Klaytn (KLAY) Market Cap Reaches $573.77 Million

Klaytn (KLAY) traded up 1% against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on May 26th. Klaytn has a market capitalization of $573.77 million and approximately $15.73 million worth of Klaytn was traded on exchanges in the last 24 hours. One Klaytn coin can now be purchased for $0.19 or 0.00000701 BTC on major exchanges. In the last seven days, Klaytn has traded up 4.1% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • KILT Protocol (KILT) traded up 0.3% against the dollar and now trades at $0.33 or 0.00001263 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • OmniaVerse (OMNIA) traded up 4.8% against the dollar and now trades at $0.0017 or 0.00000007 BTC.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 0.6% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • Lego Coin (LEGO) traded 0.1% higher against the dollar and now trades at $0.0198 or 0.00000075 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded 3% lower against the dollar and now trades at $0.0089 or 0.00000034 BTC.

About Klaytn

Klaytn’s genesis date was June 24th, 2019. Klaytn’s total supply is 5,754,151,659 coins and its circulating supply is 3,096,131,671 coins. The Reddit community for Klaytn is https://reddit.com/r/klaytn and the currency’s Github account can be viewed here. Klaytn’s official Twitter account is @klaytn_official and its Facebook page is accessible here. Klaytn’s official message board is medium.com/klaytn. Klaytn’s official website is www.klaytn.foundation.

According to CryptoCompare, “## What is Klaytn?

Klaytn is an enterprise-grade, service-centric blockchain platform designed to bring user-friendly blockchain experience to millions. It combines the features of both public and private blockchains through an efficient hybrid design, providing decentralized data and control, distributed governance, low latency, and high scalability.

Klaytn is a blockchain platform designed for businesses and entrepreneurs to capture value using blockchain technology. It offers an end-to-end metaverse package that includes customized L2 solutions, SDKs and smart contract libraries, IPFS solutions, wallets, chain explorers, oracles and bridges, and an ecosystem of supporting services such as stablecoin integration, NFT marketplaces, and tradfi interfaces, among others.

## Who created Klaytn?

Klaytn was created by GroundX, a subsidiary of the leading South Korean internet company, Kakao. Jaesun Han is the Founder and CEO at Klaytn. The mainnet was launched on June 27, 2019.

## How Do You Use Klaytn?

To use Klaytn, you need to connect to the platform via an Ethereum-compatible wallet, such as MetaMask. Klaytn utilizes an optimized version of Istanbul BFT, which guarantees that data recorded on the blockchain is correct and will never be reversed, delivering the reliability and data consistency needed for large-scale applications. Klaytn supports EVM as one of the emerging standards for the metaverse and Web3, enabling Ethereum Improvement Proposals (EIPs) and Klaytn Improvement Proposals (KIPs) to contribute to both ecosystems.

Klaytn’s unique approach to decentralization involves its Governance Council (GC), comprising leading global enterprises and DAOs across geographies and industries. These GC members form a compact validator network that delivers the benefits of a decentralized public blockchain while maintaining the performance of a permissioned blockchain. The hub-and-spoke model is used to provide scalability solutions, and Klaytn’s spokes or service chains can be customized for specific DApp requirements, providing the exponential scalability needed for metaverse-scale adoption.”

Buying and Selling Klaytn

It is usually not currently possible to purchase alternative cryptocurrencies such as Klaytn directly using U.S. dollars. Investors seeking to acquire Klaytn should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Klaytn using one of the exchanges listed above.

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