BlocksInform
The latest developer technology and roadmap released by developers klaytn earlier this week pointed out that the klaytn blockchain intends to increase the demand and value of klay chips.
Klaytn also recently adopted a governance proposal aimed at burning around 50% of Klay's procurement. The move aims at making KLAY more valuable going by the demand and supply principle.
?? Kgp-6 outcome of the vote: adopted??
26 parliamentarians out of 31 voted yes??
Upcoming initiatives to coincide with the Kore hardfork in early Q2:
1?? 5.281B $KLAY initial burn ??
2?? KGF & KIR to become ?? Community Fund (KCF) & Foundation Fund (KFF)
Read more: https://t.co/p6NZ3Atttl
— Klaytn (@klaytn_official) February 28, 2023
Route map Klaytn 2023.
Klaytn's recent roadmap indicates that Klaytn would find crypto infrastructure services, such as decentralized oracles, in which the KLAY token can be used, to augment the token's transactional utility. It would also lead to an increase of gas burns.
Klaytn also plans to start a pilot network without authorization on its main cypress network in the second half of 2023. The pilot network will test the entry and exit automation of validators or entities on any blockchain in charge of verifying transactions.
Blockchain also plans to launch a number of governance initiatives, including the establishment of processes for selecting and pillaging community governance boards. Klaytn intends to transfer his decision-making power to the community, which will give Klay's token holders a say in the composition of the governance board, It is a group of network members who oversee the governance of the klaytn network.
While the price of the KLAY token is currently in the red, Klaytn expects the value of the token to considerably rise once it starts implementing the milestones in the roadmap.
