Finschia: FNSA tokens and governance will transition to Kaia after Kaia mainnet launch
On August 19th, Finschia announced that after the approval of the FGP-23 proposal, Finschia and Klaytn have decided to merge their mainnets. Through this integration, Finschia's token and governance will transition to Kaia mainnet after it launches. To ensure a seamless transition, FNSA's inflation will stop on August 26th, 2024. The conversion rate from FNSA to KAIA is approximately 148:1 (148.079656:1=KAIA:FNSA).
Previously, Finschia stated that with the establishment of the KaiaDLT Foundation in the Dubai International Financial Center and the Abu Dhabi Global Market (ADGM), most of the preparation work for the Kaia mainnet launch has been completed, and it will go live on August 29th, 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Scoop: Anti-crypto bias may have cost Democrats the election
A growing base of single-issue crypto voters have become frustrated by Democrats’ general opposition to the industry.This column is adapted from The Scoop newsletter.
Manhattan prosecutors plan to scale back crypto cases
USDC Treasury destroys 50 million USDC on the Ethereum chain
Trending news
MoreCrypto prices
More
