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Frequently Asked Questions

Here you can find frequently asked questions about various cryptocurrencies.

How Is the KuCoin Token Network Secured?

KuCoin employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users. It uses a multi-cluster and multi-layer architectural system that can accommodate more than one transaction at the same time, ensuring system stability throughout every transaction.

What Is A KCS Burn?

The KCS initial supply was set at 200 million. KuCoin and the KCS team are buying back KCS from the market and burning them every quarter. The amount of KCS to be burned depends on the quarterly trading volume of the KuCoin Exchange. So the circulating supply of KCS is decreasing and will eventually settle down at 100 million.

What Is The KCS Used For?

Besides being paid out as a dividend, KCS, as a utility token, is also used to pay for trading fees on the KuCoin Exchange, allowing users to enjoy discounts of up to 80%. The use case of KCS also includes participation in the token sale on KuCoin Spotlight, as well as LockDrop/BurningDrop on the Pool-X platform. But this is not all, as KCS tokens also serve a series of other purposes on the platform. For instance, KCS holders can become KuCoin VIPs and users no longer need to have a huge BTC trading volume to unlock the reduced maker and taker fees. KCS can also be used as a payment method for shopping, making hotel reservations, buying gaming equipment, and more.

What Makes KuCoin Token Unique?

KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of KuCoin's daily trading fee revenue. KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. The amount of rewards that users can get depends on the number of KCS held and the trading volume of the KuCoin Exchange.

What Is KuCoin Token (KCS)?

KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future. KuCoin has also announced that “Empowering KCS'' will be a key priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future.

Where Can You Buy Neo (NEO)?

How Is the Neo Network Secured?

How Many Neo (NEO) Coins Are There in Circulation?

What Makes Neo Unique?

Who Are the Founders of Neo?

What Is Neo (NEO)?

Where Can You Buy IOTA (MIOTA)?

IOTA is available on multiple exchanges — many people choose to buy IOTA on [Binance](https://www.binance.com/en/how-to-buy/iota), Bitfinex, and OKX. According to the project, a range of trading pairs are available, linking the token with Bitcoin, Ethereum, stablecoins, and fiat currencies including the Japanese yen, euro, pound, and dollar. [ Learn more about fiat on-ramps here.](https://coinmarketcap.com/how-to-buy-bitcoin/)"

How Is the IOTA Network Secured?

A robust validator and committee selection process introduced by the IOTA 2.0 protocol upgrade ensures network integrity and resistance against malicious activities through a staking-based consensus mechanism. IOTA 2.0 will employ committee-based consensus, where committee selection hinges on staked value to deter attackers. State reversion is guarded via conflicting opinion chains and supermajority consensus. For access security, the protocol introduces token-generated Mana and the Scheduler, thwarting spam by requiring tokens for block issuance, but without introducing fees.

How Many IOTA Coins Are There In Circulation?

The total supply of the IOTA token is 4,600,000,000 IOTAs. The smallest denomination of IOTA is called "micros", with six decimal points, so the total supply amounts to 4,600,000,000,000,000 micros.

What Makes IOTA Unique?

IOTA distinguishes itself in the DLT landscape through its innovative architecture and features. It operates on the Tangle, a directed acyclic graph (DAG), which facilitates the processing of transactions in parallel, effectively overcoming the common bottlenecks found in standard blockchain architectures. As a result, the Tangle enhances scalability and operational efficiency. The unique capacity of the Tangle to support simultaneous additions of blocks, coupled with its DAG architecture, enables continuous and parallel transaction processing. This optimization of computational resources is essential for handling high volumes of transactions. Another key characteristic of IOTA is its operation without the need for external validators or miners, removing the necessity for transaction fees based on tokens. This distinctive strategy ensures that transactions on the IOTA platform are not only cost-effective but also safeguarded against possible manipulation, promoting smooth and secure transaction transfers. [Read our deep dives into the latest crypto technology](https://coinmarketcap.com/alexandria/categories/tech-deep-dives) [The latest data on crypto’s market cap and trading volumes](https://www.coinmarketcap.com/charts/) [Today’s top stories in the crypto and blockchain industry](https://coinmarketcap.com/headlines/news/) [CoinMarketCap Blog: Analysis, opinion, news and updates](https://blog.coinmarketcap.com/)

What Is the IOTA Foundation?

