-
Bitcoin $82,405.8054
1.80% - Ethereum
$1,884.7519
-0.98% - Tether USDt
$0.9999
0.00% - XRP
$2.1982
3.41% - BNB
$554.7899
1.03% - Solana
$126.4387
2.60% - USDC
$0.9999
0.00% - Cardano
$0.7403
2.50% - Dogecoin
$0.1678
5.10% - TRON
$0.2220
-2.29% - Pi
$1.6540
20.48% - UNUS SED LEO
$9.7102
-0.33% - Hedera
$0.2019
1.40% - Chainlink
$13.2996
2.73% - Stellar
$0.2572
2.05% - Avalanche
$18.4321
7.10% - Shiba Inu
$0.0...01228
5.00% - Sui
$2.2754
4.74% - Bitcoin Cash
$344.3380
2.66% - Litecoin
$90.3191
1.69% - Toncoin
$2.6879
2.87% - MANTRA
$6.4143
2.32% - Polkadot
$3.9765
0.29% - Ethena USDe
$0.9993
-0.04% - Dai
$1.0000
0.00% - Bitget Token
$4.1926
1.76% - Hyperliquid
$13.4399
-4.26% - Monero
$206.7869
1.17% - Uniswap
$5.9605
-0.44% - Aptos
$5.1119
-6.81%
What is the issuance price and issuance volume of KSM coins?
During its 2019 ICO, Kusama (KSM) tokens were issued at $1 per token, with a total of 10 million sold, raising $10 million.
Nov 27, 2024 at 01:28 pm
What is the Issuance Price and Issuance Volume of KSM Coins?
Understanding Kusama (KSM) Coins
Kusama (KSM) is a decentralized blockchain platform designed as a "canary network" for Polkadot, the flagship interoperability protocol. As a parachain network, Kusama allows developers to test and deploy experimental blockchain applications before they are deployed on Polkadot, offering a real-world testing ground for innovative blockchain solutions.
Issuance Price and Volume of KSM Coins
1. Initial Coin Offering (ICO)
- KSM coins were first issued through an ICO in 2019.
- The ICO price was set at $1 per KSM token.
- A total of 10 million KSM tokens were sold during the ICO, raising a total of $10 million.
2. Treasury Allocations
- A significant portion of the KSM coin supply was allocated to the Kusama Treasury.
- The Treasury funds are used to support the development and governance of the Kusama network.
- The Treasury initially held approximately 5.6 million KSM tokens (56% of the total supply).
3. Parachain Auctions
- KSM tokens are used as the bonding mechanism for parachains, which are independent blockchains connected to the Polkadot or Kusama network.
- Developers who wish to secure a parachain slot must bid in KSM tokens.
- Winning bids are locked for the duration of the parachain lease, creating a demand for KSM tokens.
Current Issuance Volume
As of February 2023, the total issuance volume of KSM coins is approximately 10.6 million tokens.
Additional Points to Note
- The KSM token supply is capped at 10 billion tokens.
- New KSM tokens are issued through a process called "staking rewards."
- Stakers earn rewards for securing the Kusama network by locking up their KSM tokens.
- The issuance rate of KSM tokens is adjusted dynamically based on the network's activity and inflation rate.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- The price of Hyperliquid's native token dropped 8.5% on Wednesday morning as a whale liquidation event appeared to leave Hyperliquid's HLP (Hyperliquidity Provider) vault with a $4 million loss.
- 2025-03-12 22:05:50
- Bittensor (TAO), Solaxy (SOLX), and Mind of Pepe (MIND) Are the Best Crypto to Buy in March 2025
- 2025-03-12 22:05:50
- Hyperliquid (Hype) Crypto Trading Platform Is Under the Microscope for Multiple Hoog-Leverage Trades
- 2025-03-12 22:05:50
- Remittix Emerges as a Utility-Driven Project Targeting the $190 Trillion Cross-Border Payments Market
- 2025-03-12 22:05:50
- Y Combinator (YC) Backs Stablecoins
- 2025-03-12 22:05:50
- Best Uniswap (UNI) Wallet in 2025: Review of Uniswap's Native Non-Custodial Wallet
- 2025-03-12 22:05:50
Related knowledge
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Is there a limit on the holding time of SOL in leveraged trading?
Mar 12,2025 at 08:40am
Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...
How to set stop profit and stop loss in SOL leveraged trading?
Mar 12,2025 at 01:50pm
Key Points:Understanding Leverage and Risk in SOL Trading: Leverage amplifies both profits and losses. Proper stop-loss and take-profit orders are crucial for risk management.Setting Stop-Loss Orders: A stop-loss order automatically sells your SOL position when the price drops to a predetermined level, limiting potential losses. Placement depends on you...
How is the forced liquidation price of SOL in leveraged trading calculated?
Mar 12,2025 at 12:40pm
Key Points:Forced liquidation in leveraged SOL trading occurs when the trader's position experiences a significant loss, falling below the maintenance margin requirement.The forced liquidation price depends on several factors: the leverage used, the entry price, the initial margin, and the exchange's liquidation parameters. There's no single formula; it...
What is the liquidation mechanism of SOL in leveraged trading?
Mar 12,2025 at 09:25pm
Key Points:Solana (SOL) leveraged trading involves borrowing funds to amplify potential profits, but also magnifies losses.Liquidation occurs when the value of your position falls below the maintenance margin, triggering the automatic sale of your assets to cover losses.The liquidation price depends on the leverage used, the initial margin, and the pric...
What are the risks of SOL leveraged trading?
Mar 12,2025 at 02:25am
Key Points:High liquidation risk due to SOL's volatility.Complexity of leveraged trading amplifies both profits and losses.Risk of cascading liquidations in volatile market conditions.Platform-specific risks including exchange hacks or malfunctions.Lack of understanding of leverage mechanics leads to significant losses.Regulatory uncertainty surrounding...
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Is there a limit on the holding time of SOL in leveraged trading?
Mar 12,2025 at 08:40am
Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...
How to set stop profit and stop loss in SOL leveraged trading?
Mar 12,2025 at 01:50pm
Key Points:Understanding Leverage and Risk in SOL Trading: Leverage amplifies both profits and losses. Proper stop-loss and take-profit orders are crucial for risk management.Setting Stop-Loss Orders: A stop-loss order automatically sells your SOL position when the price drops to a predetermined level, limiting potential losses. Placement depends on you...
How is the forced liquidation price of SOL in leveraged trading calculated?
Mar 12,2025 at 12:40pm
Key Points:Forced liquidation in leveraged SOL trading occurs when the trader's position experiences a significant loss, falling below the maintenance margin requirement.The forced liquidation price depends on several factors: the leverage used, the entry price, the initial margin, and the exchange's liquidation parameters. There's no single formula; it...
What is the liquidation mechanism of SOL in leveraged trading?
Mar 12,2025 at 09:25pm
Key Points:Solana (SOL) leveraged trading involves borrowing funds to amplify potential profits, but also magnifies losses.Liquidation occurs when the value of your position falls below the maintenance margin, triggering the automatic sale of your assets to cover losses.The liquidation price depends on the leverage used, the initial margin, and the pric...
What are the risks of SOL leveraged trading?
Mar 12,2025 at 02:25am
Key Points:High liquidation risk due to SOL's volatility.Complexity of leveraged trading amplifies both profits and losses.Risk of cascading liquidations in volatile market conditions.Platform-specific risks including exchange hacks or malfunctions.Lack of understanding of leverage mechanics leads to significant losses.Regulatory uncertainty surrounding...
See all articles
