Transfer of 2Q23 KCF/KFF Budget Announcement

We are posting the thread to inform you that today we will be initiating the transfer of the remaining 11,465,693 KLAY from the approved budget via KGP-10. This transfer excludes the 29 million KLAY that was already deposited for node onboarding. The funds will be moved from the KCF/KFF wallets to the designated working wallets, which will be utilized for actual disbursements. Consequently, this transfer will result in an immediate increase in the circulating supply of KLAY by the aforementioned amount. However, it is important to note that the disbursements will be made discreetly and at different times, depending on individual agendas.

In order to enhance transparency, we are currently in the process of implementing a new feature on Klaytn Square. This feature will enable you to conveniently track the actual KLAY payments made in accordance with the GC-approved budget. We anticipate that this feature will be available for your reference in the near future.

On the other hand, the voting for the KCF July payout will commence later this week. Additionally, next week we will initiate the approval process for the Q3 budget plan. We encourage you to stay updated for further details and do not hesitate to reach out to us with any inquiries you may have.

Thank you for your attention and ongoing support.

2Q23 budget transfer
KCF : 4,237,581 KLAY
(designated working wallet address: 0x53bbD1B961C9B42daD018bA60bC4BEEc3cBbc55a)

KFF: 7,228,112 KLAY
(designated working wallet address: 0x646aEE02bFa62Abb73e15DA9677E916e911d0b37)

Total: 11,465,693 KLAY