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Kusama

Kusama KSM Price $ 30.08

Rank: 226

2121 Watchlists

Chain

KSM Price

30.08
4.62%
(-$ 1.46)
Price Range
LowHigh
$ 29.04$ 32.79

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Coin

Funds and Backers

Wallets

No wallets found yet

Description

Kusama is a scalable multi-chain network for radical innovation and early stage Polkadot deployments

Kusama (KSM) Chart

The Kusama to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

KSM to USD Converter

Kusama (KSM)KSM

KSM Price Statistics

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Market Cap

$ 271.28M

FDV

$ 302.09M

ATH Market Cap

$ 5.58B

24 Trade Vol.

$ 16.44M


Vol. (24h) / MCap

0.0606

Max Supply

KSM 10,000,000

Total Supply

KSM 10,000,000

Circulating Supply

KSM 8.98M

(89.8% of Max Supply)

Listing Date

9 Dec 2019

All Time High

$ 621.73

18 May 2021


All Time Low

$ 0.879

14 Jan 2020


From ATH

95.1%

From ATL

3,338%

What is Kusama (KSM)?

Kusama was founded in 2019 and is a Proof-of-State (PoS) network based on Polkadot’s codebase. It was created essentially as a space for any developer to experiment and test their blockchains or applications before releasing them to Polkadot. As such developers can thoroughly test and vet early versions of Polkadot projects in a live, realistic environment.

The network’s native cryptocurrency, KSM, is not an ERC20 token as Kusama uses its own blockchain technology to manage the network. KSM serves as a utility token for the network, is used for governance, and can be staked for the operation of the network.

What are KSM key features and how does it work?

Since Kusama is a sister chain to Polkadot both networks share many fundamental design features. For example, like Polkadot, Kusama uses two types of blockchains to process transactions and handle network activity. The main blockchain is called the Relay Chain. This is where validators take part in staking and transactions are finalized. The Relay Chain has minimal functionality and is responsible for coordinating the system as a whole. It uses a Proof-of-Stake consensus mechanism. Anyone who stakes KSM can become a node or validator on the network. There are also Parachains, which are essentially created by developer teams themselves. Each Parachain can each have unique architectures and features depending on its individual use case and the project behind the parachain.

Due to the nature of Kusama as a testing ground for Polkadot. The platform offers more flexibility for developers in terms of looser rules, and less strict governance parameters. For example, in Kusama, it takes seven days to vote on a referendum and eight days to implement changes after the votes, this is much quicker than the month it takes for each process on Polkadot. Also, the minimum staking requirement to become a validator is much less than on Polkadot.

The governance itself is made of three types of Kusama users. The first is the Referendum Chamber, any holder of KSM can propose, refuse or accept a change to the network. The second is the Council. The Council is made up of elected KSM holders and is in charge of proposing and determining which changes by KSM holders are implemented on the network. The third group forming part of the governance is the Technical Committee. This committee is composed of teams actively building on the network and can make special proposals. As such, Kusama allows Polkadot projects to build a user base and gain traction in the community before the official launch.

What can Kusama be used for?

As mentioned, Kusama serves predominantly as a testnet for projects prior to launching on Polkadot.

Where can you buy KSM?

Kusama (KSM) can be bought via the DEXs and CEXs as listed here.

Kusama Price Today

Kusama's current price is $ 30.08, it has dropped -4.62% over the past 24 hours.

Kusama's All Time High (ATH) of $ 621.73 was reached on 18 May 2021, and is currently -95.2% down.

The current circulating supply of Kusama is 8.98 Million tokens, and the maximum supply of Kusama is 10.00 Million.

Kusama’s 24 hour trading volume is $ 16.36 Million.

Kusama's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 270.13 Million.

You can find more details about Kusama on its official website and on the block explorer.

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