Kaia DLT Foundation is now licensed in ADGM and their mainnet will be launched on August 29th 2024.
Kaia was formed through the merger of the Klaytn and Finschia blockchains initially developed by Kakao and LINE respectively. It aims to bring Web3 to the fingertips of hundreds of millions across Asia.
As per Kaia blog, “With the incorporation of Kaia DLT Foundation in ADGM, the final key dependency is now complete and we are excited to announce that the Kaia mainnet will be launching on 29 August 2024.”
Prior to the launch staking will be disabled on Finschia. It will then be followed by on-chain parameter changes for Klaytn and Finschia.
On 27 August, the Finschia Governance Members will offboard, deactivating their Finschia validator nodes to join the Kaia Governance Council. In their place, foundation-directed nodes will be activated.
Then, in preparation for the launch of the Kaia mainnet, the Finschia mainnet will undergo a final round of update. In the meantime, exchanges may suspend deposits and withdrawals for FNSA exchanges in preparation for the Kaia Mainnet launch. The timing of this suspension may vary by exchange, so please refer to each exchange’s policies.
Finally on August 29th the Kaia Portal will go live together with the launch of the Kaia mainnet. Kaia Portal is an official web service provided by the Kaia DLT Foundation and will serve as the gateway to the Kaia DeFi ecosystem.
