The live price of Kusama is - per (KSM / USD) with a current market cap of $310.89M USD. 24-hour trading volume is - USD. KSM to USD price is updated in real-time. Kusama is -% in the last 24 hours with a circulating supply of 16.51M.
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
Kusama (KSM) is a blockchain network designed to drive innovation in the decentralized space. It aims to provide a platform for developers and blockchain experts to create their own blockchain networks and conduct decentralized innovation.
Self-described as a "canary network," Kusama serves as a living platform for creators and developers to build blockchains using Substrate, a blockchain framework compatible with Polkadot. Blockchains built on Kusama are known as parachains, which can be deployed to the Polkadot network after testing on Kusama.
The total supply of KSM is 10 million tokens, with an annual inflation rate of 10%. The distribution of newly minted tokens depends on the proportion of KSM held by participants in the network.
The ideal staking ratio is set at 50%. If this ratio is maintained, new tokens are distributed to KSM nodes accordingly. If the ratio exceeds 50%, the excess goes into a treasury. Conversely, if it falls below 50%, nodes receive fewer tokens, which can impact the price of KSM.
More efficient governance and the rapid expansion of the Polkadot ecosystem have driven demand for KSM tokens. Price fluctuations in Polkadot also influence the price of KSM.
KSM was initially distributed via an airdrop, with a 1:1 ratio to accounts that participated in DOT (Polkadot's token) transactions. It also offered a presale option for those who did not hold any DOT tokens at the time.
Kusama has strong technical leaders in the cryptocurrency ecosystem and shares the same founders as Polkadot — Gavin Wood, Peter Czaban, and Robert Habermeier.
Wood is the co-founder and former CTO of Ethereum. He invented several fundamental components of blockchain development, including Solidity, Whisper, and the Proof-of-Authority consensus. He currently serves as the president and founder of the Web3 Foundation.
Czaban, an Oxford University alumnus, is the CTO of the Web3 Foundation, while Habermeier, a Thiel Fellow, is a long-time member of the Rust community.
KSM also boasts a team of over 100 blockchain engineers and strategic advisors who work with the KSM community to shape the future of the project.
Funding for Kusama comes from the Web3 Foundation and private investors such as Master Ventures, which has also supported the broader Polkadot ecosystem.
Kusama is the sister network of Polkadot, built using Substrate to create a specialized blockchain. It serves as a testing ground for developers to deploy new projects with faster governance cycles.
Projects can choose to use either Kusama or Polkadot as their primary environment. Many opt to run parachains on both, using Kusama as a pre-production environment.
KSM is the native token of the Kusama blockchain. KSM holders, along with an elected council, participate in a democratic process to make governance decisions.
KSM is primarily used for governance within the Kusama network. Holders can stake tokens to validate the network, nominate validators, and vote on network changes and upgrades. Additionally, KSM is used for transactions and global digital payments.
Kusama was founded in 2019 by Gavin Wood, the founder of Polkadot and co-founder of Ethereum. Wood envisioned Kusama as a blockchain incubator, where blockchains built on Kusama could later be launched on the Polkadot network.
Kusama uses a Nominated Proof-of-Stake (NPoS) consensus mechanism. Validators are nominated by other participants in the network and are responsible for confirming transactions and participating in other consensus operations.
KSM does not have a maximum supply. At the time of writing, its active circulating supply is approximately 8.47 million tokens.
Developers can rent space at a lower cost to build projects on the Kusama blockchain using three different allocation methods. First, users can reserve slots through permissionless auctions by locking up their KSM tokens (the native token of Kusama) for a specified period.
Smaller projects that cannot occupy a full parachain slot can opt for smaller versions with the same API, executing on a pay-as-you-go basis with auctions for each block on the chain.
Kusama’s uniqueness lies in its role as an experimental platform, enabling developers to bring their blockchain ideas to life in an environment fully dedicated to rapid innovation. Testing scalability on Kusama before deploying to the Polkadot mainnet can be a highly valuable step.
The Kusama to other currencies exchange rate?
