Klaytn Foundation proposes burning 5.28 billion KLAY tokens, cutting token supply by nearly 50%

Klaytn Foundation, one of the key developer and code maintainers of the Klaytn blockchain, has submitted a tokenomics optimization proposal to its Governance Council (GC) to help Klaytn develop into a sustainable decentralized network.

The proposal includes short-term tokenomics improvements: from the initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY (approximately 48% of the current total KLAY supply), to enhancing transparency in information disclosures and modifying the management structure of ecosystem resources.