<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1728540930705.png?updatedAt=1728540932000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
<section name="14c3" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
Hello, this is the Finschia DLT Foundation.
&nbsp;
As previously announced on September 30, we are providing free gas fee support for a limited period to help FNSA holders smoothly proceed with unstaking. (This support is valid until September 30, 2025)
&nbsp;
Gas fee support has been distributed to those who applied from the date of the initial announcement until October 8th. Please refer to the details below:
&nbsp;
1st FNSA Gas Fee Support
<ul class="postList">
<li name="a9a2" class="graf graf--li">Eligibility: FNSA holders who applied for gas fee support between 2024.09.30 and 2024.10.08, 18:00 (UTC+9)&nbsp;</li>
<li name="4907" class="graf graf--li">Distributed Date: 2024.10.10 13:00 ~ 14:30 (KST)</li>
</ul>
</div>
</div>
</section>
<section name="bff1" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
&nbsp;
Please note that gas fee support is provided only once, and it will not be processed if an incorrect wallet address and/or Tx hash is submitted. Additionally, if the received FNSA is transferred to any address other than the one submitted, reissuance of support will not be possible. If you have submitted the correct information but have not received support within 30 days, please contact us at &lt;contact@finschia.org&gt;.
&nbsp;
For those who still need gas fee support but have not applied yet, please refer to the previous notice <a href="https://www.finschia.io/disclosure/detail/444/" data-href="https://www.finschia.io/disclosure/detail/444/" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">FNSA Gas Fee Support</a> and submit your application through the following Google form:
&gt; <a href="https://forms.gle/9pvkF491TFzzt1rF9" data-href="https://forms.gle/9pvkF491TFzzt1rF9" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">https://forms.gle/9pvkF491TFzzt1rF9</a>
&nbsp;
Note: This notice is intended to prevent duplicate applications and provide accurate information regarding FNSA gas fee support. From the second round of distributions, no separate announcements will be made.
&nbsp;
Finschia DLT Foundation
</div>
</div>
</section>

FNSA Gas Fee Distribution 

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1727834030118.png?updatedAt=1727834031000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
To our valued FNSA holders, This is the Finschia DLT Foundation.
&nbsp;
We are pleased to announce that we will be providing free gas fee support for a limited period to help existing FNSA holders smoothly proceed with their FNSA unstaking. We understand that many of you are facing challenges in securing the necessary gas fees for unstaking. Therefore, to assist holders experiencing difficulties due to insufficient gas fees, we are implementing the following support measures:
&nbsp;
<h2 id="da74" class="mm mn fq bf mo mp mq mr ms mt mu mv mw lz mx my mz md na nb nc mh nd ne nf ng bk">(1) Gas Fee Support Eligibility</h2>
<ul class="">
<li id="094e" class="lo lp fq lq b lr nh lt lu lv ni lx ly lz nj mb mc md nk mf mg mh nl mj mk ml nm nn no bk" data-selectable-paragraph="">Eligibility: FNSA holders who submit proof of their staking status</li>
<li id="b3aa" class="lo lp fq lq b lr np lt lu lv nq lx ly lz nr mb mc md ns mf mg mh nt mj mk ml nm nn no bk" data-selectable-paragraph="">Support Amount: 0.0045 FNSA per person</li>
<li id="93b1" class="lo lp fq lq b lr np lt lu lv nq lx ly lz nr mb mc md ns mf mg mh nt mj mk ml nm nn no bk" data-selectable-paragraph="">Support Period: 1 year from the date of this announcement</li>
</ul>
&nbsp;
<h2 id="e530" class="mm mn fq bf mo mp mq mr ms mt mu mv mw lz mx my mz md na nb nc mh nd ne nf ng bk">(2) How to Apply for Gas Fee Support</h2>
<ul class="">
<li id="78cd" class="lo lp fq lq b lr nh lt lu lv ni lx ly lz nj mb mc md nk mf mg mh nl mj mk ml nm nn no bk" data-selectable-paragraph="">Required Documents: Tx hash (staking confirmation details), Screenshot of your&nbsp;wallet address&nbsp;proving ownership</li>
<li id="a637" class="lo lp fq lq b lr np lt lu lv nq lx ly lz nr mb mc md ns mf mg mh nt mj mk ml nm nn no bk" data-selectable-paragraph="">Where to Apply:&nbsp;<a class="af nu" href="https://forms.gle/9pvkF491TFzzt1rF9" rel="noopener ugc nofollow" target="_blank">Google Form</a></li>
</ul>
&nbsp;
Gas fee support will be provided once to those who apply through the Google Form, and it will be sent to the submitted Tx hash address within 30 days of application. Please ensure that the Tx hash you submit is correct, as&nbsp;additional support will not be provided for incorrect submissions.
&nbsp;
Please note that if you do not use the supported gas fee to unstake your FNSA within the designated period, your assets may be lost. This loss will be the responsibility of the individual, so we strongly encourage those who lack gas fees to apply within the specified period and complete the unstaking process.
&nbsp;
We hope this free support will help you smoothly proceed with your unstaking, and we look forward to your continued interest and support for both the Finschia and the Kaia Foundation.
&nbsp;
Finschia DLT Foundation

FNSA Gas Fee Support

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1724677327389.png?updatedAt=1724677329000" width="857" height="498" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
<div class="content-wrapper">
Hello, this is the Finschia DLT Foundation.
&nbsp;
As the Kaia mainnet by the Kaia DLT Foundation is scheduled for release on August 29, 2024, the Finschia mainnet will undergo its final upgrade to version 4.0 to ensure the seamless transfer of FNSA assets. This upgrade will introduce key enhancements, with additional updates to be shared on the official&nbsp;<a href="https://finschia.io/disclosure" class="external-link">Finschia website</a>.
</div>
&nbsp;
<h2 id="id-240827_Finschia4.0업그레이드안내-FinschiaMainnet4.0UpgradeSchedule">Finschia Mainnet 4.0 Upgrade Schedule</h2>
August 28, 2024 (Wed)
<ul>
<li>Chain suspension and upgrade: 14:00 ~ 16:00 KST</li>
<li>The suspension of FINSCHIA(FNSA) deposits and withdrawals will vary by exchange, so please check the respective exchange's announcements.</li>
</ul>
<h6>❖ Upgrade end time may vary depending on progress.</h6>
<h6>❖ The upgrade schedule is subject to change based on internal testing and other development considerations. If any changes, a separate announcement will be made.&nbsp;</h6>
&nbsp;
<h3 id="id-240827_Finschia4.0업그레이드안내-FinschiaMainnet4.0UpgradeDetails">Finschia Mainnet 4.0 Upgrade Details</h3>
<ul>
<li>x/fswap module addition
<ul>
<li>To enable the exchange(swap) of FNSA to KAIA on the Finschia mainnet</li>
</ul>
</li>
<li>x/fbridge module addition
<ul>
<li>To enable the transfer of KAIA from the Finschia mainnet to the Kaia mainnet</li>
</ul>
</li>
</ul>
<div class="table-wrap"></div>
&nbsp;
We kindly advise you to take note of the upgrade schedule and to initiate the swap of your FNSA to KAIA through <a href="https://portal.kaia.io/" class="external-link">Kaia Portal</a>&nbsp;starting August 29, 2024. This upgrade is a vital step towards the successful rollout of the Kaia mainnet. We encourage all Finschia community members to complete the asset conversion within the window provided, ensuring a smooth transition into the Kaia ecosystem.&nbsp;

Finschia 4.0 Upgrade 

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1724644565543.webp?updatedAt=1724644567000" width="808" height="424" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
<div class="fj fk fl fm fn">
<div class="ab cb">
<div class="ci bh ev ew ex ey">
As&nbsp;<a class="af ne" rel="noopener" href="https://medium.com/kaiachain/its-official-kaia-mainnet-will-be-going-live-on-29-august-42fc10ea9583">previously announced</a>, new FNSA staking will be suspended from 23 August 2024 to facilitate smooth integration for the launch of the Kaia mainnet. All delegation and redelegation functions on FNSA wallets will be disabled, and staking rewards will cease three days later on 26 August 2024.
&nbsp;
Together with the cessation of staking rewards, the unbonding time will also be reduced from 7 days to 1 hour to streamline the unstaking process for FNSA stakers. Do note that any unstaking requests initiated before the reduction of unbonding time will still require the full 7 days, so we recommend unstaking only after the change in unbonding time is in effect.
&nbsp;
The exact timing of the unbonding change can be found by referring to the voting period for&nbsp;<a class="af ne" href="https://www.mintscan.io/finschia/proposals/33/" rel="noopener ugc nofollow" target="_blank">Proposal 33</a>.
&nbsp;
<h2 id="48c0" class="nf ng fq bf nh ni nj nk nl nm nn no np nq nr ns nt nu nv nw nx ny nz oa ob oc bk">Suspension of New Staking and Inflation Schedule</h2>
Users staking FNSA are encouraged to refer to the following schedule to ensure a smooth KAIA token swap. Please&nbsp;<a class="af ne" href="https://dosi.gitbook.io/dosi-eng/dosi/trading-guide/creating-an-fnsa-wallet-address#id-6.-fnsa-staking" rel="noopener ugc nofollow" target="_blank">refer to this guide</a>&nbsp;for step-by-step instructions on how to unstake your FNSA.
&nbsp;
<ul class="">
<li id="c7d4" class="mg mh fq mi b mj mk ml mm mn mo mp mq mr ms mt mu mv mw mx my mz na nb nc nd oi oj ok bk" data-selectable-paragraph="">Suspension of New Staking: From 3:00 pm on 23 August 2024</li>
<li id="dbb8" class="mg mh fq mi b mj ol ml mm mn om mp mq mr on mt mu mv oo mx my mz op nb nc nd oi oj ok bk" data-selectable-paragraph="">Suspension of Inflation: From 3:00 pm on 26 August 2024</li>
<li id="0923" class="mg mh fq mi b mj ol ml mm mn om mp mq mr on mt mu mv oo mx my mz op nb nc nd oi oj ok bk" data-selectable-paragraph="">Reduction of Unbonding Time: From 3:00 pm on 26 August 2024</li>
<li id="2de8" class="mg mh fq mi b mj ol ml mm mn om mp mq mr on mt mu mv oo mx my mz op nb nc nd oi oj ok bk" data-selectable-paragraph="">FNSA to KAIA token swap service: From 3:00 pm on 29 August 2024</li>
</ul>
&nbsp;
<h2 id="d8fb" class="nf ng fq bf nh ni nj nk nl nm nn no np nq nr ns nt nu nv nw nx ny nz oa ob oc bk">Important Notes</h2>
<ul class="">
<li id="2860" class="mg mh fq mi b mj od ml mm mn oe mp mq mr of mt mu mv og mx my mz oh nb nc nd oi oj ok bk" data-selectable-paragraph="">Staking rewards will no longer be issued once FNSA inflation is halted.</li>
<li id="ad2f" class="mg mh fq mi b mj ol ml mm mn om mp mq mr on mt mu mv oo mx my mz op nb nc nd oi oj ok bk" data-selectable-paragraph="">If unstaking is initiated before the reduction in unbonding time, the unstaking period will still be 7 days.</li>
<li id="a08b" class="mg mh fq mi b mj ol ml mm mn om mp mq mr on mt mu mv oo mx my mz op nb nc nd oi oj ok bk" data-selectable-paragraph="">The FNSA to KAIA token swap service will be made available on Kaia Portal.</li>
<li id="9bef" class="mg mh fq mi b mj ol ml mm mn om mp mq mr on mt mu mv oo mx my mz op nb nc nd oi oj ok bk" data-selectable-paragraph="">Swapped KAIA tokens can be deposited into Kaia Portal to receive new rewards.</li>
<li id="65cc" class="mg mh fq mi b mj ol ml mm mn om mp mq mr on mt mu mv oo mx my mz op nb nc nd oi oj ok bk" data-selectable-paragraph="">The times mentioned above are subject to change. We will provide advanced notice in the event of any changes.</li>
</ul>
&nbsp;
Beyond the token swap, Kaia Portal is also designed as a one-stop destination for Kaia DeFi services where users can contribute to the Kaia ecosystem while earning high rewards in the process. More details will be provided at the time of the Kaia Portal launch.
</div>
</div>
</div>

Suspension of new FNSA staking

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1724043379796.png?updatedAt=1724043382000" width="827" height="434" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
Following the approval of <a href="https://protect2.fireeye.com/v1/url?k=31323334-501d0a38-3133420b-454441504e31-e023033ea4b41826&amp;q=1&amp;e=b11d565f-5a3d-4ce5-ae5c-18db1e7e1a7d&amp;u=https%3A%2F%2Fwww.finschia.io%2Fdisclosure%2Fdetail%2F390" data-href="https://protect2.fireeye.com/v1/url?k=31323334-501d0a38-3133420b-454441504e31-e023033ea4b41826&amp;q=1&amp;e=b11d565f-5a3d-4ce5-ae5c-18db1e7e1a7d&amp;u=https%3A%2F%2Fwww.finschia.io%2Fdisclosure%2Fdetail%2F390" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">FGP-23 proposal</a>, Finschia and Klaytn have decided to merge our mainnets to establish Asia&rsquo;s leading blockchain. With this integration, Finschia tokens and governance will transition to Kaia upon the launch of the Kaia mainnet. As this significant event approaches, we would like to inform you about the upcoming changes and how Finschia users can convert their FNSA tokens to KAIA.
&nbsp;
To ensure a seamless transition, FNSA inflation will cease on August 26, 2024. conversion rate for FNSA to KAIA will be approximately 148:1(148.079656:1 = KAIA:FNSA) as detailed in FGP-23. Halting FNSA inflation is necessary to finalize the total amount of KAIA to be exchanged on the Kaia chain. Furthermore, the unbonding time will be reduced from 7 days to 1 hour to facilitate a smooth swap. Please be aware that new staking on Finschia will be halted from August 23, 2024, and users will no longer earn FNSA rewards due to the inflation suspension. We ask for your understanding that these measures are designed to allow users to securely convert their FNSA tokens to KAIA.
&nbsp;
With the integration of Finschia governance into Kaia, the Finschia Governance Members (FGM) will step down as a validator operators on August 27, 2024, and transition to the Kaia mainnet. In line with this governance change, the voting period will be shortened from 7 days to 3 hours.
&nbsp;
The Finschia mainnet will be upgraded to version 4.0, which has been thoroughly vetted for stability by the reputable auditor Hacken.
&nbsp;
Crucially, Finschia users can convert their FNSA tokens via the Kaia Portal. To provide ample time for token transition and avoid any confusion, the Foundation will offer the FNSA to KAIA swap service for at least 12 months.
&nbsp;
These adjustments are implemented to safeguard all asset holders and ensure a smooth transition. We deeply appreciate the ongoing support and engagement of our community.
&nbsp;
Finschia DLT Foundation

Important Announcement: Key Changes and Token Swap

Hello, this is the Finschia DLT Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA(FNSA) on August 13, 2024. The purpose of this use is for the ecosystem activation, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia DLT Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Details]
<ul>
<li>Applicable Date: 2024.08.13 09:00:00 ~ 2024.08.13 16:59:59 (GST)</li>
<li>Purpose of Use: Ecosystem activation</li>
<li>Amount of Use: 10,331 FNSA (Reserve)</li>
<li>Blockchain Explorer:
<ul>
<li>1 FNSA: <a target="_blank" class="c-link c-link--focus-visible" data-stringify-link="https://www.mintscan.io/finschia/tx/08F71642EC05C46FB21480DA639A8D4127F93986B9D34CE4DDF3B7BE51F2F181?height=66385559" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/08F71642EC05C46FB21480DA639A8D4127F93986B9D34CE4DDF3B7BE51F2F181?height=66385559" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/08F71642EC05C46FB21480DA639A8D4127F93986B9D34CE4DDF3B7BE51F2F181?height=66385559</a></li>
<li>10,330 FNSA: <a target="_blank" class="c-link c-link--focus-visible" data-stringify-link="https://www.mintscan.io/finschia/tx/463EC0EE863DFEDF162617021C1FBC3BFD41097835BE3A51EB62924FC7EB92C2?height=66385663" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/463EC0EE863DFEDF162617021C1FBC3BFD41097835BE3A51EB62924FC7EB92C2?height=66385663" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/463EC0EE863DFEDF162617021C1FBC3BFD41097835BE3A51EB62924FC7EB92C2?height=66385663</a></li>
</ul>
</li>
</ul>

&nbsp;
[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia DLT Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>
&nbsp;
We are the blockchain for all.
Finschia DLT Foundation
&nbsp;

Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2024.08.13) 

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1723444586180.png?updatedAt=1723444587000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
Greetings, Finschia community!
&nbsp;
During the governance voting period for the Finschia X Klaytn mainnet merge proposal (<a href="https://www.finschia.io/disclosure/detail/390" data-href="https://www.finschia.io/disclosure/detail/390" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">FGP-23</a>), we have designated the top three validators with the highest average delegation as recipients of the community support package. We are pleased to provide detailed information regarding the specific delegation amounts and staking periods for these selected validators.
&nbsp;
<h2 name="fe9d" class="graf graf--h4">Community Support Package&nbsp;Details</h2>
The Community Support Package is a 12-month initiative by the Kaia Foundation aimed at supporting the growth of early Finschia communities with high user voting participation within the Kaia ecosystem. The primary objective is to enhance these communities by providing Voting Power (VP), thereby ensuring that user perspectives are more effectively reflected in governance decisions. Rewards generated through delegation will be distributed to all delegates associated with the respective nodes, including both validators and delegating users.
&nbsp;
Support allocation is determined based on the proportional delegation ratios relative to the average FNSA deposits of the top three validators during the proposal voting period. Consequently, the top two validators will each receive 3 VP, while the third validator will receive 1 VP. The total support amount has been set at 35 million KAIA and will be administered through the Kaia Ecosystem Fund (KEF). At the end of the support period, the fund will be reinstated to the KEF.
&nbsp;
<h2 name="86d8" class="graf graf--h4">Support Period and&nbsp;Quantity</h2>
<ul>
<li name="fb28" class="graf graf--p">Support Period: From the launch of the Kaia chain, for 12 months</li>
<li name="fb28" class="graf graf--p">Support Quantity: A total of 7 Voting Power(VP, 35M KAIA )will be distributed to the top 3 entities (1 VP = 5M KAIA)
<ul>
<li name="fb28" class="graf graf--p">BUGHOLE: 3 VP (15M KAIA)</li>
<li name="fb28" class="graf graf--p">GoodGang Labs: 3 VP (15M KAIA)</li>
<li name="fb28" class="graf graf--p">Neopin: 1 VP (5M KAIA)</li>
</ul>
</li>
</ul>
&nbsp;
<figure name="86c4" class="graf graf--figure"><img class="graf-image" data-image-id="0*Q40blBavB-DHJv0g.jpeg" data-width="696" data-height="132" src="https://cdn-images-1.medium.com/max/1600/0*Q40blBavB-DHJv0g.jpeg" />
<figcaption class="imageCaption">Reference</figcaption>
</figure>
&nbsp;
<h2 name="9ab0" class="graf graf--h4">Support Conditions</h2>
However, in alignment with the objectives of the Community Support Package, selected validators must consistently maintain a specified level of user delegation. If the ratio of user delegation to the validator&rsquo;s own capital remains below tenfold for more than three months within the 12-month period, the community support delegation will be suspended. For clarification, &ldquo;validator&rsquo;s own capital&rdquo; refers to the quantity of FNSA tokens each validator purchased upon joining the Finschia validator program. Specifically, each validator initially acquired 10,000 FNSA tokens, which is approximately equivalent to 14,807,965.6 KAIA.
&nbsp;
<ul>
<li name="8e81" class="graf graf--p">Support Conditions
<ul>
<li name="8e81" class="graf graf--p">Maintain a ratio of user delegation to self-capital at tenfold or higher</li>
<li name="8e81" class="graf graf--p">If the ratio of user delegation to self-capital remains below tenfold for more than three months, the community support delegation will be halted</li>
</ul>
</li>
</ul>
&nbsp;
<ul>
<li name="6d99" class="graf graf--p">Basis for self-capital
<ul>
<li name="6d99" class="graf graf--p">The amount of FNSA purchased when joining as a validator (10,000 FNSA)</li>
</ul>
&nbsp;
We sincerely thank everyone for your continued interest in our ecosystem. We will keep listening to the community to maintain a fair and transparent ecosystem.
</li>
</ul>

Announcing Community Support Package Implementation

Hello, this is the Finschia DLT&nbsp;Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for June, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy(<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698734312440.pdf?updatedAt=1698734315000" class="external-link" rel="nofollow">url</a>),&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0 disclosed&nbsp;in&nbsp;April 2023.)
&nbsp;
Service Contribution Rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the MINTSCAN dashboard (<a href="https://www.mintscan.io/finschia" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2024/07/31
▸ Purpose of Reward: Service contribution reward
▸ Amount of Reward: 49,455.746396&nbsp;FNSA
▸ Governance Proposal: <a class="external-link" href="https://www.mintscan.io/finschia/proposals/32">https://www.mintscan.io/finschia/proposals/32</a>

&nbsp;
[Reward: June]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid; height: 310.39px;">
<tbody>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.5823%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Purpose of Reward
</td>
<td style="width: 62.8366%; border: 1px solid #000000; height: 54.3984px;">
Service contribution reward
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 92.7969px;">
<td style="width: 37.5823%; background-color: #ecf0f1; border: 1px solid #000000; height: 92.7969px;">
Total Reward Amount
</td>
<td style="width: 62.8366%; border: 1px solid #000000; height: 92.7969px;">
49,455.746396 FNSA
※ As of the end of June
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.5823%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Block height of the last in June
</td>
<td class="confluenceTd" style="width: 62.8366%;">
65438633
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.5823%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
The number of Service Contributor
</td>
<td style="width: 62.8366%; border: 1px solid #000000; height: 54.3984px;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.5823%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Reward&nbsp;Distribution Date
</td>
<td style="width: 62.8366%; border: 1px solid #000000; height: 54.3984px;">
2024.07.31 09:44:10 (GST) ~&nbsp;
</td>
</tr>
</tbody>
</table>

&nbsp;
[Details]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Name of Service Contributor(Corp Name)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
DOSI (LINE NEXT Inc)
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment processing account address
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
link1xr3rq8yvd7qplsw5yx90ftsr2zdhg4e9z60h5duusgxpv72hud3sgmqjlr
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment amount (V)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
219,941.794280
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Contribution per service (C_Base)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Base reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
49,455.746396 FNSA
</td>
</tr>
</tbody>
</table>

&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors.&nbsp;

&nbsp;

Starting in July, DOSI, the sole service contributor to Finschia, will cease its participation in the Service Contribution Rewards (SCR) program, resulting in the suspension of SCR payments. The remaining FNSA will be transferred to the Kaia Foundation and used following the initial intent of the Service Contribution Rewards.
&nbsp;
We deeply appreciate the ongoing support and engagement of our community.&nbsp;
&nbsp;
Finschia DLT Foundation

Finschia's service contribution reward : June

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1721730760456.png?updatedAt=1721730761000" width="858" height="499" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
As the launch of the Kaia mainnet approaches, we would like to inform you of the closure of Finschia's official CS inquiry channel.
&nbsp;
The inquiry form addressing various Finschia-related questions will be discontinued on Wednesday, July 24, 2024 at 17:00. After this date, all inquiries will be managed through the Kaia Discord.&nbsp;
&nbsp;
We sincerely appreciate your support for the Finschia ecosystem through the official CS channel. Please note that the Finschia email will remain active until the launch of the Kaia mainnet. For sensitive inquiries, including those containing personal information, you may contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org.">contact@finschia.org.</a>&nbsp;All information related to Kaia and Finschia will continue to be available through our official channels.
&nbsp;
Thank you for your understanding and support.
&nbsp;
Finschia DLT Foundation

Announcing the Closure of the Official Finschia CS Channel

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1720673728783.png?updatedAt=1720673729000" width="1000" height="auto" alt="" />

&nbsp;&gt; <a href="https://t.co/pBVUe1g8uT">Read KR version</a>&nbsp;
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<div class="ch bg eu ev ew ex">

&nbsp;
With the impending launch of Kaia, the merged mainnet of the Finschia DLT Foundation and the Klaytn Foundation, the blockchain industry eagerly anticipates the innovative features and changes it will introduce. In this interview, we gain insights from Aidan, the current mainnet development lead at the Klaytn Foundation. Since joining the Klaytn project in March 2019, Aidan has played a pivotal role in the development of the Klaytn Square and the Klip key management system. Now, he spearheads not only the mainnet development for Kaia but also the advancement of Kaia Square and Kaia Portal, ensuring seamless integration across business, marketing, and governance domains.
&nbsp;
Hello Aidan, you must be very busy with the mainnet merge. How is it going, and what improvements can we expect in the future?
Merging two live chains is quite rare, particularly for large-scale chains like Finschia and Klaytn. We have meticulously planned to minimize the impact on each ecosystem&rsquo;s services. Klaytn has been publicly operational for over five years, onboarding numerous partners independently. Conversely, Finschia, while having fewer anonymous projects, boasts stronger ties with its partners, facilitating direct communication. To streamline the process, we decided to migrate projects that are easy to communicate with to the Ethereum Virtual Machine (EVM) as it is the quickest method with minimal ecosystem disruption.
&nbsp;
Adopting EVM was the optimal choice since its specifications cover over 50% of the global blockchain environment, enabling us to onboard more services with the launch of the Kaia mainnet. Utilizing EVM for its accessibility allows us to quickly activate Kaia&rsquo;s initial ecosystem and subsequently leverage Finschia&rsquo;s exceptional features. This approach ensures a faster integration while minimizing direct impacts on the ecosystem.
&nbsp;
It is crucial to understand that the chain merge signifies the beginning of Kaia, not its culmination. Beyond uniting Finschia and Klaytn, we are defining Kaia&rsquo;s distinct identity. As the merge progresses, we will share more details about Kaia&rsquo;s future direction and the innovative steps we are taking.
&nbsp;
Was there an option to merge based on Cosmos?
The community suggested that, given Cosmos&rsquo;s previous integration with EVM, we might consider building on Cosmos. However, re-implementing Klaytn&rsquo;s functionalities and performance enhancements on Cosmos would have been excessively time-consuming. Abandoning compatibility with the existing Klaytn ecosystem would have resulted in significant technical and policy-related challenges as well. To expedite integration, we opted for a method that minimized complexity and facilitated smoother transitions.
&nbsp;
What challenges did you encounter during the development process?
Time was our primary constraint. Following the approval of the merge proposal in February, we had roughly three months to complete the development. We faced differences in understanding and context between the Finschia and Klaytn developers. Cultural and communication variances further complicated matters, as we had to rapidly develop together without much time to acclimate.
&nbsp;
Setting new and ambitious goals beyond mere technical integration was also crucial. Despite both teams&rsquo; extensive mainnet development experience, our approaches to new challenges varied. Fortunately, continuous communication and coordination have resolved many issues, and we are now progressing in a unified direction.
&nbsp;
Kaia Chain is known for prioritizing security. How do you ensure this?
Security is a paramount concern for us. Over half of Klaytn&rsquo;s mainnet developers hold advanced degrees in security, underscoring our sensitivity to potential threats. We conduct comprehensive tests, including synchronization tests that verify the correct processing of all past blocks with new versions, and these results are shared publicly on Github. Additionally, we integrate the experience of Finschia developers and their robust security development framework to enhance our systematic approach.
&nbsp;
Blockchain development is inherently complex and demands meticulous attention, as errors can have irreversible consequences. To minimize risks, we actively engage in peer reviews and operate a bug bounty program.
&nbsp;
What do you focus on during testing?
Obviously, operational aspects. Both Finschia and Klaytn maintain a relatively closed validator structure compared to public networks like Ethereum, allowing for swift issue resolution. If a problem arises, the foundation can quickly assess the situation and communicate with validators, ensuring a rapid and responsible response. This operational approach enables reliable and low-latency performance in real-world environments.
&nbsp;
Klaytn has operated the Baobab testnet alongside the mainnet from the beginning, allowing us to identify and address potential issues in an environment identical to the mainnet. While maintaining two chains increases size and energy consumption, Baobab&rsquo;s value in predicting and mitigating future problems is immense. Now, as Baobab transitions to Kaia&rsquo;s testnet, Kairos, we anticipate it will play an even larger role.
&nbsp;
What are Kaia&rsquo;s strengths and differentiators compared to other blockchains?
Kaia boasts the shortest latency from transaction creation to confirmation, ensuring unmatched reliability. While some chains claim shorter block times, actual usage often reveals inconsistencies. In contrast, Kaia has consistently demonstrated 2-second transaction confirmations on the mainnet, outperforming well-known chains in both speed and stability.
&nbsp;
What about TPS (Transactions Per Second)?
Kaia inherits the 4,000 TPS capability from Klaytn, which was ranked 5th by Chainspect&rsquo;s Max Recorded TPS. Many chains often tout ideal TPS figures, but Klaytn&rsquo;s results come from real-world conditions. Under ideal circumstances, Klaytn could have achieved tens of thousands of TPS, indicating that Kaia can maintain top-level global performance.
&nbsp;
Which categories of services are best suited for Kaia&rsquo;s business potential?
We are primarily targeting major messaging platforms like LINE and KakaoTalk, which align with our background and Kaia&rsquo;s strengths. Inspired by the success of TON, we aim to integrate with messengers first, leveraging their role as super apps. Unlike anonymous-focused platforms, our messenger apps offer expansive service integration opportunities.
&nbsp;
Technically, we plan to include Discord and Telegram, aiming for broad blockchain integration through messengers as intermediaries. Though regulatory and social challenges exist, we intend to overcome these step-by-step, showcasing Kaia&rsquo;s strengths and differentiation to Web2 companies. Ultimately, Kaia aims to expand into a super app, bridging blockchain with various Web2 services.
&nbsp;
How is technical development going to make the project stand out among other blockchain networks?
Though still in the early stages, we are exploring new layers of development. Rather than building blockchain applications within nodes, we&rsquo;re considering lightweight, plugin-like development to reduce the burden on developers. This approach would simplify blockchain integration and allow for the shared use of developed outcomes, akin to using SaaS services.
&nbsp;
For users, receiving KAIA tokens could trigger simple plugin registrations for notifications, while service providers could offer KAIA tokens as rewards without requiring coding, using reusable modules. This user-friendly approach will enable easy blockchain integration, even for those unfamiliar with the technology, facilitating direct implementation within messengers or related services.
&nbsp;
What support plans are in place for the smooth onboarding of dApp developers to the Kaia ecosystem?
Launching services on the Kaia network involves code audits, endpoint utilization, and cloud server costs. We have secured key partners and operate the IOK program to provide better prices and conditions.
&nbsp;
Strategically, we target essential services like DeFi protocols, vital for Kaia&rsquo;s ecosystem. The core element of DeFi is liquidity provision, and we plan to offer data platforms to showcase service performance. To foster a comprehensive DeFi ecosystem, we are preparing for the seamless integration of bridges, oracles, and other components.
&nbsp;
We also aim to nurture projects in underrepresented sectors, focusing on sustainable support like liquidity provision or platform integration, rather than one-time grants that could pressure KAIA holders. Additionally, we are organizing hackathons and acceleration programs to further support development within the ecosystem.
&nbsp;
What are the success metrics for the Kaia chain?
Well, defining success metrics is challenging. While transaction volume, active users, token inflation, and the stability of tokenomics are important, market capitalization is the ultimate indicator. Market cap is increasingly crucial due to the interest of institutional investors. In Singapore, for example, traditional financial institutions tend to include substantial tokens in their portfolios, making market cap a critical criterion.
&nbsp;
Despite Kaia&rsquo;s technical excellence, the leveling of layer-1 network technologies means differentiation through technology alone is tough. To thrive, we must enter the top tier of market cap within 1&ndash;2 years, ensuring continued user adoption and economic growth through institutional investor inflows.
&nbsp;
Any final words?
On behalf of all developers from our team as well as the Finschia team, I can say that we firmly believe in blockchain&rsquo;s potential to create a transparent and fair society. However, we have also faced technical limitations and fragmented investments, which have hindered effective user experiences. This means we constantly ponder how to bring blockchain transparency into everyday life.
&nbsp;
We envision merging Kaia&rsquo;s technology with various blockchain innovations to eventually provide protocols offering tangible transparency and fairness. Despite the volatility in token prices, we remain steadfast in our mission. We continue to lead blockchain development, awaiting the moment when our technological efforts translate into real-world impact. We look forward to your journey with us in the Kaia ecosystem and anticipate a thriving symbiosis with many developers.
</div>
</div>
</div>
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[Interview] Dive into Kaia

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1720078851247.webp?updatedAt=1720078853000" width="720" height="378" alt="" style="display: block; margin-left: auto; margin-right: auto;" />

&nbsp;
Kaia mainnet launch is gathering momentum. Ahead of the official launch, the largest Kaia ecosystem is already being built in Southeast Asia, and starting in July, you&rsquo;ll be able to meet Kaia at trend-setting blockchain events around the world. Starting with IVS Crypto in Kyoto on the 4th of July, you can see Kaia in person at events worldwide!

&nbsp;
<h2 id="925c" class="nq nr fp be ns nt nu nv nw nx ny nz oa mv ob oc od mz oe of og nd oh oi oj ok bj" data-selectable-paragraph="">[KYOTO] 4&ndash;6 July:&nbsp;<a class="af ol" href="https://www.ivs.events/crypto" rel="noopener ugc nofollow" target="_blank">IVS Crypto</a></h2>
Sam Speaking Session: 5 July 12:30&ndash;1 PM
&nbsp;
<img src="https://miro.medium.com/v2/0*cNn418DMai7oF188" width="474" height="474" style="display: block; margin-left: auto; margin-right: auto;" />

&nbsp;
IVS Crypto is Japan&rsquo;s largest crypto conference, and this year&rsquo;s theme is &lsquo;Cross the Boundaries&rsquo;, where Sam will be sharing insights from Kaia and LINE NEXT&rsquo;s strategy for becoming Asia&rsquo;s №1 Web3 company. He will also be sharing insights from Kaia&rsquo;s Web3 focus on messenger integration in mainland Japan, where LINE is the main messenger. In addition to the presentations, you can get various insights and prizes at our booth with DOSI.

&nbsp;
<h2 id="0e13" class="nq nr fp be ns nt nu nv nw nx ny nz oa mv ob oc od mz oe of og nd oh oi oj ok bj" data-selectable-paragraph="">[Belgium] 8&ndash;11 July:&nbsp;<a class="af ol" href="https://ethcc.io/" rel="noopener ugc nofollow" target="_blank">ETHcc</a></h2>
The Ethereum Community Conference (EthCC) is the largest annual European Ethereum event focused on technology and community. Four members of the Kaia Integration Foundation have been selected to speak at this year&rsquo;s blockchain trendsetting event! Rollups &amp; Scaling Solutions (<a class="af ol" href="https://x.com/EthCC/status/1797270695937712391" rel="noopener ugc nofollow" target="_blank">Sam</a>), Enterprise &amp; Regulation (<a class="af ol" href="https://x.com/EthCC/status/1796927182343975086" rel="noopener ugc nofollow" target="_blank">Andrew</a>), and Core Protocol &amp; Research (<a class="af ol" href="https://x.com/EthCC/status/1796923407990202733" rel="noopener ugc nofollow" target="_blank">Neo</a>,&nbsp;<a class="af ol" href="https://x.com/EthCC/status/1796919633213374638" rel="noopener ugc nofollow" target="_blank">Joseph</a>).
&nbsp;
We&rsquo;ll be sharing a variety of Kaia Chain-centric insights across the three topics. More information can be found on the<a class="af ol" href="https://ethcc.io/agenda" rel="noopener ugc nofollow" target="_blank">&nbsp;ETHcc official website</a>.

&nbsp;
<h2 id="7c63" class="nq nr fp be ns nt nu nv nw nx ny nz oa mv ob oc od mz oe of og nd oh oi oj ok bj" data-selectable-paragraph="">[Philippines] 8&ndash;12 July: Philippines University Tour</h2>
At Kaia, we are always committed to finding and educating more new blockchain talent. In particular, we believe that providing educational opportunities to university students is a fundamental way to contribute to the democratization of blockchain as a Layer1.
&nbsp;
As part of this, on 8 July, we will be hosting a University Tour in Baguio City, Philippines, which is the base of our Southeast Asian market. Baguio City is a digital hub in the Philippines, and the University Tour will be centered around top universities in the city. The 5-day tour will be a fresh opportunity to meet university students and directly or indirectly onboard potential blockchain talents into the Kaia ecosystem that we want to build on Kaia.

