Klaytn (KLAY) Changes Tokenomics and Governance Models

As part of long-term vision for ecosystem sustainability, Klaytn Foundation will pass proposals to change its governance and tokenomics models.

A guy working on a laptop with a logo of Klaytn
  • The Klaytn Foundation is making changes to the governance and tokenomics model of the KLAY network.
  • According to the Klaytn Foundation, the changes will increase the sustainability and decentralization of the blockchain.
  • KLAY is now one of the biggest crypto gainers, rising by 49.3% last week.

The Klaytn Foundation, a major developer and code maintainer of the Klaytn blockchain, has announced that it is changing the governance system and tokenomics model of the native KLAY tokens.

Klaytn Foundation Makes Changes to KLAY Tokenomics

The foundation behind South Korea’s leading Layer-1 blockchain, Klaytn, has announced a new governance system and made changes to the tokenomics of the native token to increase community involvement in the network. 

The changes are part of the Decentralization Phase of the Governance Roadmap. The proposal drawn in collaboration with the Klaytn Governance Council (GC) will also hold the detailed changes to be made to the token model of native KLAY tokens. 


The proposal will also address how uncirculated (reserve) KLAY tokens are handled and will be presented in a revamped tokenomics proposal for GC voting from February 22nd through February 28th.

More Community Involvement Coming to the Klaytn Network

Other changes will see the Klaytn network take on a fully permissionless validator structure and allow the general public in open block validation. 

To increase community participation in the Klaytn Network, the Foundation will also introduce a communication channel for community members to engage in decision-making processes.


The foundation hopes that becoming a more open and inclusive ecosystem will make the Klaytn network a more “reliable and sustainable blockchain mainnet for developers and the wider community alike.”

KLAY Outperforms the Crypto Market

The buildup of excitement around the Klaytn community has seen its native token, KLAY, outperform the broader crypto market. In the last week, the price of KLAY has jumped by 49.3%, making it one of the top performers in the crypto market.

The seven-day price chart for Klaytn (KLAY)

The seven-day price chart for Klaytn (KLAY). Source: CoinMarketCap

Today, KLAY trades as high as $0.3024 for the first time since October 2022. KLAY now exchanges hands at $0.2901 and is ranked the 59th largest crypto, with a market cap of $884.5 million.

On the Flipside

  • On February 27th, the foundation will release Klaytn’s roadmap for 2023 and beyond, outlining key governance, ecosystem, and tech initiatives.

Why You Should Care

The changes being made by the Klaytn Foundation aim at transitioning the blockchain into a wholly permissionless validator structure and increasing community participation.

Read more about Klaytn below:

Klaytn Protocol KLAP to Launch KLAP Token to Power DeFi Lending

Klaytn Foundation Awards Over US$1 Million in Prizes and Grant Opportunities to Inaugural Winners of Flagship Web3 Hackathon

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia