Klaytn

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[PRESS RELEASE – Singapore, Singapore, 21st November 2022
Klaytn Foundation, the non-profit overseeing growth of the Klaytn ecosystem, has announced the inaugural winners of Klaymakers22, the blockchain’s flagship web3 hackathon. 19 teams walked away with over US$1 million worth in prizes, sponsor bounty challenges, and grant and incubation opportunities.
The inaugural Klaymakers22 hackathon was conceived as a means of celebrating the web3 innovations being fostered on the EVM-equivalent network. In addition to engaging existing web3 developers, the hackathon served to onboard web2 developers to build use cases on Klaytn.
Going beyond the traditional confines of a hackathon, which gathers developers for a few days, Klaymakers22 also provided free business and technical workshops with a total attendance count of 22,948, access to Klaytn’s developer community via Discord, as well as 6 additional bounty challenges sponsored by Klaymakers22 hackathon partners.
Between August 29 and October 14, 174 submissions were made by teams building on Klaytn. At a virtual ceremony on November 18, 12 winners were announced, with use cases ranging from decentralised art generation to DAO creation and management without the need for prerequisite coding knowledge. 3 of the hackathon winners, alongside an additional 7 teams, received special mention for winning the bounty challenges.
Dr Sangmin Seo, Representative Director of Klaytn Foundation, said: “Our vision for Klaymakers22 has always been to grow the vibrancy of Klaytn’s developer community, convening bright minds worldwide to solve real-world problems. Through Klaymakers22, we’re pleased to incubate new ideas and provide a safe, helpful environment to turn such ideas into reality. We look forward to seeing how our winning projects will scale, contributing to the ease of building on Klaytn.”
Klaymakers22 was organized in partnership with Dorahacks, a global leading hackathon company connecting hackers to enterprise challenges and entrepreneurial ideas.
Steve Ngok, Partner, DoraHacks, said: “We are glad to join forces with Klaytn Foundation to support innovation, fund exciting ideas, and help global developers build their startups in Web3. We hope the teams graduating from Klaymakers22 will play essential roles in the Klaytn ecosystem. We look forward to extending our collaboration and introducing the powerful features of the Klaytn network and the strong support from the Klaytn ecosystem to more brilliant teams in the near future.”
The first round of judging was conducted by senior representatives from Klaytn and its hackathon partners. This resulted in 20 finalists being selected and tasked with pitching their builds via live demo sessions to the judging committee before the 12 winners were determined. Submissions were judged on criteria including originality, execution, and usefulness.
About Klaytn:
Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore, led by the Klaytn Foundation.
Since unveiling its metaverse roadmap in early 2022, the Ethereum-equivalent L1 chain has seen many well-known companies come onboard its metaverse—including game developer and publishing powerhouses: Netmarble and Neowiz. It recently ramped up efforts to lay the foundation for the metaverse and to expand use cases.
Learn more: https://klaytn.foundation/
Interested in participating in future Klaytn hackathons? Register your interest here.
About DoraHacks:
DoraHacks is the global hacker movement and one of the most active Web3 developer incentive platforms. DoraHacks is most famous for curating many of the world’s brightest Web3 startups via hackathons and grant programs. Over 3000 startups and developer teams have raised $30 million worth of grants from the DoraHacks platform. 40+ Web3 ecosystems partner with DoraHacks in hackathons and community grant programs to engage with the global developer community.
The post Klaytn Foundation Awards $1M in Prizes and Grant Opportunities to Web3 Hackathon Winners appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Singapore, Singapore, 21st November 2022 Klaytn Foundation, the non-profit overseeing growth of the Klaytn ecosystem, has announced the inaugural winners of Klaymakers22, the blockchain’s flagship web3 hackathon. 19 teams walked away with over US$1 million worth in prizes, ...

cryptopotato.com

Klaytn Foundation Awards $1M in Prizes and Grant Opportunities to Web3 Hackathon Winners

Klaytn, the open-source metaverse-focused crypto, has boasted impressive gains in the last week. Just seven days back, the crypto was trading at $0.21. It also stumbled quite a bit during the week before picking momentum on Wednesday. Since then, the token has only fluctuated upward, recording an impressive gain of 30.80%.
Klaytn recent pump has several catalysts, with the recent overall crypto market uptick being a major factor. The Klaytn team also made several bullish moves during the week, like its block reward cut proposal and token buybacks.

