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KSM Price Live Data

The live Kusama price today is $176,40 USD with a 24-hour trading volume of $64 628 354 USD. We update our KSM to USD price in real-time. Kusama is down ,39% in the last 24 hours. The current CoinMarketCap ranking is #60, with a live market cap of $1 494 140 036 USD. It has a circulating supply of 8 470 098 KSM coins and the max. supply is not available.

If you would like to know where to buy Kusama, the top cryptocurrency exchanges for trading in Kusama stock are currently Binance, OKX, FTX, CoinTiger, and BitCoke. You can find others listed on our crypto exchanges page.

What Is Kusama (KSM)?

Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.

Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.

By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”

The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.

Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.

Who Are the Founders of Kusama?

Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist and programmer, who also co-founded Ethereum.

Parity Technologies has an extensive team comprised of some of the world's most successful blockchain engineers, and has over 100 employees in total spread throughout the world.

In addition, Kusama is funded by grants from the Web3 Foundation, which was launched to help "nurture and steward technologies and applications in the fields of decentralised web software protocols." The Web3 foundation also supports Kusama with research and community development thanks to its growth team.

What Makes Kusama Unique?

Kusama is unusual among blockchain platforms since it is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development.

It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system — an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains.

This system enables it to perform rapid on-chain upgrades without a fork, and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network.

Like Polkadot, Kusama features on-chain governance capabilities. This on-chain governance is both decentralized and permission-less, allowing anybody with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals, which might include putative upgrades, changes to the protocol, and feature requests. This on-chain governance procedure is roughly four times faster than that offered by Polkadot, with a combined voting and enactment period of just 15 days — leading to the rapid pace of development for projects built on Kusama.

The project serves projects that want to hit the ground running, launching updates and improvements without the need to implement a fork to do so — thereby ensuring maximum community cohesion.

Related Pages:

Read more about Polkadot (DOT) — which is like Kusama (KSM), but enterprise-focused.

Check out Ethereum (ETH) — one of Kusama’s major competitors.

Brush up on your crypto basics with CoinMarketCap Alexandria.

Visit the CoinMarketCap blog for the latest news, tips, tricks and market insights.

How Many Kusama (KSM) Coins Are There in Circulation?

As of November 2020, Kusama has a circulating supply of 8.47 million tokens, and a total supply of 10 million tokens. Unlike some other blockchains, this maximum supply is not fixed. Instead, it increases at an inflation rate of 10% per year.

The proportion of KSM that are staked changes how the newly minted KSM tokens (from inflation) are distributed. If exactly half of all KSM are staked, then Kusama validators receive 100% of newly minted tokens, whereas if it is above or below 50%, then some of the inflation rewards will go to the Kusama Treasury.

Kusama initially launched as an airdrop to those that participated in Polkadot (DOT) token sale. These were distributed at a 1:1 rate, while those without DOT were able to obtain KSM by using a frictional faucet — this has since been decommissioned. Unlike Polkadot, Kusama has not undergone redenomination to increase its circulating supply.

How Is the Kusama Network Secured?

Kusama is built using a nominated proof-of-stake (NPoS) consensus mechanism.

This uses a network of nominators (KSM stakers) who elect nodes to participate in the transaction validation process. These nominators receive a fraction of the inflation reward if their nominator is selected on the next rotation. Validators that act dishonestly or don't meet performance requirements can have their stake slashed.

Additionally, Kusama uses a simple queuing mechanism based on Merkle trees to resolve cross-chain transactions. Relay chain validators are responsible for moving transactions from the output queue of one parachain to the input queue of the target parachain — this is a secure, trustless process that uses the same validators on each chain to pass the messages.

Where Can You Buy Kusama (KSM)?

Kusama (KSM) is currently available to trade on dozens of popular exchange platforms, including Binance, OKEx and Huobi Global. The most liquid trade pairs for KSM are currently KSM/USDT, KSM/BTC and KSM/ETH.

To learn more about buying cryptocurrencies with fiat, see our comprehensive guide.

The live LaunchZone price today is $2,52 USD with a 24-hour trading volume of $163 136 USD. We update our LZ to USD price in real-time. LaunchZone is down ,89% in the last 24 hours. The current CoinMarketCap ranking is #1175, with a live market cap of $5 902 641 USD. It has a circulating supply of 2 343 234 LZ coins and the max. supply is not available.

If you would like to know where to buy LaunchZone, the top cryptocurrency exchanges for trading in LaunchZone stock are currently MEXC, PancakeSwap (V2), and Biswap. You can find others listed on our crypto exchanges page.

LaunchZone - The Ultimate DeFi Platform

The live NEXTYPE price today is $0,049810 USD with a 24-hour trading volume of $85 613,90 USD. We update our NT to USD price in real-time. NEXTYPE is down ,91% in the last 24 hours. The current CoinMarketCap ranking is #4399, with a live market cap of not available. The circulating supply is not available and a max. supply of 1 000 000 000 NT coins.

If you would like to know where to buy NEXTYPE, the top cryptocurrency exchanges for trading in NEXTYPE stock are currently Huobi Global, PancakeSwap (V2), and BakerySwap. You can find others listed on our crypto exchanges page.

NEXTYPE is launched by NEXTYPE Foundation on November 2020, which is a cross-chain GAME+NFT+DeFi integrated application ecology. NEXTYPE is aimed at creating more efficient and freer NFT swapping protocols and providing users with high-quality blockchain games. MiningTycoon, the initial game of NEXTYPE, is based on the development path of traditional games, which uses the core game method of virtual mining. In addition to NT reward, mining will also produce other buff props, such as mining license,which is an essential prop to participate in the BTC mining pool and NFT props with powerful effect in game . Players can collect and stake the mining license to mine BTC every day. NEXTYPE will also launch 8-10 self-developed games in this year and cooperate with at least 10 games to create NEXTYPE games matrix. In terms of underlying technology development,NEXTYPE has developed NVEP (NFT Value Exchange Protocol) and NCCP (NFT Cross-Chain Protocol) to solve the difficult situation of NFT transaction. And the smart contracts of NEXTYPE have been audited by CERTIK. NEXTYPE is strongly supported by HECO and has reached strategic cooperation with SeeSea Japan, a well-known Japanese company, and Quaras, a subsidiary of Fuji Media, which means NEXTYPE have made a good start in Japan IP market. Besides, NEXTYPE has been formally invited to join the BGA (Blockchain Game Alliance. NEXTYPE is trying to define the new form of next-gen blockchain games.