Finschia: FNSA tokens and governance will transition to Kaia after Kaia mainnet launch

08/19 05:52

Wechat scan to share

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.

Comments

All Comments

Recommended for you

bitcoin.com · 04/02 07:11

Trump Sons Launch “American Bitcoin” In Partnership with Hut 8

Hut 8 will hold an 80% stake in American Bitcoin, while American Data Centers, Backed by Trump sons, will take the remaining 20%.
Cryptonews24.xyz · 04/02 07:06

Stablecoin Issuer Circle Files for IPO on NYSE

Circle files for a traditional IPO, signaling its effort to blend digital currency with time-tested market standards and regulated financial practices.
bitcoin.com · 04/02 03:47

UK trade bodies ask government to make crypto a ‘strategic priority’

Several British trade associations have asked Prime Minister Keir Starmer’s office to appoint a special envoy dedicated to crypto and for a dedicated action plan for digital assets and blockchain technology.
Stephen Moore · 04/02 02:46

North Korea tech workers found among staff at UK blockchain projects

Google threat intelligence says North Korea’s fake workers have also increased extortion attempts as they’re under pressure to maintain money streams amid a US crackdown.
cointelegraph · 04/01 09:36

Bitcoin price gearing up for next leg of ‘acceleration phase’ — Fidelity research

A recent Fidelity Digital Assets report questioned whether Bitcoin’s price had already seen its cyclical “blow off top” or if BTC is on the cusp of another “acceleration phase.”
Cryptonews24.xyz · 04/01 06:38

Russia’s Irkutsk ‘Could Impose Year-round Crypto Mining Ban from April 1’

Putin reportedly agrees with Irkutsk Governor’s call for further action following wintertime ban.
CointimeSG · 04/01 06:04

Stablecoin rules needed in US before crypto tax reform, experts say

Crypto industry professionals say US regulation must clarify banking and stablecoins before focusing on taxes, as Trump-backed reforms push crypto into the spotlight.
Jesse Coghlan · 04/01 05:59

Vanuatu passes long-awaited crypto laws that won’t be ‘light touch’

Vanuatu has passed crypto regulation and licensing legislation that a government adviser says is strict to dissuade bad actors that may seek to take advantage of small island nations.
BRAYDEN LINDREA · 04/01 04:07

SIR.trading begs hacker to return $255K or ‘no chance for us to survive’

A day after SIR.trading was hacked for $355,000, the protocol’s founder pleaded for the hacker to return a portion of the stolen funds.
Stephen Moore · 03/31 10:19

Android malware ‘Crocodilus’ can take over phones to steal crypto

Once a targeted banking or cryptocurrency app is opened, a fake overlay launches over the top and mutes the sound while the hackers take control of the device.