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How & Where to Buy Klaytn A Step-by-Step Guide to Buying KLAY

Klaytn Research Center

Klaytn Technical Details & Statistics

Tokenomics
  • Market Rank62
  • Market Cap680,937,282
  • Circulating Supply2,914,602,481
  • Total Supply10,782,297,981 KLAY
Yesterday's Trading
  • 24 HR Volume52,718,968 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

How and Where to Buy Klaytn (KLAY)

GroundX, a subsidiary of Kakao (Korea’s largest mobile platform), developed Klaytn and launched it in 2019. It was hugely successful in Korea, and as a result, the non-profit organization, the Klaytn Foundation, was established purely to develop the Klaytn ecosystem and expand its global outreach.

“Klaytn is an open-source blockchain that combines the best features of public and private blockchains to deliver scale and speed for all who wish to build, work, or play in the metaverse” – Klaytn website.

What is Klaytn (KLAY)?

Klaytn (KLAY) is a public blockchain and an interconnected end-to-end “metaverse-ready ecosystem” that focuses on the gaming economy. It describes itself as providing AAA-quality games and DApps suitable for studios, artists or enterprises.

$KLAY is Klaytn’s native token that helps to secure and power the Klaytn protocol.

Klaytn provides a complete functional system for metaverse developers: –

  • Customized L2 solutions
  • IPFS (InterPlanetary File System for storing and sharing data) solutions
  • Wallets
  • SDKs and smart contract libraries
  • NFT marketplaces
  • Chain explorers
  • Oracles and bridges
  • Stablecoin integration
  • TradFi (traditional finance) interfaces

 What makes Klaytn (KLAY) unique?

  1. 1-second deterministic finality – Absolute and irreversible finality achieved in less than a second. This benefits real-time actions for users like minting
  2. IBFT consensus algorithm – Klaytn’s data guarantee states that recorded data on the blockchain is 100% correct and cannot ever be reversed, which makes it ideal for large scale applications requiring reliability and consistency
  3. Support for Ethereum standards – Klaytn supports EVM (Ethereum Virtual Machine) as an emerging standard for Web3 and the metaverse
  4. A unique governance structure – Klaytn’s governance council is comprised of leading DAOs and enterprises across the globe, of which the members form a validator network that helps deliver the multiple advantages of a decentralized public blockchain like Klaytn and maintain a high standard for a sustainable permissioned blockchain
  5. Built-in scalability through service chains – customizable according to DApp requirements and providing infinite scalability necessary to create widespread adoption of the metaverse
  6. $1 billion ecosystem fund – Klaytn reinvests 66% of minted $KLAY tokens and has $1 billion set aside for the development of the ecosystem. Klaytn has several tools and infrastructures, including KGF (Klaytn Growth Fund) and PoC (proof of contribution), a program that rewards smart contract creators who help the ecosystem to grow

Klaytn has several high-level partners, including mobile gaming giants Netmarble and WeMade, as well as Binance, the world’s largest cryptocurrency exchange. In addition, the global payment system provider Worldpay and many more prominent organizations have committed to the blockchain solutions being developed by Klaytn.

How and Where to Buy Klaytn (KLAY)?

When you are ready to buy Klaytn (KLAY) tokens, choosing a cryptocurrency exchange that suits your crypto investing or trading needs is essential. One of the leading global exchanges in the crypto space is Binance, a trustworthy platform for all crypto investors.

  1. Open an account with Binance – you’ll need to provide identification documents for KYC purposes
  2. Deposit funds to your account – use your Visa or Mastercard, or, if you prefer, you can deposit by wire transfer or cryptocurrency
  3. Find a $KLAY pair on the exchange – there are several pairs available: KLAY/USDT, KLAY/BUSD, KLAY/BTC & KLAY/BNB
  4. Store your Klaytn (KLAY) tokens – use the Binance Trust wallet, which you can download to your mobile. If you prefer, Binance has a web-based wallet, or you can send to an existing wallet that supports $KLAY tokens

 

How do I Sell Klaytn (KLAY)?

Selling your Klaytn (KLAY) tokens on Binance is easy, even for a beginner:

  1. Locate the “trade” tab on the website or the Trust Wallet app
  2. Convert to $USDT, the most popular stablecoin
  3. Send the $USDT to an off-ramp platform (Coinbase or Gemini both have a range of fiat currencies and withdrawal methods)
  4. Convert the $USDT tokens to fiat currency and request a withdrawal to your bank account

Should I Buy Klaytn (KLAY)?

It’s a good idea to do your own research before investing in any financial instrument, as we aren’t permitted to advise on crypto investing. Remember, there are no guarantees of success for any financial investment. Still, if you are ready to invest in Klaytn (KLAY), it’s best to open an account with a trusted cryptocurrency exchange like Binance, KuCoin, or Gate.io. That way, you know you can get customer support and access to a full range of services, including a secure crypto wallet option.

How do I invest in Klaytn (KLAY)? Safely?

There are at least 20,000 cryptocurrencies floating around the internet, so how do you know if Klaytn (KLAY) is a good investment? The Klaytn blockchain has several defining features and is expanding as a business. This article has provided some details on the Klaytn project, but it’s advisable to dive deeper into Klaytn (KLAY) before investing.

There are numerous scam crypto sites online that you are best to avoid if you wish to protect your Klaytn (KLAY) investment. So, when you are confident about investing in Klaytn (KLAY), register with an established cryptocurrency exchange like Binance, KuCoin, or Gate.io.

Klaytn (KLAY) token pairs listed on KuCoin and Gate.io