When was KSM coin issued?

In 2019, Kusama's initial coin offering (ICO) allocated half of the 10 million KSM tokens to early adopters, with the remaining 50% distributed among the team and contributors.

Nov 21, 2024 at 02:27 pm

Kusama (KSM) Coin Issuance: A Comprehensive Timeline

Kusama, the "wild cousin" of Polkadot, is a decentralized blockchain platform designed to provide a testbed for experimental features and new innovations in the Polkadot ecosystem. Its native token, KSM, plays a vital role in network operations, governance, and security. Here's a detailed timeline of the KSM coin's issuance and distribution:

1. Initial Distribution (2019):

KSM tokens were first issued as part of Kusama's initial coin offering (ICO) in July 2019.
A total of 10 million KSM tokens were created, with 50% sold through the ICO.
The remaining 50% of tokens were distributed among the Kusama team, Polkadot contributors, and early supporters.

2. Token Generation Event (2019):

Kusama's token generation event (TGE) took place in September 2019, marking the official launch of the Kusama network.
The initial supply of KSM tokens was set at 10 million, and the TGE marked the beginning of KSM's trading and exchange operations.

3. Staking Rewards (2020):

In February 2020, Kusama introduced staking rewards for KSM holders.
Users could stake their KSM tokens to earn rewards for contributing to the network's security and governance.
Staking rewards became an important incentive for KSM holders to participate in the network and support its growth.

4. Additional Token Issuance (2021):

In August 2021, a proposal to increase the KSM supply was passed, resulting in the issuance of 150 million additional tokens.
These additional tokens were used to incentivize early adopters of the network and further support the Kusama ecosystem.

5. Ongoing Inflation:

Kusama's monetary policy includes a mechanism for ongoing inflation of the KSM supply.
This inflation is designed to reward network participants and maintain a balance between the supply and demand of KSM tokens.
The current rate of inflation is approximately 10% per year.

6. Future Token Issuance:

The future issuance of KSM tokens will be determined by Kusama's governance model.
The community can propose and vote on changes to the token supply and distribution mechanisms.
Any future token issuance will be subject to community approval and will aim to support the ongoing development and growth of the Kusama ecosystem.

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