&nbsp;
<h2 id="be93" class="nq nr fp be ns nt nu nv nw nx ny nz oa mv ob oc od mz oe of og nd oh oi oj ok bj" data-selectable-paragraph="">[Philippines] 14 July:&nbsp;<a class="af ol" href="https://twitter.com/Yggphroadtrip?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="noopener ugc nofollow" target="_blank">YGG PH Roadtrip</a></h2>
YGG Pilipinas Roadtrip 2024 is a trendsetting event for the future of Web3 gaming, travelling across five regions in the Philippines to provide innovative experiences and education on the love of Web3 gaming. Kaia&rsquo;s participation in the roadtrip will showcase leading Web3 games that have been onboarded into the Kaia ecosystem, as well as identify new Web3 games to be onboarded and communicate with them in various ways. You can find more details on the&nbsp;<a class="af ol" href="https://lu.ma/rdtrpmanila" rel="noopener ugc nofollow" target="_blank">official registration page</a>.

&nbsp;
<h2 id="eaa4" class="nq nr fp be ns nt nu nv nw nx ny nz oa mv ob oc od mz oe of og nd oh oi oj ok bj" data-selectable-paragraph="">[Tokyo] 24 July: Blockchain Leaders Summit Tokyo</h2>
The Blockchain Leaders Summit in Tokyo, the capital of Japan, is a private event for Web3 C-levels. The event is co-sponsored by Klaytn Foundation and LINE NEXT, and Sam, the Director of Klaytn Foundation, will be a speaker, introducing the new Kaia chain to the industry and sharing industry insights.

Kaia in July, see you around the world!

Hello, this is the Finschia DLT Foundation.
&nbsp;
We are announcing that the recovery of FNSA will take place on July 2, 2024. 
The Foundation is scheduled to recover the unused amount of FNSA that was allocated to partners for ecosystem activation.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Details]
<ul>
<li>Name of Token : FINSCHIA (FNSA)</li>
<li>Date :&nbsp;2024.07.02 00:00:00 ~ 2024.07.02 23:59:59 (GST)&nbsp;</li>
<li>Purpose of Recovery: Recovery of unused FNSA allocated to partners for ecosystem activation</li>
<li>Recovering Amount: 3,122.405723 FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer: <a class="external-link" href="https://www.mintscan.io/finschia/tx/">https://www.mintscan.io/finschia/tx/</a>

&nbsp;
[Note]
<ul>
<li>Recovered FNSA will be collected by the Foundation, reallocated for the purpose of the Foundation's Reserve use.</li>
<li>The amount recovered is already included in the circulating volume; thus its volume will not be affected by the recovered amount.</li>
</ul>
&nbsp;&nbsp;
We are the blockchain for all.
Finschia DLT Foundation
&nbsp;
&nbsp;
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia DLT Foundation license.

Announcement of FNSA Recovery (2024.07.02)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1719506381035.png?updatedAt=1719506382000" width="1000" height="auto" alt="" />

&nbsp;
Kaia's integration with the Pyth network, the largest first-party financial oracle solution that delivers real-time market data in a secure and transparent manner to over 65 blockchains, has been completed. The Pyth price feed is now live on Kaia, the largest Web3 ecosystem in Asia and fastest EVM Layer 1 public blockchain, boasting 1 second blocks, with immediate finality.&nbsp;

&nbsp;
<a href="https://pyth.network/price-feeds">[Pyth Price Feed]</a>

&nbsp;
The Kaia ecosystem is the result of a chain merge between Klaytn and Finschia, and is designed around the principles of "community," "sustainability," and "simplicity" as part of its mission to democratise blockchain technology for all. In line with these principles, the Pyth network provides developers building on Kaia with over 500 real-time price feeds for all major asset classes. Now, developers in the Kaia ecosystem will have simple, permissionless access to the price data they need to level up their services and serve the community. Underpinning this, Pyth's full oracle design ensures that Kaia's users will always enjoy a state-of-the-art on-chain experience with high frequency price updates and low latency.&nbsp;

&nbsp;
The deployment of the Pyth price feed through this integration is an important step towards launching the DeFi ecosystem on Kaia's high-performance, large-scale consumer environment. Real-time access to granular price feeds that reflect external markets is essential for reliable, high-throughput DeFi applications. We look forward to seeing quality DeFi applications onboarding the Kaia ecosystem based on Pyth's network capabilities.
&nbsp;
 
"Pyth's high-performance, extensive, and granular price feeds will be a key component in the creation of a vibrant and diverse DeFi ecosystem, while also unlocking greater creative possibilities for builders to innovate on Kaia."&nbsp;
- Sam Seo, Representative Director of Klaytn Foundation.
&nbsp;
<h3>About Pyth</h3>
<a href="https://linktr.ee/pythnetwork">Website</a> l <a href="https://linktr.ee/pythnetwork">X</a> l <a href="https://linktr.ee/pythnetwork">Oracle</a>
&nbsp;
Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 65 blockchains in a secure, transparent manner. Pyth supports 5400+ real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities.
&nbsp;
The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. The Pyth Network&rsquo;s innovative pull oracle design enables apps to "pull" the latest price onto their native chain on demand.
&nbsp;
In less than a year since the launch of its cross-chain pull oracle, the network has secured over $2.0B in total value. The Pyth Network has been used by DeFi protocols in over $500B in trading volume and over 360 on- and off-chain applications.
&nbsp;
For more information about Pyth, please visit the <a href="https://pyth.network">website</a> and <a href="https://docs.pyth.network">documentation</a>.

Pyth Price Feeds Launch on Kaia

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1719376732042.png?updatedAt=1719376734000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />

&nbsp;
We would like to inform you about the reward criteria for on-chain contributors who participated in the recent mainnet merge proposal &lsquo;<a href="https://www.finschia.io/disclosure/detail/390" data-href="https://www.finschia.io/disclosure/detail/390" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">FGP-23</a>.&rsquo; We have actively incorporated community feedback to finalize the new reward distribution criteria, please refer to the details below. (Previous reward criteria: <a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707181527796.pdf?updatedAt=1707181527000" data-href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707181527796.pdf?updatedAt=1707181527000" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">NEW TOKENOMICS&rsquo; Finschia Contributor Rewards</a>)
&nbsp;
<h1 name="84cc" class="graf graf--h3">Reward Volume and&nbsp;Target</h1>
<ul>
<li>Rewards: Total of 80 million KAIA (fund source: Kaia Ecosystem Fund; KEF)</li>
<li name="6eac" class="graf graf--li">Target: All FNSA holders who staked FNSA and participated in the merge proposal (FGP-23) governance vote</li>
</ul>
&nbsp;
<h1 name="1d52" class="graf graf--h3">Reward Criteria Based on Community Feedback</h1>
The initial reward payout criteria were initially based on &ldquo;80 million PDT (now KAIA) * (My staked volume / Total staked volume).&rdquo; After considering community feedback, we refined the reward policy to provide more benefits to long-term contributors to the Kaia ecosystem. This change ensures fair rewards and enhances the sustainability of the Kaia ecosystem.
&nbsp;
<ol>
<li>Empowering genuine contributors: The community suggested enhancing token value by focusing on those who truly contribute to the ecosystem with dedication and effort.&nbsp;</li>
<li>Rewarding long-term contributors: The community suggested recognizing long-term on-chain contributors to the Kaia ecosystem for their significant support. Since the introduction of FNSA staking, we have been acknowledging and rewarding individuals based on their contributions.</li>
<li>Encouraging continuous on-chain contributors: The community suggested that more rewards should be allocated to those who continue to contribute on-chain even after the Kaia ecosystem merge, acknowledging their consistent participation and dedication. Additionally, measures were suggested to prevent users from participating in the vote and then leaving the Kaia ecosystem. In response, we have adjusted the rewards: 40 million PDT (now KAIA) allocated for voting participation rewards, and the remaining 40 million PDT allocated for long-term contribution rewards.</li>
</ol>
&nbsp;
<section name="4742" class="section section--body">
<div class="section-divider"><hr class="section-divider" /></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
<h1 name="0ec2" class="graf graf--h4">▸ As-Is</h1>
Distribute 80 million KAIA based on the proportion of staked KAIA
<ul>
<li name="e719" class="graf graf--p">80 million KAIA at the conclusion of the FGP-23 vote* (My staked volume / Total staked volume)</li>
</ul>
&nbsp;
<h1 name="fbaf" class="graf graf--h4">▸ To-Be</h1>
(1) Distribute 40 million KAIA based on the proportion of staked KAIA
<ul>
<li name="6b29" class="graf graf--p">40 million KAIA at the conclusion of the FGP-23 vote * (My staked volume / Total staked volume)</li>
</ul>
&nbsp;
(2) Distribute up to 40 million KAIA
<ul>
<li name="ca79" class="graf graf--p">Payout based on on-chain contributions (for long-term holders and potential Kaia contributors)</li>
</ul>
<ul class="postList">
<ul class="postList">
<li name="192f" class="graf graf--li">Reward assessment period: Before the merge proposal vote &mdash; end of Kaia Portal Mission Epoch 1 (approx. 3 months after the issuance of the KAIA token)</li>
<li name="ce0c" class="graf graf--li">Payout: Distributed over 6 months, starting 1 month after the end of the reward assessment (rewards unlocked monthly at 15% &mdash; 15% &mdash; 15% &mdash; 15% &mdash; 20% &mdash; 20%)</li>
</ul>
</ul>
&nbsp;
(2&ndash;1) 10 million KAIA
<ul>
<li name="2158" class="graf graf--p">Higher weight to long-term FNSA stakers</li>
</ul>
<ul class="postList">
<ul class="postList">
<li name="774d" class="graf graf--li">Reward assessment period: 2023.04.15 &mdash; end of FNSA inflation</li>
<li name="ae42" class="graf graf--li">Reward payout: Distributed over 6 months, starting 1 month after the end of the reward assessment</li>
</ul>
</ul>
&nbsp;
(2&ndash;2) Up to 30 million KAIA
<ul>
<li name="7a58" class="graf graf--p">Payout proportionally based on contributions earned through participation in the Kaia Portal Mission</li>
</ul>
<ul>
<li style="list-style-type: none;">
<ul class="postList">
<li name="b58b" class="graf graf--li">Reward assessment period: End of Kaia Portal Mission Epoch 1 (approx. 3 months after the issuance of the KAIA token)</li>
</ul>
</li>
</ul>
<h5 name="d02b" class="graf graf--p">Note: If you do not participate in the Kaia Portal Mission (2&ndash;2), you will be excluded from claiming the 10 million KAIA rewards program (2&ndash;1).</h5>
&nbsp;
</div>
</div>
</section>
<section name="7b8e" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
By respecting suggestions from the community, we have further defined the reward distribution policy to provide more benefits to users who genuinely contribute to the Kaia ecosystem. We will continue to actively reflect the community&rsquo;s voices, maintain a fair and transparent reward system, and work towards the activation and stability of the Kaia ecosystem. We also plan to introduce Kaia guidelines related to on-chain services and the Kaia Portal for swapping FNSA to KAIA tokens shortly, so please stay tuned for updates.
</div>
</div>
</section>

Guidelines for KAIA Reward Criteria

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1719305350401.png?updatedAt=1719305353000" alt="" width="1000" height="auto" />

&nbsp;
The Klaytn Community Town Hall, organized monthly by the Klaytn Foundation, will be returning as the Kaia Community Town Hall!&nbsp;

&nbsp;
Community participation is crucial in the Kaia ecosystem, which is being built to become Asia's No. 1 blockchain and the largest Web3 governance in Asia. The unified Foundation aims for a circular chain of Kaia community engagement and benefit structures, and the interest, participation, and oversight of community members is one of the most important factors in building a healthy Kaia chain and governance.&nbsp;

&nbsp;
In order to increase the visibility of Kaia ecosystem participants, listen to their feedback, and communicate with them, the newly launched Kaia Townhall will focus on the news from Finschia DLT Foundation, as opposed to Klaytn alone. Therefore, the news of Klaytn, the Finschia DLT Foundation, and ecosystem partners will be delivered vividly every month, from the mouths of the respective representatives and partners.
&nbsp;
&nbsp;
<h2>First Resumption Schedule</h2>
<ul>
<li style="font-weight: 400;" aria-level="1">When: Wednesday, June 26 (held on the last Wednesday of each month)
<ul>
<li style="font-weight: 400;" aria-level="2">KR: 7:30pm KST - 8:30pm KST</li>
<li style="font-weight: 400;" aria-level="2">ENG: 9:00pm KST - 10:00pm KST</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">Where: <a href="http://discord.gg/kaiachain">Kaia Discord</a></li>
</ul>
 
&nbsp;
<h2>Topics and Agenda</h2>
Unlike regular AMAs, Kaia Community Town Halls are centered around presentations on the status of each part of Kaia, with a lead or council member from each major department giving a status update.&nbsp;

&nbsp;
<ul>
<li style="font-weight: 400;" aria-level="1">Monthly Recap</li>
<li style="font-weight: 400;" aria-level="1">June Kaia Ecosystem Highlights and Achievements Recap&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Merge Progress Update</li>
<li style="font-weight: 400;" aria-level="1">Ecosystem Updates</li>
<li style="font-weight: 400;" aria-level="1">Biz &amp; Gov Updates</li>
<li style="font-weight: 400;" aria-level="1">Tech Updates</li>
<li style="font-weight: 400;" aria-level="1">Marketing Updates&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">EN Community Q&amp;A</li>
</ul>

&nbsp;
As the <a href="https://klaytn.foundation/?p=19064">Kaia Mainnet launch gathers momentum</a>, the revived Kaia Community Town Hall will be a key point of communication between Kaia ecosystem participants and Kaia. We look forward to seeing you there. 
See you on the <a href="http://discord.gg/kaiachain">Kaia Discord</a> tomorrow!

Welcome to Kaia Community Townhall!

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1718871538181.png?updatedAt=1718871538000" width="1000" height="auto" alt="" />

&nbsp;
With the <a href="https://medium.com/lineblockchain/kaia-progress-update-cf334796fbc0">integration of the Klaytn and Finschia chains</a> actively underway, we've started recruiting Kaia Dev Ambassadors to work with the Kaia team and the upcoming Kaia chain!

&nbsp;
The <a href="https://klaytn.foundation/?p=16788">Klaytn Dev Ambassador Program</a>, which was launched in January 2023 and has been going strong for over a year and a half, will be rebranded as the Kaia Ambassador Program. With a wealth of benefits and opportunities to contribute to the growth of the Kaia blockchain, the Kaia Ambassador Program is now open to applicants who are interested in growing with the community within the Kaia blockchain ecosystem, which has been significantly expanded by the integration of Klaytn and Finschia.&nbsp;
&nbsp;
<h2></h2>
<h2>Kaia Ambassador role and benefits</h2>
Starting in August 2024 and ending in January 2025 (*exact dates to be announced), Kaia Ambassador will spend six months promoting Kaia. Kaia Ambassadors are recruited in two categories: Dev Ambassadors and Brand Ambassadors.&nbsp;

&nbsp;
<h2>Kaia Dev Ambassador</h2>
Kaia Dev Ambassadors perform development tasks within a designated development project assigned to each mentor.&nbsp;
&nbsp;
Besides, Kaia Dev Ambassadors are available to answer questions that come up in <a href="https://discord.gg/REqMyyMNpj">Discord</a> or the <a href="https://forum.klaytn.foundation/">Kaia Developer Forums</a>. This is a moderator role for the Kaia Dev community, and there will always be a point of contact with the Kaia Dev team.&nbsp;
&nbsp;
&nbsp;
Throughout all of this, Kaia Dev Ambassador will receive hands-on mentorship from leading blockchain developers. We'll also help you grow your research and development skills, including publishing technical articles under your name with the mentorship or collaboration of Kaia developers.&nbsp;
&nbsp;
<a href="https://docs.google.com/forms/d/e/1FAIpQLSdVTUwBrHn1rB-gtrnHmNKeLPiNzJygv9SkqX1wOeNyEZExfg/viewform">[Apply Dev Ambassador]</a>
<h2></h2>
&nbsp;
<h2>Kaia Brand Ambassador</h2>
Kaia Brand Ambassadors will be officially qualified to represent Kaia at local meetups and blockchain-related on- and offline events. As such, Kaia&nbsp; Ambassadors will play an important role in spreading the word about Kaia through official Kaia channels.
&nbsp;
Kaia Brand Ambassador can also share the various Kaia brand news featured on our official channels on your own social media platforms. Continue to create and share Kaia-related content on your social channels and communities.
&nbsp;
<a href="https://docs.google.com/forms/d/e/1FAIpQLSeakxYHvKNxVUd9t3oZWL6oCW85uW8tSjK90vX9jiM0GtkAWg/viewform">[Apply Brand Ambassador]</a>
 
&nbsp;
Through it all, Kaia Ambassadors will find perks just for Kaia Dev Ambassadors.&nbsp;
<ul>
<li style="font-weight: 400;" aria-level="1">KAIA Rewards</li>
<ul>
<li style="font-weight: 400;" aria-level="2">We plan to provide ambassadors with appropriate rewards based on their individual contributions.</li>
</ul>
<li style="font-weight: 400;" aria-level="1">Issue certificate NFTs and link to employment</li>
<ul>
<li style="font-weight: 400;" aria-level="2">Upon completion, you will receive a certificate as an NFT. In addition, successful candidates will be given internships and job opportunities.&nbsp;</li>
</ul>
</ul>
&nbsp;
 
<h2>Recruitment Schedule</h2>
The timeline is subject to slight changes. <a href="https://spiritual-effect-299.notion.site/Kaia-Ambassador-Program-1c2cf90a058145e19db270bd94766e09">The official recruitment page</a> will be updated in real time.&nbsp;
<ul>
<li style="font-weight: 400;" aria-level="1">Application period: 19 June 2024 - 30 June 2024</li>
<li style="font-weight: 400;" aria-level="1">Video interview with Kaia team: 1 July 2024 to 18 July 2024</li>
<li style="font-weight: 400;" aria-level="1">Final selection announcement: 19 July 2024</li>
</ul>
 
&nbsp;
You can find more information <a href="https://spiritual-effect-299.notion.site/Kaia-Ambassador-Program-1c2cf90a058145e19db270bd94766e09">here</a> about the Kaia Ambassador recruitment. For other official Kaia channels, please see below.
&nbsp;&nbsp;<a href="https://finschia.io/">Website</a> |<a href="https://developer.klaytn.foundation/"> Developer Hub</a> |&nbsp;<a href="https://medium.com/lineblockchain">Medium</a> | <a href="https://x.com/finschia">Twitter</a> |&nbsp;<a href="http://discord.gg/kaiachain">Discord</a> |&nbsp;<a href="https://t.me/Klaytn_EN">Telegram</a>

Are you ready to build on Kaia?

Hello, this is the Finschia DLT Foundation.
&nbsp;
Recently, there have been websites impersonating Finschia. Please be aware that any URLs other than our official website,&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://finschia.io/" delay="150" data-sk="tooltip_parent" href="https://finschia.io/" rel="noopener noreferrer">https://finschia.io/</a>, are not operated by the Finschia DLT Foundation.
&nbsp;
Specifically, the FNSA &gt; KAIA swap is not yet supported, so please be cautious and do not send FNSA to unverified addresses.
&nbsp;
To ensure your safety, please follow these guidelines:
<ul>
<li>Always check the URL to ensure you are visiting our official website.</li>
<li>Do not share your private keys or personal information with anyone.</li>
<li>If you encounter a suspicious website or activity, please report it to us immediately at&nbsp;<a target="_blank" class="c-link" data-stringify-link="http://discord.gg/kaiachain" delay="150" data-sk="tooltip_parent" href="http://discord.gg/kaiachain" rel="noopener noreferrer">http://discord.gg/kaiachain</a>.</li>
</ul>
&nbsp;
The Finschia DLT Foundation shares news and updates only through official channels.
&nbsp;
We are the blockchain for all.
&nbsp;
Finschia DLT Foundation

Important Security Notice: Beware of Impersonation Websites

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1718266559655.png?updatedAt=1718266560000" width="1000" height="auto" alt="" />

&nbsp;
It&rsquo;s been quite a few weeks since we announced <a href="https://medium.com/klaytn/say-hello-to-kaia-4182ccafe456">Kaia, the name of our new chain</a>. Integration work has been progressing steadily, but a chain merge of this scale has never been attempted before, so there&rsquo;s still a ton that needs to be done. Here&rsquo;s an update on the progress that we&rsquo;ve made as we prepare to launch into new frontiers!
&nbsp;
Over the past few weeks, key partners that will form the core of Kaia&rsquo;s DeFi infrastructure and ecosystem have been onboarded onto Klaytn, and will be live on Kaia once the mainnet launches. These partners include Capybara DEX, DragonSwap, Flipside, KaiaSwap, Pyth, LayerZero, Stargate, and Wormhole, with more to come. A long-standing ecosystem partner has also begun work on a Kaia block explorer, which will be ready on day one as well.
&nbsp;
The merging of our community and social platforms have also begun, starting with <a href="http://discord.gg/kaiachain">Discord</a>. Preparations have also been made for the Kaia blog and social media accounts, which will be launched closer to the date when the mainnet will go live.
As for core development, we have completed work on the <a href="https://medium.com/klaytn/kaia-testnet-kairos-launch-96631145de87">Kairos testnet</a>, which has just gone live. Development work for the Kaia mainnet is well underway, with the first of multiple security audits having been completed. However, the launch of the Kaia mainnet will need to be pushed back slightly to Q3 2024 as the registration process for the Kaia DLT Foundation is taking longer than initially expected.
&nbsp;
The reason the foundation needs to be established before the mainnet can be launched is because we firmly believe that regulatory compliance is necessary for the creation of a blockchain ecosystem that can be widely adopted across Asia with minimal roadblocks.&nbsp;
&nbsp;

To this end, we have been working closely with the Abu Dhabi Global Market (ADGM) to ensure that the Kaia DLT Foundation is established in accordance with their carefully-constructed <a href="https://www.adgm.com/dlt-foundations">regulatory framework</a>, which is designed to encourage the healthy growth of the blockchain industry. Our aim is for Kaia DLT Foundation to be a leading example of how the blockchain industry can work hand-in-hand with regulatory authorities to bring the benefits of Web3 to the broader population.
&nbsp;
On this front, we have also been working on two initiatives that will be released together with the Kaia mainnet - the Kaia Portal and public delegation capabilities.
&nbsp;
<h1>Kaia Portal - a gateway of rewards for Kaia users</h1>
Kaia Portal is an official web service provided by Kaia DLT Foundation.It will serve as a gateway to the Kaia ecosystem, giving users quick and easy access to frequently-used functions while also rewarding on-chain activities through a point system. Kaia Portal will provide three primary features:
<ul>
<li style="font-weight: 400;" aria-level="1">FNSA to KAIA swap and airdrop services</li>
<li style="font-weight: 400;" aria-level="1">DeFi-centric missions for users to earn points that can be redeemed for rewards</li>
<li style="font-weight: 400;" aria-level="1">On-ramp, swap, bridge and farming services</li>
</ul>
&nbsp;
Note: The screen captures below are taken from a development build of Kaia Portal, the actual release may have some UI/UX changes.&nbsp;
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1718266643959.png?updatedAt=1718266644000" width="1000" height="auto" alt="" />
FNSA holders will be able to swap their holdings to KAIA through Kaia Portal.

&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1718266631730.png?updatedAt=1718266632000" width="1000" height="auto" alt="" />
Kaia Portal will also introduce Missions for users to participate in for points and rewards.
&nbsp;
Kaia Portal will first be launched with basic DeFi functionality as well as the FNSA to KAIA token swap and airdrop feature to enable the seamless onboarding of Finschia users. To learn more about how to swap your FNSA to KAIA, please <a href="https://medium.com/klaytn/preparations-for-the-upcoming-kaia-chain-token-swap-dff4eda55f7d">read the guide here</a>. Post-launch, we will continue to develop Kaia Portal to add more functionality and on-chain activities for users to participate in and earn rewards.
&nbsp;
As a one-stop portal, Kaia Portal will also offer builders an easy channel to access Kaia&rsquo;s core user base, encouraging the growth and success of DApps on Kaia, which in turn will create a more vibrant ecosystem for users.
&nbsp;
<h1>Public Delegation - the democratization of Kaia governance</h1>
The launch of the Kaia mainnet will also see the introduction of Public Delegation, which will allow users to delegate their KAIA to their preferred validator. Accessible through Kaia Square, Public Delegation will enable KAIA holders to participate in Kaia governance through the delegation of their voting power, while also earning their share of the block rewards earned by the validator.
&nbsp;
Previously, Klaytn&rsquo;s Public Staking service required each GC member to independently develop public staking functionality, which was not only time and resource intensive but also led to fragmentation in implementation. With Public Delegation, Kaia validators will be able to tap on a library of open source smart contracts to implement the delegation feature, ensuring greater consistency and standardization while also simplifying the implementation of the feature. This is expected to result in a wider selection of validators for users to delegate to, while also encouraging healthy competition between validators which will undoubtedly be beneficial for end users.
&nbsp;
After the initial launch of Public Delegation, the foundation will jointly explore further improvements such as a unified standard for LST, support for re-delegation, and more with the Kaia Governance Council members.&nbsp;

Kaia Progress and Features Update

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1718031485150.png?updatedAt=1718031486000" width="1000" height="auto" alt="" />
&nbsp;
We are pleased to announce the launch of Kaia v1.0.0 Testnet &lsquo;Kairos&rsquo;.
&nbsp;
Kaia v1.0.0 is the first official release of the Kaia chain. The Kaia network starts by transitioning the Klaytn network at a transition hardfork. At the moment the hardfork is applied, the Klaytn Baobab testnet will transition into the Kairos testnet. The Kaia Transition hardfork and KIP-160 hardfork configurations are included in this version. For the mainnet hardfork block number, it will be announced with the next version.
&nbsp;
IMPORTANT: Kaia v1.0.0 contains a hardfork upgrade that results in changes that are not backward compatible. All testnet nodes must be upgraded to v1.0.0 or later before the target block number.
&nbsp;
<h1 id="cbc9" class="nj nk fp be nl nm nn no np nq nr ns nt nu nv nw nx ny nz oa ob oc od oe of og bj" data-selectable-paragraph="">Hardfork schedule for the testnet</h1>
<ul class="">
<li id="3912" class="ml mm fp mn b mo oh mq mr ms oi mu mv mw oj my mz na ok nc nd ne ol ng nh ni om on oo bj" data-selectable-paragraph="">Block number: 156660000 (estimated time: 13 Jun, 10:13 UTC+9)</li>
<li id="5c86" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph="">Hardfork contents: Kaia Transition hardfork, KIP-160 hardfork</li>
</ul>
&nbsp;
<h1 id="87f5" class="nj nk fp be nl nm nn no np nq nr ns nt nu nv nw nx ny nz oa ob oc od oe of og bj" data-selectable-paragraph="">Kaia&rsquo;s feature highlight</h1>
<ul class="">
<li id="5d1a" class="ml mm fp mn b mo oh mq mr ms oi mu mv mw oj my mz na ok nc nd ne ol ng nh ni om on oo bj" data-selectable-paragraph="">KAIA is the native token of the Kaia chain, used for paying gas fees. KAIA tokens are distributed every block to block validators and community funds to support node operations and ecosystem growth. The validator portion of the block reward comprises the proposer reward for participating in block creation and the staking rewards for the staking KAIA, recognizing both operational and economic contributions.</li>
<li id="0302" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph="">Kaia chain, utilizing IBFT (Istanbul BFT) consensus, aims to be an enterprise-grade blockchain prioritizing secure and efficient service delivery. Kaia blocks are generated once every second and are instantly finalized, avoiding temporal uncertainty. In addition, Kaia&rsquo;s specialized node roles (CN, PN, EN) ensure stable and efficient network operation.</li>
<li id="4fcd" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph="">Kaia chain extends the concept of EOA (Externally Owned Account) to include private key replacement functionality, advanced multi-sig, and role-based access control, and practical account management without the need for smart contracts. In addition, the platform supports the Fee Delegation feature, allowing service providers to sponsor service users for gas without the need for smart contracts.</li>
<li id="c3d1" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph="">On-chain governance drives the Kaia chain. The validators&rsquo; voting powers are calculated from the staked KAIA amounts in the staking smart contracts. Based on these voting powers, validators can vote on network configuration changes, fund disbursement, and other agendas, deciding the chain&rsquo;s future. Anyone can transparently verify that the governance process is transparently happening on-chain smart contracts.</li>
<li id="17ad" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph="">The Kaia chain utilizes randomized block proposer selection to ensure fairness and mitigate DoS attacks. A VRF (Verifiable Random Function) based on BLS signatures produces random numbers for every block that decides the next block proposer. Since the random numbers are derived from validators&rsquo; BLS private keys, it is impossible for any entity to predict them in advance, yet they can be verified against the published BLS public keys.</li>
<li id="91fd" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph="">Users can delegate their KAIA tokens to validators. By delegating KAIA tokens, the user gives the validator more voting power and helps them earn the block producer qualification. Then, the validator shares the block rewards with the users according to their delegation contributions.</li>
<li id="0305" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph="">The priority fee mechanism is introduced to the Kaia chain. When transactions are included in a block, they are first sorted in the order of highest priority fee, then the order of arrival time on the consensus node. Transaction gas fees, comprising the base fee and priority fee, are burned up to the block proposer&rsquo;s reward limit, contributing to the token&rsquo;s deflationary model and increasing its value.</li>
</ul>
<div class="ab ca ou ov ow ox" role="separator"></div>
&nbsp;
The Kaia v1.0.0 binary can be downloaded from the links below. For more details, refer to the&nbsp;<a class="af pc" href="https://github.com/kaiachain/kaia/releases/tag/v1.0.0" rel="noopener ugc nofollow" target="_blank">GitHub release note</a>. The binary executables are distributed for this version. For docker images, tarball, and rpm packages, it will be published in the following versions.
<ul class="">
<li id="7a27" class="ml mm fp mn b mo mp mq mr ms mt mu mv mw mx my mz na nb nc nd ne nf ng nh ni om on oo bj" data-selectable-paragraph="">linux/amd64:&nbsp;<a class="af pc" href="https://packages.klaytn.net/baobab/kaia-v1.0.0/kcn-v1.0.0-linux-amd64" rel="noopener ugc nofollow" target="_blank">kcn</a>&nbsp;<a class="af pc" href="https://packages.klaytn.net/baobab/kaia-v1.0.0/kpn-v1.0.0-linux-amd64" rel="noopener ugc nofollow" target="_blank">kpn</a>&nbsp;<a class="af pc" href="https://packages.klaytn.net/baobab/kaia-v1.0.0/ken-v1.0.0-linux-amd64" rel="noopener ugc nofollow" target="_blank">ken</a></li>
</ul>
&nbsp;
You can test the Kaia RPC through the public JSON-RPC endpoints below. (Note: Previous URLs remain active for service continuity.)
<ul class="">
<li id="1596" class="ml mm fp mn b mo mp mq mr ms mt mu mv mw mx my mz na nb nc nd ne nf ng nh ni om on oo bj" data-selectable-paragraph=""><a class="af pc" href="https://public-en-kairos.node.kaia.io/" target="_blank" rel="noopener">https://public-en-kairos.node.kaia.io</a></li>
<li id="4a47" class="ml mm fp mn b mo op mq mr ms oq mu mv mw or my mz na os nc nd ne ot ng nh ni om on oo bj" data-selectable-paragraph=""><a class="af pc" href="https://public-en-baobab.klaytn.net/" rel="noopener ugc nofollow" target="_blank">https://public-en-baobab.klaytn.net</a></li>
</ul>

Kaia Testnet ‘Kairos’ Launch

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1717987924115.png?updatedAt=1717987924000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
Hello, this is the Finschia DLT Foundation.
&nbsp;
Today, the Ebony testnet will be upgraded to version&nbsp;4.0, and the details of this upgrade are as follows:
&nbsp;
<ul>
<li>Purpose: To add token swap and bridge functions for the launch of the Kaia testnet</li>
<li>Upgrade Details: Temporary suspension of the Ebony test followed by an upgrade of all node binaries</li>
<li>Upgrade Time: June 10, 2024 (Mon) 14:00 ~ 15:00 (KST)</li>
</ul>
<h5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ❖ End time is subject to change depending on the technical situation</h5>
<ul>
<li>Scope of Impact: The Ebony testnet will be temporarily suspended, and endpoints may not function properly. Ebony-related services may also be unavailable or may not function properly.&nbsp;</li>
</ul>
<h5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ❖ Please refer to the individual service notices for more details on service suspension and/or resumption.</h5>
&nbsp;
We apologize for any inconvenience caused and will do our best to complete the upgrade as quickly as possible to normalize the service.
&nbsp;
Finschia DLT Foundation

Ebony Testnet Upgrade to Version 4.0

Hello, this is the Finschia DLT Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on June 3, 2024. The purpose of this use is for the Foundation's marketing activities, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia DLT Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Details]
▸ Applicable Date:&nbsp;Aplicable Date:&nbsp;2024.06.03. 11:00:00&nbsp;~ 2024.06.03. 23:59:59 (GST)
▸ Purpose of Use: Marketing and Promotion
▸ Amount of Use: 51&nbsp;FNSA
▸ Result (Blockchain Explorer): 
1 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/06926D6E0FBAFD39A12C14BC54E18108FB296EB8E162FC5E80E9B20D4160F9EF?height=64836608" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/06926D6E0FBAFD39A12C14BC54E18108FB296EB8E162FC5E80E9B20D4160F9EF?height=64836608" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/06926D6E0FBAFD39A12C14BC54E18108FB296EB8E162FC5E80E9B20D4160F9EF?height=64836608</a> 50 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/F11A67B907B3163700FBCD8950C2EDEF75E888C272D45BF6DCBF872CFBACEC3F?height=64836642" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/F11A67B907B3163700FBCD8950C2EDEF75E888C272D45BF6DCBF872CFBACEC3F?height=64836642" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/F11A67B907B3163700FBCD8950C2EDEF75E888C272D45BF6DCBF872CFBACEC3F?height=64836642</a>

&nbsp;
[Note]
▸&nbsp;The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia DLT Foundation does not hold separate pre-issued amounts.
▸&nbsp;No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.
&nbsp;
We are the blockchain for all.
Finschia DLT Foundation
&nbsp;

Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia DLT Foundation license.

Announcement on the use of Reserve FINSCHIA (2024.06.03.) 

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1717140712196.png?updatedAt=1717140713000" width="1000" height="auto" alt="" />
&nbsp;

We've decided to extend the receiving and reviewing period for Community Committee proposals to allow for broader community input and deeper consideration of the proposals. This is to ensure that all ideas and opinions from the Kaia community are fully considered.
&nbsp;
We appreciate your feedback during this time to ensure your voice is heard in important decisions for the growth and development of the Kaia ecosystem.&nbsp;&nbsp;

&nbsp;
<h1>Timeline </h1>
*Schedule is subject to change based on chain integration schedule, etc.&nbsp;
&nbsp;
<h3>~ June 14, 2024&nbsp;</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">Receive proposals&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Reviewing proposals and listening to ecosystem partners and community feedback</li>
</ul>
Applicants can listen to feedback from ecosystem partners and the community through AMAs and more, and plan to improve their proposals based on community input. In this case, Applicants can update it through the thread of the registered proposal post.
Applicants who were unable to submit a proposal previously can still submit additional proposals during this period.&nbsp;
&nbsp;
<h3>June 15, 2024 ~ June 21, 2024&nbsp;</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">&nbsp;Shortlist for &lsquo;Kaia Community Committee&rsquo;</li>
</ul>
Applicants will be interviewed by a panel of evaluators based on their proposal to determine which candidates meet the evaluation criteria. Applicants should describe how they plan to improve their proposal based on ecosystem partner and community feedback, if any.&nbsp;
Evaluators&nbsp;
<ul>
<li style="font-weight: 400;" aria-level="1">Doo Wan Nam, COO of Stablelabs</li>
<li style="font-weight: 400;" aria-level="1">Jun, Lead of Pgov</li>
<li style="font-weight: 400;" aria-level="1">Uno, VP of Business at Klaytn Foundation</li>
<li style="font-weight: 400;" aria-level="1">Woo Seok Kim, VP of Business at Finschia DLT Foundation</li>
</ul>
&nbsp;
<h3>June 22, 2024 ~ June 30, 2024&nbsp;</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">Finalize Kaia Community Committee proposal with shortlist for &lsquo;Kaia Community Committee&rsquo;</li>
</ul>
&nbsp;
<h3>July 1, 2024 ~ July 7, 2024</h3>
<ul>
<li aria-level="1">Kaia Governance Council Voting Agenda Registration The voting schedule is subject to change based on the merge schedule.&nbsp;</li>
</ul>
&nbsp;
<h3>July 8, 2024 ~ July 14, 2024</h3>
<ul>
<li aria-level="1">Kaia Governance Council Voting Underway</li>
</ul>
The voting schedule is subject to change based on the merge schedule.&nbsp;
&nbsp;
<h3>&nbsp;July 15, 2024</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">Announcing the results of the vote (and launching the Kaia Community Committee if approved)</li>
</ul>

Announcing an extended period for receiving and reviewing community committee proposals

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1716786749087.png?updatedAt=1716786749000" width="1000" height="auto" alt="" />
&nbsp;
On the 26th, we provided guidance on&nbsp;<a href="https://medium.com/lineblockchain/preparations-for-the-upcoming-kaia-chain-token-swap-d9ccd853eda4" class="external-link" rel="nofollow">the token swap method following the launch of the new Kaia chain</a>. As previously mentioned, the swap schedule and availability may vary depending on each exchange's policy. Therefore, if a specific exchange does not support the swap, the foundation will coordinate with the exchange to terminate the pre-trade support for FSNA and enable asset withdrawal to protect user assets.

