According to the latest news, the mainstream South Korean newspaper Hanguk Kyungjae has published that it will start giving out crypto tokens to subscribers of its print and online editions.
Remarkably, the newspaper is one of the nation’s major financial dailies, (it’s English name is Korea Economic Daily). The company has been working with Ground X, the blockchain arm of internet titan Kakao. Together they are making an arrangement that will reward subscribers to its paid services with klay token.
According to the newspaper, subscribers will be capable of claiming 10% of their monthly subscription fees back in the form of klay tokens. Moreover, the newspaper and its operator, the Hankyung Media Group, has joined the governance council of Klaytn.
Additionally, fellow members include exchange giants like Huobi and Binance and domestic business giants. It also includes LG Electronics, an arm of the business conglomerate Hanhwa and AmorePacific, the cosmetics powerhouse.
Furthermore, the media outlet added that it would also reward subscribers who opened a KakaoTalk-linked Klip crypto wallet with further token rewards. Moreover, there would be more klay giveaways for people who downloaded and ran their desktop and mobile stock trading apps.
Another key fact is that anyone downloading the Hanguk Kyungjae mobile app will get a payout of klay 1. According to the media outlet, it was the first in the country to start offering blockchain-powered rewards to its subscribers.
On an additional note, Klay is listed by domestic exchanges and international platforms such as Bittrex Global and OKEx.
On CoinMarketCap, KLAY, which is 17th by market capitalization, trades at around $3.3. During a week, it declined 11%. It reduced its monthly gains to 133%. However, it’s worth mentioning that the price rose by 2,664% in a year.
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