However, the token’s price doesn’t look pretty in its 24-hour charts. Nevertheless, a 30% gain in the week is still substantial growth.
Klaytn Suffers On The Day with Over 5% Loss
Klaytn joined the rest of the market in a bullish run this week, keeping over 30%. However, it hasn’t faired well today as it suffers a 5.13% loss. The token is well below its 24-hour all-time high of $0.281, trading at $0.262 at press time. Klaytn’s 24-hour trading volume has also reduced drastically. Only about $125,517,796 worth of KLAY has changed hands in the last day, representing a 31.91% decline.
While KLAY still enjoys an impressive weekly gain, it’s most likely that the token has entered an overbought zone. What this simply means is that the price will continue to rise but may not be able to sustain its current level. Therefore, today’s drop could be a sign of a bearish reversal.
Klaytn is currently ranked the 58th largest cryptocurrency by market cap. Its circulating supply is 3.09 billion tokens. The token’s market cap is $810,351,883, a 5.7% drop from its value yesterday. Nevertheless, the token is ending the month of October with decent gains and might have some more upside left in it.
KLAY’s price is currently trading around $0.25. | KLAYUSD price chart from TradingView.com
Buyback And Block Reward Cut Causes KLAY To Surge
The Klaytn price surge began six days back when the project passed a proposal to cut its block rewards by 1/3rd. The proposed change will reduce block rewards from 9.6 KLAY to 6.4 KLAY. Additionally, newly generated tokens would be allocated in a new arrangement. 50% of it goes to the GC, 40% to the Klaytn Growth Fund, and 10% to the Klaytn Improvement Reserve.
Developers at Klaytn stated that the proposal’s goal was to “address the volatility currently experienced in the macro markets.” According to the team:
“As a result of the negative situation in the global economy and the crypto market and the increased circulation of KLAY in the Klaytn ecosystem, KLAY price is experiencing a dramatic decrease. We need to respond to the situation by adjusting the amount of minted KLAY.”

The Klaytn Foundation’s token buyback also helped KLAY perform well. On Oct. 21, a blog post reported an abnormal fluctuation in the token’s on-chain liquidity, prompting a repurchase to stabilize the ecosystem. The team revealed that Klaytn’s foundation stablecoin reserves would cover the buyback. However, Klaytn Foundation didn’t disclose the number of tokens it will buy or its spending.
Featured image from Pixabay and chart from TradingView.com


Klaytn, the open-source metaverse-focused crypto, has boasted impressive gains in the last week. Just seven days back, the crypto was trading at $0.21. It also stumbled quite a bit during the week before picking momentum on Wednesday. Since then, the token has only fluctuated upward, recording an...

newsbtc.com

Klaytn (KLAY) Scores 30% Gains In The Last Week

The cross-chain coalition includes Bonfida, Tezos Domains, Polkadot Name System, Hedera, Syscoin, and klaytn.domains. 