&nbsp;
In this context, the announcement regarding the suspension of FINSCHIA (FNSA) trading pairs on BitMart, LBank, and Bitget has been posted today. If you hold FINSCHIA (FNSA) on these exchanges, please withdraw your FINSCHIA (FNSA) in advance to a wallet that supports FINSCHIA (FNSA), such as DOSI Vault, or to another exchange where FINSCHIA (FNSA) is listed.
<ul>
<li>BitMart Announcement:&nbsp;<a href="https://support.bitmart.com/hc/en-us/articles/26067862692379" class="external-link" rel="nofollow">https://support.bitmart.com/hc/en-us/articles/26067862692379</a></li>
<li>LBank Announcement:&nbsp;<a class="external-link" href="https://support.lbank.com/hc/en-gb/articles/32980182941081" rel="nofollow">https://support.lbank.com/hc/en-gb/articles/32980182941081</a><a href="https://support.lbank.com/hc/zh-tw/articles/32980182941081" class="external-link" rel="nofollow"></a></li>
<li>Bitget Announcement: <a target="_blank" class="c-link" data-stringify-link="https://www.bitget.com/en-GB/support/articles/12560603810261" delay="150" data-sk="tooltip_parent" href="https://www.bitget.com/en-GB/support/articles/12560603810261" rel="noopener noreferrer">https://www.bitget.com/en-GB/support/articles/12560603810261</a></li>
<li>Check the list of exchanges where FINSCHIA (FNSA) is listed:&nbsp;<a href="https://www.finschia.io/finschia/" class="external-link" rel="nofollow">https://www.finschia.io/finschia/</a></li>
</ul>

&nbsp;
For users holding FINSCHIA (FSNA), please pay close attention to the announcements from the respective exchanges. The Kaia Foundation will strive to successfully complete the chain integration according to major milestones and to carry out the processes for the new Kaia chain launch as planned by the end of June.

&nbsp;
News related to the Kaia Foundation is being updated in real-time via Discord, so please join the <a href="https://discord.com/invite/2WKdP9a8HP">Kaia Discord Channel</a>. You can also quickly receive answers to other inquiries through the Discord channel.

&nbsp;
The Kaia Foundation will continuously work to build and expand a healthy blockchain ecosystem. We look forward to your participation in Kaia's journey to become Asia's No.1 Web3 platform.

&nbsp;
Thank you.

FNSA to be de-listed on some exchanges in preparation for the token swap (Updated)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1716540333445.png?updatedAt=1716540334000" width="1000" height="auto" alt="" />
&nbsp;

*Note: All dates and details are preliminary and are subject to change, and we will provide final details as we approach Kaia chain&rsquo;s launch.

&nbsp;
In January, we proposed the chain merge of Klaytn and Finschia and are currently working on the launch of Kaia. We are working to create a technical infrastructure that combines the best of both Finschia and Klaytn, aiming for an end-of-June launch

&nbsp;
Although key technologies from both Finschia and Klaytn will be integrated, the Kaia chain will initially launch on top of the Klaytn network. Therefore, KLAY holders will not need to perform a separate token swap, but FNSA holders will need to swap to KAIA tokens. The token swap will be available through the Kaia Portal, built by the Kaia Foundation and available at the same time as the Kaia Chain launch. In this guide, you'll learn how to swap FNSA tokens on the Finschia chain for KAIA tokens on the Kaia chain ahead of the new chain launch.&nbsp;

&nbsp;
<h2>Prerequisites</h2>
For the purposes of this guide, "swap" refers to the ability to swap FNSA on the Finschia chain for KAIA tokens on the Kaia chain. Once the swap is completed on Finschia, the KAIA tokens will be transferred to the Kaia chain via a bridge provided by the Kaia Portal. While the process involves both chains, the Kaia Portal simplifies performing all swaps on a single webpage.

&nbsp;
In order to perform the swap functions below, you will need an account on the upcoming Kaia chain, and the swap will require a Finschia wallet. The supported wallet types are as follows&nbsp;
*Note: The wallet types below are the types of Finschia wallets supported during the token swap process, and the Kaia Portal will also support Klaytn's existing representative wallets.
<ul>
<li style="font-weight: 400;" aria-level="1">Keplr</li>
<li style="font-weight: 400;" aria-level="1">DOSI Vault extension &amp; mobile app</li>
<li style="font-weight: 400;" aria-level="1">Neopin</li>
<li style="font-weight: 400;" aria-level="1">Cosmostation</li>
</ul>

&nbsp;
<h2>Token Swap Steps</h2>
*Note: The attached image below is a sample Kaia Portal screen for illustrative purposes only, and some UI and UX changes may occur after the official launch.&nbsp;

&nbsp;
<ol>
<li style="font-weight: 400;" aria-level="1">Access the Kaia Portal.</li>
<li style="font-weight: 400;" aria-level="1">Connect the wallet that holds your FNSA.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Enter the address of the recipient account on the Kaia mainnet where you want to store your KAIA tokens.&nbsp;
<ol style="list-style-type: lower-alpha;">
<li style="font-weight: 400;" aria-level="2">We recommend that you pre-set the wallet to receive KAIA token by referring to the supported wallets listed in this guide.&nbsp;</li>
</ol>
</li>
<li style="font-weight: 400;" aria-level="1">Enter the quantity of FNSA to be swapped. 
<ol style="list-style-type: lower-alpha;">
<li style="font-weight: 400;" aria-level="1">Once the swap is complete, it is irreversible. We recommend that you confirm and enter the correct quantity.</li>
</ol>
</li>
<li style="font-weight: 400;" aria-level="1">Request the swap.
<ol style="list-style-type: lower-alpha;">
<li style="font-weight: 400;" aria-level="1">There is a waiting period before the swap is finalized. This is to allow time to react in case of unusual circumstances. A latency of a few tens of minutes is expected.Once the waiting period is complete, you will be able to claim KAIA tokens from the Kaia chain. Claims are executed automatically, so you don't need to prepare transaction costs in advance for your Kaia Chain account.</li>
</ol>
</li>
</ol>
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1718117765411.png?updatedAt=1718117766000" width="1000" height="auto" alt="" />
6. You can also check the progress of your swap in the Kaia Portal.
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1718117776092.png?updatedAt=1718117776000" width="1000" height="auto" alt="" />
&nbsp;
<h2></h2>
<h2>Appendix: How user asset movement works</h2>
When the Kaia Chain is launched, the bridge contract of the Kaia Chain will be issued KAIA tokens with a value equal to the circulating supply of FNSA tokens. The tokens issued to that contract can only be unlocked through the FNSA -&gt; KAIA swap process and cannot be transferred arbitrarily by anyone, including the Foundation. As each user performs the FNSA -&gt; KAIA swap, a small amount of the locked supply is released.
&nbsp;
During the transition from FNSA to KAIA, the Finschia chain will see approximately 148 times the quantity change. This process creates tokens on the Finschia chain that are temporarily equal in value to KAIA, which only exist temporarily and are burned when a bridge makes an unlock request to the Kaia chain. Requests on the bridge are only one-way from the Finschia chain to the Kaia chain, and the FNSA &lt;&gt; KAIA exchange rate and maximum exchange amount are pre-recorded in Finschia Genesis.
&nbsp;
When KAIA tokens are moved from the Finschia chain to the Kaia chain, the bridge is responsible for checking the integrity of the token movement request. During this process, the KAIA tokens are temporarily locked on the bridge, and if the check completes successfully, they are moved to the user's designated wallet on the Kaia chain.
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1716540821381.png?updatedAt=1716540822000" width="1000" height="auto" alt="" />
&nbsp;
<h2>FAQ</h2>
<ul>
<li style="font-weight: 400;" aria-level="1">
<h3>Is Kaia Portal secure?</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">Kaia Portal is official infrastructure provided by the Kaia Foundation.</li>
<li style="font-weight: 400;" aria-level="2">The Finschia DLT Foundation and Klaytn are conducting joint development and testing over the coming months to provide a stable and complete swap service. We will also work with a reputable audit firm to ensure the service's reliability before its official launch.</li>
</ul>
<li style="font-weight: 400;" aria-level="1">
<h3>When will swaps be available?</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">The FNSA to KAIA token swap feature will be available at the same time as the Kaia Portal launch. The Kaia Portal will go live with the mainnet launch in late June, with more details to follow.&nbsp;</li>
</ul>
<li style="font-weight: 400;" aria-level="1">
<h3>Will the swap process incur gas fees?</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">We understand that some gas fees are necessary for the stable operation of the chain, especially when a lot of funds are being transferred, such as the swap function described in this guide, but we hope you understand that gas fees are a minimum security factor for stability.</li>
</ul>
<li style="font-weight: 400;" aria-level="1">
<h3>Do I need to pay any additional service fees?</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">When Finschia Chain users swap tokens using the Kaia Foundation's official bridge, there are no additional service fees other than a small gas fee for the token conversion request.&nbsp;</li>
</ul>
<li style="font-weight: 400;" aria-level="1">
<h3>Are there any restrictions on the use of swaps?</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">In order for the service to operate reliably, we need to take measures to prevent and respond to contingencies such as malicious use. To this end, we may introduce a minimum default transfer delay.&nbsp;</li>
<li style="font-weight: 400;" aria-level="2">In this case, users will receive KAIA token after that time has elapsed when executing a swap. Other detailed operational policies will be announced at a later date.</li>
</ul>
<li style="font-weight: 400;" aria-level="1">
<h3>Can I use KAIA token on the Finschia mainnet?</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">In principle, KAIA is only distributed on the Kaia Mainnet. We will announce the use of KAIA token on the Finschia Mainnet at a later date.</li>
</ul>
<li style="font-weight: 400;" aria-level="1">
<h3>Swap Service Operators</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">We recommend that you only run swaps through the Kaia Portal, which is officially provided by the Kaia Foundation. Please note that the Foundation is not responsible for any other methods used.&nbsp;</li>
</ul>
<li style="font-weight: 400;" aria-level="1">
<h3>How is the swap process carried out if I hold FNSA tokens on an exchange?</h3>
</li>
<ul>
<li style="font-weight: 400;" aria-level="2">If you hold FNSA tokens on an exchange, the swap schedule and availability may vary according to each exchange's policies. Therefore, if a specific exchange does not support the swap, the foundation will coordinate with the exchange to cease pre-trade support for FNSA and ensure that asset withdrawals are possible to protect user assets.&nbsp;</li>
<li style="font-weight: 400;" aria-level="2">Thus, users holding FNSA on an exchange should carefully check the exchange's announcements and, if necessary, withdraw their assets and proceed with the swap directly through the Kaia Portal.</li>
</ul>
</ul>

Preparations for the Upcoming Kaia Chain Token Swap

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1716196489498.png?updatedAt=1716196490000" alt="" />
&nbsp;
In January, we proposed the chain merge of Klaytn and Finschia, and are currently working on the launch of Kaia. Kaia is committed to building Asia's largest governance based on decentralization and interoperability. To achieve this, we are introducing Kaia's Community Committee to serve as a catalyst for more community participation and checks and balances.

&nbsp;
The Kaia Community Committee is a subset of the Kaia Governance Council, which is responsible for developing and executing new projects and initiatives using community ideas. By working in conjunction with the Governance Council, which has limited participation from smaller communities or individuals, the Community Committee is expected to make a significant contribution to building a more empowered and autonomous Kaia ecosystem.&nbsp;

&nbsp;
Community Committees are organized into two main groups: Chairman and Members. Chairman applicants are responsible for organizing the members of the committees they want to join, and publicly submit their proposals, including ideas and budgets, to the forum. After a first round of review, the finalized proposal will be put to a vote by the Governance Council. If passed, the Community Council will begin operating under that proposal for a period of one year, with the official launch of Kaia Chain,&nbsp; which may vary depending on the voted proposal content. More details can be found in the <a href="https://govforum.klaytn.foundation/t/kaia-community-committee-request-for-proposals/831">full proposal</a>.&nbsp;

&nbsp;
As we aim to build the largest governance chain in Asia, the Kaia ecosystem needs more ideas and participation from the community. We look forward to your interest and participation in the Community Committees program and hope to build a robust Kaia ecosystem together.&nbsp;
&nbsp;

<h1>FAQ</h1>
<ul>
<li style="font-weight: 400;" aria-level="1">
<h3>How long will the program run for?</h3>
<ul>
<li style="font-weight: 400;" aria-level="2">The program will launch simultaneously with the Kaia Chain launch. Its initial period of operation is one year, after which the Governance Council will vote to extend it.</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">
<h3>Are there any sector restrictions for community committees to propose?</h3>
<ul>
<li style="font-weight: 400;" aria-level="2">You can include any topic as long as it's an idea that the Kaia community has input on and can contribute to the ecosystem. However, all selections will be decided by a governance vote.&nbsp;</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">
<h3>What are the eligibility requirements for Chairman candidates?</h3>
<ul>
<li style="font-weight: 400;" aria-level="2">A Chairman candidate submitting a proposal must be an entity with at least two years of experience launching and running a community-related business or project in the blockchain market, including designing and running a DAO organization.</li>
<li style="font-weight: 400;" aria-level="2">However, the members that make up a Chairman candidate can be individuals.&nbsp;</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">
<h3>How is the budget for the program allocated?</h3>
<ul>
<li style="font-weight: 400;" aria-level="2">The Community Committee's operating budget will be allocated from the Kaia Ecosystem Fund (KEF). Chairman candidates must provide the required one-year operating budget for each line item in their proposal, and the amount is not limited.</li>
<li style="font-weight: 400;" aria-level="2">However, the proposal should specifically include items such as community committee management (development of operational tools, operational incentives, etc.), ecosystem investments, marketing, grants, and liquidity provision.&nbsp;</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">
<h3>How do I submit a committee plan?</h3>
<ul>
<li style="font-weight: 400;" aria-level="2">They can be publicly uploaded to the <a href="https://govforum.klaytn.foundation/c/general/4">Notice category</a> in the Governance Forum starting May 20th, when the article is published.&nbsp;</li>
<li style="font-weight: 400;" aria-level="2">Proposals are submitted by a candidate for Commission Chairman and must be agreed upon with Community Commission members prior to submission.</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="2">
<h3>Are there selection criteria for Community Committees?</h3>
<ul>
<li style="font-weight: 400;" aria-level="2">Community Committees are selected based entirely on feedback from ecosystem partners and participants. Based on this input, proposals are put to a vote, and the outcome of the vote determines whether or not the proposed committees are implemented.</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="2">
<h3>From proposal to selection and execution, what is the overall timeline?</h3>
<ul>
<li style="font-weight: 400;" aria-level="2">Open call for proposals will run from May 20, and a late June implementation when the Kaia chain officially launches, details are subject to change. Please refer to the <a href="https://govforum.klaytn.foundation/t/kaia-community-committee-request-for-proposals/831">proposal body</a> for a detailed timeline.</li>
</ul>
</li>
</ul>

Kaia Community Committee open call for applications

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1715328779607.webp?updatedAt=1715328779000" width="1000" height="auto" alt="" />
*Note: Kaia Foundation and Kaia Chain mentioned in the article are the names of the Klaytn and Finschia Integrated Foundation's <a href="https://www.finschia.io/disclosure/detail/419/">new branding, Kaia</a>. However, to avoid confusion, the Dragon DeFi Initiative (D2I) program will retain its name for a limited period and will be rebranded in time for the official launch of Kaia Chain.&nbsp;

&nbsp;
Since the announcement of Klaytn and Finschia's chain integration, Kaia Foundation has been actively running the Dragon DeFi Initiative (D2I) program, an incentive program to create a healthy and robust DeFi ecosystem on Kaia Chain. We are well on our way to implementing the DeFi initiative for Kaia Chain, with various ecosystem partners onboarded. As a result of this D2I program, iZUMi and Wobmat, <a href="https://klaytn.foundation/?p=18930">two of the first teams to be selected as program partners</a>, have launched KaiaSwap and Capypbara, DEXes on the Kaia chain!

&nbsp;
<h1>KaiaSwap, a secure and efficient DEX service for high-performance chains</h1>
Powered by technology from iZUMi Finance, a leader in decentralized finance with a focus on innovative technology and user experience, KaiaSwap is Kaia Chain's first native DLAMM (Discretized-Liquidity-AMM) DEX, which leverages the advantages of the AMM model design to achieve high capital efficiency by concentrating liquidity at specific price points. It will bring transparency, security, and an efficient on-chain experience to the sustainable and verifiable Kaia Chain ecosystem.&nbsp;

&nbsp;
In particular, iZUMi's unique solution, DEX-as-a-Service, will combine DLAMM, Account Abstraction, and Multi-sig capabilities to provide a safer and more accessible DEX service based on low gas fees on the high-performance Kaia Chain.&nbsp;

&nbsp;
<h1>Capybara, a new DEX with a user-friendly Launchpad</h1>
Capybara, powered by Wombat, a multi-chain stable swap protocol, is a new DEX that combines a gamified point system, launchpad, and airdrop playground on the Kaia chain. The Capybara Launchpad is the first launchpad on the Kaia chain, and will serve as a direct connection between the Kaia chain and global users.

&nbsp;
Specifically, Capybara removes barriers to scalability by innovating a coverage ratio-based stable swap mechanism, allowing Kaia ecosystem participants to leverage capital without impermanent losses. It also minimizes slippage, enables the use of a single token LP token, and provides an ideal DEX for a lending pocketbook and trading platform based on it. All of this is backed by a user-friendly UX/UI, and with a full launch with the $CAPY token coming soon, we expect to see the Kaia ecosystem come to life.&nbsp;

&nbsp;
<h1>Ecosystem synergy matters</h1>

Meanwhile, the synergy requires easy access to on-chain data and analytical tools to create a broader ecosystem. In this regard, the integration of Kaia Chain and <a href="https://flipsidecrypto.xyz/">Flipside</a>, which will be voted on by the Governance Council in May, is expected to be a major boost to this ecosystem synergy.&nbsp;

&nbsp;
Flipside is a platform that provides trusted and comprehensive blockchain data, analyzes blockchain data with Snowflake SQL, and provides dashboards to generate visualizations. Once this Flipside to Kaia Chain integration is complete, you will be able to dashboard expertly modeled data for every decentralized finance transaction on the Kaia Chain. For example, DEXs on Kaia Chain will be able to provide seamless access to core data such as blocks, events, and transactions, as well as on-chain DeFi activities such as swaps and staking.&nbsp;

&nbsp;
Our partnership with Wombat, iZUMi and Flipside is all a part of Kaia Foundation's D2I program and facilitating synergies across all DeFi money lego&rsquo;s and infrastructure is a key goal in order to reach maximum optimization of liquidity across the entire Kaia ecosystem. The Kaia Foundation will continue onboarding more DeFi partners to create more liquidity synergies between existing protocols, with the goal of&nbsp; building the most liquid on-chain experience in crypto.

&nbsp;
Kaia's D2I program will focus on launching DApps in various areas of DeFi, building a strong financial infrastructure for their synergies, and supporting more DApps and builders. We look forward to seeing what KaiaSwap, Capybara, and Flipside will do in the future and the synergies between them.
 
&nbsp;
<h3>About KaiaSwap <a href="https://izumi.finance/home">Website</a> l <a href="https://twitter.com/KaiaSwap">Twitter</a></h3>
Officially supported by Kaia Chain and receiving technical assistance from iZUMi Finance, KaiaSwap leads the way in the DeFi sector by combining innovative technology with a robust focus on user experience and represents a major advancement in the decentralized finance landscape. KaiaSwap&rsquo;s goal is to establish a comprehensive platform that ensures safe and efficient trading and investment opportunities.

&nbsp;
<h3>About Capybara <a href="https://www.capybara.exchange/">Website</a> l <a href="https://twitter.com/CapybaraDEX">Twitter</a></h3>
Capybara is the first single sided liquidity DEX covering full range of assets in DeFi, native on Dragon Chain. Being an affiliate of Wombat Exchange, Capybara runs on the battle tested hyper-capital-efficient proprietary algorithm &amp; utilizes WomPets, the sustainable Gamified Bribe Market 2.0.

&nbsp;
<h3>About Flipside <a href="https://flipsidecrypto.xyz/">Website</a> l <a href="https://twitter.com/flipsidecrypto">Twitter</a></h3>
Flipside Crypto is a leading on-chain data analytics provider. With the most reliable blockchain data in the market, Flipside&rsquo;s expertly-modeled datasets make analysis easy and reliable for +100,000 analysts. The Flipside product suite makes data accessible at all scales, from free analyst accounts to enterprise solutions that seamlessly integrate with existing architecture.

Wombat and iZUMi Look to Power Up Kaia’s DeFi Ecosystem

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1714437698078.png?updatedAt=1714437698000" width="1000" height="auto" alt="" />

&nbsp;
It has been a couple of months since the passing of the Klaytn/Finschia chain merge proposal known as &lsquo;Project Dragon&rsquo;. We have been hard at work since, and today we are excited to introduce Kaia &mdash; our new brand identity!

&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1714437734260.gif?updatedAt=1714437734000" width="1000" height="auto" alt="" />

&nbsp;

<h1 name="e592" class="graf graf--h3">Kaia is the blockchain for all&nbsp;</h1>

Kaia was born out of a desire to make blockchain technology easy to use and accessible to everyone, regardless of background or experience. Community, Sustainability, and Simplicity are the core of Kaia&rsquo;s values, which act as our north star as we foster partnerships, engage our community, and embark on our journey to spearhead blockchain adoption.

<ul class="postList">
<li name="84d8" class="graf graf--li">Community: Fostering an inclusive environment where individuals can connect, collaborate, and contribute to the Kaia ecosystem.</li>
<li name="d2b4" class="graf graf--li">Sustainability: Contributing positively to the long-term viability of our products and services, leaving meaningful impact for the future.</li>
<li name="cf80" class="graf graf--li">Simplicity: Ensuring clarity, efficiency, and effectiveness in everything we do within the realm of our ecosystem.&nbsp;</li>
</ul>
&nbsp;
<h1 name="7f2d" class="graf graf--h3">&amp; &mdash; the symbol of our role as a facilitator of connections</h1>
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1714437890989.png?updatedAt=1714437892000" width="1000" height="auto" alt="" />
&nbsp;

As an open source, transparent, and permissionless public blockchain, Kaia is more than just the foundation or a team &mdash; Kaia can only achieve its vision by connecting users, builders, projects, brands, enterprises, and everyone in-between. To crystalize this, we have adopted a stylized ampersand as our brandmark and coin symbol.
&nbsp;
As a conjunction used to connect two elements, &amp; is the purest representation of our role as a facilitator of connections that can spark an explosion of creativity and growth.


&nbsp;
<h1 name="3238" class="graf graf--h3">A name with multiple layers of&nbsp;meaning</h1>
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1714437916924.png?updatedAt=1714437918000" width="1000" height="auto" alt="" />
&nbsp;
While the Kaia wordmark alludes to the union of Klaytn and Finschia, it was also derived from the greek word for &lsquo;and&rsquo; (&kappa;&alpha;&iota;) &mdash; further reinforcing our belief in the power of connection in Web3.
&nbsp;
Furthermore, Kaia phonetically resonates with gaia, the ancient Greek goddess of the Earth and mother of all life. This pays homage to Klaytn and Finschia&rsquo;s brand heritage &mdash; Klaytn was derived from &lsquo;clay&rsquo;, the crust of the earth from which all life springs forth, and Finschia was named after a genus of trees, symbolizing growth and interconnectedness.
&nbsp;
The references to the Greek language and mythology is our way of acknowledging Greece as the birthplace of democracy, which is the core value behind Web3&rsquo;s decentralized and open nature.
&nbsp;
Our name and brandmark is an expression of our commitment to building a collaborative and inclusive platform, where everyone plays an important role in shaping our shared on-chain future.


&nbsp;
<h1 name="a59e" class="graf graf--h3">Kaia will launch by the end of June</h1>

Both the Klaytn and Finschia teams have been working tirelessly to ensure that Kaia will be maximally competitive in both technology and ecosystem, while keeping to our goal of launching the Kaia mainnet by the end of June 2024. To date, the following tasks have been completed:

<ul class="postList">
<li name="9e1e" class="graf graf--li">Established mission/vision including white paper, strategy, tokenomics, and governance</li>
<li name="7810" class="graf graf--li">Preliminary work to establish a new foundation based in Abu Dhabi</li>
<li name="c54b" class="graf graf--li">Building a new brand identity and planning for the unification of our community channels</li>
<li name="d2a2" class="graf graf--li">Chain security audit</li>
<li name="8692" class="graf graf--li">Establishment of a bilateral token swap plan between Klaytn and Finschia</li>
</ul>
<section name="344c" class="section section--body">
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
&nbsp;
<h1 name="95a3" class="graf graf--h3">What&rsquo;s next?</h1>
Next on our list are the integration of Klaytn and Finschia&rsquo;s community and social channels, the staffing and establishment of the Kaia DLT Foundation in Abu Dhabi, and the rebranding of infrastructural assets such as wallets and blockchain explorers, as well as communicating with exchanges where $KLAY and $FNSA are listed to update their listings to $KAIA.
&nbsp;
By the end of June, we expect to launch the Kaia DLT Foundation, as well as the token swap service, testnet, mainnet, and governance platform, alongside enhanced user and community delegation capabilities. A detailed timeline will be shared at a later date.
&nbsp;
<h1 name="7da1" class="graf graf--h3">Collaborating with LINE NEXT to simplify the user experience</h1>
Beyond working towards the Kaia launch, we will also be collaborating with LINE NEXT, one of our governance members, to make navigating the Kaia ecosystem a simpler and more accessible experience. Tapping on their UX expertise that led to the rapid growth of their DOSI digital commerce platform, LINE NEXT will be taking over the development and operation of Kaikas, Klaytn&rsquo;s official digital wallet, to transform it into an intuitive portal to the Kaia ecosystem.
&nbsp;
<h1 name="938e" class="graf graf--h3">Making DeFi accessible to the&nbsp;masses</h1>
DeFi sits at the core of every Web3 ecosystem. To ensure that every Kaia ecosystem participant can easily and safely participate in DeFi, we set up a <a href="https://klaytn.foundation/?p=18930" data-href="https://klaytn.foundation/?p=18930" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">DeFi-focused initiative</a> that has since onboarded multiple global blue-chip DeFi projects such as Wombat, iZUMiswap, and Dragonswap, which will work together to kickstart Kaia&rsquo;s DeFi ecosystem.
&nbsp;
</div>
</div>
</section>
<section name="d733" class="section section--body">
<div class="section-divider"><hr class="section-divider" /></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
The unveiling of our new Kaia brand is a major milestone for us at Klaytn Foundation and Finschia DLT Foundation, and we look forward to growing the Kaia ecosystem with our users, developers, partners, and more to collaboratively usher in Asia&rsquo;s on-chain future.
</div>
</div>
</section>

[New Brand Reveal] Say hello to Kaia

Hello, this is the Finschia DLT Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of March, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy(<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698734312440.pdf?updatedAt=1698734315000" class="external-link" rel="nofollow">url</a>),&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2024/04/26
▸ Purpose of Reward: Service contribution reward
▸ Amount of Reward: 24,526.582839&nbsp;FNSA
▸ Governance Proposal: https://www.mintscan.io/finschia/proposals/28

&nbsp;
[Reward: March]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid; height: 310.39px;">
<tbody>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Purpose of Reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
Service contribution reward
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 92.7969px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 92.7969px;">
Total Reward Amount
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 92.7969px;">
24,526.582839 FNSA
※ As of the end of March
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Block height of the last in March
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
63455663
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
The number of Service Contributor
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Reward Date
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
2024.04.26 11:07:00 (GST) ~
</td>
</tr>
</tbody>
</table>

&nbsp;
[Details]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Name of Service Contributor(Corp Name)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
DOSI (LINE NEXT Inc)
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment processing account address
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
link1xr3rq8yvd7qplsw5yx90ftsr2zdhg4e9z60h5duusgxpv72hud3sgmqjlr
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment amount (V)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
53,619.672754
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Contribution per service (C_Base)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Base reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
24,526.582839 &nbsp;FNSA
</td>
</tr>
</tbody>
</table>

&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors.&nbsp;

&nbsp;

Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia DLT Foundation

Finschia's service contribution reward : March

Greetings from the Fisnchia DLT Foundation.
&nbsp;
We are writing to inform you that as of today, the services provided by LINE Blockchain Explorer (LBE) and LINE Blockchain Scan (LBS) have been discontinued. For detailed information about blocks, transactions, and tokens issued on the blockchain, as well as issuance, circulation, and addresses for FNSA, please refer to the following links:
&nbsp;
<h2>Block Explorer</h2>
&gt;&gt; Finschia Mintscan:&nbsp;<a class="external-link" href="https://www.mintscan.io/finschia" rel="nofollow">https://www.mintscan.io/finschia</a> &gt;&gt; Ebony Mintscan:&nbsp;<a href="https://www.mintscan.io/finschia-testnet" class="external-link" rel="nofollow">https://www.mintscan.io/finschia-testnet</a>
&nbsp;
<h2>FNSA Staking</h2>
&gt;&gt; Mintscan Staking Guide (PC):&nbsp;<a href="https://lin.ee/AdnxATN/bofu" class="external-link" rel="nofollow">https://lin.ee/AdnxATN/bofu</a> &gt;&gt; DOSI Staking Guide (Mobile):&nbsp;<a href="https://lin.ee/yARzkuM/bofu" class="external-link" rel="nofollow">https://lin.ee/yARzkuM/bofu</a>
&nbsp;
We are still the blockchain for all.
Finschia DLT Foundation
&nbsp;
---------------------------------------
&nbsp;
Greetings from the Fisnchia DLT Foundation.
&nbsp;
As we announced last month with&nbsp;<a href="https://www.finschia.io/disclosure/detail/406/" class="external-link" rel="nofollow">the launch of Mintscan</a>, we are now providing integrated services for LINE Blockchain Explorer (LBE) and LINE Blockchain Scan (LBS) through Mintscan. Therefore, the individual services have been discontinued. The details of blocks and transactions, the tokens issued on the blockchain services, and the issuance and circulation of FNSA, as well as addresses, which were previously available on LINE Blockchain Explorer (LBE) and LINE Blockchain Scan (LBS), can now be checked through Mintscan.
&gt;&gt; Finschia Mintscan:&nbsp;<a class="external-link" href="https://www.mintscan.io/finschia" rel="nofollow">https://www.mintscan.io/finschia</a> &gt;&gt; Ebony Mintscan:&nbsp;<a href="https://www.mintscan.io/finschia-testnet" class="external-link" rel="nofollow">https://www.mintscan.io/finschia-testnet</a>
&nbsp;
<h2>Related Schedule</h2>
<table border="1" style="border-collapse: collapse; width: 100%; height: 89.5936px; border-color: #000000; border-style: solid; margin-left: auto; margin-right: auto;">
<tbody>
<tr style="background-color: #ecf0f1; height: 22.3984px;">
<td style="width: 21.9644%; text-align: center; height: 22.3984px; border: 1px solid #000000;">
Date
</td>
<td style="width: 78.1548%; text-align: center; height: 22.3984px; border: 1px solid #000000;">
Details
</td>
</tr>
<tr style="height: 22.3984px;">
<td style="width: 21.9644%; text-align: center; height: 22.3984px; border: 1px solid #000000;">
2024.02.27.
</td>
<td style="width: 78.1548%; height: 22.3984px; border: 1px solid #000000;">
Launch of Mintscan
</td>
</tr>
<tr style="height: 22.3984px;">
<td style="width: 21.9644%; text-align: center; height: 22.3984px; border: 1px solid #000000;">
2024.04.01
</td>
<td style="width: 78.1548%; height: 22.3984px; border: 1px solid #000000;">
Announcement of the discontinuation of LINE Blockchain Explorer / LINE Blockchain Scan services
</td>
</tr>
<tr style="height: 22.3984px;">
<td style="width: 21.9644%; text-align: center; height: 22.3984px; border: 1px solid #000000;">
2024.04.15
</td>
<td style="width: 78.1548%; height: 22.3984px; border: 1px solid #000000;">
Discontinuation of LINE Blockchain Explorer / LINE Blockchain Scan services
</td>
</tr>
</tbody>
</table>
&nbsp;
<h2>FAQs</h2>
<ul>
<li>
Is it no longer possible to access the original LINE Blockchain Explorer / LINE Blockchain Scan URLs?
<ul>
<li>
No, if you access the original URL, you will be redirected to Mintscan.
</li>
</ul>
</li>
<li>
Can FNSA staking now be done on Mintscan?
<ul>
<li>
Yes, new staking(delegation) for FNSA can be conducted on Mintscan by integrating with the DOSI Vault. If you have previously staked on LINE Blockchain Scan, you don't need to take any action; your staking details will automatically be&nbsp;<a href="https://www.mintscan.io/wallet/stake" class="external-link" rel="nofollow">visible on Mintscan</a>. Similarly, features for redelegation and undelegation(unstaking) can also be used through Mintscan.
</li>
</ul>
</li>
<li>
Will all past chain information disappear?
<ul>
<li>
No, you can continue to check content related to Bamboo&nbsp;<a href="https://scan.link.network/0x3001004/main" class="external-link" rel="nofollow">here</a>, and information for&nbsp;<a href="https://www.mintscan.io/finschia-testnet" class="external-link" rel="nofollow">Ebony</a>&nbsp;and&nbsp;<a href="https://www.mintscan.io/finschia/finder?chainId=4380402001" class="external-link" rel="nofollow">Daphne</a>.
</li>
</ul>
</li>
</ul>
&nbsp;
We hope that you will utilize Mintscan, the leading explorer for Cosmos, to access a wider range of on-chain information for Finschia. We will continue to explore various methods to make the use of the Finschia ecosystem more convenient and user-friendly.
&nbsp;
We are still the blockchain for all.
Finschia DLT Foundation

Notice of Discontinuation of LINE Blockchain Explorer and Scan Services (Updated)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1712811187849.png?updatedAt=1712811188000" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
Mark your calendars for 30 April, 10am KST, because we&rsquo;ll be unveiling our new brand identity! With this new brand, the temporary moniker of &lsquo;<a href="https://govforum.klaytn.foundation/t/kgp-25-klaytn-finschia-mainnet-merge/719" class="external-link" rel="nofollow">Project Dragon</a>&rsquo; will be dropped, and Klaytn Foundation and Finschia DLT Foundation will jointly move forward as one unified foundation.

&nbsp;
<h1 id="id-240411_FinschiaxKlaytn통합브랜드공개일정안내-Thestartofanewbeginning">The start of a new beginning</h1>
Since the merge proposal was approved in February, we have been working full tilt on the integration of our organization, technology, community, and branding - and the unveiling of our new brand marks the first major milestone on our merge journey.
&nbsp;
On 30 April at 10am KST, our new brand will be simultaneously unveiled online and at a physical media event in South Korea that will be attended by journalists from leading domestic media outlets. During this event, we will be presenting the new brand story, brand identity, as well as detailed information on the progress of our mainnet integration and our future plans.
&nbsp;
Our new brand was crafted in close collaboration with&nbsp;<a href="https://www.aleph-labs.com/" class="external-link" rel="nofollow">Aleph Labs</a>, a creative engineering company that provides creative strategy, branding, advertising, and media communications in the banking and financial services sectors. Aleph Labs&rsquo; work with Cake DeFi, Coin Jar, Rush Gold, and other financial companies has given them deep experience with the web 3.0 and digital asset industry, which they have brought to the creation of our new brand.
&nbsp;
<h1 id="id-240411_FinschiaxKlaytn통합브랜드공개일정안내-Unifyingourcommunicationsandcommunity">Unifying our communications and community</h1>
Along with the brand unveil, we will also be unifying our social media and community platforms. We will endeavor to make the transition to our new unified community and social channels as seamless as possible, so please keep an eye out for the announcements that will contain the details of our new social and community channels.
&nbsp;
<h1 id="id-240411_FinschiaxKlaytn통합브랜드공개일정안내-TowardsAsia&rsquo;sleadingWeb3ecosystem">Towards Asia&rsquo;s leading Web3 ecosystem</h1>
In the coming months, we will be working on integrating Klaytn and Finschia&rsquo;s technologies, services, and business networks that will complement our respective strengths and give rise to Asia&rsquo;s leading blockchain platform and Web3 ecosystem. Together as one, we will promote the democratization of blockchain by leveraging Asia's largest digital wallet user base, Web3 assets based on Kakao and LINE services, and more.
&nbsp;
We look forward to embarking on this integration journey with you, our builders and our community, as we collectively strive to create a leading Layer 1 based in Asia, for Asia. More details will be announced soon!

