Binance makes AirDrop of KLAY for BNB holders, currency that has already risen 700% in the past.

The cryptocurrency was offered through the Binance launchpool to users who staked BNB and BUSD on the 24th of last month. Since then the currency has ranged between $0.90 cents to $1.

Klaytn has its own blockchain and uses the POS validation system, although it looks superior to Ethereum in many respects, it sacrifices decentralization as it only has 50 validators at the moment.

Source:
Cointelegraph