Market Cap
$315,195,781.7
Fully Diluted Valuation
$315,195,781.7
24 Hour Trading Vol
$12,487,511.0
Circulating Supply
16,086,881.8
Total Supply
16,086,881.8
Max Supply
∞
Kusama Price
$19.59
24h Range
$18.41 - $19.78
Percent Change 1h
-0.92%
Percent Change 24h
5.6%
Percent Change 7d
-17.64%
All-time high
$621.71
All-time low
$0.877
1D
7D
1M
1Y
All
Kusama is an experimental blockchain platform built on Substrate, designed to serve as a testing ground for the Polkadot network. Launched in 2019 by the Web3 Foundation, Kusama operates as a scalable multi-chain network that allows developers to deploy and test decentralized applications (dApps) and innovations in a live environment. Its native cryptocurrency, KSM, is used for governance, staking, and bonding within the ecosystem. As of 2024, Kusama has a market capitalization of approximately $1.2 billion, making it one of the prominent players in the crypto landscape.
Kusama was co-founded by Dr. Gavin Wood, who is also one of the co-founders of Ethereum, along with Robert Habermeier and Peter Czaban. Gavin Wood, a prominent figure in the blockchain space, has contributed significantly to the development of smart contracts and decentralized technologies. The team behind Kusama aims to foster innovation and experimentation in the blockchain sector by providing a flexible environment for developers.
Kusama operates on a unique multi-chain architecture, utilizing a structure known as the "Relay Chain" that connects multiple "Parachains" (parallel blockchains). This design allows various blockchains to communicate and share security while benefiting from Kusama's scalable infrastructure. The network utilizes a nominated proof-of-stake (NPoS) consensus mechanism, where KSM token holders can nominate validators to secure the network. This system promotes decentralization and offers a dynamic governance model, enabling stakeholders to propose and vote on network upgrades and changes.
Kusama serves various use cases that leverage its unique features and capabilities:
Securing your Kusama (KSM) tokens is crucial to protecting your investment. Here are some best practices:
Investing in Kusama (KSM) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Kusama: Once your account is funded, you can purchase Kusama directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Kusama using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Kusama (KSM) is currently trading at $19.59 and exhibits good potential for future growth. Check the latest Kusama (KSM) price prediction.
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