Kusama

Halal Rating :
Comfortable
Last Price $18.6 Last updated:
Rank 157
1D Change -3.65 %
Market Cap $298.53m
Circulating supply 16,088,886
Maximum supply None

Crypto Overview

Categories
  • Substrate
  • Polkadot Ecosystem
  • CMS Holdings Portfolio
  • Kenetic Capital Portfolio
  • 1Confirmation Portfolio
  • VBC Ventures Portfolio

Purpose and Utility

Kusama is designed as a 'canary network' for Polkadot, serving as a live testing environment for blockchain projects before they deploy on Polkadot. It provides a platform for developers to experiment with blockchain applications and governance structures in a real economic environment. The KSM token is used for governance voting, staking, and paying transaction fees on the network.

Business Model Evaluation

The platform's business model focuses on providing infrastructure for blockchain development and testing. The model is transparent and doesn't involve any inherently prohibited activities. The staking mechanism used for network security follows a delegated proof-of-stake model that involves actual asset ownership and network participation.

Real-World Adoption

Kusama has significant developer activity and hosts numerous parachains (independent blockchains) that are actively testing features before moving to Polkadot. The network processes thousands of transactions daily and has a vibrant ecosystem of projects utilizing its infrastructure.

Platform Development

The project maintains strong development activity with regular updates and improvements. The GitHub repository shows consistent contributions, and the technical roadmap is actively followed. The ecosystem includes multiple operational parachains and projects.

Token Distribution and Governance

KSM tokens were initially distributed to DOT holders at launch, with a transparent distribution model. The governance system allows token holders to participate in network decisions through voting. While there is significant trading activity, this trading involves actual asset ownership and transfer.

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