Founded in 2017, the [IOTA Foundation](https://www.iota.org/) is a charitable non-profit organization headquartered in Berlin, Germany, making it one of the longest-standing crypto projects. It develops the IOTA protocol and steers open-source [governance](https://coinmarketcap.com/academy/glossary/governance) to bring the technology to production maturity. Its Co-founder and Chairman is Dominik Schiener. A current initiative of the IOTA Foundation involves developing infrastructure to represent real-world assets in digital tokens. The goal is to connect the physical and digital worlds, making illiquid assets liquid and widely tradable, to enable new economic opportunities. Two organizations help drive the adoption of IOTA and grow the ecosystem of partners and builders using the technology. The Tangle Ecosystem Association (TEA) is a Swiss-based non-profit that allocates grants and funding to ecosystem projects, alliances, partners, third-party integrations, and builders. The IOTA Ecosystem DLT Foundation, based in Abu Dhabi, United Arab Emirates, is the first DLT foundation to be registered under the regulator authorities there.

What Is IOTA?

IOTA is a distributed ledger technology (DLT) that features unique architecture and an open-source product suite for individuals, businesses, and institutions to use in Web3. It is built on a directed acyclic graph (DAG) called the Tangle, which can be pictured as a multi-dimensional blockchain. It enables the exchange of data and value on a decentralized platform through direct and secure transfers, executed on and immutably recorded on the network. To learn more about this project, check out our [deep dive into IOTA](https://coinmarketcap.com/academy/article/a-deep-dive-into-iota). Together with its staging network Shimmer, IOTA aims to offer solutions to establish a secure and permissionless infrastructure that can drive the economy of the future. It enables the development of decentralized applications through automated trust in the form of Ethereum-compatible smart contracts, an advanced consensus algorithm, and thoughtfully balanced incentives. IOTA delivers tools for creating and managing custom Layer 2 (EVM) chains, deploying smart contracts, minting native tokens and NFTs with distinctive features, and introducing digital identities to users. Launching in 2024, IOTA 2.0 will be a protocol upgrade that rebuilds IOTA’s architecture to deliver full decentralization. You can find more about it [here](https://blog.iota.org/digital-autonomy-for-everyone/).

Where Can You Buy Kava (KAVA)?

KAVA tokens can be traded on over a dozen exchange platforms, and there are now a wide variety of KAVA trading pairs available, the most popular of which include: KAVA/USDT, KAVA/BTC and KAVA/BNB. As of March 2022, [Binance](https://coinmarketcap.com/exchanges/binance/) is the most liquid exchange for KAVA tokens, whereas [Kraken](https://coinmarketcap.com/exchanges/kraken/) is the only exchange to offer KAVA/EUR and KAVA/USD trading pairs. To learn more about buying cryptocurrencies with fiat, see our [comprehensive guide](https://coinmarketcap.com/how-to-buy-bitcoin/).

How Is the Kava Network Secured?

Kava is built on Cosmos, and uses a Tendermint-based [proof-of-stake](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) (POS) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus) to ensure the integrity of the network. This uses a network of validator nodes for confirming transactions. These validator nodes must put up collateral to take up the duty of validating transactions. If validators misbehave or fail to meet rigorous minimum requirements, their stake will be penalized — thereby incentivizing validators to remain honest and efficient. Kava holders can run a staking node to earn KAVA rewards directly from the protocol. However, only the top 100 Kava nodes (also known as validators) are eligible to receive these rewards. Beyond this, KAVA holders can stake their tokens on various compatible exchange platforms, like Binance, Kraken, Huobi Pool, and in wallets like Trust Wallet, Cosmostation Wallet, and Keplr. Kava's [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) have been audited by multiple independent blockchain and crypto security firms, including CertiK, B-Harvest and Quantstamp. To date, no vulnerabilities have been found.

How Many Kava (KAVA) Coins Are There in Circulation?

The KAVA token was first launched in 2019 with a Binance Launchpad educational event. All vesting KAVA has been unlocked and Kava’s proof-of-stake’s consensus mechanism emits tokens to incentivize validators to secure the network. A portion of emitted tokens are also utilized in initiatives like Kava Rise to further the decentralization, security, and stability of the Kava ecosystem.

What Makes Kava Unique?

Who Are the Founders of Kava?

