KLAY is the native cryptocurrency of the Klaytn blockchain platform, developed by Ground X, a subsidiary of Kakao Corporation. Klaytn aims to provide a user-friendly and scalable blockchain solution that caters to the needs of both developers and end-users. KLAY tokens hold utility within the Klaytn ecosystem, serving as a medium of exchange for transactions conducted on the platform and as a means for participating in governance decisions that influence the development and evolution of the network.