The Klaytn Foundation issued a proposal to destroy 5.28 billion KLAY

According to CoinDesk, the Klaytn Foundation submitted a token economics optimization proposal to the Governance Committee, which proposed burning 5.28 billion KLAY (about 48% of the total). The Klaytn Foundation has an initial reserve of 7.48 billion KLAY, of which 200 million have been provided to GroundX, the company that developed the Klaytn blockchain, for infrastructure development and network operations. The remaining 2 billion KLAY will be designated as the "KLAY Value Creation Reserve" and will only be used for use cases and scenarios that help facilitate the deflationary KLAY token economics.