The Kusama (KSM) token is the native cryptocurrency of the Kusama network, a unique and experimental blockchain built by the same team behind Polkadot. Kusama is often referred to as a "canary network" for Polkadot due to its purpose of testing and fine-tuning new features and upgrades before they are deployed on Polkadot. It aims to provide a platform for developers and projects to experiment with new ideas in a real-world environment.
KSM tokens have multiple functions within the Kusama ecosystem. They are used for governance, enabling token holders to participate in decisions about network upgrades and changes. KSM is also staked to secure the network and validate transactions, with stakers receiving rewards for their contribution.
The Total Supply of KSM tokens is 10,000,000 pieces, the current circulation is about 8,980,098 pieces, and the market circulation accounts for 89.8% of the total. The current price of a KSM is $19.28, a decrease of 61.48% compared to half a year ago. The current total market value of KSM is $173,196,157, and the FDV is about $192,866,666.
The Kusama project is developed by the Web3 Foundation, with input from the wider blockchain and cryptocurrency community. The co-founders of Web3 Foundation, including Dr. Gavin Wood, play a significant role in shaping both Kusama and Polkadot. Kusama's unique approach to blockchain experimentation and its distinct token utility make it an important platform for innovation within the blockchain space.
The Kusama (KSM) token is the native cryptocurrency of the Kusama network, a unique and experimental blockchain built by the same team behind Polkadot. Kusama is often referred to as a "canary network" for Polkadot due to its purpose of testing and fine-tuning new features and upgrades before they are deployed on Polkadot. It aims to provide a platform for developers and projects to experiment with new ideas in a real-world environment.
KSM tokens have multiple functions within the Kusama ecosystem. They are used for governance, enabling token holders to participate in decisions about network upgrades and changes. KSM is also staked to secure the network and validate transactions, with stakers receiving rewards for their contribution.
The Total Supply of KSM tokens is 10,000,000 pieces, the current circulation is about 8,980,098 pieces, and the market circulation accounts for 89.8% of the total. The current price of a KSM is $19.28, a decrease of 61.48% compared to half a year ago. The current total market value of KSM is $173,196,157, and the FDV is about $192,866,666.
The Kusama project is developed by the Web3 Foundation, with input from the wider blockchain and cryptocurrency community. The co-founders of Web3 Foundation, including Dr. Gavin Wood, play a significant role in shaping both Kusama and Polkadot. Kusama's unique approach to blockchain experimentation and its distinct token utility make it an important platform for innovation within the blockchain space.