Announcement on the new brand identity reveal: April 30, 2024

Hello, this is the Finschia DLT Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of February, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy(<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698734312440.pdf?updatedAt=1698734315000" class="external-link" rel="nofollow">url</a>),&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2024/03/29
▸ Purpose of Reward: Service contribution reward
▸ Amount of Reward: 22,548.996749&nbsp;FNSA
▸ Governance Proposal: <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/26">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/26</a>


&nbsp;
[Reward: February]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid; height: 310.39px;">
<tbody>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Purpose of Reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
Service contribution reward
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 92.7969px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 92.7969px;">
Total Reward Amount
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 92.7969px;">
22,548.996749 FNSA
※ As of the end of February
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Block height of the last in February
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
62779647
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
The number of Service Contributor
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Reward Date
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
2024.03.29 11:07:00 (GST) ~
</td>
</tr>
</tbody>
</table>

&nbsp;
[Details]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Name of Service Contributor(Corp Name)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
DOSI (LINE NEXT Inc)
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment processing account address
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
link1xr3rq8yvd7qplsw5yx90ftsr2zdhg4e9z60h5duusgxpv72hud3sgmqjlr
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment amount (V)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
51,105.689743
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Contribution per service (C_Base)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Base reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
22,548.996749 &nbsp;FNSA
</td>
</tr>
</tbody>
</table>

&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors.&nbsp;

&nbsp;

Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia DLT Foundation

Finschia's service contribution reward : February

Hello, this is the Finschia DLT Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on March 28, 2024.&nbsp;FNSA will be used for the DOSI Partner as part of the dApp Support Program from the minted Reserve FNSA. There will be no additional minting or changes in circulation due to this. The Finschia DLT Foundation does not own pre-issued reserves (Reserve) under the Zero-reserve policy, and will not additionally issue FINSCHIA (FNSA) for this matter.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Details]
▸ Name of Service : DOSI Partner (dApp)
▸ Applicable Date: 2024.03.28 11:00:00&nbsp;~ 2024.03.28. 23:59:59 (GST)
▸ Purpose of Use: dApp support program
▸ Amount of Use: 4,184 FNSA
▸ Result (Blockchain Explorer):&nbsp; 1 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/D423DDE3D4A9DDF60B87FEB02FE8C20085DD2ED2B2B6327665ECF858BE934DE9?height=63374997" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/D423DDE3D4A9DDF60B87FEB02FE8C20085DD2ED2B2B6327665ECF858BE934DE9?height=63374997" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/D423DDE3D4A9DDF60B87FEB02FE8C20085DD2ED2B2B6327665ECF858BE934DE9?height=63374997</a> 4,183 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/D97EE74756770AD0002D5ED7C267DB21B47B5C0B1C2D9E9B0CA91ED326CF69CD?height=63375115" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/D97EE74756770AD0002D5ED7C267DB21B47B5C0B1C2D9E9B0CA91ED326CF69CD?height=63375115" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/D97EE74756770AD0002D5ED7C267DB21B47B5C0B1C2D9E9B0CA91ED326CF69CD?height=63375115</a>
&nbsp;
[Note]
▸ DOSI Partner does not specify dApp or partner but is a collective term to indicate various partners.
▸ The FNSA issued to the partner company will be used to build dApp/infra/solution to expand Finschia&rsquo;s ecosystem by prior arrangement.
▸ The name(s) of the partner(s) will be disclosed once available.
▸ No additional issuance of FINSCHIA tokens will be made for this matter, and the total circulating supply will remain unchanged.
&nbsp;
We are the blockchain for all.
Finschia DLT Foundation
&nbsp;

Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia DLT Foundation license.

Announcement on the use of Reserve FINSCHIA (2024.03.28.) 

Hello, this is the Finschia DLT Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on March 28, 2024.&nbsp;FNSA will be used for the DOSI Partner as part of the dApp Support Program from the minted Reserve FNSA. There will be no additional minting or changes in circulation due to this. The Finschia DLT Foundation does not own pre-issued reserves (Reserve) under the Zero-reserve policy, and will not additionally issue FINSCHIA (FNSA) for this matter.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Details]
▸ Name of Service : DOSI Partner (dApp)
▸ Applicable Date: 2024.03.28 11:00:00&nbsp;~ 2024.03.28. 23:59:59 (GST)
▸ Purpose of Use: dApp support program
▸ Amount of Use:&nbsp;1,038 FNSA (Reserve)
▸ Result (Blockchain Explorer):&nbsp; 1FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/D7C9D8F0B41713FD1A13CC4412B9F543C5BA53FB9530EEE9AE425E071C47C872?height=63374989" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/D7C9D8F0B41713FD1A13CC4412B9F543C5BA53FB9530EEE9AE425E071C47C872?height=63374989" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/D7C9D8F0B41713FD1A13CC4412B9F543C5BA53FB9530EEE9AE425E071C47C872?height=63374989</a> 1,037 FNSA :&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/B55B53AE08DED3B1A2EF176E774EC98708DE5BE4E0949CD37F6E749045357D51?height=63375213" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/B55B53AE08DED3B1A2EF176E774EC98708DE5BE4E0949CD37F6E749045357D51?height=63375213" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/B55B53AE08DED3B1A2EF176E774EC98708DE5BE4E0949CD37F6E749045357D51?height=63375213</a>
&nbsp;
 &nbsp;
[Note]
▸ DOSI Partner does not specify dApp or partner but is a collective term to indicate various partners.
▸ The FNSA issued to the partner company will be used to build dApp/infra/solution to expand Finschia&rsquo;s ecosystem by prior arrangement.
▸ The name(s) of the partner(s) will be disclosed once available.
▸ No additional issuance of FINSCHIA tokens will be made for this matter, and the total circulating supply will remain unchanged.
&nbsp;
We are the blockchain for all.
Finschia DLT Foundation
&nbsp;

Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia DLT Foundation license.

Hello, this is the Finschia DLT Foundation.
&nbsp;
The Finschia Governance aims to recruit diverse members highly knowledgeable about Finschia and expected to significantly contribute to the Finschia network and ecosystem. However, governance members may join or withdraw from the governance by mutual agreement. Therefore, A41, unfortunately, will off-board from the Finschia Governance as of March 29, 2024.
&nbsp;
<ul>
<li>User unstaking encouraged period: March 15, 2024 - March 29, 2024 (by the time A41 off-boards)</li>
<li>A41 off-boarding: March 29, 2024, in the afternoon</li>
</ul>
&nbsp;
Important Notes
<ul>
<li>Upon A41's off-boarding from the Finschia Governance, it will be removed from the governance list on LINE Blockchain Scan.</li>
<li>No additional rewards will be distributed for the A41 node after off-boarding</li>
<li>Users can still unstake their FNSA from the A41 node and wallet.</li>
<li>We highly encourage re-delegating to another node (validator) within the unstaking period provided&nbsp;<a href="https://scan.blockchain.line.me/Finschia%20Mainnet/staking" class="external-link" rel="nofollow">here</a>.&nbsp;&nbsp;</li>
</ul>
&nbsp;
&gt; <a href="https://x.com/a41_allforone/status/1768517936279683150?s=20">See A41 announcement</a>

&nbsp;
We're still the blockchain for all.
Finschia DLT Foundation

Off-boarding Notice for Finschia Governance Member: A41

Hello, this is the Finschia DLT Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA(FNSA) on March 6, 2024. It is intended to reward 100 selected participants of the Finschia Creator Initiative. The rewards will be sourced from the User Reward FINSCHIA(FNSA) pool, a pre-minted quantity established prior to the implementation of Token Economy 2.0. No additional FINSCHIA (FNSA) will be issued specifically for this matter.
&nbsp;
Please refer to the following information for more details.
<div class="content-wrapper"></div>
&nbsp;
[Details]
<ul>
<li>Applicable Date: 2024/03/06 11:00:00 ~ 2024/03/06 23:59:59 (GST)</li>
<li>Purpose of Use: Marketing and Promotion</li>
<li>Amount of Use: 520 FNSA (User Reward)</li>
</ul>
&nbsp;

❖ Blockchain Explorer: <a href="https://scan.blockchain.line.me/Finschia%20Mainnet" rel="nofollow" class="external-link">https://scan.blockchain.line.me/Finschia%20Mainnet&nbsp;</a>
<div class="content-wrapper">
❖ Result : <a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1709734389727.xls?updatedAt=1709734390000" target="_blank" rel="noopener">Excel</a>
</div>
&nbsp;
<ul data-stringify-type="unordered-list" class="p-rich_text_list p-rich_text_list__bullet" data-indent="1" data-border="0"></ul>
&nbsp;
[Note]
<ul>
<li>The User Reward FINSCHIA (FNSA) used in this matter is a quantity minted before the implementation of Token Economy 2.0, and will be distributed to users contributing to the Finschia ecosystem.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia DLT Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia DLT Foundation license.

Announcement on the use of User Reward FINSCHIA (2024/03/06)

Hello, this is the Finschia DLT Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on March 6, 2024. The purpose of this use is for the Foundation's ecosystem expansion, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia DLT Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2024.03.06 10:30:00 (GST) ~ 2024.03.06 23:59:59 (GST)</li>
<li>Purpose of Use: Ecosystem expansion</li>
<li>Amount of Use: 11,098 FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp;<a href="https://scan.blockchain.line.me/Finschia%20Mainnet" rel="nofollow" class="external-link"></a>
<ul>
<li>1FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/205064A36A788A6EB55AA914DF0F5425ADB3BDEE38C11D5D78399725429BB274?height=62894613" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/205064A36A788A6EB55AA914DF0F5425ADB3BDEE38C11D5D78399725429BB274?height=62894613" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/205064A36A788A6EB55AA914DF0F5425ADB3BDEE38C11D5D78399725429BB274?height=62894613</a></li>
<li>11,097 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://www.mintscan.io/finschia/tx/96C8818F59E093D1C35F71AA99F3D74E9F0D2581DD9593E8510D2443FDD837CF?height=62895234" delay="150" data-sk="tooltip_parent" href="https://www.mintscan.io/finschia/tx/96C8818F59E093D1C35F71AA99F3D74E9F0D2581DD9593E8510D2443FDD837CF?height=62895234" rel="noopener noreferrer">https://www.mintscan.io/finschia/tx/96C8818F59E093D1C35F71AA99F3D74E9F0D2581DD9593E8510D2443FDD837CF?height=62895234</a></li>
</ul>

<ul></ul>
&nbsp;

[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia DLT Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia DLT Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia DLT Foundation license.

Announcement on the use of Reserve FINSCHIA (2024/03/06)

Hello, this is the Finschia Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of January, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy (<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698734312440.pdf?updatedAt=1698734315000" class="external-link">URL</a>),&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2024/02/29
▸ Purpose of Reward: Service contribution reward
▸ Amount of Reward: 24,388.628166&nbsp;FNSA
▸ Governance Proposal: <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/25">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/25</a>


&nbsp;
[Reward: January]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid; height: 310.39px;">
<tbody>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Purpose of Reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
Service contribution reward
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 92.7969px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 92.7969px;">
Total Reward Amount
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 92.7969px;">
24,388.628166 FNSA
※ As of the end of January
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Block height of the last in January
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
62151752
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
The number of Service Contributor
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid; height: 54.3984px;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000; height: 54.3984px;">
Reward Date
</td>
<td style="width: 62.5889%; border: 1px solid #000000; height: 54.3984px;">
2024.02.29 10:08:00 (GST) ~
</td>
</tr>
</tbody>
</table>

&nbsp;
[Details]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Name of Service Contributor(Corp Name)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
DOSI (LINE NEXT Inc)
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment processing account address
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
link1xr3rq8yvd7qplsw5yx90ftsr2zdhg4e9z60h5duusgxpv72hud3sgmqjlr
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment amount (V)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
11,148.498270
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Contribution per service (C_Base)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Base reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
24,388.628166 &nbsp;FNSA
</td>
</tr>
</tbody>
</table>

&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors.&nbsp;

&nbsp;

Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia's service contribution reward : January

Hello, this is the Finschia Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of December, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy (<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698734312440.pdf?updatedAt=1698734315000" class="external-link">URL</a>),&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2024/02/29
▸ Purpose of Reward: Service contribution reward
▸ Amount of Reward: 26,301.465732&nbsp;FNSA
▸ Governance Proposal: <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/24">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/24</a>


&nbsp;
[Reward: December]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Purpose of Reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
Service contribution reward
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Total Reward Amount
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
26,301.465732 FNSA
※ As of the end of December
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Block height of the last in December
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
61465481
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
The number of Service Contributor
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Reward Date
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
2024.02.29 10:05:00 (GST) ~
</td>
</tr>
</tbody>
</table>

&nbsp;
[Details]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Name of Service Contributor(Corp Name)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
DOSI (LINE NEXT Inc)
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment processing account address
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
link1xr3rq8yvd7qplsw5yx90ftsr2zdhg4e9z60h5duusgxpv72hud3sgmqjlr
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment amount (V)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
15,420.166300
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Contribution per service (C_Base)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Base reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
26,301.465732&nbsp;&nbsp;FNSA
</td>
</tr>
</tbody>
</table>

&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors. (<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1709194689165.xls?updatedAt=1709194690000" target="_blank" rel="noopener">Excel</a>)

&nbsp;

Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia's service contribution reward : December

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1709013423542.png?updatedAt=1709013425000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
<section name="e513" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
Greetings from the Finschia Foundation.
&nbsp;
We have some important news to share regarding the Finschia network.
&nbsp;
Last December, the leading blockchain technology company from within the Cosmos ecosystem, Cosmostation, announced its participation in the Finschia Governance, extending support for the Finschia mainnet and contributing to the expansion of the Finschia ecosystem.
&nbsp;
<ul class="postList">
<li name="911f" class="graf graf--li">Providing mainnet transaction history</li>
<li name="dba3" class="graf graf--li">Enhancing the transparency of Finschia governance through on-chain information provision</li>
</ul>
&nbsp;
As a key player in the Cosmos ecosystem, Cosmostation operates validation nodes for over 50 global blockchain networks and also develops and operates the largest blockchain explorer service in the Cosmos realm, &lsquo;Mintscan.&rsquo; This means that from now on, detailed information such as blocks, transactions previously viewed on LINE Blockchain Explorer (LBE) and LINE Blockchain Scan (LBS), token issuance and circulation of FNSA, and addresses will all be accessible through Mintscan.
&nbsp;
&gt;&gt; Finschia Mintscan: <a href="https://www.mintscan.io/finschia" data-href="https://www.mintscan.io/finschia" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">https://www.mintscan.io/finschia</a>
</div>
</div>
</section>
&nbsp;
<section name="03bb" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
<h4 name="97e3" class="graf graf--h4"></h4>
<h2 name="97e3" class="graf graf--h4">After Mintscan Implementation</h2>
&nbsp;
<figure class="image" style="text-align: center;"><img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1709013451179.png?updatedAt=1709013454000" width="1000" height="auto" alt="Mintscan's Finschia dashboard (partial)" style="display: block; margin-left: auto; margin-right: auto;" />
<figcaption>Mintscan's Finschia dashboard (partial)</figcaption>
</figure>
&nbsp;
<section name="03bb" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
<ul>
<li>Function optimization by integrating LINE Blockchain Explorer and LINE Blockchain Scan.</li>
<li>Providing visually intuitive and user-friendly UI/UX.</li>
<li>Providing Cosmos-specific on-chain information.</li>
<li>Integration of Cosmostation and DOSI Vault wallet services (compatible wallet to be added).</li>
<li>Providing FNSA staking services.</li>
</ul>
&nbsp;
<h2 name="8f1b" class="graf graf--h4">Mintscan Timeline</h2>
<ul class="postList">
<li name="1c57" class="graf graf--li">February 27, 2024, 16:00 (KST): Mintscan service launch</li>
<li name="3704" class="graf graf--li">End of March 2024: Termination of LINE Blockchain Explorer and LINE Blockchain Scan services</li>
</ul>
&nbsp;
❖ The exact date of LINE Blockchain Explorer and LINE Blockchain Scan services&rsquo; termination is subject to change.
❖ Three explorers will coexist for approximately one month while the operational stability of Mintscan is validated.
❖ By the end of March 2024, support for Finschia, Ebony, Daphne, and Cash chain on LINE Blockchain Explorer will be suspended (except Bamboo chain).
❖ By the end of March 2024, support for Finschia and Ebony on LINE Blockchain Scan will be suspended.
</div>
</div>
</section>
<section name="0e30" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">

&nbsp;
With the introduction of this new explorer service, we are now able to provide more on-chain information. Finschia prioritizes transparency and fairness in information, and through this, we plan to expand opportunities in the Cosmos ecosystem. Furthermore, integration with Mintscan, the flagship explorer of Cosmos, in the context of the Finschia x Klaytn mainnet merge, is a significant asset. In the future, the Finschia Foundation will focus on essential decision-making and concentration, expecting widespread utilization of Finschia chain services through Mintscan.
&nbsp;
We will continue to explore various methods to make the Finschia ecosystem more convenient and accessible for all.
&nbsp;
We are still the blockchain for all.
Finschia Foundation
</div>
</div>
</section>

</div>
</div>
</section>

Introducing New Blockchain Explorer: Mintscan

Hello, this is the Finschia Foundation.
&nbsp;
We are announcing that FNSA will be recovered on February 22, 2024.
The unused quantity of FNSA allocated&nbsp;to LINE Pay&nbsp;for user reward is scheduled to be recovered by the Foundation.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Details]
<ul>
<li>Name of Token : FINSCHIA (FNSA)</li>
<li>Date :&nbsp;2024.02.22 10:00:00 (GST) ~ 2024.02.22 23:59:59 (GST)&nbsp;</li>
<li>Purpose of Recovery : Recovery of unused User Reward FNSA allocated to LINE Pay</li>
<li>Recovering Amount :&nbsp;3,772.803572&nbsp;FNSA</li>
</ul>
&nbsp;

&nbsp;❖ Blockchain Explorer: <a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/A511278CEA6694A875B7E864622501048C1AAA8E5BF95AE18EABD537FCC0792E" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/A511278CEA6694A875B7E864622501048C1AAA8E5BF95AE18EABD537FCC0792E" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/A511278CEA6694A875B7E864622501048C1AAA8E5BF95AE18EABD537FCC0792E</a>

&nbsp;
[Note]
<ul>
<li>Recovered FNSA will be collected by the Foundation, reallocated for user rewards, and not used for any other purposes.</li>
<li>The amount recovered is already included in the circulating volume; thus its volume will not be affected by the recovered amount.</li>
</ul>
&nbsp;&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement of FNSA Recovery (2024.02.22)

Greetings, Finschia community!
&nbsp;
We are thrilled to unveil the top three validators selected under the Community Support Package during the recent governance voting period for the Finschia x Kalytn merge. This initiative marks a significant step forward in our commitment to fostering the growth of early Finschia communities with the merged ecosystem.
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1708507124179.png?updatedAt=1708507125000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
The Community Support Package, a vital component of our strategy, is an inaugural 12-month program aimed at ensuring the stable development of early Finschia communities. This program places a strong emphasis on fostering a culture of active user participation and voting within our ecosystem.
&nbsp;
As part of this initiative, the merged foundation will delegate a maximum of 40 million PDT from the DEF resources to the top three validators, recognizing their outstanding contributions and commitment to the community. Further details, including the staking period, will be shared in due course.
&nbsp;
The transactions recorded during the governance voting period spanned from block heights 62,308,139 to 62,459,248. For more comprehensive insights, please find&nbsp;<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707181527796.pdf?updatedAt=1707181527000" class="external-link" rel="nofollow">the NEW GOVERNANCE section (pg.17) of the Project Dragon addendum</a>.&nbsp;

&nbsp;
Voting Period
<ul>
<li>Start: 2024-02-08T05:00:40.145308082Z (UTC)</li>
<li>End: 2024-02-15T05:00:40.145308082Z (UTC)</li>
</ul>
&nbsp;
<table border="1" style="border-collapse: collapse; width: 100%;">
<tbody>
<tr>
<td style="width: 31.6508%; text-align: center;">Top 3 Validators</td>
<td style="width: 31.6508%; text-align: center;">Average staked FNSA</td>
<td style="width: 31.6518%; text-align: center;">Proportion to all FGM</td>
</tr>
<tr>
<td style="width: 31.6508%; text-align: center;">BUGHOLE</td>
<td style="width: 31.6508%; text-align: center;">1,424,683.21</td>
<td style="width: 31.6518%; text-align: center;">30.04%</td>
</tr>
<tr>
<td style="width: 31.6508%; text-align: center;">GoodGang Labs</td>
<td style="width: 31.6508%; text-align: center;">1,165,317.53</td>
<td style="width: 31.6518%; text-align: center;">24.57%</td>
</tr>
<tr>
<td style="width: 31.6508%; text-align: center;">NEOPIN</td>
<td style="width: 31.6508%; text-align: center;">315,242.82</td>
<td style="width: 31.6518%; text-align: center;">6.65%</td>
</tr>
</tbody>
</table>

&nbsp;
We are eager to share these results with you, offering a glimpse into the ongoing development and reaffirming our dedication to upholding fairness and transparency within our community.&nbsp;
&nbsp;
Stay tuned for more updates!
&nbsp;
Finschia Foundation

Announcing the Top 3 Validators of the Community Support Package 

■&nbsp;By combining the technology and competitiveness of each blockchain network, merged entity will become Asia's largest Web3 governance
■ A joint task force to be launched to establish an integrated foundation and mainnet
■ The merged blockchain will be compatible with both Ethereum and Cosmos, with the new native coin featuring sustainable tokenomics
&nbsp;

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707973083110.jpg?updatedAt=1707973083000" width="1000" height="auto" alt="" />
&nbsp;

Hello, this is the Finschia Foundation.

&nbsp;
On February 15th, the merger proposal between Finschia and Klaytn&nbsp;was finalized with a 100% voting turnout and a 95% approval rate.

&nbsp;
<a href="https://www.finschia.io/news/detail/105/">▶︎ Press Release&nbsp;: Finschia and Klaytn Chain Merge Proposal Passes, Creating Asia&rsquo;s Largest Blockchain Ecosystem</a>

&nbsp;
We are now poised to build the largest blockchain ecosystem in Asia. Our efforts will culminate in creating the largest Web3 ecosystem in Asia, encompassing governance with participation from over 45 companies, 420 dApps and services, and a user base of more than 250 million Asian wallet users.

&nbsp;
Both foundations will immediately establish a task force (TF) for the merger and proceed to set up a unified foundation based in Abu Dhabi, UAE. Having initiated changes under new management and organizational structures a year ago, the Finschia and Klaytn foundations are set to create a new joint business system, driving another wave of innovation.

&nbsp;
The integration of tokens and governance is scheduled to take place in the second quarter of this year. The merged token will introduce a completely new tokenomics, with 22.9% ($384M worth) of the existing issuance being burned, alongside the removal of non-circulating amounts and a three-phase burning model. The integrated governance will foster a community-centered ecosystem through user delegation functions and voting weights. Moreover, under a new transparency protocol, we will realize a highly stringent and transparent operational system, establishing a new status and trust in the market as Asia's largest blockchain.

&nbsp;
Additionally, the two foundations&nbsp;will promote various innovations for the growth of the entire Asian blockchain industry, including infrastructure for institutional demand proposed in the merger, launching a native stablecoin, building large-scale DeFi, and developing Web2 company-oriented infrastructure for mainstream adoption.

&nbsp;
Thank you for the great interest you have shown in our recent merger proposal. We are grateful for the various perspectives and feedback received from different companies and community members during the voting period. We are committed to meeting your expectations by incorporating this valuable input. We kindly ask for your continued interest and support moving forward.

&nbsp;
Thank you.
Finschia Foundation

[FGP-23] Approval Notice for the Merger Proposal between Finschia and Klaytn

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707873131962.png?updatedAt=1707873132000" width="1000" height="auto" alt="" />

&nbsp;
Hello, this is the Finschia Foundation.

&nbsp;
We have recently become aware of external analyses indicating&nbsp;<a href="https://forum.cosmos.network/t/high-severity-security-patch-upcoming-on-wed-10th-cwa-2023-004-brought-to-you-by-certik-and-confio/12840" class="external-link" rel="nofollow">a vulnerability within CosmWasm</a>.

&nbsp;
In response, the foundation has conducted a comprehensive review of Finschia's contracts, confirming that existing contracts are unaffected by this vulnerability.

&nbsp;
Additionally, we have temporarily controlled contract deployment on nodes with open endpoints as a precautionary measure. We are planning to conduct a chain upgrade in the near future, which will fundamentally eliminate this vulnerability.

&nbsp;
Thank you for your continued support and trust in our efforts to maintain the security and integrity of our network.

&nbsp;
We are the blockchain for all.
Finschia Foundation

Notice on Addressing CosmWasm Vulnerability

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707371744393.jpeg?updatedAt=1707371746000" width="1000" height="auto" alt="" />

&nbsp;
Hello, this is the Finschia Foundation.
&nbsp;

The Finschia Foundation and the Klaytn Foundation have jointly proposed the mainnet merge proposal, FGP-23.&nbsp;<a class="af mr" href="https://www.finschia.io/disclosure/detail/390/" rel="noopener ugc nofollow" target="_blank">This proposal</a>&nbsp;is scheduled to be submitted on-chain on Thursday, February 8th.
&nbsp;

The Finschia Foundation has determined that comprehensive explanation of the proposal is necessary for readers&rsquo; better understanding.
&nbsp;

Here we provide additional documentation on the Project Dragon project&rsquo;s background and effects.
<ul class="">
<li id="95aa" class="le lf fr lg b lh li lj lk ll lm ln lo lp lq lr ls lt lu lv lw lx ly lz ma mb ms mt mu bj" data-selectable-paragraph=""><a class="af mr" href="https://lin.ee/Tjcp2TL/bofu" rel="noopener ugc nofollow" target="_blank">Supplementary Documentation on Project Background and Effects (EN)</a></li>
<li name="f93c" class="graf graf--li"><a href="https://lin.ee/WmsX6aW/bofu" data-href="https://lin.ee/WmsX6aW/bofu" class="markup--anchor markup--li-anchor" rel="noopener" target="_blank">프로젝트 배경 및 효과에 대한 추가 설명 자료 (KR)</a></li>
<li id="53be" class="lm ln fr lo b lp lq lr ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj ml mm mn bj" data-selectable-paragraph=""><a class="af mk" href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707383809789.pdf?updatedAt=1707383810000" rel="noopener ugc nofollow" target="_blank">プロジェクトの背景及び効果に関する追加説明資料（JP）</a></li>
</ul>
&nbsp;

Thank you, The Finschia Foundation

Supplementary Documentation on Project Dragon Background and Effects

(2024.2.6 Revised)
<ul>
<li data-stringify-indent="0" data-stringify-border="0">The revised section regarding the numbers for the governance delegation and transfer plan of LINE NEXT in P12, which had not been included, has now been updated and reflected.</li>
</ul>


<section name="556e" class="section section--body">
<div class="section-divider"><hr class="section-divider" /></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">




</div>
</div>
</section>
<h3 name="ff0f" class="graf graf--h3"></h3>



<div class="p-rich_text_section">
&nbsp;
Greetings from the Finschia &amp; Klaytn team.
&nbsp;

We extend our proposal to the esteemed members of our governance and the community, aiming for the merger of Finschia &amp; Klaytn in pursuit of creating Asia&rsquo;s leading blockchain.
&nbsp;
<figure name="6f87" class="graf graf--figure"><img class="graf-image" data-image-id="1*3dmGDljAfujwijcf5-WSAQ.jpeg" data-width="1280" data-height="720" src="https://cdn-images-1.medium.com/max/1600/1*3dmGDljAfujwijcf5-WSAQ.jpeg" width="1000" height="auto" /></figure>

&nbsp;
<ul class="postList">
<li name="4a84" class="graf graf--li">Merger Proposal Overview: 
<ul class="postList">
<li name="d089" class="graf graf--li"><a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707181527796.pdf?updatedAt=1707181527000" data-href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1705378279271.pdf?updatedAt=1705378280000" class="markup--anchor markup--li-anchor" target="_blank" rel="noopener">Project Dragon (English)</a></li>
<li name="d089" class="graf graf--li"><a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707181525817.pdf?updatedAt=1707181526000" data-href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1705378279271.pdf?updatedAt=1705378280000" class="markup--anchor markup--li-anchor" target="_blank" rel="noopener">Project Dragon (Korean)</a></li>
<li name="d089" class="graf graf--li"><a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1707181528066.pdf?updatedAt=1707181528000" data-href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1705378279271.pdf?updatedAt=1705378280000" class="markup--anchor markup--li-anchor" target="_blank" rel="noopener">Project Dragon (Japanese)</a></li>
</ul>
</li>
</ul>
&nbsp;
<section name="556e" class="section section--body">
<div class="section-divider"><hr class="section-divider" /></div>
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">




</div>
</div>
</section>

<h3 name="ff0f" class="graf graf--h3"></h3>

The year 2024 is of great significance to us. With the approval of Bitcoin ETFs and the adoption of AI, we anticipate a rapid transition to Web3. Although the Asian market drives 34% of global GDP and 77% of cryptocurrency trading volume, the market capitalization of Asian blockchain is only at 5%, indicating a fragmented and underutilized sector. We see this as a significant opportunity. By integrating Finschia and Klaytn, which hold Asia&rsquo;s largest product and infrastructure assets, we aim to establish the leading blockchain in Asia and achieve explosive growth.


&nbsp;
The integrated blockchain will inherit and connect Web3 assets based on LINE and Kakao messengers, creating a robust ecosystem with over 250 million user touchpoints in Asia. Additionally, it will encompass more than 420 DApps and services, over 45 governance partners, and over 450 Web3 resources (based on foundations and key participants in the ecosystem), establishing the largest Web3 network in Asia.


&nbsp;
The ecosystem integration will be conducted in a way that maximizes synergy between the two entities. The Finschia&rsquo;s strong presence in Japan, Taiwan, Thailand, and Abu Dhabi will be combined with powerful networks of Klaytn in Korea, Singapore, and Vietnam. The merger will allow interoperability between Finschia&rsquo;s NFT, payment, AI services, and Klaytn&rsquo;s DeFi, and gaming services. The integrated token will be usable on both LINE and Kakao messengers. The merger of Finschia and Kakao is expected to create new Web3 infrastructures and enhance the scalability and liquidity of tokens in major Asian countries.


&nbsp;
A new integrated token (provisionally named PDT) will be issued, and holders of FNSA and KLAY will be able to claim this new token. This merger proposes a completely new tokenomics. Approximately 22.9% of the existing issuance will be burned, and the unissued supply will be permanently removed. The integrated inflation will be reduced to 5.2%, and a new 3-Layer burning model will be introduced to sustain growth.


&nbsp;
The integrated blockchain will combine Ethereum(EVM) and Cosmos(CosmWasm) technologies to provide a network with new compatibility and high performance. Its governance will involve over 45 companies, forming the largest Web3 governance in Asia. The expansion of participating companies and the enhancement of community delegation functions will maximize decentralization.


&nbsp;
❖ The schedule for the proposal is as follows.






1. Simultaneous posting of Finschia and Klaytn proposals &mdash; 2024.01.16 (Tue) 05:00 UTC
2. Simultaneous posting of Revised / Amended proposal (FGP-23)&mdash;2024.02.06 (Tue) 01:30 UTC
3. Commencement of governance voting &mdash; 2024.02.08 (Thur) 05:00 UTC
4. Conclusion of governance voting &mdash; 2024.02.15 (Thur) 05:00 UTC

&nbsp;

<section name="556e" class="section section--body">
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<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">



&nbsp;
If this proposal is approved, we plan to establish an integrated foundation within the second quarter, initiate the new token swap, complete governance integration, and launch new business initiatives for the merged mainnet. This merger is expected to mark the birth of Asia&rsquo;s largest blockchain ecosystem and accelerate the mass adoption of Web3 in Asia.


