The Cypress network will execute the treasury rebalancing on 17 April (Mon), ~12am (GMT+8) 🕛
Here's what to expect:
🔥 A burn of ~5.29B $KLAY
↔️ Rebalancing into 3 new funds: Klaytn Community Fund (KCF), Klaytn Foundation Fund (KFF) and Klaytn Value Creation Reserve (KVC)
📢For $KLAY holders on @binance, do note that deposits and withdrawals of $KLAY will be suspended momentarily at approximately 11pm (GMT+8) on 16 April in anticipation of the treasury rebalancing 🔀
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