cointelegraph.com

Unstoppable Domains launches Web3 alliance and seeks self-regulating boards

Klaytn (KLAY) price has increased by 110% since Oct. 21 and broke out from a descending resistance line in the process. It is currently trading between crucial horizontal support and resistance levels. The ensuing breakout/down from these levels will likely determine the direction of the future trend.
KLAY price decreased since reaching a high of $0.513 on May 23. The downward movement led to a minimum price of $0.120 on Oct. 21. The Klaytn price began an upward trend shortly afterward and broke out from the line two days later.
The breakout led to a high of $0.286 the same day and a slightly lower high of $0.270 on Oct. 27. In both cases, the KLAY price was rejected by the 0.382 Fib retracement resistance level and created a long upper wick (green icon).
Even if the Klaytn price breaks out from the $0.270 area, there would be stronger resistance at $0.316, created by the 0.5 Fib retracement resistance level and a horizontal resistance area.
Therefore, until both these resistances are reclaimed, the KLAY price prediction cannot be considered bullish. However, it is worth mentioning that the daily RSI has moved above 50, a sign associated with bullish trends.
KLAY/USDT Chart By TradingView
KLAY Price Shows No Discernible Pattern
The hourly chart does not show any definitive pattern. While the KLAY price may be following an ascending support line, there are two potential slopes (dashed and solid) that the line could take.
Currently, the steeper line coincides with the $0.223 horizontal support area. As a result of this confluence, the price will likely bounce if it drops to this level. Klaytn price broke out above this level in the previous 24 hours.
Conversely, a breakdown below this area would likely lead to lows between $0.178-$0.195, an area between the 0.5-0.618 Fib retracement support price levels.
KLAY/USDT Chart By TradingView
Where Can Klaytn Price Go Next?
As it stands, the technical analysis states that the direction of the trend still seems unclear. A movement above $0.310 would be bullish, while a fall below $0.225 would be bearish. In the bearish scenario, the future Klaytn price could decrease to $0.178-$0.195.
In the bullish scenario, the next resistance would be at $0.505, created by a descending resistance line in place since the Sept. 2021 all-time high price.
KLAY/USDT Chart By TradingView
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The post Klaytn (KLAY) Price Skyrockets – Is $0.30 Forthcoming? appeared first on BeInCrypto.


Klaytn (KLAY) price has increased by 110% since Oct. 21 and broke out from a descending resistance line in the process.
The post Klaytn (KLAY) Price Skyrockets &#8211; Is $0.30 Forthcoming? appeared first on BeInCrypto.


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Klaytn (KLAY) Price Skyrockets – Is $0.30 Forthcoming?


KLAY’s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart.
KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2. 
The price of KLAY continues to hold strong above the 50 Exponential Moving Average (EMA) as the price aims to rally toward $0.4.

Klaytn (KLAY) has maintained its strong price trend as it approaches the $0.3 region, where it was previously rejected. With few exceptions, the crypto market has seen little volatility in recent weeks, with many altcoins and major crypto players like Bitcoin (BTC) and Ethereum (ETH) continuing to move in a range. Despite the market’s uncertainty, Klaytn (KLAY) has had a great time rallying, with the price aiming for a possible high of $0.4. (Data from Binance)

Klaytn (KLAY) Price Analysis On The Weekly Chart.
Despite the fact that many altcoins have struggled to trend in a range market, the price of KLAY has been a standout performer, as it has rallied and held strong at key support zones, demonstrating the strength of buyers who are unwilling to give up prices to sellers.
KLAY’s price has recently declined from an all-time high of more than $4 to a region of $0.13 before rallying to a high of $0.3. KLAY’s price faced resistance from $0.3 to break higher.
After the price of KLAY was rejected at $0.3, it fell to a region of $0.13, where it appeared to have formed strong Support and, most likely, a demand zone for future buy orders. KLAY rallied from $0.13 to a high of $0.2 as the price broke above to rally with greater strength to $0.3, where it met resistance and fell back to $0.2.
The overall structure of KLAY appears to be favorable, with a high probability of price retesting the $0.3 and higher ranges. If KLAY fails to hold above $0.2, we may see a retest of $0.15.
Weekly resistance for the price of KLAY – $0.3.
Weekly Support for the price of KLAY – $0.2-0.15.
Price Analysis Of KLAY On The Daily (1D) Chart
Daily KLAY Price Chart | Source: KLAYUSDT On Tradingview.com
In the daily timeframe, the price of KLAY continues to hold strong and trade above the key Support formed at 50 EMA after breaking out from its descending triangle on the daily timeframe. The price of $0.19 corresponds to the 50 EMA acting as Support for KLAY price. 
A break and close below this region would lead to the price of KLAY retesting a lower region of $0.15, KLAY’s price needs to hold $0.2 to trend higher.
Daily resistance for the KLAY price – $0.25-$0.3.
Daily Support for the KLAY price – $0.15.

Featured Image From CoinRepublic, Charts From Tradingview 


KLAY&#8217;s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2.  The price of KLAY continues to hold st...

Klaytn price	$0.186618
Low - High 24H	$0.18389 - $0.194379
Market cap	$564.99M
Volume 24H	$22.16M
All time high	$4.34 -95.69% March 30th 2021
All time low	$0.06044 209.26% April 29th 2020
Genesis date	N/A

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