TechFlow reports that Klaytn has published an addendum on X regarding the merger proposal with Finschia. The newly established foundation will carry out the merger in phases. The first phase—token generation and governance—will take place on the EVM core stack, while both existing chains will continue to be maintained. Active feedback will be sought from governance members, partners, builders, and communities of both Klaytn and Finschia.
The governance voting period starts on January 26 at 13:00 Beijing time and ends on February 2 at 13:00 Beijing time.
The new merged ecosystem and chain will drive synergies and competitiveness across four key areas:
1) Ecosystem: Inherit LINE and Kakao’s messaging-based Web3 assets, creating a potential user base of over 250 million Web3 users across Asia, with 420+ DApps, 45+ governance partners, and more than 450 Web3 resources.
2) Tokenomics: Leverage the strengths of each blockchain to introduce a sustainable, value-creating primary tokenomic model featuring an innovative three-tier burn mechanism and optimized inflation.
3) Core Network: Combine Ethereum (EVM) and Cosmos (CosmWasm) technology stacks to build a new network protocol focused on maximum interoperability and scalability.
4) Governance: Establish one of the largest Web3 governance frameworks, involving over 45 global entities, emphasizing stable and decentralized governance, while expanding partnerships and strengthening community engagement through enhanced delegation capabilities.
Previous report: Messaging app LINE's blockchain project Finschia and South Korea-based public chain Klaytn jointly proposed a mainnet merger, which will issue a new unified token (PDT). Holders of FNSA and KLAY will be eligible to claim the new tokens.