Kava has always put security and decentralization first. Today, the Kava blockchain ecosystem is developed by over 100 application protocol teams (and counting), and is supported by over 100 infrastructure teams. The Kava ecosystem is supported by multiple independent international Foundations which are responsible for allocating protocol-level funding to grantees with the purpose of supporting the health and continued development of decentralized networks and systems.

What Is Kava (KAVA)?

Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos EVM technology that enables maximum scalability, speed, security, and developer support. Builders on Kava earn a share of Kava Rise's $750M developer incentive fund via the program's blockchain-based distribution method, designed to reward the top protocols every month based on usage.

SATS is a BRC-20 token that pays homage to satoshi. SATS is the abbreviation for satoshi, the smallest unit of Bitcoin. One satoshi equals to 0.00000001 BTC. Please note that the token is a meme token and is inscribed by an anonymous team. 1000SATS is 1000 times of SATS.

Where Can You Buy JasmyCoin (JASMY)?

As of May 2022, JasmyCoin (JASMY) is listed on a number of crypto exchanges, so it's currently available for purchase on the following platforms: [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/), [Binance](https://coinmarketcap.com/exchanges/binance/), [Coinbase Exchange](https://coinmarketcap.com/exchanges/coinbase-exchange/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [Bittrex](https://coinmarketcap.com/exchanges/bittrex/), [Kraken](https://coinmarketcap.com/exchanges/kraken/), [Binance TR](https://coinmarketcap.com/exchanges/binance-tr/), [LBank](https://coinmarketcap.com/exchanges/lbank/), [MEXC](https://coinmarketcap.com/exchanges/mxc/), [ZB.COM](https://coinmarketcap.com/exchanges/zb-com/), [Crypto.com Exchange](https://coinmarketcap.com/exchanges/crypto-com-exchange/), [Phemex](https://coinmarketcap.com/exchanges/phemex/), [Uniswap (V3)](https://coinmarketcap.com/exchanges/uniswap-v3/), [Tokocrypto](https://coinmarketcap.com/exchanges/tokocrypto/), [WazirX](https://coinmarketcap.com/exchanges/wazirx/), [Deepcoin](https://coinmarketcap.com/exchanges/deepcoin/), [Bitrue](https://coinmarketcap.com/exchanges/bitrue/), [XT.COM](https://coinmarketcap.com/exchanges/xt/), [BTCEX](https://coinmarketcap.com/exchanges/btcex-exchange/), [CoinEx](https://coinmarketcap.com/exchanges/coinex/), [CEX.IO](https://coinmarketcap.com/exchanges/cex-io/), [Pionex](https://coinmarketcap.com/exchanges/pionex/), [BKEX](https://coinmarketcap.com/exchanges/bkex/), [Hoo](https://coinmarketcap.com/exchanges/hoo/), [Bitget](https://coinmarketcap.com/exchanges/bitget/), [BitForex](https://coinmarketcap.com/exchanges/bitforex/), [Nominex](https://coinmarketcap.com/exchanges/nominex/), [CoinTiger](https://coinmarketcap.com/exchanges/cointiger/), [LATOKEN](https://coinmarketcap.com/exchanges/latoken/), [Hotcoin Global](https://coinmarketcap.com/exchanges/hotcoin-global/), [Billance](https://coinmarketcap.com/exchanges/billance/), [Mandala Exchange](https://coinmarketcap.com/exchanges/mandala/), [BingX](https://coinmarketcap.com/exchanges/bingx/), [Decoin](https://coinmarketcap.com/exchanges/decoin/), [Hotbit](https://coinmarketcap.com/exchanges/hotbit/), [Jubi](https://coinmarketcap.com/exchanges/jubi-exchange/) and [DigiFinex](https://coinmarketcap.com/exchanges/digifinex/). Want to keep track of JasmyCoin prices live? Download the CoinMarketCap [mobile app](https://coinmarketcap.com/mobile/). Want to convert JasmyCoin price today to your desired fiat currency? Check out CoinMarketCap [exchange rate calculator](https://coinmarketcap.com/converter/).

How Is the JasmyCoin Network Secured?

The JASMY [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) was deployed on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) in December 2019, and later was audited by SlowMist, a blockchain security firm that provides cybersecurity auditing and protection for digital assets, leading exchanges and crypto wallets; the ​​certificate is available [here](https://www.slowmist.com/en/security-audit-certificate.html?id=c328ea74548253d1cfc8985e12155648cf363cc28eaf21b6aefde4155258f7ba). JasmyCoin is a Japanese cryptocurrency that fully complies with the legal requirements of Japanese legislation, which strictly regulates transactions with cryptocurrencies and is subject to all kinds of financial audits. Jasmy also claims to be a legal platform that is subject to official registration. This aspect gives the JASMY token a role similar to shares/securities. Jasmy may be held liable in case of exposure of investors and users' savings. For such violations, Japanese law may revoke the license and call for liability.

