Swapscanne is a member of the Klaytn Governance Council (GC) and operates a Klaytn mainnet node. With the Klaytn Foundation's independence, the GC's role has become crucial. Swapscanner promotes GC participation through its official KLAY Staking service, ensuring ecosystem engagement.

Introduction to GCKLAY:

• 📈 GCKLAY: Governance Council KLAY, the official KLAY staking service by Swapscanner. It provides a staking assurance token guaranteeing a 1:1 ratio or better when staking KLAY.

Features and Differentiators:

1. 🌐 Efficient Staking Pathways:

   • 🔄 Basic staking: KLAY is exchanged for GCKLAY tokens on a 1:1 basis.
   • 💹 Real-time cost-effective routes for swapping KLAY for GCKLAY, ensuring favorable exchange rates.

2. ⏳ Solving the 7-Day Unstaking Lockup:

   • 🔄 Immediate swap: Withdrawal through the GCKLAY pool with initial liquidity in the Pangea DEX GCKLAY-KLAY pool.
   • 🎟️ GCKLAY Unstaking NFT: An NFT issued upon unstaking GCKLAY, representing the right to exchange staked KLAY after the 7-day lockup.

3. 🗳️ Governance Participation:

   • 🌐 Enables KLAY holders to participate in Klaytn ecosystem governance by delegating GC voting rights, promoting decentralization.

4. 🏆 Trusted Service:

   • 🔒 Post-Klaytn hard fork update, the selection of a reliable provider is essential. Swapscanner, handling 50-70% of Klaytn transactions since January 2022, with ~4.8 trillion KRW in transactions, is recognized as the most trusted service in the ecosystem.

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