We want to provide information about the distribution of KCF/KFF funds in the third quarter of 2023.
During the third quarter of 2023, Klaytn Foundation distributed a total of 8,913,204 KLAY across 32 items. The detailed breakdown of the distribution by the fund is outlined below, and you can find a comprehensive list in the updated cumulative disclosure sheet.
Klaytn Community Fund: 2,574,477 KLAY on 8 projects
Klaytn Foundation Fund: 6,338,727 KLAY on 24 projects
Klaytn Community Fund has been in operation since July, and individual payment items are now undergoing approvals through the Governance Council voting process. You can track all vote results and KLAY transfers on Klaytn Square. To enhance transparency, Klaytn Foundation will update the disclosure level by providing KLAY circulation data and the monthly balance of the Foundation wallets.
The overall disbursement of 8.9 million KLAY in the third quarter of 2023 represents a 82.7% reduction compared to the 51.6 million KLAY disbursed through KGF/KIR in the same period last year. Klaytn Network’s governance system is diligently working to avoid unnecessary expenditures while fairly dealing with essential ones. We appreciate your ongoing involvement in Klaytn’s governance system.