&nbsp;
For additional insights, please see the comprehensive details in the attached PDF document. Also, note that this proposal will be submitted and uploaded to <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov" data-href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">LINE Blockchain Scan&rsquo;s Governance page</a> on the day of governance voting commencement, the 8th of February.
&nbsp;

&nbsp;
The Finschia &amp; Klaytn Foundation
</div>
</div>
</section>
</div>

[FGP-23] Finschia x Klaytn Mainnet Merge: Proposal (Revised)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1706695077592.png?updatedAt=1706695078000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
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Greetings from the Finschia Foundation.
&nbsp;
Following the announcement of the Finschia x Klaytn merge addendum on January 25, we officially collected voices from governance participants and the community, focusing on the &lsquo;need for clarification and coordination of opinions&rsquo; from ecosystem participants. Summarized feedback includes:
&nbsp;
<ul>
<li>Concerns were expressed by some governance participants about the lack of advance notice for the merge proposal, resulting in an information gap. They emphasized the necessity for additional details and time to evaluate its background and impacts.</li>
</ul>
&nbsp;
<ul>
<li>Observations were made that the consolidated proposal was initially submitted on January 16. However, addendum, including major policy changes, were revealed on January 25, prompting the need for further clarification and an extended voting period.</li>
</ul>
&nbsp;
<ul>
<li>Time constraints between the addendum announcement and the start of voting, coupled with the absence of information on the final position of each participant, were highlighted as factors limiting proxy options.</li>
</ul>
&nbsp;
<ul>
<li>A perceived need for more quantitative and qualitative information on merge proposals.</li>
</ul>
&nbsp;
The Foundation recognizes that these statements were influenced by 1) the challenging nature of the proposal, making it hard to share with governance participants beforehand, and 2) the exceptional distribution of addendum. As the proposer of the proposal, the Foundation acknowledges a significant responsibility for the &lsquo;need for clarification and coordination of opinions.&rsquo; Consequently, we have decided to provide further clarifications to key governance participants and the community, and to restructure and resubmit the proposal.
&nbsp;
<ul class="postList">
<li name="be47" class="graf graf--li">February 1 (Thu) ~ February 7 (Wed): Sharing detailed documentation with the community and Finschia Governance Members to provide deeper insights&nbsp;</li>
<li name="cbe0" class="graf graf--li">February 8 (Thu) 05:00 UTC ~ February 15 (Thu) 05:00 UTC: Commencement of FGP-23 voting</li>
</ul>
<h5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;❖ Exact voting time may vary slightly, and a separate notice will be announced if any change</h5>
&nbsp;
</div>
</div>
</section>
<section name="214b" class="section section--body">
<div class="section-divider"></div>
<div class="section-content">
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The existing <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/22" data-href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/22" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">FGP-22 proposal</a> is scheduled to undergo restructuring as FGP-23 on February 8th (Thursday) at 14:00 KST. In case this transition takes place, the formal vote and decision will take place under the FGP-23 proposal.
&nbsp;
The Foundation will endeavor to build a deeper understanding and broader consensus on the integration project during an adjusted timeframe to reflect the requests of the governance participants. However, it is not conducted to negotiate token swap rates or additional airdrops for the mainnet merge.
&nbsp;
For those governance participants who recognize the need for further clarification and validation are encouraged to provide feedback to the Foundation. We will continue to engage in more communication and AMA sessions within the Finschia community, actively listening to community opinions and enhancing overall understanding.
&nbsp;
We are still the blockchain for all.
Finschia Foundation

</div>
</div>
</section>

[FGP-22] Extended Clarification and Resubmission to FGP-23

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1706618023827.png?updatedAt=1706618024000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
Greetings from the Finschia Foundation.
&nbsp;
The &lsquo;Finschia x Klaytn Mainnet Merge&rsquo; proposal (<a class="af lc" href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/22" rel="noopener ugc nofollow" target="_blank">FGP-22</a>) has been open for governance voting since January 26, 2024 at 05:22 UTC, with voting set to close on February 2, 2024 at 05:22 UTC. Following the announcement of the revised proposal on January 25, we officially collected voices from governance participants and the community, focusing on the &lsquo;need for clarification and coordination of opinions&rsquo; from ecosystem participants. Summarized feedback includes:
&nbsp;
<ul>
<li>Concerns were expressed by some governance participants about the lack of advance notice for the merge proposal, resulting in an information gap. They emphasized the necessity for additional details and time to evaluate its background and impacts.</li>
</ul>
&nbsp;
<ul>
<li>Observations were made that the consolidated proposal was initially submitted on January 16. However, addendum, including major policy changes, were revealed on January 25, prompting the need for further clarification and an extended voting period.</li>
</ul>
&nbsp;
<ul>
<li>Time constraints between the addendum announcement and the start of voting, coupled with the absence of information on the final position of each participant, were highlighted as factors limiting proxy options.</li>
</ul>
&nbsp;
In particular, Finschia Governance Member A41 expressed a &lsquo;No with Veto&rsquo; vote, anticipating the proposal&rsquo;s progression with robust community support despite inadequate explanation from a unified token, governance, and technical perspective.
&nbsp;
The Foundation perceives that these remarks were influenced by 1) the challenging nature of the proposal, making it hard to share with governance participants beforehand, and 2) the exceptional distribution of addendum. As the proposer of the proposal, the Foundation acknowledges a significant responsibility for the &lsquo;No with Veto&rsquo;, particularly considering the insufficient explanation of the proposal.
&nbsp;
Consequently, a decision has been made to provide further clarifications to key governance participants and the community regarding the merge proposal, and to modify the voting period as outlined below.
&nbsp;
<ul class="">
<li id="1b08" class="uc ud pj ue b uf ug uh ui uj uk ul um un uo up uq ur us ut uu uv uw ux uy uz vi vb vc bj" data-selectable-paragraph="">January 30 (Tue):&nbsp;Announcement of the reasons for the voting period change</li>
<li id="c491" class="uc ud pj ue b uf vd uh ui uj ve ul um un vf up uq ur vg ut uu uv vh ux uy uz vi vb vc bj" data-selectable-paragraph="">January 31 (Wed): Suspension of current voting</li>
<li id="851b" class="uc ud pj ue b uf vd uh ui uj ve ul um un vf up uq ur vg ut uu uv vh ux uy uz vi vb vc bj" data-selectable-paragraph="">February 1 (Thu) ~ February 7 (Wed): Sharing detailed documentation with the community and Finschia Governance Members to provide deeper insights</li>
<li id="4048" class="uc ud pj ue b uf vd uh ui uj ve ul um un vf up uq ur vg ut uu uv vh ux uy uz vi vb vc bj" data-selectable-paragraph="">February 8 (Thu) ~ February 15 (Thu): Reopening of the voting</li>
</ul>
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&nbsp;
The adjustment to the voting period is intended to facilitate clarification and solicit feedback from ecosystem participants.&nbsp;It is not conducted to negotiate token swap rates or additional airdrops for the mainnet merge.
&nbsp;
Governance participants who recognize the need for further clarification and validation are encouraged to provide feedback to the Foundation. The Foundation will endeavor to build a deeper understanding and broader consensus on the integration project during an adjusted timeframe to reflect the requests of the governance participants.
&nbsp;

Starting today, we will be hosting Ask Me Anything (AMA) sessions within the community. We invite you to stay with us as we share more details, ensuring a better understanding of this matter and contributing to the robust construction of our ecosystem.&nbsp;

&nbsp;
We&rsquo;re still the blockchain for all.
Finschia Foundation
</div>
</div>
</div>

[FGP-22] Finschia x Klaytn Mainnet Merge: Governance Voting Schedule Update

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1706505727239.png?updatedAt=1706505728000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
Greetings from the Finschia Foundation.
&nbsp;

The Finschia Foundation has observed inaccurate statements circulating within the community and media regarding the chain merge proposal vote. The Foundation conducted this process in a fair and transparent manner, without prior consultations among governance members. We believe pre-existing agreements among governance participants may compromise fairness and influence markets with inconclusive information. Our commitment is to provide clear and factual information about votes and amendments.
&nbsp;
&nbsp;&nbsp;
<ul>
<li name="c466" class="graf graf--li">The Foundation conducted this process fairly and transparently, without prior consultations between governance members, ensuring equal information distribution to all participants.</li>
</ul>
&nbsp;
<ul>
<li name="0c98" class="graf graf--li">The Foundation has not entered into any agreements with governance participants to secure their final voting intentions. As a result, each participant&rsquo;s ultimate decision is regarded not as definitive information but as speculation. Furthermore, there are no undisclosed benefits or penalties for expressing a particular position.</li>
</ul>
&nbsp;
<ul>
<li name="5fe9" class="graf graf--li">Every governance participant has the autonomy to support or oppose the proposal based on 1) their judgment of activating the Finschia ecosystem, and 2) their business and user position. The Foundation places no restrictions or limitations on participants expressing their support or opposition. All participants are encouraged to openly declare their stance and delegate at their discretion.</li>
</ul>
&nbsp;
<ul>
<li name="8fe7" class="graf graf--li">All policies related to the governance process have been finalized and executed by the existing governance participants and through user delegation-based voting. In order to ensure fairness and transparency in the voting process, no changes or actions have been specifically implemented for this vote.</li>
</ul>
&nbsp;
<ul>
<li name="14e0" class="graf graf--li">Regardless of whether users expressed support or opposition during the public feedback period, the amended proposal was finalized through a governance-driven process. This process included: 1) attentive consideration of participant feedback, 2) an internal review from a market rationality perspective, and 3) coordination between the two blockchains.</li>
</ul>
&nbsp;
<ul>
<li name="f022" class="graf graf--li">The final revised document remained undisclosed to any of the governance participants until one hour before the official announcement. It underwent revisions and was crafted through the coordination process between the two blockchains.</li>
</ul>
&nbsp;
<ul>
<li name="0acc" class="graf graf--li">Representing users and their communities, governance participants primarily emphasized the difficulty of adjusting token swap fees beyond market rationality. However, they strongly advocated prioritizing the expansion of user rewards. As a result, the revised proposal establishes the proportion of user compensations to total rewards between 84% and 91%. Participants actively voicing their opinions have publicly stated that they conveyed their views to the Foundation, noting a significant incorporation of their input.</li>
</ul>
&nbsp;
<ul>
<li name="34a8" class="graf graf--li">All compensation measures outlined in the amendment were established without regard to whether the affected company or individual voted for, against, or abstained. This ensures that no compensation policy is influenced by a specific voting intention, guaranteeing equal compensation for all companies or individuals, regardless of their final voting stance.</li>
</ul>
&nbsp;
<ul>
<li name="3dda" class="graf graf--li">The dApp migration support plan is intended for developers whose current user base is affected by two factors: 1) the delayed release of CosmWasm-based dApps originally planned for Q1, and 2) participants&rsquo; requests to maximize the proportion of returning users. As a result, a minimum of 70% of the plan is earmarked for user compensation.</li>
</ul>
&nbsp;
<ul>
<li name="3ae4" class="graf graf--li">Allocations within the dApp migration support plan were determined based on the size and number of publicly known upcoming services. The overall funding was set within the usual and reasonable grant and migration size, taking into account two key factors: 1) the minimum 70% user compensation requirement, and 2) the potential indefinite delay of services until the merged blockchain is launched.</li>
</ul>

&nbsp;

Additionally, GoodGang Labs has requested the advance sharing of the amended policy, anticipating changes in our official stance due to the amended proposal and adjustments in user compensation resources. This request aimed to secure adequate undelegation time for their community users, as promised. Key policy highlights were communicated during the revision announcement, and GoodGang Labs subsequently confirmed the final policy in an official announcement. It is also crucial to note that BUGHOLE has publicly declared their commitment to voting based on community feedback, even after the public feedback period, and their stance did not influence the amended proposal/policy.
&nbsp;

The consideration to extend the voting period following the amendment announcement is currently under internal review. If everything progresses as planned, a final decision will be reached with input from both blockchains and governance participants. Rest assured, we are committed to vehemently opposing any misinformation, especially attempts to artificially undermine the fairness of the voting process.
&nbsp;

The Finschia Foundation remains dedicated to ensuring a transparent and fair voting process as well as the entire chain merge proposal.
&nbsp;
We are still the blockchain for all.
Finschia Foundation

Facts regarding the chain merge proposal vote

[Article #2] Project Dragon: Responding to Institutional Demand

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1705976523631.png?updatedAt=1705976524000" width="1000" height="auto" alt="" style="display: block; margin-left: auto; margin-right: auto;" />

&nbsp;
In the joint Q&amp;A session held on January 19th by the Finschia Foundation and the Klaytn Foundation, the focus was on the direction of the chain merger and its impact on the ecosystem. However, in response to the ongoing demands from the community, we will release a revised proposal.

&nbsp;
In the upcoming Finschia individual Q&amp;A session, we will delve into the detailed content of the revised proposal. Please feel free to submit your questions until January 24th, 23:59 (KST), and we will address them during the session.

&nbsp;
Note that not all pre-submitted questions will be addressed, and content or questions duplicating the first Q&amp;A session or containing excessive criticism may be subject to removal at our discretion.

&nbsp;
■ Date &amp; Time: 2024.01.25 (Thur) 19:00 - 20:00 (KST)
■ Languages:&nbsp;KR/EN/JP
■ Participate:&nbsp;<a href="https://workers-hub.zoom.us/j/88930291968?pwd=cXRtUmhieDZrZE1mb2ZmT1NTQ0ZTdz09" data-href="https://workers-hub.zoom.us/j/88930291968?pwd=cXRtUmhieDZrZE1mb2ZmT1NTQ0ZTdz09" class="markup--anchor markup--li-anchor" rel="noopener" target="_blank">https://workers-hub.zoom.us/j/88930291968?pwd=cXRtUmhieDZrZE1mb2ZmT1NTQ0ZTdz09</a>
■&nbsp;Submit your questions before midnight on January 24: <a href="https://forms.gle/EPjPwdMFTZkJQi3CA" data-href="https://forms.gle/EPjPwdMFTZkJQi3CA" class="markup--anchor markup--li-anchor" rel="noopener noreferrer noopener" target="_blank">https://forms.gle/EPjPwdMFTZkJQi3CA</a>
&nbsp;
<h1 class="nb nc fr be nd ne nf ng nh ni nj nk nl nm nn no np nq nr ns nt nu nv nw nx ny bj" data-selectable-paragraph=""></h1>
<h1 id="6030" class="nb nc fr be nd ne nf ng nh ni nj nk nl nm nn no np nq nr ns nt nu nv nw nx ny bj" data-selectable-paragraph="">IMPORTANT</h1>
<ul class="">
<li>The session will start promptly at 19:00, with entry allowed 10 minutes before.&nbsp;</li>
<li>The session will be conducted in Korean, with simultaneous translation available in English and Japanese.</li>
<li>A 'translation' function will activate at the session's onset at the bottom of the Zoom screen.</li>
<li>No Zoom account is necessary; you can access the URL from any location.</li>
<li>For assistance with joining Zoom Webinars, please click&nbsp;<a href="https://support.zoom.com/hc/en/article?id=zm_kb&amp;sysparm_article=KB0064143" class="external-link" rel="nofollow">here</a>.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation

Follow-up Session: Finschia Q&A

[Article #1] Project Dragon: Crafting the Core of Project Dragon’s DeFi Ecosystem

To Our Community and Governance Members,


&nbsp;


On January 16th, the Finschia and Klaytn foundations jointly proposed an ecosystem and chain merge via each ecosystem&rsquo;s respective governance process (<a href="https://medium.com/lineblockchain/fgp-23-finschia-x-klaytn-mainnet-merge-5c429e69d265" data-href="https://medium.com/lineblockchain/fgp-23-finschia-x-klaytn-mainnet-merge-5c429e69d265" class="markup--anchor markup--p-anchor" target="_blank" rel="noopener">url</a>). Since the proposal, both the Finschia and Klaytn foundations have been in dialogue with governance members and the community to help facilitate consensus around our vision for establishing Asia&rsquo;s largest blockchain ecosystem. Both Finschia and Klaytn foundations are actively listening to the feedback coming in from governance members and the community, and will work together to facilitate alignment between all ecosystem contributors up until and beyond the voting process.
&nbsp;
<figure name="6f87" class="graf graf--figure"><img class="graf-image" data-image-id="1*3dmGDljAfujwijcf5-WSAQ.jpeg" data-width="1280" data-height="720" src="https://cdn-images-1.medium.com/max/1600/1*3dmGDljAfujwijcf5-WSAQ.jpeg" width="1000" height="auto" style="display: block; margin-left: auto; margin-right: auto;" /></figure>

&nbsp;
<ul class="postList"></ul>
<h1 name="bab6" class="graf graf--h3">1. Our Vision for &lsquo;The&nbsp;Merge&rsquo;</h1>
1) &lsquo;The Merge&rsquo; proposal aims to combine the Finschia and Klaytn ecosystems, two of the largest blockchain infrastructure and web3 ecosystems in Asia, to establish the number one blockchain ecosystem in the region.
&nbsp;
2)&nbsp;Anticipating a rapid increase in institutional and public demand for Web3, the catalyst being the recent BTC ETF approval, combining the on-chain assets, infrastructure, and user base of both ecosystems we believe will result in exponential growth and adoption.&nbsp;

&nbsp;
3)&nbsp;The newly merged ecosystem and chain will facilitate synergy and competitiveness in four key areas:

<ul class="postList">
<li name="2283" class="graf graf--li">a)&nbsp;Ecosystem: Inheriting LINE and Kakao messenger-based Web3 assets, creating a potential user pool of over 250 million web3 users in Asia, 420+ DApps, 45+ governance partners, and 450+ Web3 resources.</li>
<li name="e9bc" class="graf graf--li">b)&nbsp;Tokenomics: Leveraging the strengths of each blockchain, introducing a sustainability-and-value-creation first tokenomics model with an innovative 3-layer burning mechanism and optimized inflation.&nbsp;</li>
<li name="3eab" class="graf graf--li">c)&nbsp;Core Network: Combining Ethereum (EVM) and Cosmos (CosmWasm) tech stacks, to establish a new network protocol focused on maximum interoperability and scalability.&nbsp;</li>
<li name="5a6c" class="graf graf--li">d)&nbsp;Governance: Establishing the largest Web3 governance with participation from over 45 global entities, focused on stable and decentralized governance, while expanding partnerships and strengthening community involvement via enhanced delegation features.&nbsp;</li>
</ul>
&nbsp;
4)&nbsp;Additionally, post-merge, both foundations will collaborate on new business initiatives in areas such as institutional infrastructure, large-scale DeFi, native stablecoins, AI DApp discovery, and the tokenization of Web2 assets.

&nbsp;
&nbsp;
<section name="556e" class="section section--body">
<div class="section-divider"></div>
</section>


<h1 name="bab6" class="graf graf--h3">2. Community Engagement &amp; Consensus</h1>
<h1 name="bab6" class="graf graf--h3"></h1>



As mentioned above, the Finschia and Klaytn foundations will actively engage with governance members and the community to pursue consensus.&nbsp;


&nbsp;

We will conduct the first joint public Q&amp;A session on January 19th, with a separate Q&amp;A session held for each respective community on January 24th. In addition, we will be sharing our &lsquo;Merge Synergy and Strategy&rsquo; beginning next week, until the voting period to assist our community in getting a clearer picture of our vision. Beyond the community Q&amp;A sessions, each Foundation will continue to communicate with respective governance partners and community members.&nbsp;
&nbsp;


<ul class="postList">
<li name="4f17" class="graf graf--li">Governance vote opens: 2024.01.26 (Fri) 05:00 UTC&nbsp;</li>
<li name="a497" class="graf graf--li">Governance vote closes: 2024.02.02 (Fri) 05:00 UTC</li>
</ul>



&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1705625343485.png?updatedAt=1705625343000" width="818" height="277" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
&nbsp;

<h1 name="bab6" class="graf graf--h3">3. FAQ</h1>
<h1 name="bab6" class="graf graf--h3"></h1>


&nbsp;
<section name="556e" class="section section--body">
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">

<ul>
<li name="bf5c" class="graf graf--p">
Q1) Will the new chain merge happen on one of two existing chains?

</li>
<li name="bf5c" class="graf graf--p">
A1) No, the newly established foundation will approach the merge in phases, with the first phase of the merge - token generation and governance - to take place on an EVM core stack; in the meantime, both existing chains will be maintained, and feedback from both Klaytn and Finschia governance members, partners, builders and communities will actively pursued. Furthermore, the newly established foundation will work to minimize resources required in the migration process.
</li>
</ul>

&nbsp;
<ul>
<li>
Q2) Will one of two foundations cease operations?

</li>
<li>
A2) No, neither foundation will cease to operate - instead a new combined foundation will be established, and personnel from both Finschia and Klaytn Foundations will continue to develop and work on the merged chain. All existing assets and resources will be combined. LINE NEXT, a LINE Web3 subsidiary together with GROUND X, a Kakao subsidiary, will continue cooperating with the newly established foundation, participating in governance and contributing to the ecosystem as before.
</li>
</ul>

&nbsp;
<ul>
<li name="187d" class="graf graf--p">
Q3) Won't there be a difference in voting power if governance of the two chains is merged?

</li>
<li name="187d" class="graf graf--p">
A3) During the merging of governance, if an existing member lacks the minimum staking amount due to changes in validation criteria, the newly established foundation will provide token delegation support accordingly, based on partner contributions and feedback from other members. Concrete governance structure and policies will be finalized upon the approval of the proposal, prior to any merging of governance.
</li>
</ul>

&nbsp;
<ul>
<li name="5d04" class="graf graf--p">
Q4) Why wasn't the merge proposal shared with governance members and community beforehand?

</li>
<li name="5d04" class="graf graf--p">
A4) Due to the scale of the proposal, maintaining security and avoiding market manipulation was of utmost priority in order to ensure a valid and level voting process. Both foundations decided the best approach was to simultaneously upload the merge proposal without prior consultation in order to maintain neutrality and objectiveness.
</li>
</ul>

&nbsp;
<ul>
<li name="e013" class="graf graf--p">
Q5) Does the merge mean that existing, pre-announced ecosystem milestones for the rest of 2024 are put on hold?

</li>
<li name="e013" class="graf graf--p">
A5) No. Key business and marketing milestones for each respective foundation will proceed as planned, independent of the merge. Post-merge, the newly established foundation will take over existing milestones while pursuing new ecosystem initiatives, leveraging newly combined resources.
</li>
</ul>


&nbsp;
&nbsp;


Both the Finschia and Klaytn foundations believe the merge proposal will act as a catalyst for the new era of growth and expansion, spearheading the transformation and advancement of Asia&rsquo;s Web3 industry. We are grateful of the overwhelming support and feedback from the governance members and the community and will do our utmost to move forward in the best possible direction.
&nbsp;



Regards,
The Finschia &amp; Klaytn Foundation
</div>
</div>
</section>

Finschia x Klaytn Chain Merge Proposal: Our Vision for Asia's No.1 Blockchain Ecosystem

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1705569193491.png?updatedAt=1705569194000" width="754" height="395" alt="" style="display: block; margin-left: auto; margin-right: auto;" />

&nbsp;
The Finschia Foundation and Klaytn Foundation have announced the blockchain merge, aiming for the no.1 mainnet in Asia. To address community questions regarding the future direction and its impact on the two ecosystems, we&rsquo;re hosting a joint Q&amp;A session. If you&rsquo;re one of Finschia community members, join us here!!

&nbsp;
■ Date:&nbsp;2024.01.19 (Fri)
■ Time:&nbsp;20:00&ndash;21:30 (KST)
■ Languages:&nbsp;KR/EN/JP
■ Participate:&nbsp;<a class="af na" href="https://workers-hub.zoom.us/j/82114191770?pwd=NG5adEhpRHowcHBmbHl4elZlSXBRUT09" rel="noopener ugc nofollow" target="_blank">https://workers-hub.zoom.us/j/82114191770?pwd=NG5adEhpRHowcHBmbHl4elZlSXBRUT09</a>
■ Drop your questions by January 18 midnight:&nbsp;<a class="af na" href="https://forms.gle/QFuv65kxpgVS3r6v8" rel="noopener ugc nofollow" target="_blank">https://forms.gle/QFuv65kxpgVS3r6v8</a>
&nbsp;
<h1 class="nb nc fr be nd ne nf ng nh ni nj nk nl nm nn no np nq nr ns nt nu nv nw nx ny bj" data-selectable-paragraph=""></h1>
<h1 id="6030" class="nb nc fr be nd ne nf ng nh ni nj nk nl nm nn no np nq nr ns nt nu nv nw nx ny bj" data-selectable-paragraph="">IMPORTANT</h1>
<ul class="">
<li id="0dcb" class="lu lv fr lw b lx nz lz ma mb oa md me mf ob mh mi mj oc ml mm mn od mp mq mr ms mt mu bj" data-selectable-paragraph="">The session will start promptly at 20:00, with entry allowed 10 minutes before.</li>
<li id="5898" class="lu lv fr lw b lx mv lz ma mb mw md me mf mx mh mi mj my ml mm mn mz mp mq mr ms mt mu bj" data-selectable-paragraph="">The session will be conducted in Korean, with simultaneous translation provided in English and Japanese.</li>
<li id="d423" class="lu lv fr lw b lx mv lz ma mb mw md me mf mx mh mi mj my ml mm mn mz mp mq mr ms mt mu bj" data-selectable-paragraph="">A pre-announcement will be made by the session host upon entering the URL above (directed to Zoom Webinars).</li>
<li id="9ed1" class="lu lv fr lw b lx mv lz ma mb mw md me mf mx mh mi mj my ml mm mn mz mp mq mr ms mt mu bj" data-selectable-paragraph="">A &lsquo;globe&rsquo; button will be displayed at the bottom of the Zoom screen, and the function will activate once the session starts.</li>
<li id="126a" class="lu lv fr lw b lx mv lz ma mb mw md me mf mx mh mi mj my ml mm mn mz mp mq mr ms mt mu bj" data-selectable-paragraph="">Registration to Zoom account is NOT required and you can join the URL from anywhere.</li>
<li id="a43a" class="lu lv fr lw b lx mv lz ma mb mw md me mf mx mh mi mj my ml mm mn mz mp mq mr ms mt mu bj" data-selectable-paragraph="">If you encounter issues joining Zoom Webinars, please refer to the&nbsp;<a class="af na" href="https://support.zoom.com/hc/en/article?id=zm_kb&amp;sysparm_article=KB0064143" rel="noopener ugc nofollow" target="_blank">details here</a>.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation

Session Alert: Finschia x Klaytn Q&A

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1705538646173.png?updatedAt=1705538646000" width="1000" height="auto" alt="" />

&nbsp;
Hello, this is the Finschia Foundation.
&nbsp;
SEGA Singapore, a subsidiary of global gaming giant SEGA, is participating as a member of the Finschia governance.

&nbsp;
SEGA Singapore is a subsidiary of SEGA, world&rsquo;s leading company for developing and publishing games across multiple platforms and genres. SEGA Singapore is responsible for developing the SEGA Group&rsquo;s Web3 business globally and marketing activities to enter the Southeast Asian market. As a governance member, SEGA Singapore will verify the stable operation of the blockchain mainnet and the security of the network.

&nbsp;
<h1 class="p1" id="id-231221_FGM추가공개:Stamper-HowwillStampercontributetotheFinschiaecosystem?">SEGA Singapore in the Finschia Ecosystem</h1>
<ul>
<li>
<h3>Contributing to Web3 game development based on SEGA IP</h3>
<ul>
<li name="b360" class="graf graf--li">To expand the Finschia ecosystem and popularize Web3, SEGA Singapore plans to collaborate in the development of Web3 games using famous SEGA IPs (Intellectual Properties).</li>
<li name="2044" class="graf graf--li">The Foundation looks forward to growing and evolving by increasing the participation of global Web3 game users in the Finschia ecosystem.</li>
</ul>
</li>
</ul>
&nbsp;
<ul>
<li>
<h3>Participating as a governance member</h3>
<ul>
<li name="50b0" class="graf graf--li">To collaborate with leading companies in various industries, forming governance to ensure the stable operation of the mainnet and jointly contribute to the expansion of the ecosystem.</li>
</ul>
</li>
</ul>

&nbsp;
Furthermore, SEGA Singapore&rsquo;s node will be available starting today (January 18) at noon. We encourage extensive use of the FINSCHIA (FNSA) staking services through the <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/staking" data-href="https://scan.blockchain.line.me/Finschia%20Mainnet/staking" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">LINE Blockchain Scan</a> and DOSI Vault mobile applications. (&gt; <a href="https://medium.com/lineblockchain/finschia-fnsa-%EC%8A%A4%ED%85%8C%EC%9D%B4%ED%82%B9-beta-%EB%AA%A8%EB%B0%94%EC%9D%BC-%EC%84%9C%EB%B9%84%EC%8A%A4-%EC%9D%B4%EC%9A%A9-%EA%B0%80%EC%9D%B4%EB%93%9C-cf3f67393739">See DOSI Vault Usage Guide</a>)

&nbsp;
We are the blockchain for all.
Finschia Foundation

&nbsp;
---

&nbsp;
About Finschia Foundation
The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain, &ldquo;Blockchain for All&rdquo;, the Foundation operates its third-generation public blockchain mainnet &ldquo;Finschia&rdquo; and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.

&nbsp;
About&nbsp;SEGA CORPORATION
SEGA CORPORATION is headquartered in Tokyo, Japan, and is a worldwide leader in interactive entertainment both inside and outside the home. The company develops, publishes, and distributes a variety of games for consoles, PCs, and wireless devices, as well as developing and distributing arcade machines, merchandise, and various other products. Moreover, SEGA distributes a range of gaming content developed by its domestic and overseas studios worldwide via its global publishing bases. (<a href="https://www.sega.co.jp/" data-href="https://www.sega.co.jp/" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">https://www.sega.co.jp/</a>)

&nbsp;
About&nbsp;SEGA Singapore Pte. Ltd.
SEGA Singapore Pte. Ltd. is responsible for local market research and marketing within the Southeast Asian market, which is expected to grow significantly in future, while simultaneously developing the SEGA Group&rsquo;s Web3 business globally. (<a href="https://ssg.sega.com/" data-href="https://ssg.sega.com/" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">https://ssg.sega.com/</a>)


----
&nbsp;

▶︎ Finschia general inquiries: <a href="http://finschia.io/contact" data-href="http://finschia.io/contact" class="markup--anchor markup--p-anchor" rel="nofollow noopener noopener noopener" target="_blank">finschia.io/contact</a>
▶︎ Developer inquiries: <a href="mailto:dev@finschia.org" data-href="mailto:dev@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">dev@finschia.org</a>
▶︎ Business/Partnership inquiries: <a href="mailto:contact@finschia.org" data-href="mailto:contact@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">contact@finschia.org</a>
&nbsp;
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Finschia welcomes SEGA Singapore as Finschia Governance Member and node validator 

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on January 10, 2024. FINSCHIA will be used for the DOSI Partner as part of the dApp Support Program from the minted Reserve FINSCHIA(<a href="https://www.finschia.network/disclosure/detail/130/">URL</a>). There will be no additional minting or changes in circulation due to this. The Finschia Foundation does not own pre-issued reserves (Reserve) under the Zero-reserve policy, and will not additionally issue FINSCHIA(FNSA) for this matter.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;

</div>
[Details]
<ul>
<li>Name of Service: DOSI Partner (dApp)</li>
<li>Applicable Date: 2024.1.10 11:00:00 (GST) ~ 2024.1.10 23:59:59 (GST)</li>
<li>Purpose of Use:&nbsp;dApp support program</li>
<li>Amount of Use:&nbsp; 17,485 FNSA&nbsp;(Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp;
<ul>
<li>1FNSA :&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/0DC6CC184C0B8CE4E19F57E591DE9D49DA04D7806EB6B91C94AA21CCD595CE04" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/0DC6CC184C0B8CE4E19F57E591DE9D49DA04D7806EB6B91C94AA21CCD595CE04" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/0DC6CC184C0B8CE4E19F57E591DE9D49DA04D7806EB6B91C94AA21CCD595CE04</a></li>
<li>17,484 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/EE0BE467A391937B5D929E0E1BDE7D9934CB51124387593BFFC398D14D4B39DA" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/EE0BE467A391937B5D929E0E1BDE7D9934CB51124387593BFFC398D14D4B39DA" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/EE0BE467A391937B5D929E0E1BDE7D9934CB51124387593BFFC398D14D4B39DA</a></li>
</ul>
<div class="content-wrapper">

</div>
&nbsp;



[Note]
<ul>
<li>DOSI Partner does not specify dApp or partner but is a collective term to indicate various partners.&nbsp;</li>
<li>The FNSA issued to the partner company will be used to build dApp/infra/solution to expand Finschia's ecosystem by prior arrangement.&nbsp;</li>
<li>The name(s) of the partner(s) will be disclosed once available.&nbsp;</li>
<li>No additional issuance of FINSCHIA tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2024/1/10)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1704440670849.png?updatedAt=1704440671000" width="1000" height="auto" alt="" />

Hello, this is the Finschia Foundation.

&nbsp;
We are excited to announce FNSA&rsquo;s additional listing on Bitget&rsquo;s USDT market. Users can now trade FNSA with USDT on Bitget except for residents in Japan and the United States.
&nbsp;
&nbsp;[Summary]
▶︎ Listing Token:&nbsp;FINSCHIA (FNSA)
▶︎ Listing Exchange:&nbsp;Bitget
▶︎ Trading Pair:&nbsp;FNSA/USDT
▶︎ Listing Date: 2024/01/05 11:00 UTC

&nbsp;
Please refer to each exchange&rsquo;s recent announcement where FNSA is listed&nbsp;for the deposit and withdrawal service,&nbsp;transaction, and more details.
▶︎ Bitget announcement:&nbsp;<a href="https://www.bitget.com/support/articles/12560603803047" class="external-link" rel="nofollow">https://www.bitget.com/support/articles/12560603803047</a>

&nbsp;
In addition, Finschia Foundation, the issuer of FNSA, and Bitget are holding an event worth 80,000 USD to commemorate the listing of FNSA. The details can be found on the Bitget event page, and please note that the schedule and specific details are subject to change. We look forward to great support and participation from many.
▶︎ Bitget Event :&nbsp;<a href="https://www.bitget.com/support/articles/12560603803044" class="external-link" rel="nofollow">https://www.bitget.com/support/articles/12560603803044</a>

&nbsp;
<div class="content-wrapper">
Additionally, please note that any announcements related to the listing of FNSA will only be made through the official Finschia website and our social media channels (Facebook, Twitter, Discord, Medium).
&nbsp;
Finschia Foundation always strives to stimulate the blockchain ecosystem and token economy.
&nbsp;
We are the blockchain for all.

&nbsp;
Finschia Foundation
</div>

---
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on FNSA's Listing on Bitget (2023/1/5) (Updated)

Hello, this is the Finschia Foundation.
&nbsp;
The Finschia Foundation has been continuously working to reward FNSA holders who contribute to the ecosystem. As part of this effort, we would like to inform you of the planned use of Reserve FINSCHIA (FNSA) scheduled for January 4, 2024.&nbsp;The Finschia Foundation does not own any pre-issued volume (Reserve) under the Zero-Reserve policy, and will not issue additional FINSCHIA (FNSA) specifically for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2024.1.4 12:00:00 ~ 2024.1.4 23:59:59 (GST)</li>
<li>Purpose of Use: Ecosystem expansion</li>
<li>Amount of Use: 2,648.13&nbsp;FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp;
<ul>
<li>1FNSA:&nbsp;<a href="https://explorer.blockchain.line.me/finschia/transaction/A71887DD3220D500D259CACCC46B8F34ABB34E990692942169E90EF64FFA2FF2">https://explorer.blockchain.line.me/finschia/transaction/A71887DD3220D500D259CACCC46B8F34ABB34E990692942169E90EF64FFA2FF2</a></li>
<li>2647.13&nbsp;FNSA:&nbsp;<a href="https://explorer.blockchain.line.me/finschia/transaction/8E01C04054AEC27E0B8C2510B20101FEAD1E00192E4847B9A86A6F1BF296C4E6">https://explorer.blockchain.line.me/finschia/transaction/8E01C04054AEC27E0B8C2510B20101FEAD1E00192E4847B9A86A6F1BF296C4E6</a></li>
</ul>
&nbsp;

&nbsp;
[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2024/1/4)

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA(FNSA) on January 4, 2024. The purpose of this use is for the ecosystem activation, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2024.1.4 12:00:00 ~ 2024.1.4 23:59:59 (GST)</li>
<li>Purpose of Use: Ecosystem activation</li>
<li>Amount of Use: 482.777904&nbsp;FNSA&nbsp;(Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp;
<ul>
<li>1 FNSA : <a href="https://explorer.blockchain.line.me/finschia/transaction/6C3DF4709DDFF9D205E35586BE7924A558269AA3EA5ACC91BEC68CA8030E6C99">https://explorer.blockchain.line.me/finschia/transaction/6C3DF4709DDFF9D205E35586BE7924A558269AA3EA5ACC91BEC68CA8030E6C99</a></li>
<li>481.777904 FNSA: <a href="https://explorer.blockchain.line.me/finschia/transaction/E9CECA8337D944A36B080F257DA24241E4343D0341F8690AFDFD3A178BCE1CFC">https://explorer.blockchain.line.me/finschia/transaction/E9CECA8337D944A36B080F257DA24241E4343D0341F8690AFDFD3A178BCE1CFC</a></li>
</ul>

&nbsp;

&nbsp;
[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1703736579688.png?updatedAt=1703736580000" width="1000" height="auto" alt="" />

&nbsp;
Hello, this is the Finschia Foundation.
&nbsp;
We are pleased to announce the new member of the Finschia Governance.

&nbsp;
BUGHOLE is a leading Web3 community operator in Korea, committed to creating a healthy community culture. Starting with the NFT community and BUGCITY ecosystem, it has been connecting various Web3 communities. The Foundation expects that BUGHOLE's joining Finschia Governance will bring the foundation and community closer. Particularly, the direct operation of the community by governance members with a high understanding of Finschia is anticipated to not only invigorate the community but also lead to various community events.

&nbsp;
<h1 class="p1" id="id-231221_FGM추가공개:Stamper-HowwillStampercontributetotheFinschiaecosystem?">How will BUGHOLE contribute to the Finschia ecosystem?</h1>
<ul>
<li>
<h2>Contributing to Community Activation</h2>
<ul>
<li>As a member of Finschia Governance, BUGHOLE will engage in transparent communication with the community, offering incentives for community members to actively and enthusiastically participate in on-chain governance. Community members will have the opportunity to propose on-chain items through dApps provided by BUGHOLE and express their opinions indirectly on Finschia on-chain governance items. The community's opinions will be directly conveyed to the foundation through governance members, thereby significantly contributing to the activation of the Finschia community. 
&nbsp;
<ul>
<li>Providing Community Forum-Based Services (dApps)</li>
<li>Increasing FNSA On-Chain Transactions</li>
<li>Expanding the DAO-Based Finschia Community</li>
</ul>
</li>
</ul>
</li>
</ul>
<ul>
<li style="list-style-type: none;">
<ul>
<li><a href="https://www.bugcity.io/">Learn more about BUGHOLE</a></li>
</ul>
</li>
</ul>

&nbsp;
Furthermore, BUGHOLE's node will be supported in due course. Following the public release of BUGHOLE's node, the use of Finschia staking services through <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/staking">LINE Blockchain Scan</a> and <a href="https://vault.dosi.world/">DOSI Vault</a> mobile application will become possible. By using Finschia staking services to contribute to the ecosystem, you can directly receive network contribution rewards. We appreciate your interest and usage. (&gt; <a href="https://medium.com/lineblockchain/finschia-fnsa-%EC%8A%A4%ED%85%8C%EC%9D%B4%ED%82%B9-beta-%EB%AA%A8%EB%B0%94%EC%9D%BC-%EC%84%9C%EB%B9%84%EC%8A%A4-%EC%9D%B4%EC%9A%A9-%EA%B0%80%EC%9D%B4%EB%93%9C-cf3f67393739">See DOSI Vault Usage Guide</a>)

&nbsp;
We are the blockchain for all.
Finschia Foundation

&nbsp;
---

&nbsp;
About Finschia Foundation
The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain, &ldquo;Blockchain for All&rdquo;, the Foundation operates its third-generation public blockchain mainnet &ldquo;Finschia&rdquo; and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.

&nbsp;
About BUGHOLE
BUGHOLE builds products with a strong focus on the 'All for Community' ethos. In the Web3 NFT sector, we established the BUGCITY ecosystem, connecting various communities. Until 2023, our offerings for communities on Ethereum, Polygon, and the Finsia blockchain have significantly contributed to these ecosystems. Entering 2024, our mission 'Beyond Social Experiences: Define Your Own Community Boundaries' aims to foster more personalized community interactions.

&nbsp;
----
&nbsp;

▶︎ Finschia general inquiries: <a href="http://finschia.io/contact" data-href="http://finschia.io/contact" class="markup--anchor markup--p-anchor" rel="nofollow noopener noopener noopener" target="_blank">finschia.io/contact</a>
▶︎ Developer inquiries: <a href="mailto:dev@finschia.org" data-href="mailto:dev@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">dev@finschia.org</a>
▶︎ Business/Partnership inquiries: <a href="mailto:contact@finschia.org" data-href="mailto:contact@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">contact@finschia.org</a>
&nbsp;
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Finschia welcomes BUGHOLE as Finschia Governance Member and node validator 

<h1 id="id-231215_FinschiaXNeopin파트너십-Summary.1">Summary</h1>
<ul>
<li name="651c" class="graf graf--li">Finschia has marked the official transition to a public network and its endpoint enables anyone to develop dApp services on Finschia without permission.</li>
</ul>
&nbsp;
&nbsp;
<figure name="58e1" class="graf graf--figure"><img class="graf-image" data-image-id="1*n8NUagxRtJ6-j4YCGb7cWw.png" data-width="1080" data-height="628" data-is-featured="true" src="https://cdn-images-1.medium.com/max/800/1*n8NUagxRtJ6-j4YCGb7cWw.png" /></figure>

&nbsp;
Hello, this is the Finschia Foundation.

