 750 users who complete all tasks will each receive 100 KLAY as a reward. The event operates on a first-come, first-served basis, and each user can only receive the trading reward once.

Deposits and withdrawals for KLAY can now be made through the Kaia mainnet. Details of the listing are as follows:

• Deposit and withdrawal opening time: August 29, 2024, at 02:00 (UTC)
• Spot trading: August 29, 2024, at 12:00 (UTC)
• Trading pair: KLAY/USDT

For most people, this name may be somewhat unfamiliar, but as a rising star in the wave of new blockchains, Kaia is worth paying attention to overall.

Introduction to Kaia and its Development History

• Project Name: Kaia
• Website: https://kaia.io/
• Blockchain Explorer: https://kaiascan.io/
• Whitepaper: https://docs.kaia.io/kaiatech/kaia-white-paper/
• Burn Address: 0x000000000000000000000000000000000000dead

Kaia Blockchain is an EVM-based Layer 1 blockchain that emphasizes scalability, convenience, and reliability. Kaia Blockchain was created through the merger of the Finschia blockchain, developed by global messaging company LINE, and the Klaytn blockchain, built by South Korea’s leading software company Kakao. The goal is to drive the mass adoption of blockchain technology, achieving the shared vision of establishing the Kaia Blockchain.

Kaia Blockchain is committed to transformative innovation, empowering not only technology and business but also placing individuals at the center of the Web 3.0 era. Its vision is to help builders quickly implement and scale their ideas by integrating a broad user base, substantial on-chain assets, and leading technology, enabling them to succeed. The Kaia Foundation and ecosystem participants aim to make blockchain technology more accessible and attract more people to join the Web 3.0 revolution, thereby building a fairer and more open future.

Kaia Blockchain will serve as a trusted layer, connecting people from diverse backgrounds worldwide. To achieve this, it will combine strong community and infrastructure technologies to build a collaborative playground for Web 3.0, discover new opportunities, and accelerate innovation. Through these efforts, Kaia Blockchain hopes to provide more economic opportunities and participation rights for people.

As a platform, Kaia Blockchain provides builders with the necessary tools and environment, supporting their development process from conception to implementation, market entry, and growth. One of its core goals is to support the continued development and success of the builder community. By integrating two mainnets, Kaia Blockchain aims to create Asia’s leading blockchain platform and lead the large-scale adoption of Web 3.0.

Kaia is the result of the merger of two Layer 1 blockchains, Klaytn and Finschia. Klaytn is an EVM-based Layer 1 blockchain developed by Kakao, which operates KakaoTalk, a super app used by over 96% of South Korea’s population. Klip is Klaytn’s wallet, integrated into KakaoTalk, which is used by Korean users for various everyday activities, such as loyalty programs and proof of medical implants.

Finschia is a Layer 1 blockchain developed by LINE NEXT, the Web3 subsidiary of Line Corp, which operates the LINE Messenger that dominates the markets in Japan, Taiwan, Thailand, and Indonesia. LINE NEXT also runs the popular DOSI Web3 digital commerce platform, where users can purchase concert tickets, passes, game items, digital collectibles, and more in the form of NFTs using either cryptocurrency or fiat currency.

Through the blockchain merger, Kaia inherits the integration with KakaoTalk and LINE Messenger, combining the DApp ecosystems of Klaytn and Finschia.

Key Features of the Kaia Blockchain Project

Kaia Blockchain offers comprehensive advantages in user accessibility, liquidity support, and technology. Specific highlights include:

Broad User Base

1. Web2 User Accessibility:Kaia Blockchain, through partnerships with Kakao and LINE, offers convenient messenger-integrated wallets, covering a broad Web2 user base. Kakao has 50 million users in South Korea, while LINE has 200 million users across Japan, Taiwan, Indonesia, and Thailand. This integration enables Web2 users to easily transition into the Web3 world.
2. Web3 User Accessibility:Kaia Blockchain also provides convenience for Web3 users, supporting over 1.2 million active wallet addresses and quickly and easily attracting Web3 users to various projects through its interface.
3. Community Building Support:Kaia Blockchain, through joint marketing efforts with the Kaia Foundation, helps users gather and build projects, providing an environment that is easily accessible and usable for users across different blockchains.

Ample Liquidity Support

1. Real-World Asset (RWA) Linkage:Kaia Blockchain already supports projects linked to real-world assets such as gold, ships, and real estate. Additionally, it will continue to drive the on-chain integration of more real-world assets, such as various fiat-backed stablecoins and bonds, offering developers a broader range of asset choices.
2. Large Ecosystem Fund (Kaia Ecosystem Fund):The creation of a large ecosystem fund based on the KAIA token will support industries requiring liquidity, such as DeFi and GameFi, providing abundant financial backing for the ecosystem.
3. Native Chain Yield:Kaia Blockchain features an embedded MEV (Maximum Extractable Value) extraction mechanism, allowing KAIA stakers to automatically earn MEV profits on-chain, thereby increasing liquidity while also providing a mechanism to burn tokens and optimize the economic model.

Top-Level Core Technology and Development Convenience

1. Top-Level Transaction Finality:Kaia Blockchain offers 1-second transaction finality while ensuring higher TPS (transactions per second) and decentralization.
2. Ethereum Compatibility:Kaia Blockchain is fully compatible with Ethereum, allowing EVM-based dApps to go live without any modifications, ensuring ease of development for developers.
3. Convenient Account Model:Kaia Blockchain’s account model supports the assignment of multiple keys to accounts, enhancing account security and improving user experience.
4. Permissionless and Decentralized Structure:Kaia Blockchain is transitioning to a permissionless validator structure while increasing network decentralization, further enhancing the security and reliability of the blockchain.

Kaia’s Future Plans

With the launch of the Kaia mainnet and the Kaia Wave program, Kaia Blockchain is expected to see new consumer-facing Mini DApps built and launched using the NEXT WEB SDK. Continuous technological support will drive the expansion of Web3 applications in the following areas:

1. Promoting Web3 Adoption:Kaia Blockchain’s core goal is to provide infrastructure support for the large-scale adoption of Web3. By integrating the mainnet and implementing builder-centric support strategies, Kaia Blockchain will drive the development of blockchain-based projects and explore new potentials of Web3 technology.
2. Developer Support:Kaia Blockchain will provide developers with essential toolkits, SDKs, and IDEs, helping them achieve innovation and roll out competitive solutions across all stages of project development. These tools will significantly lower development barriers, facilitating the smooth implementation and success of more projects.
3. Transitioning Web2 Users to Web3:Kaia Blockchain, through partnerships with Kakao and LINE, uses a messenger integration strategy to help Web2 users easily transition to the Web3 world. This seamless transition will accelerate the adoption of Web3 technology and allow more users to experience the benefits of blockchain technology.
4. Developer Community and Infrastructure Support:Kaia Blockchain will foster the growth of the developer community by providing access to various infrastructure assets and the KAIA fund. These measures will offer developers the necessary resources to innovate in the blockchain field.
5. Decentralized Governance and Permissionless Participation:Kaia Blockchain will continue to support decentralized governance and permissionless participation structures, promoting diversity and openness in the blockchain ecosystem. Through these measures, Kaia Blockchain aims to create a more decentralized, flexible, and secure blockchain platform.
6. Roadmap for Mainnet Integration:Kaia Blockchain’s roadmap will focus on building the integrated mainnet, supporting developers while driving the large-scale adoption of Web3. Through this strategy, Kaia Blockchain will help both developers and regular users build successful projects, pave the way for broader adoption of blockchain technology, and lay a solid foundation for exploring new possibilities in the Web3 world.