What is the idea behind Klaytn (KLAY)?

Kakao’s Ground X built a public Layer-1 blockchain for businesses and consumers to use for their dApps.

For what purposes is KLAY created?

KLAY was created to serve many purposes such as - easy transactions, decisions on the network, holding your crypto and taking part in DeFi and NFT platforms.

What platforms do I use to purchase KLAY?

You can access Sapient on Binance, KuCoin and OKX as well as on ClaimSwap DEX.

Are Klaytn and Ethereum compatible since both use the EVM, like Ethereum Classic?

Yes, they’re EVM-compatible, so smart contracts can run on both. Full interoperability requires third-party bridges.

Why is Klaytn different from others?

Because It uses an approach that starts with enterprises, with both a public and private blockchain and final validation in seconds.

Do I have the ability to stake KLAY?

Staking is possible in both the Kaikas wallet and in DeFi platforms.

How secure is Klaytn, and what basic precautions should users follow?

Klaytn is a secure, EVM-compatible blockchain backed by enterprise-grade infrastructure. However, users should still use hardware wallets and avoid interacting with unknown or unverified smart contracts to stay safe.

Which blockchains are Klaytn’s competitors?

The main competition for Ethereum comes from Polygon, Avalanche and BNB Chain.

What is KLAY’s total supply?

The total supply of KLAY is 10.7 billion KLAY.

What could go wrong when I invest in KLAY?

Although market challenges are now being tended to by crypto industry leaders, changes in regulations and low liquidity outside Asia remain concerns.

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