Transition FAQ
Please note that most of the information provided in this FAQ reflects a transitional period that occurred in 2024, and most of the events and processes mentioned have already taken place. While the FAQ remains available for historical reference, some sections are now out of date and may no longer apply. For the most current information regarding Kaia, please consult the latest official documentation and announcements.
This FAQ addresses common questions and concerns for CEXs, node providers, wallet providers, dApp builders, and retail users familiar with the Klaytn ecosystem, to ensure a smooth transition.
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KLAY and FNSA holders
- What happened to Klaytn and Finschia?
- What happens to KLAY and FNSA?
- Will I need to create a new wallet for Kaia?
- Will Klaytn provide a swap or migration website for new KAIA tokens?
- Will there be any delay in receiving KAIA tokens?
- Is there a limit on the amount for swapping KLAY and FNSA tokens?
- I'm currently staking FNSA. Will I need to wait 7 days to unstake my FNSA to swap to KAIA?
- Where can I find the historical price information for KLAY and FNSA? I can't seem to find it on CoinMarketCap or CoinGecko anymore.
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DApp builders
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Wallet providers
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Centralized exchanges
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RPC node providers
KLAY and FNSA holders
What happened to Klaytn and Finschia?
Klaytn and Finschia merged to form Kaia through governance decisions made by both chains. You can view the voting results here. The utility tokens of the two chains (KLAY and FNSA) are converted to the KAIA token. You can find the exchange rates for both tokens here.
What happens to KLAY and FNSA?
With the launch of the KAIA coin, KLAY balances were automatically reflected as KAIA. FNSA holders are able to use the swap service on the Kaia Portal to burn their FNSA tokens on the Finschia network and claim an equivalent value of KLAY tokens. Please read this post to learn more about swapping your FNSA to KAIA.
Will I need to create a new wallet for Kaia?
Your Klaytn wallet will be usable on Kaia, but you will need to update the RPC and block explorer URLS if you are using a 3rd-party multi chain wallet such as Metamask. These will be provided at a later date. Finschia wallet holders will need to create a Kaia wallet, and a website will be provided for FNSA holders to burn their tokens and claim an equivalent value of KAIA.
Will Klaytn provide a swap or migration website for new KAIA tokens?
No action is required from users. KLAY tokens will be automatically renamed to KAIA tokens.
Will there be any delay in receiving KAIA tokens?
The token swap will be delayed by at least 30 minutes Timelock for safety. Relayers and RPC nodes may incur insignificant additional delays