&nbsp;
In November, as part of the initiative to improve chain accessibility and development convenience for external developers, Ebony was publicly opened to complete the core mission of dApp activation. We are now pleased to announce the completion of the public transition of Finschia with the opening of its endpoints. With the application node of Finschia now public, anyone can build dApp services on Finschia. All the information on the opened ports and Swagger UI can be found in the <a href="https://docs.finschia.network/node-management/interaction-with-finschia/overview" data-href="https://docs.finschia.network/node-management/interaction-with-finschia/overview" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">Finschia Docs</a>.


&nbsp;
❖ The application node, provided by the Finschia Governance Members (FGM) or the Finschia Foundation, is available for direct/indirect use by chain users (<a href="https://docs.finschia.network/basics/architecture" data-href="https://docs-finschia.line-beta.biz/basics/architecture" class="markup--anchor markup--p-anchor" target="_blank" rel="noopener">for definition and role, please refer to the link</a>).


&nbsp;
Additionally, you can manage your FNSA by integrating Finschia (including Ebony) into your Keplr extension wallet. We encourage you to register for Finschia <a href="https://chains.keplr.app/" data-href="https://chains.keplr.app/" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">here</a>.





&nbsp;
&nbsp;
<h1 name="b33c" class="graf graf--h3">What becomes possible after the public transition</h1>
Through the application node, external developers can now freely perform the following:
<ul class="postList">
<li name="dec8" class="graf graf--li">External developers can build their own full node (user node) and interact with the foundation&rsquo;s application node to execute and query transaction(Tx) in Finschia (all Tx available except for x/gov module).</li>
<li name="0b29" class="graf graf--li">Without building their own node, external developers can directly access the foundation&rsquo;s application node to execute and query transaction(Tx) in Finschia (all Tx available except for x/gov module).</li>
</ul>
<h3 name="0969" class="graf graf--h3 graf--empty"></h3>


&nbsp;
&nbsp;
<h1 class="p1" id="id-231115_에보니엔드포인트공개-EbonyResources">Finschia Resources</h1>
<ul>
<li name="61a8" class="graf graf--p"><a href="https://docs.finschia.network/node-management/use-wallet" data-href="https://docs.finschia.network/node-management/use-wallet" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">Keplr Chrome extension installation guide</a></li>
<li name="c6ee" class="graf graf--p"><a href="https://github.com/Finschia/tutorials/tree/main/keplr" data-href="https://github.com/Finschia/tutorials/tree/main/keplr" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">Keplr wallet installation tutorial (Github)</a></li>
<li name="c6ee" class="graf graf--p"><a href="https://docs.finschia.network/node-management/interaction-with-finschia/overview" data-href="https://docs.finschia.network/node-management/interaction-with-finschia/overview" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank" style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">Finschia Public Endpoints</a>
<ul>
<ul>
<li name="c6ee" class="graf graf--p">P2P Peer Information:
<ul>
<li name="c6ee" class="graf graf--p"><a href="mailto:484d01bbaa57830e87033c3593804e305d538204@147.92.234.184:26656">484d01bbaa57830e87033c3593804e305d538204@147.92.234.184:26656</a></li>
<li name="c6ee" class="graf graf--p"><a href="mailto:a1e0bfde4641fc9273700231e3a7c5859f0f389a@147.92.172.51:26656">a1e0bfde4641fc9273700231e3a7c5859f0f389a@147.92.172.51:26656</a></li>
<li name="c6ee" class="graf graf--p"><a href="mailto:1f56631a742d980955c72135e5dec159900212b3@147.92.234.226:26656">1f56631a742d980955c72135e5dec159900212b3@147.92.234.226:26656</a></li>
<li name="c6ee" class="graf graf--p">11f9fcb1bcae2eaf6f9a5a9369a96347660d20c8@147.92.172.69:26656</li>
</ul>
</li>
</ul>
</ul>
&nbsp;
<ul>
<li name="0355" class="graf graf--p">Endpoint:
<ul>
<li name="0355" class="graf graf--p">https://finschia-api.finschia.io (REST)</li>
<li name="0355" class="graf graf--p">https://finschia-rpc.finschia.io/ (RPC)</li>
<li name="0355" class="graf graf--p">finschia-grpc.finschia.io:443 (gRPC)</li>
</ul>
</li>
</ul>
</li>
</ul>


&nbsp;
❖ Finschia supports the use of the chain&rsquo;s API more conveniently by also providing Swagger. (<a href="https://finschia-api.finschia.io/swagger/" data-href="https://finschia-api.finschia.io/swagger/" class="markup--anchor markup--p-anchor" rel="noopener" target="_blank">https://finschia-api.finschia.io/swagger/</a>)


&nbsp;
&nbsp;
<h1 class="p1" id="id-231115_에보니엔드포인트공개-EbonyResources">Important Notes</h1>
<ul class="postList">
<li name="05fc" class="graf graf--li">Currently, under Finschia Mainnet policy, transactions (Tx) related to the governance module (x/gov) are only allowed to be broadcasted* by FGM (Finschia Governance Members). This means external broadcasting is not possible (Tx filtering limitation).</li>
<li name="284e" class="graf graf--li">*Broadcasting refers to the method of simultaneously transmitting information like transactions (Tx) or blocks to all nodes, ensuring that all nodes have the same information and are synchronized on the blockchain network.</li>
<li name="a582" class="graf graf--li">To prevent excessive load on the public application nodes due to high volumes of Tx broadcasting, a rate limit has been implemented. Therefore, broadcasting to application nodes may be restricted in the future depending on the situation.</li>
<li name="374c" class="graf graf--li">The public application nodes disclosed in this document are supported by the Finschia Foundation for ecosystem activation. The node operation may be suspended or the endpoints may change without prior notice, depending on internal situations of the Finschia Foundation or external environments.</li>
</ul>


&nbsp;
&nbsp;
This release of Finschia endpoints enables anyone to easily and quickly test and build dApps and services. Finschia is committed to actively supporting the discovery and growth of various dApps. We hope you will continue to support the limitless development of Finschia as it becomes a central player in the popularization of Web3.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;



---

&nbsp;


▶︎ Finschia general inquiries:&nbsp;<a class="external-link" href="http://finschia.io/contact" rel="nofollow">finschia.io/contact</a>

▶︎ Developer inquiries:&nbsp;<a class="external-link" href="mailto:dev@finschia.org" rel="nofollow">dev@finschia.org</a>

▶︎ Business/Partnership inquiries:&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>

&nbsp;
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcing the official launch of the public network and release of Finschia endpoint

Hello, this is the Finschia Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of November, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy (<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698734312440.pdf?updatedAt=1698734315000" class="external-link">URL</a>),&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2023/12/27
▸ Purpose of Reward: Service contribution reward
▸ Amount of Reward: 26,408.489612&nbsp;FNSA
▸ Governance Proposal: <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/21" class="external-link">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/21</a>

&nbsp;
[Reward: November]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Purpose of Reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
Service contribution reward
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Total Reward Amount
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
26,408.489612 FNSA
※ As of the end of November
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Block height of the last in November
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
60716920
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
The number of Service Contributor
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Reward Date
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
2023.12.27 06:23:00 (GST) ~
</td>
</tr>
</tbody>
</table>

&nbsp;
[Details]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Name of Service Contributor(Corp Name)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
DOSI (LINE NEXT Inc)
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment processing account address
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
link1xr3rq8yvd7qplsw5yx90ftsr2zdhg4e9z60h5duusgxpv72hud3sgmqjlr
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment amount (V)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
21,793.764000
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Contribution per service (C_Base)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Base reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
26,408.489612 FNSA
</td>
</tr>
</tbody>
</table>

&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors. (<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1700812737233.xls?updatedAt=1700812737000" target="_blank" rel="noopener">Excel</a>)

&nbsp;

Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia's service contribution reward : November

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1703121784063.png?updatedAt=1703121784000" width="1000" height="auto" alt="" />

Hello, this is the Finschia Foundation.
We are pleased to announce the new member of the Finschia Governance.

Cosmostation, a top blockchain technology company in South Korea, is participating as a governance member and node operator for Finschia. Cosmostation operates validator nodes for over 50 global blockchain networks and is a world-renowned validator node operation service. Notably, as a Cosmos Genesis validator and a key player in the Cosmos ecosystem, Cosmostation offers various Web3 services, including an interchain wallet, block explorer, and bridges. Their involvement is expected to significantly contribute to the expansion of the Finschia ecosystem.

<h2 class="p1" id="id-231221_FGM추가공개:Stamper-HowwillStampercontributetotheFinschiaecosystem?">How will Stamper contribute to the Finschia ecosystem?</h2>
<ul>
<li>
<h3>Contribution through Block Explorer Service</h3>
<ul>
<li>Cosmostation is the developer and operator of Mintscan, the largest block explorer service in the Cosmos ecosystem. Mintscan currently has over 2 million monthly page views and more than 450,000 users. Post its governance participation, it plans to support the Finschia mainnet. As Block Explorers are classified as essential infrastructure for providing transparent information to mainnets, it is expected that many community users and developers will receive information about Finschia through Mintscan, leading to increased opportunities for ecosystem participation.
<ul>
<li>Providing mainnet transaction history</li>
<li>Offering information on governance proposal voting</li>
<li>Enhancing the transparency of Finschia governance through transparent information provision</li>
</ul>
</li>
</ul>
</li>
</ul>
<ul>
<li><a href="https://www.cosmostation.io/">Learn more about Cosmostation&nbsp;</a></li>
</ul>

Additionally, with the addition of Cosmostation's node, users can now access Finschia staking services through the&nbsp;<a href="https://scan.blockchain.line.me/Finschia%20Mainnet/staking" class="external-link" rel="nofollow">LINE Blockchain Scan</a>&nbsp;and&nbsp;<a href="https://vault.dosi.world/" class="external-link" rel="nofollow">DOSI Vault</a>&nbsp;mobile applications. By utilizing the Finschia staking service and contributing to the ecosystem, users can directly receive network contribution rewards. We encourage your interest and participation. (<a href="https://medium.com/lineblockchain/finschia-fnsa-%EC%8A%A4%ED%85%8C%EC%9D%B4%ED%82%B9-beta-%EB%AA%A8%EB%B0%94%EC%9D%BC-%EC%84%9C%EB%B9%84%EC%8A%A4-%EC%9D%B4%EC%9A%A9-%EA%B0%80%EC%9D%B4%EB%93%9C-cf3f67393739" class="external-link" rel="nofollow">View the DOSI Vault Usage Guide</a>)

We are the blockchain for all.
Finschia Foundation

---

About Finschia Foundation
The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain, &ldquo;Blockchain for All&rdquo;, the Foundation operates its third-generation public blockchain mainnet &ldquo;Finschia&rdquo; and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.

About Cosmostation
Cosmostation is a Cosmos genesis validator and a key player in the Cosmos ecosystem, providing invaluable infrastructure legos essential for scaling and onboarding users onto blockchain networks. Through <a href="https://www.mintscan.io/">Mintscan,</a> Cosmostation continues to drive the ethos of transparency and user-centric design, fostering a more insightful interaction with blockchain data across various networks. At Cosmostation, we bootstrap networks and onboard end-users.

----

▶︎ Finschia general inquiries: <a href="http://finschia.io/contact" data-href="http://finschia.io/contact" class="markup--anchor markup--p-anchor" rel="nofollow noopener noopener noopener" target="_blank">finschia.io/contact</a>
▶︎ Developer inquiries: <a href="mailto:dev@finschia.org" data-href="mailto:dev@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">dev@finschia.org</a>
▶︎ Business/Partnership inquiries: <a href="mailto:contact@finschia.org" data-href="mailto:contact@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">contact@finschia.org</a>
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Finschia welcomes Cosmostation as Finschia Governance Member and node validator

<h1 id="id-231215_FinschiaXNeopin파트너십-Summary.1">Summary</h1>
<ul>
<li id="694a" class="mw mx fr my b mz na nb nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr ns nt nu nv nw bj" data-selectable-paragraph="">The Finschia Foundation and SuperWalk have entered into a partnership to provide M2E (Move to Earn) services.</li>
<li id="7b35" class="mw mx fr my b mz nx nb nc nd ny nf ng nh nz nj nk nl oa nn no np ob nr ns nt nu nv nw bj" data-selectable-paragraph="">Through this partnership, the Finschia Foundation and SuperWalk aim to collaborate on the development of multi-chain services.</li>
</ul>
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1703071373267.webp?updatedAt=1703071374000" width="1000" height="auto" alt="" />

&nbsp;
Hello, this is the Finschia Foundation.

&nbsp;

We are excited to announce our partnership with SuperWalk, a leading operator of a multi-chain based M2E (Move to Earn) platform.

&nbsp;

As previously revealed in our last announcement (<a class="af pd" rel="noopener" href="https://medium.com/lineblockchain/finschia-2024-a-public-blockchain-expanded-dapps-and-more-013b86223616">url</a>), Finschia Foundation and SuperWalk have formed a partnership to introduce M2E services, a key sector of Finschia&rsquo;s dApp offerings. Through this partnership, Finschia Foundation and SuperWalk aim to collaborate on the development of multi-chain dApp services.

&nbsp;

SuperWalk is a rapidly growing global M2E service, currently ranked 4th in the global game dApp rankings according to&nbsp;<a class="af pd" href="https://dappradar.com/?__cf_chl_rt_tk=29Tl0iQgGByrecUBKX947j1_42iS9QOQbIqc.nlZ17I-1703070344-0-gaNycGzNDhA" rel="noopener ugc nofollow" target="_blank">dApp Radar</a>. It offers services that are easily accessible to general users, thereby creating a bridge between Web2 and Web3. We are hopeful that this will contribute to the mass adoption that Finschia envisions through its services. Moving forward, Finschia will continue to provide Web3 services accessible to general users through our collaboration with SuperWalk.

&nbsp;

We are the blockchain for all.
Finschia Foundation

---
&nbsp;

About Finschia Foundation
The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain, &ldquo;Blockchain for All&rdquo;, the Foundation operates its third-generation public blockchain mainnet &ldquo;Finschia&rdquo; and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.
&nbsp;
About SuperWalk
SuperWalk (GRND) aims to create a Web 3.0 fitness platform through its Move-To-Earn project, encouraging healthy exercise habits among individuals. Users can earn rewards by walking and running, with the rewards varying based on the performance of the equipped shoe NFTs. The earned WALK tokens from activity rewards can be used for shoe maintenance, synthesis, leveling up, and more, while GRND can be utilized for staking and governance. The SuperWalk team plans to address the indiscriminate inflation issues mentioned in previous X2E projects and expand the utility of tokens within the ecosystem in the future.

---

&nbsp;
Follow Finschia on Twitter or Facebook for the latest news and updates. A monthly newsletter is issued on the 10th of each month or the following business day in the event of a weekend or holiday. Advance notice will be made through social channels should any delay, omission or other issues occur.
<a href="https://twitter.com/linebc_global" class="external-link" rel="nofollow">Twitter</a>&nbsp;l&nbsp;<a class="external-link" href="https://www.facebook.com/line.blockchain" rel="nofollow">Facebook</a>&nbsp;l&nbsp;<a class="external-link" href="https://discord.gg/2WKdP9a8HP" rel="nofollow">Discord</a>

---
&nbsp;

▶︎ Finschia general inquiries:&nbsp;<a class="external-link" href="http://finschia.io/contact" rel="nofollow">finschia.io/contact</a>
▶︎ Developer inquiries:&nbsp;<a class="external-link" href="mailto:dev@finschia.org" rel="nofollow">dev@finschia.org</a>
▶︎ Business/Partnership inquiries:&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Partnership Alert: Finschia Foundation and SuperWalk Join Hands for M2E Service

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on December 20, 2023. The purpose of this use is for the Foundation's operating costs and ecosystem activation, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2023.12.20 10:00:00 (GST) ~ 2023.12.20 23:59:59 (GST)</li>
<li>Purpose of Use: Foundation's operating costs and ecosystem activation</li>
<li>Amount of Use: 18,000 FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp;
<ul>
<li>1FNSA&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/3CD2C2B8908C0A4DF69B1AF4473815DCDD80F13B6B072E5E87F91AD30BA1F927" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/3CD2C2B8908C0A4DF69B1AF4473815DCDD80F13B6B072E5E87F91AD30BA1F927" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/3CD2C2B8908C0A4DF69B1AF4473815DCDD80F13B6B072E5E87F91AD30BA1F927</a></li>
<li>17,999 FNSA&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/4794BC563005A697E898D40E62AA138B5824588F208AABD0350540061DCCB90D" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/4794BC563005A697E898D40E62AA138B5824588F208AABD0350540061DCCB90D" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/4794BC563005A697E898D40E62AA138B5824588F208AABD0350540061DCCB90D</a></li>
</ul>

&nbsp;

[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023/12/20)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1703056455165.png?updatedAt=1703056456000" width="1000" height="auto" alt="" />

Hello. This is the Finschia Foundation.


Finschia is currently preparing for the public mainnet launch, focusing on diverse dApp onboarding and listings on new exchanges. In this process, we sought input from Finschia Governance Members and the community regarding a more rational distribution of initial Service Contribution Rewards (SCR) received by the service DOSI, operated by LINE NEXT Inc., from an ecosystem perspective.


Following discussions with LINE NEXT Inc., LINE NEXT Inc. has decided to return a significant portion (35% of the total received amount), mostly categorized as operational expenses, of the Service Contribution Rewards (SCR) to the Foundation. The Foundation plans to utilize the returned funds for more aggressive and rapid progress in upcoming new listings and dApp onboarding.


Additionally, the Foundation aims to closely examine the impact of Service Contribution Rewards (SCR) distributed to each dApp on the Finschia ecosystem post the public mainnet launch. Through this examination, we plan to establish appropriate reward levels and continuously enhance the token economy.


The Foundation expresses gratitude for LINE NEXT Inc.&rsquo;s decision. We look forward to continued collaboration with LINE NEXT Inc., Finschia Governance Members, and numerous partners to build a healthier and more robust ecosystem. Your continued interest and support are appreciated.


Thank you. 
Finschia Foundation

Returning DOSI SCR to Finschia Foundation

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on December 15, 2023. FINSCHIA will be used for the GAME DOSI Partner as part of the dApp Support Program from the minted Reserve FINSCHIA(<a href="https://www.finschia.network/disclosure/detail/130/">URL</a>). There will be no additional minting or changes in circulation due to this. The Finschia Foundation does not own pre-issued reserves (Reserve) under the Zero-reserve policy, and will not additionally issue FINSCHIA(FNSA) for this matter.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;

</div>
[Details]
<ul>
<li>Name of Service:&nbsp;GAME DOSI Partner (dApp)</li>
<li>Applicable Date: 2023.12.15 10:00:00 (GST) ~ 2023.12.15 23:59:59 (GST)</li>
<li>Purpose of Use:&nbsp;dApp support program</li>
<li>Amount of Use:&nbsp; 17,017 FNSA&nbsp;(Reserve)</li>
</ul>

❖ Blockchain Explorer: <a rel="nofollow" href="https://scan.blockchain.line.me/Finschia%20Mainnet" class="external-link"></a>
<ul>
<li>1 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/5B81931EA0D5084D386B10AC88A07168502CE84AC4C6518999831A20EBDE1B8C" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/5B81931EA0D5084D386B10AC88A07168502CE84AC4C6518999831A20EBDE1B8C" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/5B81931EA0D5084D386B10AC88A07168502CE84AC4C6518999831A20EBDE1B8C</a></li>
<li>17,016 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/8ECFD43D39BDC143F63ECE9F6FC8DD03545EB9B3DB406261E28578F414398214" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/8ECFD43D39BDC143F63ECE9F6FC8DD03545EB9B3DB406261E28578F414398214" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/8ECFD43D39BDC143F63ECE9F6FC8DD03545EB9B3DB406261E28578F414398214</a></li>
</ul>

&nbsp;

[Note]
<ul>
<li>GAME DOSI Partner does not specify dApp or partner but is a collective term to indicate various partners.&nbsp;</li>
<li>The FNSA issued to the partner company will be used to build dApp/infra/solution to expand Finschia's ecosystem by prior arrangement.&nbsp;</li>
<li>The name(s) of the partner(s) will be disclosed once available.&nbsp;</li>
<li>No additional issuance of FINSCHIA tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023/12/15)

<h1 name="5cb2" class="graf graf--h3">Summary</h1>
<ul class="postList">
<li name="5c99" class="graf graf--li">The maximum supply of FNSA will be changed from the current 1 billion to unlimited.</li>
<li name="5eaf" class="graf graf--li">The Unbonding Time of FNSA will be changed from 24 hours to 7 days.</li>
<li name="ac64" class="graf graf--li">The version management format (parameter) for software and policy will be refined.</li>
<li name="d93e" class="graf graf--li">This content is intended to be incorporated into the Finschia v2.0 policy, subject to the outcomes of the on-chain governance voting by the Finschia Governance Members (FGM).&nbsp;</li>
</ul>
&nbsp;

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1702604595231.png?updatedAt=1702604598000" width="1000" height="auto" alt="" />

&nbsp;
Greetings from the Finschia Foundation.

&nbsp;
In our continuous pursuit of ecosystem prosperity, we aspire to achieve accelerated growth by fortifying our token economy.
Consequently, we find it imperative to adjust the FNSA max supply and to extend the unbonding period in alignment with the Finschia policy, ensuring the resilience of our ecosystem. This communication serves to elucidate the rationale behind this adjustment, elucidate the anticipated changes, and provide insight into the expected outcomes.


<ul data-stringify-type="unordered-list" class="p-rich_text_list p-rich_text_list__bullet" data-indent="0" data-border="0">
<li data-stringify-indent="0" data-stringify-border="0">Finschia v2 Policy Upgrade:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/19" delay="150" data-sk="tooltip_parent" href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/19" rel="noopener noreferrer">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/19</a></li>
<li data-stringify-indent="0" data-stringify-border="0">Change the unbonding_time parameter from 1day to 7days:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/20" delay="150" data-sk="tooltip_parent" href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/20" rel="noopener noreferrer">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/20</a></li>
</ul>


&nbsp;

<h1 name="c9cc" class="graf graf--h3">Changes in FNSA Max&nbsp;Supply</h1>

Since the launch of the LINE Blockchain project in 2018, through LINK (LN) and now FINSCHIA (FNSA), the maximum supply of tokens has been set at 1 billion. Until Finschia applies the new token economy and inflation model in December 2022, the old LINK ecosystem was based on user rewards (80%) and reserves (20%). However, with the implementation of the Zero Reserve strategy, the Foundation has been issuing FNSAs solely through inflation caused by block generation, and we want to stabilize this policy by correcting the maximum supply.


<h2 name="e263" class="graf graf--h4">Rationale for&nbsp;Changes</h2>

<ul class="postList">
<li name="ecd7" class="graf graf--li">Delegated Proof of Stake (DPoS) based Finschia 
<ul class="postList">
<li name="ecd7" class="graf graf--li">The current maximum supply of FNSA is set at 1 billion, and the token economy is designed to align with this maximum supply with a gradual downward adjustment of the inflation rate. On December 22, 2022, the manual token issuance method based on the old LINE Blockchain will be replaced with an inflation-based DPoS blockchain system, and the maximum supply for many major PoS and DPoS projects will be set to unlimited (&infin;). Therefore, it was deemed necessary to change the maximum supply to match the current technical structure of the Finschia mainnet.</li>
</ul>
</li>
<li name="0c1d" class="graf graf--li">High FDV (Dilution Value) 
<ul class="postList">
<li name="0c1d" class="graf graf--li">The current FDV of FNSA is approximately $30 billion as of December 13, 2023, which is significantly high relative to market capitalization. This high FDV poses challenges for potential FNSA holders and exchanges to enter and list the project.</li>
</ul>
</li>
</ul>
<h2 name="a81d" class="graf graf--h4">Resolution Approach</h2>
**As of 2023.12.13, 1FNSA: $30; Circulating supply: 7,425,607 FNSA
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1702604726195.png?updatedAt=1702604727000" width="1000" height="auto" alt="" />

❖ Changes to the maximum supply of FNSA will have absolutely no impact on the speed or quantity of FNSA circulating in the market, the chain protocol, and the actual level of FNSA usage.

❖ Unlimited issuance does not exceed the existing 1 billion mintage and does not imply the issuance of an excessive amount of tokens.

❖ The FNSA inflation rate will be set at a maximum of 15% per year to allow for FNSA stakes and payments. Based on the previously announced tokenomics plan, it is planned to be maintained at a maximum of 5% depending on the Finschia ecosystem and network activity/stability.


&nbsp;
<h1 name="5942" class="graf graf--h3">Changes in Unbonding Time</h1>

The unbonding time* for Finschia stands at 24 hours, a duration notably shorter than the standard mainnet Layer-1. We recognized that the frequent and swift unbonding activities of users who have staked FNSA may pose challenges to the network&rsquo;s stability and impact the price stability of FNSA. In response to ongoing community feedback emphasizing the necessity for a more extended unbonding period, we have decided to adjust the unbonding time from 24 hours to 7 days.

*Unbonding time: The duration of inactivity on the mainnet implemented for the safety and stability of the entire staking process.

<h2 name="d132" class="graf graf--h4">Rationale for&nbsp;Changes</h2>

<ul class="postList">
<li name="b551" class="graf graf--li">Enhance network reliability 
<ul class="postList">
<li name="b551" class="graf graf--li">Finschia currently has one of the shortest unbonding periods among the top 20 mainnets, potentially contributing to network instability in the face of short-term issues and events.</li>
</ul>
</li>
<li name="ea29" class="graf graf--li">Ensure FNSA price stability 
<ul class="postList">
<li name="ea29" class="graf graf--li">To alleviate sensitivity to short-term issues and events and ensure the stability of FNSA prices.</li>
</ul>
</li>
<li name="8cb1" class="graf graf--li">Addressing community feedback 
<ul class="postList">
<li name="8cb1" class="graf graf--li">Responding to persistent community requests for unbonding time adjustments, aligning with the goals of fostering network stability and ensuring FNSA price stability.</li>
</ul>
</li>
</ul>

<h2 name="dfe0" class="graf graf--h4">Resolution Approach</h2>

<ul class="postList">
<li name="2620" class="graf graf--li">(Before) 24 hours</li>
<li name="1d9a" class="graf graf--li">(After) 7 days</li>
</ul>




<section name="a330" class="section section--body">
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
&nbsp;
<h1 name="6ec1" class="graf graf--h3">Change the versioning format of Software and Policy Upgrade&nbsp;Process</h1>
<h2 name="f1ba" class="graf graf--h4">Rationale for&nbsp;Changes</h2>
<ul class="postList">
<li name="9369" class="graf graf--li">To manage the versioning of Finschia policies more efficiently and systematically.</li>
</ul>
<h2 name="9692" class="graf graf--h4">Resolution Approach</h2>
<ul class="postList">
<li name="a054" class="graf graf--li">As-is: {Major}.{minor} 
<ul class="postList">
<li name="a054" class="graf graf--li">Major: Major policy upgrades</li>
<li name="a054" class="graf graf--li">minor: Minor upgrade</li>
</ul>
</li>
<li name="e10e" class="graf graf--li">To-be: {Major policy, Major parameter, minor} 
<ul class="postList">
<li name="e10e" class="graf graf--li">Major policy: Policy major upgrade</li>
<li name="e10e" class="graf graf--li">Major parameter: On-chain parameter change</li>
<li name="e10e" class="graf graf--li">minor: Minor upgrade</li>
</ul>
</li>
</ul>

&nbsp;
<h1 name="8f1c" class="graf graf--h3">Finschia Policy</h1>
Changes made through the major update will be reflected in the Finschia v2.0 policy, subject to input from the Finschia Governance Members (FGMs) and voting through an on-chain governance proposal. The on-chain vote will be open for seven days, and if the governance vote is approved, the entire Finschia user base will be required to comply and respond to the policy updates outlined in the proposal.

&nbsp;
We are the blockchain for all.
&nbsp;
Finschia Foundation
</div>
</div>
</section>

Finschia Token Economy Major Update

<h1 id="id-231215_FinschiaXNeopin파트너십-Summary.1">Summary</h1>
<ul>
<li>The Finschia Foundation and NEOPIN have entered into a partnership to provide Decentralized Exchange (DEX) services.</li>
<li>The newly announced Finschia Network Swap (FNSwap) is scheduled to launch in the near future and plans to offer a variety of DeFi products and incentives.</li>
</ul>
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1702563164583.png?updatedAt=1702563165000" width="1000" height="auto" alt="" />

&nbsp;
Hello, this is the Finschia Foundation.

&nbsp;

We're excited to inform the community that the Finschia Foundation, along with NEOPIN,&nbsp;operating a multi-chain based DeFi platform&nbsp;and a member of the Finschia governance, has entered into a partnership to provide Decentralized Exchange (DEX) services.

&nbsp;

Through this partnership, the Finschia Foundation and NEOPIN will collaborate on the development of the Finschia Network Swap (hereinafter referred to as FNSwap).&nbsp;NEOPIN is currently developing FNSwap, which will be the first Automated Market Maker (AMM) Decentralized Exchange in the Finschia ecosystem. FNSwap is envisioned as a community-first, community-owned&nbsp;centered&nbsp;and fair platform, offering various&nbsp;range of&nbsp;DeFi products and incentives. These include token swapping, earning fees and rewards&nbsp;by depositing tokens into&nbsp;through token deposits in&nbsp;pools,&nbsp;gaining incentives&nbsp;incentive acquisition&nbsp;through token staking, and token transfers with EVM-based chains via bridge.

&nbsp;

FNSwap is set to launch in the near future, providing users with a stable and convenient platform to access DEX services within the Finschia ecosystem. Furthermore, we aim to expand the Finschia ecosystem by creating an environment where various Finschia dApp services can easily list tokens and users can trade conveniently.&nbsp;The Foundation will continuously provide necessary technical support and integration for the development of a diverse array of 'money legos', starting with supporting the basic token swap services. This support aims to facilitate the onboarding of DeFi services, propelling the platform towards becoming the No.1 DeFi platform in Asia.

&nbsp;

We are the blockchain for all.
Finschia Foundation

---
&nbsp;

About Finschia Foundation
The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain, &ldquo;Blockchain for All&rdquo;, the Foundation operates its third-generation public blockchain mainnet &ldquo;Finschia&rdquo; and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.
&nbsp;
About NEOPIN
NEOPIN has been building blockchain expertise and technology since 2017, participating as a node validator for various global blockchains, including Ethereum, Tron, Cardano, and Cosmos. Last year, the company launched the CeDeFi protocol NEOPIN to provide a secure and convenient environment for using the DeFi protocol. This year, the company was selected as an innovation program company by the Abu Dhabi Investment Office (ADIO) in the UAE to attract direct and indirect investment, and is working with the Abu Dhabi Global Market (ADGM), a special financial zone in the UAE, to create the world&rsquo;s first DeFi regulation as a public-private partnership.

---

&nbsp;
Follow LINE Blockchain on Twitter or Facebook for the latest news and updates. A monthly newsletter is issued on the 10th of each month or the following business day in the event of a weekend or holiday. Advance notice will be made through social channels should any delay, omission or other issues occur.
<a href="https://twitter.com/linebc_global" class="external-link" rel="nofollow">Twitter</a>&nbsp;l&nbsp;<a class="external-link" href="https://www.facebook.com/line.blockchain" rel="nofollow">Facebook</a>&nbsp;l&nbsp;<a class="external-link" href="https://discord.gg/2WKdP9a8HP" rel="nofollow">Discord</a>

---
&nbsp;

▶︎ Finschia general inquiries:&nbsp;<a class="external-link" href="http://finschia.io/contact" rel="nofollow">finschia.io/contact</a>
▶︎ Developer inquiries:&nbsp;<a class="external-link" href="mailto:dev@finschia.org" rel="nofollow">dev@finschia.org</a>
▶︎ Business/Partnership inquiries:&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Partnership Alert: Finschia Foundation and NEOPIN Join Hands for DEX Service

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1702446001641.png?updatedAt=1702446002000" width="1000" height="auto" alt="" />

Hello, this is the Finschia Foundation.


We are excited to announce FNSA&rsquo;s additional listing on BitMart&rsquo;s USDT market. 
Users can now trade FNSA with USDT on BitMart except for residents in Japan and Singapore.
&nbsp;
&nbsp;[Summary]
▶︎ Listing Token:&nbsp;FINSCHIA (FNSA)
▶︎ Listing Exchange:&nbsp;BitMart
▶︎ Trading Pair:&nbsp;FNSA/USDT
▶︎ Listing Date: 2023/12/14 05:00 UTC

&nbsp;
Please refer to each exchange&rsquo;s recent announcement where FNSA is listed&nbsp;for the deposit and withdrawal service,&nbsp;transaction, and more details.
▶︎ BitMart announcement: <a href="https://support.bitmart.com/hc/en-us/articles/21164881481243">https://support.bitmart.com/hc/en-us/articles/21164881481243&nbsp;</a>

&nbsp;
In addition, Finschia Foundation, the issuer of FNSA, and BitMart are holding an event worth 1,000 FNSA to commemorate the listing of FNSA. The details can be found on the BitMart event page, and please note that the schedule and specific details are subject to change. We look forward to great support and participation from many.
▶︎ BitMart event announcement:&nbsp;<a href="https://support.bitmart.com/hc/en-us/articles/21228544310427-FNSA-Social-Media-Airdrops-Trading-Competition-1-000-FNSA-in-Prizes-Every-FNSA-Trader-Can-Win-a-Prize-" class="external-link" rel="nofollow">https://support.bitmart.com/hc/en-us/articles/21228544310427-FNSA-Social-Media-Airdrops-Trading-Competition-1-000-FNSA-in-Prizes-Every-FNSA-Trader-Can-Win-a-Prize-</a>

&nbsp;
<div class="content-wrapper">
Additionally, please note that any announcements related to the listing of FNSA will only be made through the official Finschia website and our social media channels (Facebook, Twitter, Discord, Medium).
&nbsp;
Finschia Foundation always strives to stimulate the blockchain ecosystem and token economy.
&nbsp;
We are the blockchain for all.

&nbsp;
Finschia Foundation
</div>

---
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on FNSA's Listing on BitMart (2023/12/14)(Updated)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1702445074399.png?updatedAt=1702445075000" width="1000" height="auto" alt="" />

Hello, this is the Finschia Foundation.


We are excited to announce FNSA&rsquo;s additional listing on LBank&rsquo;s USDT market. 
Users can now trade FNSA with USDT on LBank except for residents in Japan and Singapore.
&nbsp;
&nbsp;[Summary]
▶︎ Listing Token:&nbsp;FINSCHIA (FNSA)
▶︎ Listing Exchange:&nbsp;LBank
▶︎ Trading Pair:&nbsp;FNSA/USDT
▶︎ Listing Date: 2023/12/14 06:00 UTC

&nbsp;
Please refer to each exchange&rsquo;s recent announcement where FNSA is listed&nbsp;for the deposit and withdrawal service,&nbsp;transaction, and more details.
▶︎ LBank announcement:&nbsp;<a href="https://support.lbank.com/hc/en-gb/articles/26338320649241" class="external-link" rel="nofollow">https://support.lbank.com/hc/en-gb/articles/26338320649241</a>


In addition, Finschia Foundation, the issuer of FNSA, and LBank are holding an event worth 1,000 FNSA(30,000 USD) to commemorate the listing of FNSA. The details can be found on the LBank event page, and please note that the schedule and specific details are subject to change. We look forward to great support and participation from many.
▶︎ LBank event announcement:&nbsp;<a href="https://support.lbank.com/hc/en-gb/articles/26381337972761" class="external-link" rel="nofollow">https://support.lbank.com/hc/en-gb/articles/26381337972761</a>
&nbsp;
&nbsp;
<div class="content-wrapper">
Additionally, please note that any announcements related to the listing of FNSA will only be made through the official Finschia website and our social media channels (Facebook, Twitter, Discord, Medium).
&nbsp;
Finschia Foundation always strives to stimulate the blockchain ecosystem and token economy.
&nbsp;
We are the blockchain for all.

