Kusama KSM
Report IssueKusama is an early, unaudited and unrefined release of Polkadot. Kusama will serve as a test bed, allowing teams and developers to build and deploy a parachain or try out Polkadot's governance, staking, nomination, and verification features in a live environment. Kusama describes itself as a canary network: an early experimental version of Polkadot that represents real-world economic conditions. It is not economically centralized and there will be no central kill switch. Kusama will exist as long as the community supports it, and the team is committed to serving new, early-stage, risky features and projects that are being prepared for development and deployment on Polkadot.
Details
$29.536
-3.76%
#157
Blockchain
ByBit 
Gate 
Score
Sentiment
Bearish 
Fundraising Statistics
KSMKusama
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Short Review Kusama
Crypto project Kusama (KSM) is classified as a Blockchain. Kusama is a Utility token that is hosted on the Kusama Network. The current total supply is 10.00 M KSM (Circulating Supply + Tokens yet to be released - Burned Tokens). (22.40% of total tokens) have been allocated for the public sale.
(KSM)
KSM Price Chart
The launch of KSM token trading took place on 12 December 2019.
Fundraising Rounds
Total sold 5.50 M KSM tokens (55.00% of total tokens). Total amount of funds raised by the Kusama project is $247.76 M.
| Investment Round | Date | Price | Funds Raised |
| Private sale 3 | July 24, 2020 | -- | $42.76 M |
| Private sale 2 | June 27, 2019 | -- | $60.00 M |
| Public Sale | October 15, 2017 | -- | $65.00 M |
| Private sale 1 | October 14, 2017 | -- | $80.00 M |
Kusama Investors
Fabric Ventures Tier 1
CoinFund Tier 2
Continue Capital Tier 2
Fenbushi Capital Tier 2
Fundamental Labs Tier 2
IOSG Ventures Tier 2
Nirvana Capital Tier 2Kusama cryptocurrency (KSM)
Kusama is a cryptocurrency of Swiss origin, as well as a cryptocurrency Polkadot. These two projects have approximately the same goals and team of creators. The Nominated Proof-of-Stake (NpoS) algorithm is used to confirm transactions. In practice, this means that users can deposit their coins to trusted nodes (validators) who have the right to confirm transactions. Thus, users receive a part of the validators’ income, and ownership of the Kusama cryptocurrency brings them an income of 7 to 20% per annum. This type of earnings on cryptocurrencies is called staking. The main advantage of the Kusama cryptocurrency is its good scalability and the ability to combine several blockchains within one platform. It is also convenient to create various decentralized applications based on Kusama (DeFi) . The application can use parallel blockchains (parachains), which reduces the load on the main blockchain and allows you to safely perform operations. There are already many Kusama-based software libraries that are used to create various applications: decentralized oracle, stablecoins, payment gateways, IoT firmware. Owners of KSM tokens have the right to vote in choosing the further development of the Kusama project.
History of the Kusama (KSM) project
The development of the Kusama cryptocurrency is ensured by a strong international team. It is headed by one of the main developers of the Ethereum and Polkadot cryptocurrencies, Dr. Kusama. Kusama's main goal is to become a testing ground for technological innovations, the most successful of which will be implemented in cryptocurrencies like Kusama Polkadot. The Polkadot network used DOT tokens, and each DOT token holder was charged 1 to 1 for KSM tokens. In the future, the Polkadot and Kusama networks will be more closely integrated. Both Polkadot and Kusama provide fast transactions with minimal fees.
Advantages of Kusama (KSM)
- The opportunity to receive passive income from staking.
- A large number of technological innovations .
- Strong project team.
- High popularity in the cryptocurrency community.
- High transaction speed, good scalability, low commissions.
Disadvantages of Kusama (KSM)
- High price volatility.
- Excessive complexity of the system for the average user.
- With the release of Polkadot, interest in using Kusama may decrease.< /li>
- There is no software wallet for storing Kusama (KSM) yet.