How Many JasmyCoin (JASMY) Coins Are There in Circulation?

JasmyCoin (JASMY) is a utility token that keeps the network running, it’s deployed on the Ethereum blockchain and operates as an ERC-20 token. JasmyCoin is the only currency of the Jasmy network, and the main use of the token is to pay for personal data from IoT devices. Customers can use JASMY purchasing products on the platform, as well as to protect information. Due to JasmyCoin, users have access to any data from the storage. JasmyCoin has a maximum supply of 50B coins with 4.75B $JASMY in circulation, as of May, 2022. The total supply of JASMY is distributed as follows: 48% to the ecosystem fund, 27% to investors, 20% to contributors and the community and 5% to an incentives program. JASMY did not have an initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)) event.

What Makes JasmyCoin Unique?

In the digital age, Jasmy is addressing the following challenges: The Jasmy platform guarantees its customers confidentiality and gives them the right to manage their own personal data. With Jasmy, users send information via IoT devices to companies in exchange for services in a secure manner; Jasmy offers a data processing policy in which the information-gathering of customers is carried out properly, excluding information leakage; The Jasmy network ensures a decentralized infrastructure where data management is built on security and trust. Thus, the JasmyCoin project is trying to support the highest possible level of safety and security of the market, and the active use of IoT devices helps to reduce fraud. How it works: user data is kept in a secure storage of personal data. The Jasmy network uses [IPFS](https://coinmarketcap.com/alexandria/glossary/interplanetary-file-system-ipfs) (InterPlanetary File System) technology, which consists of the Security Knowledge Communicator (SKC) and Smart Defender. To activate SKC, users need to go through the registration and identity verification stage, and it’s possible afterwards to track transactions and manage data. At this stage, investors/companies receive permission to use the personal information of the owners. And with the help of the Smart Guardian (SG) service, IoT devices are securely registered.

Who Are the Founders of JasmyCoin?

Jasmy was founded in April 2016 in Tokyo by several former Sony executives including Kunitake Ando (Representative Director of Jasmy & Former President and COO of Sony Corporation), Kazumasa Sato (President & COO at Jasmy and Former CEO of Sony Style.com Japan Inc.), Masanobu Yoshida (Deputy President & CTO at Jasmy, retired as of December, 2021), and Hiroshi Harada (CFO at Jasmy & Executive Financial Analyst at KPMG). In October 2021, JasmyCoin (JASMY) was launched on the Japanese exchange BITPoint Japan. $JASMY is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token that powers the Jasmy platform, acts as the main utility token of the network and plays a vital role in building the entire Jasmy ecosystem. The project has partnered with major players in the digital industry, among them: Transcosmos, Panasonic and VAIO.

What Is JasmyCoin (JASMY)?

JasmyCoin (JASMY) is a cryptocurrency project of a Tokyo-based Internet of Things ([IoT](https://coinmarketcap.com/alexandria/glossary/internet-of-things)) provider Jasmy Corporation. As a system, the Internet of Things includes mechanical and digital elements endowed with an identifier and the ability to transmit data. The IoT company Jasmy specializes in buying/selling data, and the Jasmy platform connects two categories: service providers and data users. The Jasmy platform was built to restore and protect the sovereignty of individual data by combining IoT technology with blockchain technology and giving users full control over their personal information. The main goal of the project is to establish a secure environment on the platform where users can exchange data in a trustless manner between IoT devices (computers, cars, phones) and decentralized protocols. The mission of Jasmy developers is to create an environment by shaping an infrastructure where users can easily, safely and smoothly use data. As a result, Jasmy aims to provide its users with a powerful infrastructure, an intuitive interface and a secure environment for storing and sharing data. In the Jasmy space, information can be transformed into personal assets. Jasmy decentralizes the workflow with edge computing and storing data on IPFS (InterPlanetary File System). The philosophy of the project is based on the democratization of data using a decentralized model, where data is securely protected and owned by an owner, and service providers get the opportunity to promote their services/business using data (owned by users).