Klaytn is a public blockchain platform that offers flexibility on its blockchain network. It was launched in June 2019 by South Korean internet provider Kakao Corp and has since obtained massive adoption by multiple international service partners covering industries such as finance, entertainment, e-commerce, and healthcare.
The Klaytn blockchain network runs on autonomous networks called Service Chains, which allow enterprise players to run their business services on the network, independently and quickly. Klaytn is integrated into an ecosystem of blockchain applications, known as BApps. These BApps are hosted on their owners’ Service Chains, allowing them to run without any limitations faced by the more conventionally distributed apps (dApps).
At present, there are dozens of BApps hosted on Klaytn, most of which are focused on media and entertainment offerings. These BApps also offer NFTs.
This year, Klaytn is ramping up its offerings to cater to the creator economy and become the blockchain of choice for the gaming industry and, of course, the metaverse. Apps on Klaytn will support NFTs, play-to-earn games, and other experiences that the metaverse developers are building. Klaytn is coming up with offerings like game developer SDKs, smart contract libraries, and improvements to its L2 service chains, all of which point towards its mission of becoming the go-to blockchain for game developers and creators.
Backed by a strong network of members in social networks, gaming, and entertainment, Klaytn is poised to support the rapidly increasing scope of digital assets and experiences.
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The KLAY coin
KLAY is the native token of the Klaytn network and is the primary currency used for transactions on the Klaytn blockchain. The Klaytn platform BApps uses KLAY coins to charge its users and make payment transactions for its services. This makes KLAY useful and desirable as more and more service partners come on board and use the Klaytn blockchain platform.
Klaytn is EVM-compatible, which means it supports interoperability with the Ethereum blockchain without limiting itself to decentralisation. Thus, it ultimately makes the platform extremely scalable and easy to build on for more service partners. In 2022, it aims to improve this compatibility with EVM so that Ethereum-based dApps can get on boarded to Klaytn without any modification.
Steps to buy KLAY on Zebpay
KLAY crypto coin is now listed on the Zebpay Crypto Exchange. As of April 13, KLAY coin price is USD 0.9959.
If you are a new user, you can easily sign up on Zebpay by downloading the Zebpay app on the play store/app store and post following a quick KYC process to start trading on Zebpay. Once you install Zebpay, you can see all the coins that are listed on the Zebpay Crypto Exchange on the homepage of the app. You can sign up or sign in by clicking the ‘Let’s go’ button.
On the next screen, you can click on ‘Create one here,’ which will take you to a user registration form. You can add your details, including your contact details, and proceed with verification steps, post-which you will be done with the account setup.
Once you create your account, you can easily verify your identity by updating your KYC documents. Go to My Account, and click to upload your documents. You will need to upload an identity proof and an address proof. Once done, you will be asked to add your bank account details which you will require to deposit to and withdraw funds from Zebpay. Lastly, you will need to declare your income status.
Once your KYC is verified, you can easily buy KLAY on Zebpay. Just deposit money to your Zebpay wallet using your bank account or a different payment method such as UPI.
After that, browse the home page to find KLAY, select the number of coins you want to buy, and place an order to buy KLAY coins immediately. You can also exchange your other coins on Zebpay to buy KLAY. You can request a trading statement and get it sent over to your mail to view your transactions’ history.
Klaytn’s blockchain platform is promising if you are buying KLAY coins to grow your wealth and also contribute to the sustainable growth of amazing features of gaming, NFTs, and the metaverse.