&nbsp;
Finschia Foundation
</div>

---
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on FNSA's Listing on LBank (2023/12/14) (Updated)

Hello, this is the Finschia Foundation.
&nbsp;
The Finschia Foundation has been continuously working to reward FNSA holders who contribute to the ecosystem. As part of this effort, we would like to inform you of the planned use of User Reward FINSCHIA (FNSA) scheduled for December 13, 2023. The User Reward FINSCHIA (FNSA) is a pre-minted quantity before the implementation of Token Economy 2.0. No additional FINSCHIA (FNSA) will be issued specifically for this matter.
&nbsp;
Please refer to the following information for more details.
<div class="content-wrapper"></div>
&nbsp;
[Details]
<ul>
<li>Applicable Date: 2023/12/13 11:00:00 ~ 2023/12/13 23:59:59 (GST)</li>
<li>Purpose of Use: Marketing and Promotion</li>
<li>Amount of Use: 1,000 FNSA (User Reward)</li>
</ul>

❖ Blockchain Explorer: 
<ul>
<li>1FNSA :&nbsp; <a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/D9C0990708E3152D7FB6B42ADE5ED99841D1910E840D298DD034B173DE62AE31" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/D9C0990708E3152D7FB6B42ADE5ED99841D1910E840D298DD034B173DE62AE31" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/D9C0990708E3152D7FB6B42ADE5ED99841D1910E840D298DD034B173DE62AE31</a></li>
<li>999 :&nbsp; FNSA <a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/255AFBA56C67938C91A2305048089E7247B483DD6D85754A9EE87DA935D65989" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/255AFBA56C67938C91A2305048089E7247B483DD6D85754A9EE87DA935D65989" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/255AFBA56C67938C91A2305048089E7247B48</a><a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/255AFBA56C67938C91A2305048089E7247B483DD6D85754A9EE87DA935D65989" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/255AFBA56C67938C91A2305048089E7247B483DD6D85754A9EE87DA935D65989" rel="noopener noreferrer">3DD6D85754A9EE87DA935D65989</a></li>
</ul>
<div class="content-wrapper">

</div>
&nbsp;
<ul data-stringify-type="unordered-list" class="p-rich_text_list p-rich_text_list__bullet" data-indent="1" data-border="0"></ul>
&nbsp;
[Note]
<ul>
<li>The User Reward FINSCHIA (FNSA) used in this matter is a quantity minted before the implementation of Token Economy 2.0, and will be distributed to users contributing to the Finschia ecosystem.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of User Reward FINSCHIA (2023/12/13)

<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1702393192685.png?updatedAt=1702393193000" width="1000" height="auto" alt="" />

Hello, this is the Finschia Foundation.


We&rsquo;re here to share additional exciting news with Finschia&rsquo;s community users.
FNSA will be listed on Coinone and available for trading&nbsp;in KRW market&nbsp;from today.
&nbsp;
&nbsp;[Summary]
▶︎ Listing Token:&nbsp;FINSCHIA (FNSA)
▶︎ Listing Exchange:&nbsp;Coinone
▶︎ Trading Pair:&nbsp;FNSA/KRW
▶︎ Listing Date:&nbsp;2023/12/13 05:00 UTC

&nbsp;
Please refer to each exchange&rsquo;s recent announcement where FNSA is listed&nbsp;for the deposit and withdrawal service,&nbsp;transaction, and more details.
▶︎ Coinone announcement: <a href="https://coinone.co.kr/info/notice/2594">https://coinone.co.kr/info/notice/2594</a>

&nbsp;
In addition, Finschia Foundation, the issuer of FNSA, and Coinone are holding an event to commemorate the listing of FNSA. The details can be found on the Coinone event page, and please note that the schedule and specific details are subject to change. We look forward to great support and participation from many.
▶︎ Coinone event detail:&nbsp;<a href="https://coinone.co.kr/info/notice/2595" data-href="https://coinone.co.kr/info/notice/2595" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">https://coinone.co.kr/info/notice/2595</a>

&nbsp;
<div class="content-wrapper">
Additionally, please note that any announcements related to the listing of FNSA will only be made through the official Finschia website and our social media channels (Facebook, Twitter, Discord, Medium).
&nbsp;
Finschia Foundation always strives to stimulate the blockchain ecosystem and token economy.
&nbsp;
We are the blockchain for all.

&nbsp;
Finschia Foundation
</div>

---
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on FNSA's Listing on Coinone (2023/12/13)

<h1 name="ea41" class="graf graf--h3">Finschia 2024: A Public Blockchain, Expanded dApps and&nbsp;More</h1>
&nbsp;
<figure name="3abc" class="graf graf--figure"><img class="graf-image" data-image-id="1*KROWTLRssHNjpucZowS6gQ.png" data-width="1127" data-height="654" src="https://cdn-images-1.medium.com/max/1600/1*KROWTLRssHNjpucZowS6gQ.png" /></figure>
&nbsp;
Greetings from the Finschia Foundation.
&nbsp;
Today, we are pleased to announce that LINE NEXT Corporation &mdash; the LINE subsidiary dedicated to developing and expanding the Web3 ecosystem and the developer of Finschia &mdash; has secured a KRW180 billion (USD140 million) investment from Crescendo Equity Partners, a private equity firm sponsored by PayPal co-founder Peter Thiel. (<a href="https://linecorp.com/en/pr/news/global/2023/136">&gt;read press release</a>)
&nbsp;
In addition, within December, Finschia will release its mainnet endpoints to general developers, marking the official transition to a public network and allowing anyone to develop dApp services on Finschia without permission.
&nbsp;
For an update on our business status and where we are headed after going public, please read on.
&nbsp;
<h3 name="559f" class="graf graf--h3">What is Finschia?</h3>
Finschia was initially launched by LINE in 2018 as a blockchain project, then evolved into the independent entity Finschia as part of an overall change to the Web3 ecosystem (&gt; <a href="https://www.finschia.io/" data-href="https://www.finschia.io/" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">see the Finschia official website for details of our journey</a>). And it was more than just a name change. (&gt; <a href="https://medium.com/lineblockchain/en-line-blockchains-new-look-finschia-9b2b08c648d0" data-href="https://medium.com/lineblockchain/en-line-blockchains-new-look-finschia-9b2b08c648d0" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">read more in Why we rebranded to Finschia?)</a>
&nbsp;
Distinguished by three key strengths &mdash; zero reserves, integration with LINE and optimized for popularization &mdash; Finschia is aiming to establish a blockchain tailored for real-world businesses and applications, with a vision to cultivate an ecosystem spanning over a billion users.
&nbsp;
<figure name="5dae" class="graf graf--figure"><img class="graf-image" data-image-id="1*AKRGqG2j5hTmIbHnZV_ojA.png" data-width="1260" data-height="504" src="https://cdn-images-1.medium.com/max/1600/1*AKRGqG2j5hTmIbHnZV_ojA.png" /></figure>
&nbsp;
1. Zero reserves and contribution-based incentive policy
FINSCHIA (FNSA) has been transparently issued without pre-issuance reserves or *ICOs, which addresses a common problem in the traditional token economy. This communicates that FNSA&rsquo;s avoidance of ICOs prevents large quantities from entering the market and causing value dilution. This distinction enhances FNSA&rsquo;s investment value and attractiveness in the market, setting it apart from tokens with indiscriminate circulation. Furthermore, 80% of Finschia&rsquo;s inflation is allocated to services or users directly contributing to staking and delegation through network contributions and on-chain payments and liquidity enhancements through service contributions.
&nbsp;
<blockquote name="d098" class="graf graf--blockquote">*ICO(Initial Coin Offering): The process of attracting investment for a new cryptocurrency project by releasing a comprehensive document, such as whitepaper.</blockquote>
&nbsp;
2. Connected with LINE and business-oriented
We offer a wallet service integrated with the LINE platform, ensuring accessibility to a vast global user base. DOSI&rsquo;s digital goods, represented by Finschia&rsquo;s NFT platform, support cash payments through services like NAVER Pay and LINE Pay. Additionally, they are seamlessly linked to various applications such as LINE Profile and LINE Stamp.
&nbsp;
3. Distinguished technology for popularization
Finschia is 98% cheaper than Ethereum, 400 times faster, and offers *finality identical to its block generation time). It also offers CosmWasm and a variety of development languages, and supports interchangers and the Ethereum Virtual Machine (EVM), ensuring that the network is stable even when large applications are onboarded.
&nbsp;
<blockquote name="9c85" class="graf graf--blockquote">*finality: The assurance or guarantee that transactions cannot be altered, reversed, or canceled after they are completed.</blockquote>
<blockquote name="244c" class="graf graf--blockquote">*CosmWasm: A secure, interoperable, multi-chain-operated smart contract platform</blockquote>
&nbsp;
&nbsp;
<h3 name="3c44" class="graf graf--h3">Finschia ecosystem before going&nbsp;public</h3>
&nbsp;
<figure name="12c2" class="graf graf--figure"><img class="graf-image" data-image-id="1*_8AKURBJHgGLJB1THqyMSw.png" data-width="1225" data-height="800" src="https://cdn-images-1.medium.com/max/1600/1*_8AKURBJHgGLJB1THqyMSw.png" /></figure>
&nbsp;
Finschia&rsquo;s collaboration with various partners, including significant support from Crescendo, SoftBank, LINE NEXT, and CertiK, even before the public network transition, has propelled Finschia to become a Web3 ecosystem leader. In Korea, top-tier companies such as CJ ENM, Shinsegae, and YG Plus are actively participating in the Finschia ecosystem, further expanding the usability of FNSA. (&gt; <a href="https://www.finschia.io/ecosystem/" data-href="https://www.finschia.io/ecosystem/" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">Explore our Finschia Ecosystem</a>). Among them, DOSI, the core dApp of Finschia, as a global NFT platform, has achieved the significant milestone of attracting 5.6 million users and facilitating over 530,000 NFT transactions.
&nbsp;
<figure name="933f" class="graf graf--figure"><img class="graf-image" data-image-id="1*gdlxEwb6UObghBINSVSkyA.png" data-width="1225" data-height="433" src="https://cdn-images-1.medium.com/max/1600/1*gdlxEwb6UObghBINSVSkyA.png" /></figure>
&nbsp;
Notably, Finschia has secured 6.5 million FNSA wallets and achieved remarkable success as a global NFT platform through DOSI, with 4.8 million users, 21 million NFTs minted, 240,000 active trading users, and 870,000 trading counts. This has led to the establishment of the №1 NFT ecosystem in Asia. Heading into the public network launch, Finschia had a market capitalization of approximately KRW 275 million (USD209 million, as of 12/11), with 61% locked on the network. Finschia is currently listed on only five centralized exchanges (CEX) in a private endpoint environment, and we plan to pursue additional exchange listings to build a robust DEX ecosystem.
&nbsp;
<h3 name="c7c2" class="graf graf--h3">About the public release of&nbsp;Finschia</h3>
&nbsp;
<figure name="0ece" class="graf graf--figure"><img class="graf-image" data-image-id="1*k0hoZ45BCyySBzXx1KHQhw.png" data-width="1650" data-height="790" src="https://cdn-images-1.medium.com/max/1600/1*k0hoZ45BCyySBzXx1KHQhw.png" width="1000" height="auto" /></figure>
Once Finschia endpoints (application nodes) are released in late December 2023, developers will be able to freely create dApps based on Finschia and integrate businesses without requiring permission. This implies that users from external chains can directly establish and integrate user nodes through application nodes or *broadcast transactions (Tx) and retrieve data directly from application nodes without managing user nodes. The endpoints of Ebony, Finschia&rsquo;s testnet, have already been released, and please find detailed information in the <a href="https://docs.finschia.network/" data-href="https://docs.finschia.network/" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">Finschia Docs</a> (&gt; <a href="https://medium.com/lineblockchain/en-kr-releasing-ebony-testnet-endpoint-7141d7ca9c9b" data-href="https://medium.com/lineblockchain/en-kr-releasing-ebony-testnet-endpoint-7141d7ca9c9b" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">browse here in the guide</a>).
&nbsp;
<blockquote name="7b1a" class="graf graf--blockquote">*Broadcasting: A method of disseminating information, such as transactions (Tx) or blocks, to all nodes simultaneously. This ensures that all nodes possess identical information, maintaining synchronization across the blockchain network.</blockquote>
&nbsp;
&nbsp;
<h3 name="979c" class="graf graf--h3">2024 Finschia Direction</h3>
&nbsp;
<h4 name="5040" class="graf graf--h4">1/ Enterprise integration: A collaborative initiative with LINE&rsquo;s Web3&nbsp;business</h4>
LINE NEXT announced it secured an investment of KRW 180 billion (USD 140 million) and a bold foray into the enterprise sector in the Asian market. Finschia is committed to actively backing LINE NEXT&rsquo;s NFT platform initiatives and products, with a strategic plan to expand the Finschia ecosystem and capitalize on growing demand as LINE&rsquo;s Web3 business flourishes.
&nbsp;
<h4 name="f4f5" class="graf graf--h4">2/ Strategic dApp sector selection: Forming eco-funds to drive&nbsp;growth</h4>
Finschia focuses on key areas for dApp discovery: enhancing DeFi, social, X2E, and stable coin-based payments. We envision these four sectors as the cornerstone of the next wave of Web3 popularization. In line with this vision, we aim to establish an eco-fund in collaboration with Finschia Governance and our strategic partners. Our objective is to discover new dApps with potential, facilitate their integration into Finschia, and implement strategies to support the developer community. This includes the organization of global hackathons across major Asian countries, including Japan, Korea, Taiwan, and Thailand.
&nbsp;
<h4 name="2185" class="graf graf--h4">3/ Liquidity security and listing expansion: CEX and&nbsp;DEX</h4>
Finschia is set to raise funds with an emphasis on securing liquidity and enhancing listings. FNSA is currently available on only five exchanges, but more listings will be promoted starting from December. With the forthcoming opening of endpoints for exchanges to autonomously list, FNSA trading support can be facilitated without the need for consensus. For detailed information, please visit the <a href="https://www.finschia.io/" data-href="https://www.finschia.io/" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">official Finschia website</a>.
&nbsp;
<h4 name="e0c1" class="graf graf--h4">4/ Harnessing Permissionless Smart Contracts&nbsp;</h4>
Finschia utilizes the CosmWasm virtual machine (VM) to enhance blockchain functionality without the necessity for mainnet upgrades or restarts. The VM accommodates WebAssembly (WASM) formatted contracts, ensuring a secure and high-performance execution environment. These contracts can be written in <a href="https://github.com/appcypher/awesome-wasm-langs/blob/master/README.md" data-href="https://github.com/appcypher/awesome-wasm-langs/blob/master/README.md" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">various languages</a>, such as Rust, eliminating the need for a dedicated contract-specific language. In permissionless smart contracts, contracts can be deployed and operated quickly without the need for complex approval processes. The distinct separation of the &ldquo;store&rdquo; and &ldquo;instantiate&rdquo; process eradicates redundant storage costs, while Finschia&rsquo;s low gas costs significantly reduce entry barriers for dApp developers. This streamlined approach empowers developers of all backgrounds to effortlessly extend and innovate blockchain functionality.
&nbsp;
<h4 name="4c73" class="graf graf--h4">5/ Advancing network interoperability: strengthening connections for seamless integration</h4>
Transitioning to a public blockchain, Finschia gains access to and leverages the tools, libraries, and services offered by the Cosmos ecosystem. Additionally, we aim to fortify interoperability with diverse Cosmos-based blockchains by implementing IBC (Inter Blockchain Communication), a Cosmos-SDK feature that facilitates the creation of an &lsquo;Internet of Blockchains.&rsquo; Furthermore, we are actively exploring options to support EVM-based blockchains and contracts, expanding our network&rsquo;s connectivity and compatibility.
&nbsp;
As we conclude our 2023 journey with mainnet integration and the shift to a public blockchain, Finschia looks beyond LINE Blockchain, effectively bridging Web2 and Web3. We thank you in advance for your continued engagement in our exciting journey in 2024.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
&nbsp;
▶︎ Finschia general inquiries: <a href="http://finschia.io/contact" data-href="http://finschia.io/contact" class="markup--anchor markup--p-anchor" rel="nofollow noopener noopener noopener" target="_blank">finschia.io/contact</a>
▶︎ Developer inquiries: <a href="mailto:dev@finschia.org" data-href="mailto:dev@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">dev@finschia.org</a>
▶︎ Business/Partnership inquiries: <a href="mailto:contact@finschia.org" data-href="mailto:contact@finschia.org" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">contact@finschia.org</a>

🌐 <a href="https://twitter.com/linebc_global" data-href="https://twitter.com/linebc_global" class="markup--anchor markup--p-anchor" rel="nofollow noopener noopener" target="_blank">Twitter</a> l <a href="https://www.facebook.com/line.blockchain" data-href="https://www.facebook.com/line.blockchain" class="markup--anchor markup--p-anchor" rel="nofollow noopener noopener" target="_blank">Facebook</a> l <a href="https://discord.gg/2WKdP9a8HP" data-href="https://discord.gg/2WKdP9a8HP" class="markup--anchor markup--p-anchor" rel="nofollow noopener noopener" target="_blank">Discord</a>
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Finschia 2024: A Public Blockchain, Expanded dApps and More

Hello, this is the Finschia Foundation.
&nbsp;
The Finschia Foundation has been continuously working to reward FNSA holders who contribute to the ecosystem. As part of this effort, we would like to inform you of the planned use of User Reward FINSCHIA (FNSA) scheduled for December 11, 2023. The User Reward FINSCHIA (FNSA) is a pre-minted quantity before the implementation of Token Economy 2.0. No additional FINSCHIA (FNSA) will be issued specifically for this matter.
&nbsp;
Please refer to the following information for more details.
<div class="content-wrapper"></div>
&nbsp;
[Details]
<ul>
<li>Applicable Date: 2023/12/11 09:00:00 ~ 2023/12/11 23:59:59 (GST)</li>
<li>Purpose of Use: Marketing and Promotion</li>
<li>Amount of Use: 2,500 FNSA (User Reward)</li>
</ul>

❖ Blockchain Explorer:&nbsp; 
<ul data-stringify-type="unordered-list" class="p-rich_text_list p-rich_text_list__bullet" data-indent="1" data-border="0">
<li data-stringify-indent="1" data-stringify-border="0">1 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/058EE6B8B30E419EEDCCEDC80D75B25A9BD6532FC409CD68A0F86365EF023621" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/058EE6B8B30E419EEDCCEDC80D75B25A9BD6532FC409CD68A0F86365EF023621" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/058EE6B8B30E419EEDCCEDC80D75B25A9BD6532FC409CD68A0F86365EF023621</a></li>
<li data-stringify-indent="1" data-stringify-border="0">1,499 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/8F98499FC7FDF30AF73EFD41C201BDAE9D84DB4AADB9B5D5C3734465A2CDEB5D" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/8F98499FC7FDF30AF73EFD41C201BDAE9D84DB4AADB9B5D5C3734465A2CDEB5D" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/8F98499FC7FDF30AF73EFD41C201BDAE9D84DB4AADB9B5D5C3734465A2CDEB5D</a></li>
<li data-stringify-indent="1" data-stringify-border="0">1 FNSA: <a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/83CF1CF7EEBFF68D3BBE1CFB4FABAFC199D6FA31FCDD00B0C1D681CBCE7BF379?tab=type" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/83CF1CF7EEBFF68D3BBE1CFB4FABAFC199D6FA31FCDD00B0C1D681CBCE7BF379?tab=type" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/83CF1CF7EEBFF68D3BBE1CFB4FABAFC199D6FA31FCDD00B0C1D681CBCE7BF379?tab=type</a></li>
<li data-stringify-indent="1" data-stringify-border="0">999 FNSA: <a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/939BDC4A530D9004C3EDBCF552719FF05A9E1E3917C88AFCC3841AC88ED7E5F9?tab=type" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/939BDC4A530D9004C3EDBCF552719FF05A9E1E3917C88AFCC3841AC88ED7E5F9?tab=type" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/939BDC4A530D9004C3EDBCF552719FF05A9E1E3917C88AFCC3841AC88ED7E5F9?tab=type</a></li>
</ul>
&nbsp;


&nbsp;
[Note]
<ul>
<li>The User Reward FINSCHIA (FNSA) used in this matter is a quantity minted before the implementation of Token Economy 2.0, and will be distributed to users contributing to the Finschia ecosystem.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of User Reward FINSCHIA (2023/12/11)

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA(FNSA) on December 7, 2023. The purpose of this use is for the ecosystem expansion, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2023.12.07 10:00:00 ~ 2023.12.07 10:59:59 (GST)</li>
<li>Purpose of Use: Ecosystem Expansion</li>
<li>Amount of Use: 12,000 FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp;<a rel="nofollow" href="https://scan.blockchain.line.me/Finschia%20Mainnet" class="external-link">https://scan.blockchain.line.me/Finschia%20Mainnet</a>
&nbsp;

&nbsp;
[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023/12/07)

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA(FNSA) on November 30, 2023. The purpose of this use is for the Foundation's marketing operation and administration, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2023.11.30 09:00:00 ~ 2023.11.30 16:59:59 (GST)</li>
<li>Purpose of Use: Marketing operation and administration</li>
<li>Amount of Use: 248.795 FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp; 
<ul data-stringify-type="unordered-list" class="p-rich_text_list p-rich_text_list__bullet" data-indent="0" data-border="0">
<li data-stringify-indent="0" data-stringify-border="0">1FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/0DBA5FA784202B92C8DA49B6606E820E3B88FAF8F2F8EABCC49396B6C293A15A?tab=type" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/0DBA5FA784202B92C8DA49B6606E820E3B88FAF8F2F8EABCC49396B6C293A15A?tab=type" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/0DBA5FA784202B92C8DA49B6606E820E3B88FAF8F2F8EABCC49396B6C293A15A?tab=type</a></li>
<li data-stringify-indent="0" data-stringify-border="0">247.795000 FNSA :&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/8ACC01CB48E9EF1E30964CD5DA9B1D7D4CABFA539768F84AE80DEF04C45FA49E?tab=memo" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/8ACC01CB48E9EF1E30964CD5DA9B1D7D4CABFA539768F84AE80DEF04C45FA49E?tab=memo" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/8ACC01CB48E9EF1E30964CD5DA9B1D7D4CABFA539768F84AE80DEF04C45FA49E?tab=memo</a></li>
</ul>
&nbsp;

&nbsp;
[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023/11/30)

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA(FNSA) on November 30, 2023. The purpose of this use is for the ecosystem activation, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2023.11.30 09:00:00 ~ 2023.11.30 16:59:59 (GST)</li>
<li>Purpose of Use: Ecosystem activation</li>
<li>Amount of Use: 2,643.324744 FNSA&nbsp;(Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp; 
<ul data-stringify-type="unordered-list" class="p-rich_text_list p-rich_text_list__bullet" data-indent="0" data-border="0">
<li data-stringify-indent="0" data-stringify-border="0">1 FNSA :&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/8BEC7F691BF610A7E9EDFE83FC74CA1E8598D67216C0C3279413C058E0716940" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/8BEC7F691BF610A7E9EDFE83FC74CA1E8598D67216C0C3279413C058E0716940" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/8BEC7F691BF610A7E9EDFE83FC74CA1E8598D67216C0C3279413C058E0716940</a></li>
<li data-stringify-indent="0" data-stringify-border="0">2,642.324744 FNSA:&nbsp;<a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/7DAC52FDD35BDAC929CC3E4627B02D58CA66F122E77108EACE162AD1DF89A9A2?tab=memo" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/7DAC52FDD35BDAC929CC3E4627B02D58CA66F122E77108EACE162AD1DF89A9A2?tab=memo" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/7DAC52FDD35BDAC929CC3E4627B02D58CA66F122E77108EACE162AD1DF89A9A2?tab=memo</a></li>
</ul>
&nbsp;

&nbsp;
[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Hello, this is the Finschia Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of October, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy(<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698734312440.pdf?updatedAt=1698734315000" class="external-link" rel="nofollow">url</a>),&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2023/11/24
▸ Purpose of Reward : Service contribution reward
▸ Amount of Reward: 27,658.479387&nbsp;FNSA
▸ Governance Proposal: <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/18" class="external-link" rel="nofollow">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/18</a>

&nbsp;
[Reward: October]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Purpose of Reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
Service contribution reward
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Total Reward Amount
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
27,658.479387&nbsp;&nbsp;FNSA
※ As of the end of October
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Block height of the last in October
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
59956439
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
The number of Service Contributor
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Reward Date
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
2023.11.24 12:11:00 (GST) ~
</td>
</tr>
</tbody>
</table>

&nbsp;
[Details]
<table border="1" style="border-collapse: collapse; width: 100%; border-color: #000000; border-style: solid;">
<tbody>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Name of Service Contributor(Corp Name)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
DOSI (LINE NEXT Inc)
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment processing account address
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
link1xr3rq8yvd7qplsw5yx90ftsr2zdhg4e9z60h5duusgxpv72hud3sgmqjlr
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
FINSCHIA payment amount (V)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
23,611.650801
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Contribution per service (C_Base)
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
1
</td>
</tr>
<tr style="border-color: #000000; border-style: solid;">
<td style="width: 37.4111%; background-color: #ecf0f1; border: 1px solid #000000;">
Base reward
</td>
<td style="width: 62.5889%; border: 1px solid #000000;">
27,658.479387&nbsp;&nbsp;FNSA
</td>
</tr>
</tbody>
</table>

&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors. (<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1700812737233.xls?updatedAt=1700812737000" target="_blank" rel="noopener">Excel</a>)

&nbsp;

Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia's service contribution reward : October

Hello, this is the Finschia Foundation.
&nbsp;
The Finschia Foundation has been continuously working to reward FNSA holders who contribute to the ecosystem. As part of this effort, we would like to inform you of the planned use of User Reward FINSCHIA (FNSA) scheduled for November 21, 2023. The User Reward FINSCHIA (FNSA) is a pre-minted quantity before the implementation of Token Economy 2.0. No additional FINSCHIA (FNSA) will be issued specifically for this matter.
&nbsp;
Please refer to the following information for more details.
<div class="content-wrapper"></div>
&nbsp;

[Details]
<ul>
<li>Applicable Date: 2023.11.21 10:00:00 ~ 2023.11.21 23:59:59 (GST)</li>
<li>Purpose of Use: Marketing and Promotion</li>
<li>Amount of Use: 1,500 FNSA (User Reward)</li>
</ul>

❖ Blockchain Explorer:&nbsp;<a rel="nofollow" href="https://scan.blockchain.line.me/Finschia%20Mainnet" class="external-link">https://scan.blockchain.line.me/Finschia%20Mainnet</a>


&nbsp;
[Note]
<ul>
<li>The User Reward FINSCHIA (FNSA) used in this matter is a quantity minted before the implementation of Token Economy 2.0, and will be distributed to users contributing to the Finschia ecosystem.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of User Reward FINSCHIA (2023/11/21)

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA(FNSA) on November 21, 2023. The purpose of this use is for the Foundation's marketing operation and administration, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2023.11.21 10:00:00 ~ 2023.11.21 23:59:59 (GST)</li>
<li>Purpose of Use: Marketing Operation and Administration</li>
<li>Amount of Use: 561.636&nbsp;FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer:&nbsp;<a rel="nofollow" href="https://scan.blockchain.line.me/Finschia%20Mainnet" class="external-link">https://scan.blockchain.line.me/Finschia%20Mainnet</a>

&nbsp;
[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023/11/21)

Hello, this is the Finschia Foundation.

On 20th November 2023, FINSCHIA Voucher (formerly LINK Rewards) has been distributed to LINE Pay's FINSCHIA payment campaign participants. FINSCHIA Voucher will be expired if users do not request its acquisition within the expiry date, but if requested, FNSA will be distributed from&nbsp;a pre-minted quantity before the implementation of Token Economy 2.0 and no additional FINSCHIA (FNSA) will be issued specifically for this matter.

Please refer to the following information for more details.
&nbsp;

[Details]
<ul>
<li>Name of Service: LINE Pay</li>
<li>Campaign Period:&nbsp;2023.09.30 19:00:00 ~ 2023.10.06 05:00:00 (GST)</li>
<li>Campaign Detail:&nbsp;<a href="https://linepay.line.me/promotion/finschia-payment.html" class="external-link" rel="nofollow">https://linepay.line.me/promotion/finschia-payment.html</a></li>
<li>Applicable Date: 2023.11.20 07:00:00 (GST) ~ 2023.11.20 08:00:00 (GST)</li>
<li>Purpose of Distribution: Manual distribution of FNSA to users who did not receive FNSA after using FNSA for payments</li>
<li>Distributing Amount: 1.642162 FNSA (FINSCHIA worth 6,937.3 JPY)</li>
<li>Convertible Period:&nbsp;90 days from the distribution date</li>
</ul>

❖ Blockchain Explorer: 
1) <a href="https://explorer.blockchain.line.me/finschia/transaction/13A81ED87D6BC770B28F1843BCF2B621B5205D46956B78C7EAC1B1AEE28C3C8D">https://explorer.blockchain.line.me/finschia/transaction/13A81ED87D6BC770B28F1843BCF2B621B5205D46956B78C7EAC1B1AEE28C3C8D</a>
2) <a href="https://explorer.blockchain.line.me/finschia/transaction/7CACA219BB5D983AC34E3313260B1BFABA15D58F08C140684351A737953764FD">https://explorer.blockchain.line.me/finschia/transaction/7CACA219BB5D983AC34E3313260B1BFABA15D58F08C140684351A737953764FD</a>
&nbsp;

[Note]
<ul>
<li>FINSCHIA Voucher (formerly LINK Reward), not received or converted within the period will be expired, and in this case, FNSA will not be released or circulated in the market.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on FINSCHIA Voucher Distribution (2023/11/20)

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on November 17, 2023. The purpose of this use is for the Foundation's operating costs and ecosystem activation, and the FINSCHIA (FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. The Finschia Foundation does not possess any pre-issued Reserve due to the Zero-reserve policy, and will not issue additional FINSCHIA (FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;</div>

[Details]
<ul>
<li>Applicable Date: 2023.11.17 06:00:00 (GST) ~ 2023.11.17 23:59:59 (GST)</li>
<li>Purpose of Use: Foundation's operating costs and ecosystem activation</li>
<li>Amount of Use: 15,000 FNSA (Reserve)</li>
</ul>

❖ Blockchain Explorer: 
1 FNSA:&nbsp; <a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/EA6058267715E1608EB42B777195F488DD8E96B1477C6724CE7342B43A3F857C" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/EA6058267715E1608EB42B777195F488DD8E96B1477C6724CE7342B43A3F857C" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/EA6058267715E1608EB42B777195F488DD8E96B1477C6724CE7342B43A3F857C</a> 14999 FNSA:&nbsp; <a target="_blank" class="c-link" data-stringify-link="https://explorer.blockchain.line.me/finschia/transaction/30E26B1E04ED6C19E9310CA2349EC3A5CCD007A5F6B4DEAD871E76F0CABC9B57" delay="150" data-sk="tooltip_parent" href="https://explorer.blockchain.line.me/finschia/transaction/30E26B1E04ED6C19E9310CA2349EC3A5CCD007A5F6B4DEAD871E76F0CABC9B57" rel="noopener noreferrer">https://explorer.blockchain.line.me/finschia/transaction/30E26B1E04ED6C19E9310CA2349EC3A5CCD007A5F6B4DEAD871E76F0CABC9B57</a>
&nbsp;

[Note]
<ul>
<li>The Reserve FINSCHIA (FNSA) issued is accumulated through inflation after the implementation of Token Economy 2.0, and Finschia Foundation does not hold separate pre-issued amounts.</li>
<li>No additional issuance of FINSCHIA (FNSA) tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023/11/17)

Greetings,
This is the Finschia Foundation.
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1700022853339.png?updatedAt=1700022854000" width="1000" height="auto" alt="" />&nbsp;
Following the successful completion of the&nbsp;<a href="https://www.finschia.network/disclosure/detail/357/" class="external-link" rel="nofollow">Finschia mainnet 2.0 upgrade</a>&nbsp;on October 31st, we are pleased to introduce the Ebony public *application node today. Emulating Finschia's specifications, the Ebony testnet provides a conducive environment for development and testing, seamlessly aligning with the main network's features. This facilitates users to effortlessly access and craft production-grade services on the testnet. For further details and developer resources related to Ebony, please refer to the resources provided below.

&nbsp;
❖ Application node is a full node that the Finschia Governance Member(FGM) or Finschia Foundation provides for the direct or indirect use by chain users. (&gt;&nbsp;<a href="https://docs.finschia.network/basics/architecture" class="external-link">see the definition and roles</a>)

&nbsp;
<h1 class="p1" id="id-231115_에보니엔드포인트공개-EbonyResources">Ebony Resources</h1>
<ul>
<li>Finschia Docs:&nbsp;<a href="https://docs.finschia.network/" class="external-link" rel="nofollow">Finschia Docs v1.2</a></li>
<li>Ebony spec guide:&nbsp;<a href="https://docs.finschia.network/node-management/node-setup-testnet" class="external-link" rel="nofollow">Connect to the Ebony testnet</a></li>
<li>Non-custodial wallet: Keplr
<ul>
<li>External developers can integrate wallet functionality into their dApps through Keplr, rather than DOSI Vault.</li>
<li><a href="https://github.com/Finschia/tutorials/tree/main/keplr" class="external-link" rel="nofollow">Finschia Github's wallet integration guide</a></li>
</ul>
</li>
<li>Ebony public endpoint:&nbsp;<a href="https://docs-finschia.line-beta.biz/node-management/interaction-with-finschia/overview" class="external-link" rel="nofollow">Interact with nodes</a>
<ul>
<li>Chain-ID: ebony-2</li>
<li>P2P Peer Information:&nbsp;
<ul>
<li>
9f4eafe881aa2ffd44ea520102518933a5a0f6d1@147.92.196.180:26656

</li>
<li>
7957b361c1cbe28f590b7bc19dbd88075d8dc3c4@147.92.234.133:26656

</li>
<li>
05715c6e1641925816cd319169107386a3ab652d@147.92.239.216:26656
</li>
</ul>
</li>
<li>Endpoint:
<ul>
<li>https://ebony-api.finschia.io&nbsp;(REST)</li>
<li>https://ebony-rpc.finschia.io&nbsp;(RPC)</li>
<li>ebony-grpc.finschia.io:443 (gRPC)</li>
</ul>
</li>
</ul>
</li>
</ul>
&nbsp;
<h4>❖&nbsp;The Ebony testnet also supports *Swagger to make using the chain's API more convenient. (<a href="https://ebony-api.finschia.io/swagger/" class="external-link" rel="nofollow" style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">https://ebony-api.finschia.io/swagger/</a>)</h4>
<h4>❖ Swagger is a tool for documenting&nbsp; RESTful APIs and making them easy for users to test and service.</h4>
<h4>❖&nbsp;The public application nodes in this document, supported by the Finschia Foundation to enhance the ecosystem, are subject to potential operational or endpoint changes influenced by internal Foundation matters or external factors.</h4>
&nbsp;
With the introduction of the Ebony endpoint, testing and building dApps and services becomes accessible to all. The collaborative endeavor to enhance the development environment extends beyond the Finschia Foundation and its governance members; it encompasses a shared commitment for everyone to engage freely within a fair and stable ecosystem. Our commitment involves actively supporting the inclusion of services that contribute to various domains, fostering mutual growth with our ecosystem partners. Your valuable contributions to this project are eagerly awaited, and we extend an invitation to join us in this phase of rapid expansion.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Releasing Ebony testnet endpoint

Greetings,
This is the Finschia Foundation.
&nbsp;
Following the successful Finschia mainnet 2.0 upgrade, we are pleased to announce the release of Finschia Docs 1.2.
&nbsp;
Additionally, a public application node supporting the development of dApps and services by external developers and public users will be introduced in phases through Finschia Docs. Please find the new improvements incorporated in Finschia Docs v1.2 below.&nbsp;
&nbsp;
Update details:
<ul class="p-rich_text_list p-rich_text_list__bullet">
<li>Section: Node management&nbsp;
<ul class="p-rich_text_list p-rich_text_list__bullet">
<li>Connect to a full node changed to&nbsp;<a href="https://docs.finschia.network/node-management/node-setup" class="external-link" rel="nofollow">Connect to the Finschia mainnet</a></li>
<li><a href="https://docs.finschia.network/node-management/node-setup-testnet" class="external-link" rel="nofollow">Connect to the Ebony testnet</a>&nbsp;added</li>
<li><a href="https://docs.finschia.network/node-management/upgrade-node" class="external-link" rel="nofollow">Upgrade a node</a>&nbsp;added</li>
</ul>
&nbsp;
</li>
<li>Section: Validators
<ul class="p-rich_text_list p-rich_text_list__bullet">
<li><a href="https://docs.finschia.network/validators/" class="external-link" rel="nofollow">Run a validator</a>&nbsp;added</li>
<li><a href="https://docs.finschia.network/validators/faq" class="external-link" rel="nofollow">FAQ</a>&nbsp;added</li>
</ul>
</li>
</ul>
&nbsp;
For an in-depth understanding of Finschia Docs v1.2, please refer to the detailed policy document.
&nbsp;
<a href="https://docs.finschia.network/" class="external-link" rel="nofollow">&gt;&gt; Finschia Docs</a>
&nbsp;
Finschia remains resolute in its unwavering pursuit of enhancement and collaboration to realize the vision of 'Blockchain for All.'&nbsp;We eagerly anticipate your valuable contributions to this project and invite you to join us during this phase of rapid expansion.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Finschia Docs v1.2 released

Hello, this is the Finschia Foundation.
&nbsp;
We are announcing that FNSA will be recovered on November 1, 2023.
The unused quantity of FNSA allocated&nbsp;to LINE Pay&nbsp;for user reward is scheduled to be recovered by the Foundation.

&nbsp;
[Summary]
<ul>
<li>Date: 2023/11/1</li>
<li>Amount: 63021.188998 FNSA</li>
<li>Purpose: Recovery of unused User Reward FNSA allocated to LINE Pay</li>
</ul>
&nbsp;
Please refer to the following information for more details.

