KSM

Kusama price

KSM
|
3.7/5
$33.91
+0.98%
1h
24h
1W
1M
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Kusama price live data

The current price of Kusama is $33.91. Since 00:00 UTC, Kusama has increased by +0.98%. It currently has a circulating supply of 8,980,098 KSM and a maximum supply of 10,000,000 KSM, giving it a fully diluted market cap of $304.52M. At present, Kusama holds the 133 position in market cap rankings. The Kusama/USD price is updated in real-time.

Kusama price performance in USD

Time periodChange amount%Chg
Today$0.330 +0.98%
7 days-$8.07 -19.23%
30 days-$25.29 -42.72%
3 months-$14.49 -29.94%

Kusama market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$29.75
Last price $33.91
24h high$40.26
Heat index ranking
200
Market cap ranking
133
Market cap
$304.52M
Favorited rate
Percentage of users who favorited this asset to all users
1.68%
All-time high
$624.99
-94.58% (-$591.08)
May 18, 2021 (3 years ago)
All-time low
$16.52
+105.26% ($17.39)
Oct 19, 2023 (6 months ago)
ICO date
11/28/2019
ICO price
The price at which this crypto was first traded
$0.00
Circulating supply
The amount of this crypto that is publicly available in the market
8,980,098 KSM
Market cap at circulating supply
Market cap = Circulating supply × Last price
$339.10M

About Kusama (KSM)

Kusama is an open-source and experimental version of the Polkadot blockchain, built using the Substrate network. It offers a relatively lenient governance system, thus allowing developers to build and upgrade new blockchain projects quickly. KSM is the name and ticker of the project's native token.

Kusama utilizes a multi-chain network with a relay chain, parachains, and bridges. While Polkadot focuses on maintaining high levels of security, Kusama is designed to absorb the risks of early experimentation by acting as a testnet. It is also cheaper to deploy projects on Kusama than on Polkadot, making it attractive for early-stage projects. The minimum requirement for staking as a validator is also lower, increasing its accessibility to users. However, Kusama supports a limited number of parachains, currently 100, booked through slots and allocated through an open auction for high-value bidders.

The three main ecosystem governance participants are the KSM token holders, the council, and the technical committee based on the Nominated Proof of Stake (PoS) consensus. The on-chain governance model uses simple, stake-based voting schemes to make any required changes to the network. As a result, Kusama is four times faster than Polkadot, with the voting and enactment process executed within 15 days.

KSM price and tokenomics

KSM has a total supply of 10 million and is subject to an annual inflation rate of 10%. Therefore, the token allocation of newly minted tokens depends on the proportion of KSM staked by network participants. If upheld, the ideal staking ratio is set at 50%, giving KSM validators new tokens. The excess goes to the treasury if this ratio has a positive deviation. However, validators will receive fewer tokens with a negative deviation, affecting the KSM price.

The quicker governance structure and rapidly expanding Polkadot ecosystem drive demand for KSM tokens. Polkadot price fluctuations also affect KSM's price. KSM was initially released through an airdrop and distributed to accounts that participated in the sale of DOT, Polkadot's token, at a ratio of 1:1. It also had a sale option for those who did not hold any DOT tokens at the time.

About the founders

Backed by strong players in the crypto ecosystem, Kasuma shares the same founders as Polkadot - Gavin Wood, Peter Czaban, and Robert Habermeier. Wood, the co-founder and former CTO of Ethereum, invented several fundamental elements of blockchain development, including Solidity, Whisper, and Proof of Authority (PoA) consensus. He also currently serves as the president and founder of the Web3 Foundation.

Czaban, an Oxford alumnus, is the chief technology officer at the Web3 Foundation, while Habermeier, a fellow at Thiel, is a longtime member of the Rust community. KSM also has a team of over 100 blockchain engineers and strategic advisors helping shape the project's future. Kusama is funded by the Web3 Foundation and private investors such as Master Ventures, who funded the entire Polkadot ecosystem.

Learn more about Kusama (KSM)

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KSM FAQ

What is KSM?

Kusama is Polkadot's sister network with specialized blockchains built using Substrate. It provides a testing ground for developers to deploy new projects with a faster governance cycle. Projects can also choose to use Kusama or Polkadot as their primary environment. Many choose to run parachains on both, with Kusama as a pre-production environment. KSM is the native token of Kusama. Holders of KSM, along with an elected council, make governance decisions in a democratic process.

How does KSM's slot booking work?

Developers can rent space at a low cost to build projects on Kusama using slots allocated in three ways. First, users can book them through a permissionless auction by locking up their KSM tokens for a specified period. Smaller projects that may not be able to inhabit an entire parachain can opt for parathreads, a smaller version of parachains with the same API but executed on a pay-as-you-go basis with an auction for each block.

Where can I buy KSM?

Easily buy KSM tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include KSM/USDT.

You can also buy KSM with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for KSM with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into KSM, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

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1 KSM ≈ $33.91 USD
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