Are you still reducing your block rewards? @Klaytn_EN

Yes, we are still reducing our block rewards. This is being done to maintain the sustainable growth of the ecosystem and to ensure the supply and demand are balanced. The block reward has been reduced from 9.6 $KLAY to 6.4 $KLAY per block. We may also consider a buyback before the end of the year in order to further reduce the supply and maintain the balance. The Governance Council will continue to evaluate the situation and make decisions accordingly to ensure the long-term success of the ecosystem.

We have no information regarding that one yet. But we will surely let everyone know regarding the Governance Council initiatives and moves 😊

I believe so too, Block reward reduction i believe is the only way to sustain the supply & demand.

Will there be buyback before the year ends?

I guess so. That's one way to maintain the sustainable growth of the ecosystem

From 9.6 $KLAY block rewards, it is now changed to 6.4 $KLAY newly minted per block ⬇️