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What is the issue volume of KAS coins? One article to introduce the application scenarios of KAS coins
The versatile KAS Coin's utility extends from powering cloud computing and governing the Kadena network to incentivizing stakers, miners, and facilitating in-app transactions.
Oct 01, 2024 at 01:00 am
KAS Coin: Issue Volume and Comprehensive Application Scenarios
Issue Volume
KAS Coin (KAS) has a limited supply of 200 million tokens. The initial issuance of KAS occurred through a series of ICO rounds, where a total of 80 million tokens were sold. The remaining 120 million tokens will be released gradually over time to support the development and operation of the KAS ecosystem.
Application Scenarios
KAS Coin plays a vital role in various applications within the ecosystem. Its primary use cases include:
- Cloud Computing: KAS Coin is used to pay for cloud computing services provided by the Kadena network. Developers can utilize KAS to power their applications, smart contracts, and decentralized applications (dApps) on Kadena's scalable blockchain.
- Transaction Fees: KAS Coin is the native currency for transaction fees on the Kadena blockchain. Users need to hold KAS to initiate transactions, such as transferring funds, staking, or interacting with smart contracts.
- Governance: KAS Coin holders can participate in the governance of the Kadena network through the Kadena Council. By staking KAS, they can vote on proposals related to protocol upgrades, ecosystem development, and future directions of the network.
- Staking Rewards: Holding and staking KAS Coin allows users to earn rewards for participating in the network's security and validation processes. Staking KAS contributes to the overall stability and decentralization of the blockchain.
- Proof-of-Work Rewards: KAS Coin can be mined using the proof-of-work (PoW) consensus mechanism. Miners contribute their computational power to secure the network in exchange for block rewards paid in KAS.
- In-App Transactions: KAS Coin can be used as a payment method within various applications built on the Kadena platform. For example, it can enable purchases of goods and services in decentralized marketplaces or to subscribe to premium features in dApps.
- Cross-Chain Transactions: Kadena is exploring interoperability with other blockchains. KAS Coin may be used in the future to facilitate cross-chain transactions and bridge the gap between different crypto ecosystems.
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