Kusama KSM Price
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Kusama Price chart
Statistics
Kusama Price $15.22 | All-time high $621.71 | Days since ATH 1267 |
Price change -$0.347 (-2.2334%) | Date of ATH May 18, 2021 | % of ATH -97.56% |
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Kusama Review
Kusama(KSM) - Coin Trading Data
Kusama Price | $15.22 |
Ticker | KSM |
Market Capitalization | $238.24M |
Fully Diluted Valuation (FDV) | $238.24M |
Value 24h low | $14.78 |
Value 24h high | $15.67 |
Trade Volume for 24h | $13.96M |
Current Circulating Supply | 15.68M |
Maximum Supply | 15.68M |
Algorithm | |
ICO Price and ICO ROI | — |
Price Change 24h % | -2.2334% |
KSM quote | $15.22 |
Fully Diluted Valuation (FDV) | $238.24M |
Kusama(KSM) ATH - All Time High Price
Kusama ATH Price | $621.71 |
KSM quote | 1267 |
ATH Date | May 18, 2021 |
All Time High % | -97.56% |
Kusama Profile
Kusama is an experimental and under development Polkadot network. Kusama is constructed based on Substrate and has almost the same code base as Polkadot. It is an experimental development environment for those projects teams who want to quickly progress and innovate in Kusama or prepare for deployment in Polkadot.
Third-party programmers use the special Substrate framework to form their own projects. Developers can customize not only smart contracts, but also have full control over their blockchain and freely optimize it for specific requests. This sets Kusama apart from many other networks that provide their own system for building applications.
It can be said that Kusama functions somewhat like a sandbox for developers who want to test early versions of new Polkadot projects, but with real cryptocurrency that is traded on the open market.
It is cheaper to host a parachain on Kusama compared to Polkadot. Small and low-budget developers are running benchmarks for parachains on Kusama, before they go live on Polkadot. Parachain is a simpler form of blockchain whose security is ensured by a "relay chain." Parachain requires a slot to connect, which can be purchased at auctions.
The network has two main advantages:
- Kusama's blockchain platform allows users and developers to test apps and projects before launching them on Polkadot;
- Owning and staking KSM tokens gives users the ability to vote for updates to the network with a much lower threshold of entry than Polkadot.
In addition, the developers claim that Kusama is designed to solve two major problems that blockchain ecosystem developers are facing:
- Low scalability. Kusama's open control system and secure network provide an open, scalable infrastructure on which you can launch and develop businesses, markets and decentralized applications.
- Interactivity. Kusama combines multiple blockchains. Other development teams can create their own projects and connect to the shared network using Substrate.
Kusama exists through community support and will remain in operation as long as testing of the high-risk projects being prepared for Polkadot implementation is needed.
Kusamа vs Polkadot
Polkadot Comparison
Kusama is positioned as a "canary network" for the Polkadot blockchain. This means that the network provides a pre-test of the code that is available before it is launched on Polkadot.
- The first key difference between the two networks is the management system's processing speed. In Kusama, it takes seven days to vote, and eight days to make changes after the vote. In contrast, each vote in Polkadot usually takes a month.
- Second, it is much easier to become a validator on Kusama because the minimum staking requirements are lower than on Polkadot. The reason for this is that Kusama is a experimentation blockchain, and it can sacrifice stability and security for the sake of increased network speed. Although Kusama is designed as a platform to develop projects before launching on Polkadot, it may happen that many projects will want to continue developing on it.
Kusama Features
A core role in the Kusama platform structure belongs to the KSM coin. It is in charge of maintaining and enabling full operation of that crypto-platform. By owning these tokens, KUSAMA platform users will be able to access project management by taking part in votes related to crypto-network upgrades, and introduction of new functionality. Each user's vote will be proportional to the KSM tokens they own.
Kusama's decentralized platform provides these users with rewards in the form of new KSM tokens. The number of accrued tokens will directly depend on the number of tokens supplied by users for voting. In addition, rewards in the form of cryptocurrency are provided to users who belong to the category of validators and nominators.
KSM Token
The KSM token is used for staking, which enables the Nominated Proof-of-Stake (NPoS) consensus mechanism. The algorithm involves nominators, i.e., KSM stackers, who select validators to serve the network.
If the node voted for by the nominator receives transaction validation authority, the stacker receives a share of the reward. KSM owners can also pay transaction fees with the token, participate in parachain auctions, and basically get access to all of Kusama's features.
