The Klayton Foundation will announce the new proposal of KLAY token economic model and governance system on February 28

It is reported that the Klayth Foundation, one of the main developers and code maintainers of the Korean blockchain platform Klaytn, is changing the economic model of the Klaytn network governance system and the native KLAY token. The Klayton Foundation will work with the Klayton Governance Committee to help the Klayton blockchain transition to a completely unlicensed verifier structure, provide the public with the opportunity to participate as a block verifier, and introduce a communication channel for Klayton community members to participate in the decision-making process.

Interpretation of this information:

The Klayth Foundation, a major developer and code maintainer for Klaytn, a Korean blockchain platform, has announced that it will change the economic model of the Klaytn network governance system and its native token, KLAY. This announcement comes as the foundation seeks to help the Klaytn blockchain transition to an unlicensed verifier structure, which will increase public participation and introduce a communication channel for the Klaytn community.

The Klayth Foundation is working with the Klaytn Governance Committee to implement this change, which will enable the public to participate in the block verifier process and decision-making process. The Klaytn Governance Committee will oversee the transition process, which is expected to take place over a period of several months.

The unlicensed verifier structure will enable anyone to participate in the Klaytn network as a block verifier, providing a more inclusive and decentralized network. This structure will replace the current licensed verifier system, which requires participants to meet certain qualifications and standards to participate in the network.

The KLAY token, which is used as a utility token on the Klaytn network, will also undergo changes. The Klayth Foundation plans to introduce a new token model that will provide more incentives for network participation and enable users to have a greater say in network governance. The foundation hopes that this new model will encourage users to participate in network activities and contribute to its growth and development.

In summary, the Klayth Foundation is changing the economic model of the Klaytn network governance system and the native KLAY token to enable a transition to a completely unlicensed verifier structure. This change will provide the public with the opportunity to participate as a block verifier and introduce a communication channel for the Klaytn community members to participate in the decision-making process. The three keywords for this announcement are Klayth Foundation, unlicensed verifier structure, and KLAY token.