&nbsp;
[Details]
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698814173690.png?updatedAt=1698814174000" width="1000" height="auto" alt="" />
&nbsp;* Blockchain Explorer: <a target="_blank" class="c-link" data-stringify-link="https://scan.blockchain.line.me/Finschia%20Mainnet/tx/B85CFC9B80AD9A66B03B1923E610FB0CA750337622806BB77AB93DD01769BC69" delay="150" data-sk="tooltip_parent" href="https://scan.blockchain.line.me/Finschia%20Mainnet/tx/B85CFC9B80AD9A66B03B1923E610FB0CA750337622806BB77AB93DD01769BC69" rel="noopener">https://scan.blockchain.line.me/Finschia%20Mainnet/tx/B85CFC9B80AD9A66B03B1923E610FB0CA750337622806BB77AB93DD01769BC69</a>

&nbsp;
[Note]
<ul>
<li>Recovered FNSA will be collected by the Foundation, reallocated for user rewards, and not used for any other purposes.</li>
<li>The amount recovered is already included in the circulating volume; thus its volume will not be affected by the recovered amount.</li>
</ul>
&nbsp;&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement of FNSA Recovery (2023.11.01)

Hello, this is the Finschia Foundation.
&nbsp;
The Finschia mainnet 2.0 was successfully upgraded on October 31, 2023, starting with 59,938,000 block height. Services that were temporarily suspended during the upgrade have now been fully restored. The exact timing for resuming deposits and withdrawals on exchanges may vary, so please refer to each exchange&rsquo;s official announcement for more details.
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698735434806.png?updatedAt=1698735436000" width="1000" height="auto" alt="" />
&nbsp;
<h1 name="9c2b" class="graf graf--h3">Purpose of the Finschia mainnet&nbsp;2.0</h1>
&nbsp;
<h2 name="4ab0" class="graf graf--h4">Software v2&nbsp;upgrade</h2>
<ul class="postList">
<li name="0a3d" class="graf graf--li">To increase the technical maturity of the Finschia chain</li>
<li name="2584" class="graf graf--li">To expand governance transparency and ensure network stability</li>
</ul>
&nbsp;
<h2 name="f6ca" class="graf graf--h4">Policy v1&nbsp;upgrade</h2>
<ul class="postList">
<li name="17fa" class="graf graf--li">To enact new policies to clarify key chain policies on accessibility and scalability of Finschia development</li>
<li name="89e2" class="graf graf--li">To systematically manage Finschia operations alongside Finschia Governance and improve network-wide stability</li>
</ul>
&nbsp;
This upgrade is the fourth milestone &mdash; the &ldquo;Transition to a consortium system&rdquo; &mdash; of the Finschia Foundation for the transition to the public chain.
&nbsp;
<ul class="postList">
<li name="8509" class="graf graf--li">First Milestone: Launch of the Finschia Foundation (done)</li>
<li name="bdc3" class="graf graf--li">Second Milestone: Activation of the Token Economy 2.0 (done)</li>
<li name="cf02" class="graf graf--li">Third Milestone: Integration of Daphne and Finschia mainnet (done)</li>
<li name="8b13" class="graf graf--li">Fourth Milestone: Transition to a consortium system (done)</li>
</ul>
❖ cf.) <a href="https://medium.com/lineblockchain/en-finschia-the-new-paradigm-of-connecting-web3-aa24f2cc30d" data-href="https://medium.com/lineblockchain/en-finschia-the-new-paradigm-of-connecting-web3-aa24f2cc30d" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">Finschia: The New Paradigm of Connecting Web3</a>
&nbsp;
<h1 name="391f" class="graf graf--h3">Changes after the Finschia mainnet 2.0&nbsp;upgrade</h1>
&nbsp;
<h2>Software v2</h2>
Finschia core pillar&nbsp;(<a rel="nofollow" href="https://github.com/Finschia/finschia-sdk" class="external-link">finschia-sdk</a>,&nbsp;<a rel="nofollow" href="https://github.com/Finschia/ostracon" class="external-link">Ostracon</a>) updates
<ul>
<li>Cosmos-SDK&nbsp;upgraded to&nbsp;v0.45.10</li>
<li>Tendermint&nbsp;upgraded to&nbsp;v0.34.24</li>
</ul>
&nbsp;
Governance adjustment
<ul>
<li>Transfer of&nbsp;<code>FoundationTax</code>&nbsp;parameter management from Foundation(<code>x/foundation)</code>&nbsp;to On-chain governance(<code>x/gov)</code></li>
</ul>
&nbsp;
Enhanced functionality
<ul>
<li>Replaced libsodium VRF library with curve25519-voi for improved Ostraon's Verified Random Function (VRF)</li>
</ul>
&nbsp;
Infrastructure upgrade
<ul>
<li>Adoption of Go 1.20</li>
</ul>
&nbsp;
Bug fixes
<ul>
<li>Resolution of issues impacting the&nbsp;total supply of Fungible&nbsp;Token(FT) in&nbsp;<code>x/collection</code></li>
</ul>
&nbsp;
<h2>Policy v1</h2>
<section name="3aca" class="section section--body">
<div class="section-content">
<div class="section-inner sectionLayout--insetColumn">
Enforcement of node endpoint management policy level 1
<ul class="postList">
<li name="1b53" class="graf graf--li">Level 1: This level places the highest priority on the stability and security of Finschia after conversion to the consortium. FGMs can operate nodes on another network, but all nodes must be managed with the access control list (ACL) by default. However, FGMs can operate application nodes at their discretion, with open endpoints to support access and use by chain users.</li>
</ul>
&nbsp;
Enforcement of minimum gas price management policy level&nbsp;1
<ul class="postList">
<li name="de23" class="graf graf--li">Level 1: In the early stage of the consortium, prioritizing the mutual growth of participants in the Finschia ecosystem and securing a competitive edge at the protocol level is crucial. Therefore, the gas fee at level 1 is standardized to ensure convenient development and an exceptional user experience with a free or nearly free fee structure.</li>
</ul>
&nbsp;
Enforcement of software and policy upgrade process management
</div>
</div>
</section>
<section name="a228" class="section section--body">
<div class="section-divider"></div>
&nbsp;
<h4 class="section-divider">❖ More details about the software 2.0 upgrade can be found <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/17" data-href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/17" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank" style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">here in the proposal</a>.</h4>
</section>
<h4 name="c97a" class="graf graf--p">❖ More details about the Finschia policy 1.0 can be found <a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/16" data-href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/16" class="markup--anchor markup--p-anchor" rel="nofollow noopener" target="_blank">here in the proposal</a>.</h4>
&nbsp;
&nbsp;
Finschia, managed by 13 Finschia Governance Members (FGM) operating stable nodes, now provides a secure and transparent on-chain governance framework that cultivates an environment conducive to service development. This initiative has also laid the groundwork for builders seeking to create services atop the Finschia chain, fostering creative freedom. We remain steadfast in our commitment to support each member&rsquo;s growth and drive ecosystem expansion within a stable and unencumbered framework.
&nbsp;
Furthermore, we are in the process of launching a public application node in November, which will provide an enhanced development environment. This facility will facilitate swift and effortless testing and deployment of services. As we complete the Finschia 2.0 upgrade, we will progressively unveil endpoints, commencing from Ebony to Finschia.
&nbsp;
Finschia is dedicated to actively supporting the inclusion of services that can contribute to various domains, ensuring mutual growth with our ecosystem partners. We eagerly anticipate your valuable contributions to this project and invite you to join us during this phase of rapid expansion.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcing the successful upgrade of Finschia mainnet 2.0

Greetings,
This is the Finschia Foundation.
&nbsp;
In our unwavering commitment to bring Finschia's visionary goal of 'Blockchain for All' to fruition, the Finschia Foundation has diligently crafted new policies. These policies constitute a pivotal stride toward the augmentation of Finschia's accessibility and scalability, underpinning the advancement of the Finschia ecosystem.
&nbsp;
We hereby announce the official unveiling of Finschia Policy v1.0, a proposal registered within the Finschia Foundation and formally enacted as of October 27, 2023. This seminal policy framework encompasses the following critical domains:
&nbsp;
<h1 id="id-231027_Finschia신규정책안내-Nodeendpointmanagementpolicy">Node endpoint management policy</h1>
This policy defines the schedule, method, and level of opening endpoints for nodes on Finschia and is classified into three levels. Once this proposal is approved by the governance vote, level 1 will go into effect from the block height of approval.

&nbsp;
<ul>
<li>Level 1: This level places the highest priority on the stability and security of Finschia after conversion to the consortium. FGMs can operate nodes on another network, but all nodes must be managed with the access control list (ACL)&nbsp;by default. However, FGMs can operate application nodes at their discretion, with open endpoints to support access and use by chain users.</li>
</ul>
&nbsp;
By virtue of these regulations, each Finschia Governance Member (FGM) can exercise control over the management of node endpoints, aligning them with their distinct objectives and purposes. This results in an expanded Finschia ecosystem, marked by enhanced scalability and enriched collaborative prospects.&nbsp;
&nbsp;
&nbsp;
<h1 id="id-231027_Finschia신규정책안내-Minimumgaspricemanagementpolicy">Minimum gas price management policy</h1>
Buttressing the growth of participants within the Finschia ecosystem, this policy defines when and how the minimum gas price per node is determined on Finschia and is classified into two levels. Once this proposal is approved by the governance vote, level 1 will go into effect from the block height of approval. Each node operator is expected to adhere to the 2-tiered policy, encompassing fee determination timing and method.&nbsp;

&nbsp;
<ul>
<li>Level 1: In the early stage of the consortium, prioritizing the mutual growth of participants in the Finschia ecosystem and securing a competitive edge at the protocol level is crucial.&nbsp;Therefore, the gas fee at level 1 is standardized to ensure convenient development and an exceptional user experience with a free or nearly free fee structure.</li>
</ul>
&nbsp;
&nbsp;
<h1 id="id-231027_Finschia신규정책안내-SoftwareandPolicyUpgradeProcessManagement">Software and Policy Upgrade Process Management</h1>
This policy defines the standard governance process for software and policy upgrades on Finschia.&nbsp;Software upgrade&nbsp;refers to the upgrade of the Finschia binary, and upgrades are classified into major or minor upgrades, depending on whether the upgrade causes a breaking change (a situation where the chain must be halted due to an immediate impact on the consensus).
&nbsp;
Policy upgrade refers to the establishment, amendment, and abolishment of all policies related to the general operation of Finschia, including the token economy.&nbsp;Policy upgrades are classified into major and minor upgrades, depending on whether they have an immediate or potential impact on the usability for direct or indirect chain users, including validators, developers, or end users.&nbsp;
&nbsp;
Therefore, this policy establishes a clear definition of the upgrade process, ensuring the overall upgrade process is systematic and efficient.&nbsp;
&nbsp;
&nbsp;
For an in-depth understanding of Finschia Policy v1.0, please refer to the detailed policy document.
&nbsp;
<a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/16" class="external-link">&gt;&gt; Finschia Policy v1.0</a>
&nbsp;
Finschia remains resolute in its unwavering pursuit of enhancement and collaboration to realize the vision of 'Blockchain for All.' We anticipate the substantial support that will fortify our voyage and extend our sincere gratitude in advance!
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcing Finschia Policy v1.0

Hello, this is the Finschia Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of September, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy,&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).

&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2023/10/27
▸ Purpose of Reward : Service contribution reward
▸ Amount of Reward: 26,510.497157 FNSA
▸ Governance Proposal:&nbsp;<a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/14" style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/15</a>
&nbsp;
[Reward: September]
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698386714739.png?updatedAt=1698386717000" width="900" height="249" alt="" />
&nbsp;
[Details]
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698386750317.png?updatedAt=1698386751000" width="900" height="247" alt="" />
&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors. (<a href="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698402255620.xls?updatedAt=1698402255000">URL</a>)&nbsp;

&nbsp;

Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia's service contribution reward : September

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on Oct 26, 2023. FINSCHIA will be used for the GAME DOSI Partner as part of the dApp Support Program from the minted Reserve FINSCHIA(<a href="https://www.finschia.network/disclosure/detail/130/">URL</a>). There will be no additional minting or changes in circulation due to this. The Finschia Foundation does not own pre-issued reserves (Reserve) under the Zero-reserve policy, and will not additionally issue FINSCHIA(FNSA) for this matter.
&nbsp;
Please refer to the following information for more details.

<div class="content-wrapper">&nbsp;
[Summary]
</div>
<ul>
<li>Date: 2023/10/26</li>
<li>Purpose of Use:&nbsp;dApp support program</li>
<li>Amount of Use:&nbsp;1,186 FNSA&nbsp;(Reserve)</li>
</ul>
&nbsp;

[Details]
<ul>
<li>Name of Service: GAME DOSI Partner (dApp)</li>
<li>Applicable Date: 2023.10.26 08:00:00 (GST) ~ 2023.10.26 23:59:59 (GST)</li>
<li>Purpose of Use: dApp support program</li>
<li>Amount of Use: 1,186 FNSA&nbsp;(Reserve)</li>
</ul>

❖ Blockchain Explorer:
<a href="https://scan.blockchain.line.me/Finschia％20Mainnet/tx/34E008403BB6E3DE7B0DAB9AA5948104F2222E5E5CC4109089412F56249F11C5">https://scan.blockchain.line.me/Finschia％20Mainnet/tx/34E008403BB6E3DE7B0DAB9AA5948104F2222E5E5CC4109089412F56249F11C5</a> (1 FNSA)
<a href="https://scan.blockchain.line.me/Finschia％20Mainnet/tx/8C0285408BAA6ECF553AE8E482D9D7D6EFBF4216EDCDE1F94EB1A3B6658B7F2D">https://scan.blockchain.line.me/Finschia％20Mainnet/tx/8C0285408BAA6ECF553AE8E482D9D7D6EFBF4216EDCDE1F94EB1A3B6658B7F2D</a> (1,185 FNSA)
&nbsp;

[Note]
<ul>
<li>GAME DOSI Partner does not specify dApp or partner but is a collective term to indicate various partners.&nbsp;</li>
<li>The FNSA issued to the partner company will be used to build dApp/infra/solution to expand Finschia's ecosystem by prior arrangement.&nbsp;</li>
<li>The name(s) of the partner(s) will be disclosed once available.&nbsp;</li>
<li>No additional issuance of FINSCHIA tokens will be made for this matter, and the total circulating supply will remain unchanged.</li>
</ul>

&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023/10/26)

Hello, this is the Finschia Foundation.
&nbsp;
We are pleased to announce that the official Finschia website has undergone a significant upgrade to version 2.0, effective as of October 25, 2023.
&nbsp;
This upgrade represents a crucial milestone in the development of the Finschia mainnet as we progress toward the transition to a public chain. The enhanced website is meticulously designed to enable you to explore the forward-thinking attributes of blockchain and Web3 while providing an enriched user experience. It offers seamless access to essential information and resources for all those interested in the world of Finschia.&nbsp;
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1698214526092.png?updatedAt=1698214526000" width="773" height="449" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
<h2>Key highlights of the upgrade</h2>
&nbsp;
User Interface (UI) and User Experience (UX) improvements
<ul>
<li>Ensuring the intuitive and efficient delivery of extensive information</li>
</ul>
&nbsp;
Learning resources: Expanding Finschia-related information
<ul>
<li>Mainnet</li>
<li>FINSCHIA (FNSA)</li>
<li>FNSA staking</li>
<li>Service Contribution Rewards (SCR)</li>
</ul>
&nbsp;
Building resources: Enriched offerings for developers
<ul>
<li>Finschia SDK</li>
<li>Finschia technical documentation</li>
<li>Finschia standard documentation (upcoming)</li>
<li>Developer community platform (upcoming)</li>
</ul>
&nbsp;
Governance: Alignment of governance-related information
<ul>
<li>Introduction of node staking and proposals</li>
</ul>
&nbsp;
While the current website is available exclusively in English, we are committed to extending support for multiple languages, including Korea, in due course. We invite you to explore the new and improved Finschia experience, so we encourage you to share your valuable feedback on the user experience by clicking <a href="https://www.finschia.network/support/" class="external-link" rel="nofollow">here</a>.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcing Finschia website upgrade to version 2.0

Hello, this is the Finschia Foundation.
&nbsp;
Followed by the successful launch of the Finschia mainnet and the introduction of the consortium system to fortify ecosystem stability, we, the Finschia Foundation, are pleased to elevate the mainnet version to 2.0. This upgrade is strategically aligned to bolster the governance framework and enhance network stability, while concurrently fostering an environment conducive to the unencumbered development and onboarding of dApps and services onto the public chain.
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1697774223632.png?updatedAt=1697774225000" width="537" height="312" alt="" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
Upgrade details
Finschia core pillar&nbsp;(<a class="external-link" href="https://github.com/Finschia/finschia-sdk" rel="nofollow">finschia-sdk</a>,&nbsp;<a class="external-link" href="https://github.com/Finschia/ostracon" rel="nofollow">Ostracon</a>) updates:
▸ Cosmos-SDK upgraded to v0.45.10
▸ Tendermint upgraded to v0.34.24
&nbsp;
Governance adjustment:
▸ Transfer of&nbsp;<code>FoundationTax</code>&nbsp;parameter management from Foundation(<code>x/foundation)</code>&nbsp;to On-chain governance(<code>x/gov)</code>
&nbsp;
Enhanced functionality:
▸ Replaced libsodium VRF library with curve25519-voi for improved Ostraon&rsquo;s Verified Random Function (VRF)
&nbsp;
Infrastructure upgrade:
▸ Adoption of Go 1.20
&nbsp;
Bug fixes:
▸ Resolution of issues impacting the&nbsp;total supply of Fungible&nbsp;Token(FT) in&nbsp;<code>x/collection</code>
&nbsp;
&nbsp;
Upgrade schedule
October 31, 2023 (Tue)
▸ Chain suspension and upgrade: 14:00 &ndash; 16:00 KST
▸ The suspension and resumption of deposits and withdrawals on FINSCHIA (FNSA) exchanges varies by exchange, so please check the exchange&rsquo;s announcement.

❖ End time may vary depending on progress.
❖ The upgrade schedule is subject to change based on internal testing and other development considerations. If any changes, a separate announcement will be made.&nbsp;
&nbsp;
Please refer to the provided mainnet upgrade schedule to avoid any service inconvenience in advance. We trust you will continue to be a vital part of our ongoing journey as we rapidly advance towards the center of Web3 popularization, nurturing a public blockchain and ecosystem accessible to a billion users. We thank you for your unwavering support.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Pre-notice of Finschia mainnet 2.0 upgrade

Hello, this is the Finschia Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of August, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy,&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).
&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
▸ Reward Date: 2023/9/22
▸ Purpose of Reward : Service contribution reward
▸ Amount of Reward: 27,054.472243 FNSA
▸ Governance Proposal:&nbsp;<a href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/14" style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/14</a>
&nbsp;
[Reward: August]
<img class="aligncenter size-full wp-image-8700" src="https://blockchain2-org.line-apps.com/wp-content/uploads/2023/09/Service-contribution-reward_august.png" alt="" width="631" height="263" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
[Details]
<img class="aligncenter size-full wp-image-8702" src="https://blockchain2-org.line-apps.com/wp-content/uploads/2023/09/Service-contribution-reward_august2.png" alt="" width="631" height="316" style="display: block; margin-left: auto; margin-right: auto;" />
&nbsp;
[Note]
▸ Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.
▸ No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.
▸ To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors. (<a href="https://finschia.network/wp-content/uploads/2023/05/Service-Contribution-Reward-transaction-data-April_final.xlsx" style="color: #236fa1;">URL</a>)
&nbsp;
Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia's service contribution reward : August

Hello, this is the Finschia Foundation.
&nbsp;
We are pleased to announce that DELIGHT has joined Finschia as a governance member. Founded in 2019, DELIGHT has extensive experience in launching services related to Cosmos-based mainnets and has been supporting decentralized ecosystems for years by providing protocols and services using various blockchain technologies. DELIGHT is currently involved as a validator for more than 20 networks, and with their years of experience and capabilities, they eagerly anticipate participating in Finschia Governance to support the expansion of the decentralized ecosystem.
&nbsp;
<img src="https://vos.line-scdn.net/landpress-content-v2-ogautzqf79ax91l8h8icywfr/1697775765191.png?updatedAt=1697775765000" width="1000" height="auto" alt="" />
How will DELIGHT contribute to the Finschia ecosystem?
1. Contributing to the core development of the Finschia mainnet
DELIGHT plays a role in helping users easily understand and monitor blockchain network information through data transparency and analytics. Therefore, in areas where the Finschia mainnet needs enhancement, DELIGHT will contribute in the following ways:
▸ Provide transaction monitoring
▸ Provide smart contract analysis
▸ Ensure data transparency
&nbsp;
2. Contributing to the development of DEX services
Given DELIGHT&rsquo;s experience in developing DeFi services within the Cosmos ecosystem, it plans to support the successful launch and operation of DEX services in the Finschia ecosystem in the near future by:
▸ Providing multi-chain support: Conducting Data analysis and monitoring to ensure effective multi-chain operation.
▸ Managing transactions in real-time: Analyzing transactions on DeFi platforms to provide users with accurate information.
▸ Collecting and analyzing data: Managing the data required to ensure stable pool revenues in the DeFi ecosystem.
▸ Supporting the DeFi ecosystem: Collaborating closely with the DeFi ecosystem network to provide users with rich opportunities to engage with DeFi services and assets.
<div class="content-wrapper">
&nbsp;
</div>
With DELIGHT&rsquo;s node in operation, we encourage you to use the FNSA staking service through the&nbsp;<a class="external-link" href="https://scan.blockchain.line.me/Finschia%20Mainnet/staking" rel="nofollow">LINE Blockchain Scan</a>&nbsp;and&nbsp;<a class="external-link" href="https://vault.dosi.world/" rel="nofollow">DOSI Vault</a>&nbsp;mobile applications. (&gt;&nbsp;<a class="external-link" href="https://medium.com/lineblockchain/guide-for-using-finschia-fnsa-staking-beta-mobile-service-97eebf2343ae" rel="nofollow">read DOSI Vault user guide</a>)
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia welcomes DELIGHT as Finschia Governance Member and node validator

Hello, this is the Finschia Foundation.
&nbsp;
We would like to announce the scheduled use of the virtual asset FINSCHIA (FNSA) on Sep 21, 2023. The purpose of this use is for the Foundation&rsquo;s operating costs and ecosystem activation, and the FINSCHIA(FNSA) will be used from the Reserve accumulated through inflation after the Token Economy 2.0 implementation. Finschia Foundation does not possess any pre-issued Reserve due to the zero-reserve policy, and will not issue additional FINSCHIA(FNSA) for this purpose.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Summary]
▸ Date: 2023/9/21
▸ Purpose of Use: dApp support program
▸ Amount of Use:&nbsp;11,985 FNSA&nbsp;(Reserve)
&nbsp;
[Details]&nbsp;
<img class="aligncenter size-full wp-image-8696" src="https://blockchain2-org.line-apps.com/wp-content/uploads/2023/09/Announcement-on-the-use-of-Reserve-FINSCHIA-2023921.png" alt="" width="681" height="169" />
* Blockchain Explorer:&nbsp;<a href="https://scan.blockchain.line.me/Finschia%20Mainnet">https://scan.blockchain.line.me/Finschia%20Mainnet</a>
&nbsp;
[Note]
▸ GAME DOSI Partner does not specify dApp or partner but is a collective term to indicate various partners.
▸ The FNSA issued to the partner company will be used to build dApp/infra/solution to expand Finschia&rsquo;s ecosystem by prior arrangement.
▸ The name(s) of the partner(s) will be disclosed once available.
▸ No additional issuance of FINSCHIA tokens will be made for this matter, and the total circulating supply will remain unchanged.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;

Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Announcement on the use of Reserve FINSCHIA (2023.09.21) 

Hello, this is the Finschia Foundation.
&nbsp;
We would like to inform you of the additional purpose for the use of the virtual asset FINSCHIA (FNSA), which was initially minted (<a class="external-link" href="https://www.finschia.network/notice-2/?board-page=4&amp;board-id=7406" rel="nofollow" style="color: #236fa1;">URL</a>) for the Foundation&rsquo;s operating costs and ecosystem activation. The Finschia Foundation intends to allocate a portion of the Reserve FINSCHIA (FNSA) not only for the construction of dApp/Infra/solutions to further the Finschia ecosystem&nbsp;but also for the purpose of ecosystem vitalization.
&nbsp;
Please refer to the following information for more details.
&nbsp;
[Information]
▸ Date: 2023/9/21
▸ Purpose of Use: Ecosystem vitalization
▸ Amount of Use: 30,000 FNSA (Reserve)
&nbsp;
[Remarks]
<img class="aligncenter size-full wp-image-8690" src="https://blockchain2-org.line-apps.com/wp-content/uploads/2023/09/Notice-on-the-Use-and-Addition-of-Purpose-for-Reserve-FINSCHIA.png" alt="" width="649" height="113" />
* Blockchain Explorer:&nbsp;<a href="https://scan.blockchain.line.me/Finschia%20Mainnet">https://scan.blockchain.line.me/Finschia%20Mainnet</a>
&nbsp;
[Remarks]
▸ The FINSCHIA (FNSA) issued to the partner company will be used to build dApp/infra/solution to expand Finschia&rsquo;s ecosystem and for the purpose of ecosystem vitalization by prior arrangement.
▸ The Finschia Foundation does not own any pre-issued quantity (Reserve) due to its Zero-Reserve policy and will not issue additional FINSCHIA (FNSA) specifically for this matter.
&nbsp;
The Finschia Foundation is committed to focusing on the popularization of Web3 and will continue to strive to create a sustainable token economy and blockchain ecosystem.
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
-
Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet &ldquo;Finschia&rdquo; are not regulated and are not provided under the Finschia Foundation license.

Notice on the use and addition of purpose for Reserve FINSCHIA

<div class="content-wrapper">
Hello, this is the Finschia Foundation.
&nbsp;
Following the launch of Finschia Governance 2.0, we are pleased to welcome CertiK as a new Finschia Governance Member (FGM). (&gt;&nbsp;<a class="external-link" href="https://medium.com/lineblockchain/finschia-foundation-announces-first-finschia-governance-members-including-softbank-line-next-and-ff8565a1320f" rel="nofollow">view the first FGM</a>)&nbsp;As one of the fastest growing and most trusted companies in blockchain security, CertiK combines expert manual review with best-in-class AI technology to protect and monitor blockchain protocols and smart contracts. (&gt;&nbsp;<a class="external-link" href="https://skynet.certik.com/ko/projects/finschia?utm_source=CMC&amp;utm_campaign=AuditByCertiKLink" rel="nofollow">view the Finschia code audit</a>)
&nbsp;
❖ Code audit: a security audit that checks blockchain project code for errors, security and stability.
&nbsp;
</div>
<img class="aligncenter size-full wp-image-8670" src="https://blockchain2-org.line-apps.com/wp-content/uploads/2023/09/FGM_CertiK-added.png" alt="" width="1080" height="628" />
<div class="content-wrapper">
How will CertiK contribute to the Finschia ecosystem?
The Finschia Foundation prioritizes the recruitment of partners whose services and platforms can contribute to the Finschia ecosystem for the benefit of its users.
&nbsp;
CertiK will provide comprehensive code audits for dApps and services integrating with the Finschia mainnet, bolstering its security infrastructure. Additionally, the Finschia Foundation will collaborate with CertiK to establish a dedicated developer community, leveraging the global network of security experts that CertiK brings to the table.
&nbsp;
</div>
With Certik&rsquo;s node operation coming soon, we encourage you to use the FNSA staking service through the&nbsp;<a class="external-link" href="https://scan.blockchain.line.me/Finschia%20Mainnet/staking" rel="nofollow">LINE Blockchain Scan</a>&nbsp;and&nbsp;<a class="external-link" href="https://vault.dosi.world/" rel="nofollow">DOSI Vault</a>&nbsp;mobile applications. (&gt;&nbsp;<a class="external-link" href="https://medium.com/lineblockchain/guide-for-using-finschia-fnsa-staking-beta-mobile-service-97eebf2343ae" rel="nofollow" style="color: #236fa1;">read DOSI Vault user guide</a>)
&nbsp;
We are the blockchain for all.
Finschia Foundation
&nbsp;
# # #
&nbsp;
<hr />
&nbsp;About Finschia Foundation
The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain, &ldquo;Blockchain for All&rdquo;, the Foundation operates its third-generation public blockchain mainnet &ldquo;Finschia&rdquo; and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.
&nbsp;
About CertiK
CertiK is a pioneer in blockchain security, leveraging best-in-class technology to protect and monitor blockchain protocols and smart contracts to deliver specialized Web3 security analysis. Founded in 2018 by professors from Yale University and Columbia University, CertiK&rsquo;s mission is to secure the Web3 world. CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.
&nbsp;
One of the fastest-growing and most trusted companies in blockchain security, CertiK is a true market leader. To date, CertiK has worked with nearly 4,000 enterprise clients, secured over $360 billion worth of digital assets, and has detected nearly 70,000 vulnerabilities in blockchain code. Our clients include leading projects such as Aave, Polygon, Binance Smart Chain, Yearn Finance, and Chiliz.
&nbsp;
​​CertiK is backed by Insight, Partners, Sequoia, Tiger Global, Coatue Management, Lightspeed, Advent International, SoftBank, Hillhouse Capital, Goldman Sachs, Coinbase Ventures, Binance, Shunwei Capital, IDG Capital, Wing, Legend Star, Danhua Capital and other investors.

Finschia welcomes CertiK as Finschia Governance Member and node validator

Hello, this is the Finschia Foundation.
&nbsp;
Today, we would like to inform you that service contribution rewards will be distributed throughout the day to services that have made significant contributions to the Finschia ecosystem for the month of July, following&nbsp;the&nbsp;service contributor reward policy.&nbsp;(*Service contribution refers to direct contributions paid in FINSCHIA(FNSA) on-chain, based on the&nbsp;detailed Service Contribution Rewards (SCR) policy,&nbsp;which is one of the key reward policies of Finschia Token Economy 2.0, disclosed last April.)
&nbsp;
Service Contribution rewards are paid out from the service contribution reward pool. With the implementation of Token Economy 2.0, 30% of FINSCHIA (FNSA) issued through inflation is accumulated in the service contribution reward pool. You can check the balance status of the service contribution reward pool, also known as the Community Pool, through the LINE Blockchain Scan dashboard (<a href="https://scan.blockchain.line.me/" style="color: #236fa1;">URL</a>).
&nbsp;
Please refer to the details below.
&nbsp;
[Summary]
<ul>
<li>Reward Date : 2023/8/31</li>
<li>Purpose of Reward : Service contribution reward</li>
<li>Amount of Reward: 26,706.011458 FNSA</li>
<li>Governance Proposal: <a class="external-link" href="https://scan.blockchain.line.me/Finschia%20Mainnet/gov/13" rel="nofollow">https://scan.blockchain.line.me/Finschia%20Mainnet/gov/13</a></li>
</ul>
&nbsp;
[Reward: July]
<img class="aligncenter size-full wp-image-8665" src="https://blockchain2-org.line-apps.com/wp-content/uploads/2023/07/SCR_July_1.png" alt="" width="2156" height="614" />
&nbsp;
[Details]
<img class="aligncenter size-full wp-image-8663" src="https://blockchain2-org.line-apps.com/wp-content/uploads/2023/07/SCR_July_2.png" alt="" width="2156" height="610" />
&nbsp;
[Note]
<ul>
<li>Service Contribution Reward is accumulated from the service contribution reward pool generated through inflation after the implementation of Token Economy 2.0.</li>
<li>No additional issuance of FINSCHIA(FNSA) will be made for this matter, and the total circulating supply will remain unchanged.</li>
<li>To provide transparent information to the community, the on-chain information of the FINSCHIA(FNSA) payment processing account address for service contributors is shared. This allows for a transparent verification of the contribution of service contributors. (<a href="https://finschia.network/wp-content/uploads/2023/05/Service-Contribution-Reward-transaction-data-April_final.xlsx" style="color: #236fa1;">URL</a>)</li>
</ul>
&nbsp;
Finschia is emphasizing Token Economy 2.0 and service contribution rewards as&nbsp;a differentiated key&nbsp;strategy, focusing on the essence of service growth and token demand creation in order to expand Web3 and operate FINSCHIA(FNSA) transparently. To become a blockchain that is easily understood and used by billions of people and a blockchain that grows together, it is necessary to collaborate with numerous distinguished partners.&nbsp;We ask that those who are interested in becoming service contributors with Finschia contact us at&nbsp;<a class="external-link" href="mailto:contact@finschia.org" rel="nofollow">contact@finschia.org</a>.
&nbsp;
Finschia aims to scale to serve a billion users and stand at the center of Web3 popularization. We look forward to your contributions to the project, and we hope you will join us through this period of rapid growth.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia's service contribution reward: July

Hello, this is the Finschia Foundation.
&nbsp;
We are pleased to announce that FNSA trading event will be held with Huobi Global. Both FNSA/USDT and FNSA/BTC pairs are supported, and FNSA rewards will be granted based on FNSA trading rankings for 3 weeks starting August 28, 2023. Please find more event details through the Huobi Global announcement.
&nbsp;
Event Summary
▸ Exchange: Huobi Global
▸ Pair: FNSA/USDT, FNSA/BTC
▸ Period: 11:00 (UTC) Aug 28, 2023 &ndash; 11:00 (UTC) Sep 13, 2023
▸ Reward volume: 25,000 USD (approx. 1,122 FNSA)
▸ Reward distribution: within 14 working days after the event ends
▸ More details: <a href="https://www.huobi.com/support/en-us/detail/74947216305222" style="color: #236fa1;">Huobi Global announcement</a>
&nbsp;
❖ The information provided for the event is subject to change without prior notice and/or the event may be terminated early.
&nbsp;
This event is designed to foster the growth of the Finschia ecosystem and enhance token economy stability. Your keen interest and active participation will be much appreciated.
&nbsp;
We are the blockchain for all.
Finschia Foundation

FNSA trading event on Huobi Global

Hello, this is the Finschia Foundation.
&nbsp;
The Finschia Foundation plans to provide FINSCHIA (FNSA) incentives to LINE-affiliated employees who contribute to the Finschia ecosystem in collaboration with LINE in the future. All incentive resources come from quantities of FNSA that LINE has secured on its own, including from its service revenues, and the Finschia Foundation will not be issuing additional FNSA for the payment of FNSA incentives to LINE-affiliated employees.
&nbsp;
[Information]
▸ Payment Period: Distributed over 3 years, starting from the 3rd quarter 2023
▸ Source of Funds: Resources that LINE has secured on its own and donated to the Finschia Foundation for employee incentive purposes from 2023 onwards.
▸ The Finschia Foundation has no plans to make additional issuance, and there will be no changes in the circulating supply.
&nbsp;
[Remarks]
▸ All incentive resources paid to LINE employees who contribute to the Finschia ecosystem have been directly procured by LINE from the market, including its service revenues. The Finschia Foundation receives these resources as a donation from LINE for incentive purposes and distributes them as incentives.
▸ Eligible LINE employees can choose to receive either ZHD stocks or FNSA. Those who do not choose FNSA or become ineligible &ndash; due to resigning from the company or other reasons &ndash; will not receive the payment.
▸ Upon acquiring the Finschia business from LINE TECH PLUS PTE. LTD., the Finschia Foundation also inherited the obligation to pay FNSA incentives and was simultaneously gifted the associated funds.
&nbsp;
The Finschia Foundation is committed to focusing on the popularization of Web3 and will continue to strive to create a sustainable token economy and blockchain ecosystem.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Announcing FNSA incentive payments for LINE-affiliated employees

Hello, this is the Finschia Foundation.
&nbsp;
Please note that the Privacy Policy of Finschia Foundation will be updated as of August 22, 2023, to reflect added/changed terms. The list of Personal Data Collected by Company and the Version (amendment date) will be revised.
&nbsp;
■ (Before) Not included
■ (After)&nbsp;Personal Data Collected by Company: (iii) Discord ID to verify holder and manage role in Discord.
&nbsp;
■ (Before) This Privacy Policy was established on 12 April 2023.
■ (After)&nbsp;This Privacy Policy was updated on 22 August 2023.
&nbsp;
This update is to add an FNSA holder verification feature within the Finschia community. If you need assistance or have questions, please contact our team&nbsp;<a class="external-link" href="https://www.finschia.network/support/" rel="nofollow">here</a>.
&nbsp;
We are the blockchain for all.
Finschia Foundation

Finschia Foundation privacy policy update

Check out the latest Finschia announcement

Finschia l Disclosure

Disclosure

The Finschia site now displays limited information, and Finschia-related pages are no longer available due to the introduction of the new KAIA token and Kaia mainnet. For FNSA to KAIA swapping, please use the <a href="https://portal.kaia.io/">Kaia Portal</a> and visit <a href="http://kaia.io/">Kaia</a> for detailed announcements.