There are 8.9 million tokens in circulation, while the maximum supply is limited to 10 million coins. The distribution of issued tokens depends on how many KSMs are blocked on the staking. If 50% of coins are in circulation, then validators receive all new KSMs. If this value is significantly higher or lower, then a portion of the release goes to the Kusama treasury.
KSM Wallets
KSM coins have their own browser wallet called Polkadot.js Extention. It is can be created right on the site polkadot.js.org by standard method. You need to register your account, give him a name, password and remember the proposed Sid-phrase of 12 words.
To refill your wallet, you need to find an exchange that trades KSM coins. After purchase, they can be easily transferred by entering the address of the created wallet. Received tokens can be freely used within the Kusama and Polkadot ecosystems.
Kusama Advantages and Disadvantages
Advantages | Disadvantages |
---|---|
Resistance to hacking | High competition |
Availability of Polkadot network advantages | Reputation of a training ground |
Resolving scalability issues and the ability to hold many projects | Risk of community loss of interest |
Flexibility to develop new networks | |
High transaction speed | |
Usage of the platform to test different options. | |
Ability to participate in management |
Summary
Kusama (KSM) is a reliable project built on the same platform as Polkadot. It is used as a test project, but represents a full-fledged and reliable network. It has prospects for growth and can be used with the intention of generating profits in the future. Thanks to the parachain architecture, users can create their own networks and offers. KSM cryptocurrency has huge benefits in the Kusama network and is also good for an investments.
How much is a one Kusama worth now?
1 Kusama worth $15.22 now.
What is the price of KSM?
The price of KSM is $15.22.
What is the Kusama max supply?
The max supply of Kusama is 15.68M.
What is the Kusama stock symbol or ticker?
The stock symbol or ticker of Kusama is KSM.
How many KSM coins are there in circulation?
There are 15.68M coins in circulation of KSM.
What is the exchange rate of Kusama(KSM)?
The exchange rate of Kusama is $15.22.
What was Kusama's trading volume in 24 hours?
Kusama's 24-hour trading volume is $13.96M.
What was the highest price paid for Kusama?
Kusama reached a record high of $621.71 on May 18, 2021
Kusama Exchange Rates on Trading Markets
# | Exchange | Pair | Price | 24h volume | Volume % | Updated | |
---|---|---|---|---|---|---|---|
1 | HTX | KSM/USDT | $15.24 | $1.37M | 10.79% | 11 minutes ago | |
2 | BTSE | KSM/USDT | $15.23 | $1.31M | 10.3% | 6 minutes ago | |
3 | Binance | KSM/USDT | $15.24 | $1.16M | 9.19% | 7 minutes ago | |
4 | LBank | KSM/USDT | $15.24 | $988.58K | 7.8% | a minute ago | |
5 | WhiteBIT | KSM/USDT | $15.26 | $776.59K | 6.13% | 4 minutes ago | |
6 | Bibox | KSM/USDT | $15.17 | $717.1K | 5.66% | 6 minutes ago | |
7 | Bitrue | KSM/USDT | $15.24 | $666.6K | 5.26% | 9 minutes ago | |
8 | Bitrue | KSM/ADA | $15.26 | $663.72K | 5.24% | 10 minutes ago | |
9 | Trubit | KSM/USDT | $15.22 | $617.71K | 4.87% | 18 minutes ago | |
10 | Nami.Exchange | KSM/VNST | $15.12 | $475.11K | 3.75% | 11 minutes ago | |
11 | XT.COM | KSM/USDT | $15.27 | $467.06K | 3.69% | 4 minutes ago | |
12 | Bibox | KSM/BTC | $15.21 | $464.29K | 3.66% | 3 minutes ago | |
13 | Nami.Exchange | KSM/USDT | $15.22 | $444.9K | 3.51% | 26 minutes ago | |
14 | Coinbase Exchange | KSM/USD | $15.24 | $373.89K | 2.95% | 8 minutes ago | |
15 | Bibox | KSM/ETH | $15.17 | $318.6K | 2.51% | 3 minutes ago | |
16 | Bitget | KSM/USDT | $15.25 | $313.32K | 2.47% | a minute ago | |
17 | BitDelta | KSM/USDT | $15.25 | $267.57K | 2.11% | 4 minutes ago | |
18 | Hotcoin | KSM/USDT | $15.24 | $237.68K | 1.88% | 8 minutes ago | |
19 | OKX | KSM/USDT | $15.28 | $236.53K | 1.87% | 2 minutes ago | |
20 | FameEX | KSM/USDT | $15.22 | $207.27K | 1.64% | 23 minutes ago |