Klaytn Improvement Reserve: Progress Report (2)
To proceed with the project, Klaytn requests Ground 1 Corp., that has been leading the development of Klaytn, to operate the project and asks the development of the application page, KLAY administration page and its account management for operating the project. Additionally, Ground 1 Corp. must provide clear rationale and evidence to receive KLAY through Klaytn’s KIR (Klaytn Improvement Reserve).
Ground 1 Corp. is running on behalf of Klaytn for the 1st anniversary Fee Delegation account event. The first target of support was Klaytn Initial Service Partner, KLAY BApp Partner, and Eco Partner.
Through this function, it is intended to provide an environment in which various developers and developers, such as general developers and startups, can enter the Klaytn ecosystem.
Ground 1 Corp. intends to hold the event by continuously creating and managing Fee Delegation accounts.
Proposed : 1,825,000 KLAY
Accepted : 1,825,000 KLAY
Current Received : 150,000 KLAY
- 07.08.2020 : 50,000 KLAY
- 12.20.2020: 100,000 KLAY
- 03.02.2021 : 117,911 KLAY
- Current Balance: 32,089 KLAY
Project Milestones and Schedule
Launched, Klaytn Fee Delegation
Period : 2020.06 ~ 2021.07
The first period:
- Target: Klaytn Partners (Initial Service Partner, Klaytn Blockchain Application Partners, Eco Partners)
- Date: 07.08.2020 ~ 10.05.2020
The second period:
- Target: Klaytn Governance Council, Klaytn Partners, general startups, enterprises, developers, etc
- Date: 10.06.2020 ~ 03.07.2021
The third period:
- Target: Klaytn Partners, general startups, enterprises, developers, etc
- Date: 03.08.2020 ~ 05.31.2021
Klaytn Ecosystem Expansion
Expansion of Klaytn-based blockchain ecosystem.
Securing opportunities for the developer community to be active.
Provide KLAY to not have limitations on expenditure used for development.
Experience and develop blockchain service utilizing Klaytn through Klaytn Node API, Wallet API, Token History API on KAS.
Raise the quantity of blockchain services onboarding Klaytn
Through this campaign, various opportunities for launching new services on Klaytn will be provided.
Creating utility value of KLAY through various services launched
Expanding blockchain services with KLAY Fee Delegation account and KAS free account
Creating an environment for blockchain startups
- Provides blockchain startups with an environment for service development through free gas fee.
Expanding opportunities to improve blockchain technology
Providing a base environment for testing blockchain technology by using KLAY for free.
Opportunity to migrate good services launched on other platforms.
Expected that a technology company that can develop various tools required for blockchain services will grow in Klaytn ecosystem.
Expand the opportunity to implement blockchain service through simple API when general enterprises as well as blockchain startups want to convert to blockchain service.
<Klaytn Partners applied for the event, Blockchain for All : We pay for your transaction fee.>
|Application Date||Company Name|
|7. 9.2020||Biscuitlabs. Co. Ltd|
|7. 9.2020||SIX Network Ltd. Pty.|
|7. 9.2020||Nod Games|
|7. 10.2020||Emel Ventures|
|7. 10.2020||Piction Network|
|7. 13.2020||Boltt Coin|
|7. 15.2020||Wemade Tree|
|7. 23.2020||Ground 1 Corp.|
|7. 23.2020||Blockchain DATA Foundation|
|7. 23.2020||Antube Team|
|9. 23.2020||Hachi Labs|
Applied Company Name, Fee Delegation Account and KLAY Balance
Different amounts of KLAY provided to service companies.
Normally 500 KLAY maintained on each Fee Delegation account balance.
Increase Fee Delegation Account limit for the case of a company quickly exhausting KLAY
- Hachi Labs (4,000 KLAY)
- Emel Ventures (5,000 KLAY)
|Company Name||Fee Delegation Account||Payed Account||Actually Used Amount(KLAY)|
|Biscuitlabs. Co. Ltd||0x10dd814bbff4f2C312B6788bd66Ab2768F6A3A54||500||0|
|SIX Network Ltd. Pty.||0x3695a6A9ed1f9488e008c20cF3f3e2c3507aea34||1,443||997.751126875|
|Ground 1 Corp.||0x64297AE00b82e819c3AcD658cCF6EA3ee18Bc038||500||0.9030845|
|Blockchain DATA Foundation||0x2D42B7967B97069bB5F2f950C7B244F13B68F4f1||500||9.111206225|
List all activities where operating expenses incurred.
To support the transaction fee, KLAY, required for blockchain application-operation to companies applying for the policy
When a new company applies for the Fee Delegation policy, Ground 1 Corp. supports the payment, KLAY, by creating an Fee Delegation account.
2. Current Situation:
- After completing payment for 150,000 KLAY, total 117,911 KLAY exhausted for 1-year anniversary Fee Delegation account event for partnered companies.
(as of March 2, 2021)
- Differs by partnered companies, it is available on the table for specific details about KLAY usage of partnered companies.
- Additional 200,000 KLAY expenditure needed
- It is expected that lots of users will enter Klaytn Ecosystem through Klaytn API Service and developers will develop service based on Klaytn through Fee Delegation account.
|Developer||Plans to make developers experience Klaytn and develop blockchain applications through brief application on KAS 1-year anniversary Fee Delegation account event.|
|Blockchain Startups||Plans to provide blockchain service developing companies of KLAY Fee Delegation account to offer an environment where they can onboard from other platforms (e.g. Ethereum) to Klaytn.|
|Enterprises||Plans to provide KLAY needed for developing service when existing enterprises try to develop service using blockchain technologies.|
|Existing Klaytn Partner||Plans to support KLAY by making a Fee Delegation account when KLAY is needed for development from one of ISP, KBP, GC.|
5. Expected Results:
Contribute to Klaytn community and ecosystem by KLAY Fee Delegation policy for developers, blockchain startups, enterprises as well as ISP.
By reducing the transaction fee KLAY, it is possible to reduce the burden of operating costs for service companies and developers.
As the service does not have to directly pay and get KLAY, service companies and developers are able to free up time to focus more on the development.
Estimate that various services and digital asset-related services will increase through KLAY Fee Delegation account policy.