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In the words of the development team, "Kusama is an early, unaudited and unrefined release of Polkadot." It's basically a live version of a test network for Polkadot, where parachains, dapps and staking can be done for a fraction of what it would cost to do on Polkadot. Features intended for Polkadot are first rolled out on Kusama, which has made it appealing to some as an experimental economy that may continue to hold value over time. The KSM token is used for staking on the network, which allows stakers to launch Validator or Nominator nodes – these are used to secure the parachains and the Kusama relay chain respectively. In return for staking, users are rewarded with additional KSM tokens. Tokens may also be used for governance and voting on upgrades to the protocol.
Kusama (KSM) is the 122nd largest cryptocurrency in the world by market cap, valued at $327,026,223. The current price of Kusama is $36.3, which is 0.271% higher than yesterday. Prices have ranged between $37.67 and $35.89 over the past 24 hours. All prices are listed in US dollars and accurate as of January 28, 2023 09:01 UTC.
| Coin symbol | KSM |
|---|---|
| Coin Marketcap | US$327,026,223 |
| Total KSM supply | 10,000,000 |
| Circulating KSM | 8,980,098 |
| Current price | US$36.3 |
| All time high | US$621.71 |
| All time high date | May 18, 2021 |
| Notable team members | Gavin Wood |
| Partnerships | Polkadot |
| Industry | Blockchain platform |
| Token uses | Governance |
| Network | Kusama |
Historical prices compared with the price of US$36.3.
| 1 hour | -0.81% |
|---|---|
| 24 hours | 0.27% |
| 7 days | 0.16% |
| 14 days | 24.98% |
| 30 days | 46.83% |
|---|---|
| 60 days | 41.62% |
| 200 days | -22.15% |
| 1 year | -77.97% |
Disclaimer: Cryptocurrencies, including Kusama, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of KSM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Kusama or any other cryptocurrency discussed.
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