FNSA Token Holders Require Swap, KLAY Holders Exempt: Clayton Clarifies
CryptoNewsTerminal Staff24 May, 2024
FNSA Token Holders Require Swap, KLAY Holders Exempt: Clayton Clarifies
According to an official announcement from Clayton (KLAY), holders of Finissia (FNSA) tokens must swap them for KAIA tokens since the Kaia chain, which is integrated with Finissia, utilizes the KLAYTN network. However, KLAY holders are not required to swap their tokens. The token swap will occur via the Kaia portal, developed by the Kaia Foundation, and will coincide with the Kaia chain's launch. Further details regarding the token swap procedure and timeline will be communicated through official channels. This clarification addresses earlier concerns regarding the need for KLAY holders to also swap their tokens. By clearly outlining the swap requirement for FNSA holders and exempting KLAY holders, Clayton aims to provide clarity and reassurance to investors. This move ensures a smooth transition to the new Kaia ecosystem and addresses any potential confusion among token holders.
