Finschia and Klaytn mainnet merger proposal voting officially launched

Finschia, a public chain project under LINE, posted on the X platform that voting on the merger proposal with the Korean public chain Klaytn mainnet has been officially launched on LINE Blockchain Scan. Users vote by staking their tokens to validators, and voting will end at 13:22 Beijing time on February 2. According to previous news, Finschia, a blockchain project launched by instant messaging application LINE, and South Korean public chain Klaytn jointly launched FGP-23 and proposed a main network merger. The integrated chain will combine Ethereum (EVM) and Cosmos (CosmWasm) technologies to provide Networking with compatibility and high performance. Under the proposal, a new integration token (tentatively named PDT) will be issued. Holders of FNSA and KLAY will be able to claim the new tokens. This merger proposes a new token economic model. Approximately 24% of the existing issuance will be burned, and the unissued supply will be permanently removed. The integrated inflation rate will be reduced to 5.2%, and a new 3-Layer burn model will be introduced to sustain growth. If the proposal is approved, the two parties plan to establish an integrated foundation within the second quarter, launch new token exchanges, complete governance integration, and launch new business plans for the combined mainnet.