The merger proposal between LINE's public chain Finschia and Klaytn was approved! New currency PDT will be issued

This site (120btC.coM): The merger proposal of Finschia and Klaytn, the two major Web2 public chains, was officially approved at 14:00 on February 15th, Korean time. The proposal was approved with 100% The vote passed with a high turnout and 95% support rate.

The merged public chain will be compatible with Ethereum and Cosmos. Finschia emphasized that the newly issued native token "PDT" will have a sustainable token economy.

Fincia and Klaytnwill issue new currency PDT

Previously reported that the two will jointly issue a new currency (tentatively named PDT), and FNSA and KLAY holders will be able to receive the new currency Token.

There are a few things that are different about the token economy. After the new currency replacement is completed, approximately 24% of the unissued and existing circulating PDT tokens will be destroyed. This will reduce the inflation rate to 5.2% and introduce a new three-level burning mechanism.

The exchange rate for KLAY holders will be 1:1, while the exchange rate for FNSA holders will be approximately 1:148.

Previously, the encryption community expressed doubts about the sudden merger proposal, believing that there was a lack of information on the final positions of the participating companies, and pointed out that the announcement time of the merger was relatively different from the voting time. Large, there are limitations in licensing options.

Afterwards, Fincia and Klaytn suspended voting on this opinion and reopened it on February 8, but it was still passed with a high vote.

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