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What is KONET (KONET)?

KONET is a Proof-of-Stake (PoS) Layer 1 blockchain. A recent mainnet upgrade transitioned it to PoS for improved efficiency and security. This upgrade includes features like EIP-1559 for fee burning and PoSDAO for decentralized governance, encouraging stable staking participation. KONET supports approximately 80 DApps and governance initiatives, expanding its ecosystem through NFT Staking & Earn. The KIP-1559-based base fee mechanism enhances network stability against attacks.

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