🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
Kaia merges Klaytn and Finschia to create Asia's largest Web3 ecosystem.
Kaia: The largest Web3 network in Asia is about to take off
Kaia is a unified mainnet formed by the merger of Asia's two leading blockchain platforms, Klaytn and Finschia, officially launching on August 29, 2024. As a project that harnesses the power of two major social giants, Kakao and LINE, Kaia has a potential user base of over 250 million, which is expected to greatly enhance the adoption and acceptance of blockchain technology in the East Asian market.
Sam Seo, the chairman of the Kaia Foundation, holds a Ph.D. in high-performance computing and previously served as CKO at KrustUniverse, leading the development and operations of Klaytn. Other investors in Kaia include Hashed, IDG Capital, and others.
1. Background Overview of Kaia
1.1 Kakao and Klaytn
Kakao Talk is one of the most popular instant messaging applications in South Korea, with nearly 49 million monthly active users in Q3 2024, of which 90% are from South Korea. Klaytn is built for DApp developers and enterprises, with a cumulative transaction volume of $376 billion and over 29 million Web3 wallet users.
1.2 LINE and Finschia
LINE covers 70% of the Japanese population and also dominates markets such as Thailand and Taiwan. Since its launch in 2018, Finschia has gained over 5.6 million Web3 wallet users.
1.3 Token Economics
Kaia's native token KAIA is used to pay transaction fees, with an initial annual inflation rate of 5.2%. The block reward distribution is as follows:
1.4 Governance Committee
The Kaia Governance Committee consists of 31 trusted early members, including top institutions such as Kakao, Binance, and Google Cloud.
2. Kaia's Technical Architecture
Kaia is a highly optimized, BFT-based public blockchain with the following features:
Kaia's network structure is divided into three logical sub-networks: core unit network, endpoint node network, and service chain network.
3. Kaia's Ecosystem
3.1 DeFi track
3.2 Payment Track
3.3 AI track
3.4 Mini DApps on LINE
Kaia has announced the first batch of 20 Mini DApps that will be launched on LINE, covering various fields such as gaming, social, and prediction markets.
3.5 Other ecological activities
4. Highlights Summary
Kaia is demonstrating extraordinary capability in promoting the large-scale application of blockchain through its deep engagement in East Asia, integration of major resources, and bold globalization strategy. Its future development will become an important barometer for the blockchain industry.