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Kusama

KSM

Kusama

KSM

Watchlist

₹3,259.80

LIVE

24H Low ₹3,078.90

24H High ₹3,806.10

Price of KSM today

The current live price of KSM today is ₹3,259.80, with a 24-hour trading volume of ₹9,77,34,31,585.20. Our KSM to INR price is updated in real-time. KSM has seen a decrease of -11.22% in the last 24 hours. With a live market cap of ₹51,89,36,27,571.90 , the circulating supply is at 15,826,478 KSM coins, with a maximum supply of 15,826,478KSM coins.

Kusama Price History

Date ComparisonAmount Change% Change
Today-₹429.30

11.62%

7 Days-₹696.60

17.58%

30 Days₹1,459.80

80.82%

1 Year₹650.70

24.88%

Kusama Price Information

Price Change (1hr)

12.1%

Price Change (24hr)

11.62%

Price Change (7d)

17.58%

Kusama Market Stats

Market Cap

₹51,89,36,27,571.90

Fully Diluted Market Cap

₹51,89,36,27,571.90

24hr Volume

₹9,77,34,31,585.20

116.29%

Circulating Supply

15826477.62 KSM

Total Supply

15826477.62 KSM

Things to know about Kusama

What is the token?

  • Kusama (KSM) operates as a “canary network” for Polkadot, providing an experimental development environment for testing new blockchain features, upgrades, and projects under real economic conditions.

  • Built on the Substrate framework by Parity Technologies, it shares a similar codebase with Polkadot.

Tokenomics

  • Kusama employs an inflationary token model with a 10% annual inflation rate designed to incentivise network participation and security.

  • The total supply of KSM tokens is not capped, with the circulating supply at approximately 8.98 million KSM out of around 10 million KSM.

Market Data

As of today #{today’s date}, the price of Kusama is ₹3,259.80 INR or 36.22 USD, with a 24-hour trading volume of 108593684.28 USD. The market capitalisation for Kusama is 576595861.91USD. The circulating supply is 15826477.62 Kusama, with the total supply also being 15826477.62 Kusama.

Token Pros and Cons

Pros:

  • It offers a realistic testing ground for blockchain projects.

  • The token provides high performance and scalability.

  • It features a robust security architecture.

  • It enables KSM holders to participate in governance and earn staking rewards.

Cons:

  • The token carries more risks due to its experimental nature.

Why Should You Invest in the coin

  • Kusama appeals to those interested in the potential of Polkadot, supporting pioneering developments on its canary network, and to investors seeking involvement in a network with a rapid innovation and deployment pace.

USP of the coin

  • Kusama’s unique selling proposition is its function as a canary network for Polkadot, facilitating the fast testing and deployment of new features and projects under real economic conditions before transitioning to Polkadot.

Problem the coin is solving

  • Kusama provides a scalable and robust test environment for developers to experiment with and deploy blockchain projects and features, addressing the need for a preliminary platform before official launches on networks like Polkadot.

Founder and Team Background

  • Founded by Dr. Gavin Wood, Polkadot’s founder and Ethereum’s co-founder and former CTO, Kusama is supported by the same team as Polkadot, with significant contributions from Parity Technologies and the Web3 Foundation.

ICO Price

  • KSM was distributed similarly to DOT from Polkadot’s ICO, with DOT holders receiving KSM tokens at a 1:1 ratio during an airdrop in July 2018, promoting engagement with Kusama’s network.

Risks Associated in Investing in the Coin

  • Investment risks include the experimental network’s potential for changes and instability, token dilution due to its inflationary model, and common cryptocurrency investment risks like regulatory changes and market volatility.

Whitepaper Insights

Kusama is designed as a multi-chain, sharded network that provides unprecedented interoperability and scalability for blockchain developers. It is built using Substrate and operates with nearly the same codebase as Polkadot, which allows for a shared security model and cross-chain message passing (XCMP) for interoperability.

The network’s architecture includes a main Relay Chain where transactions are finalised and multiple parachains, which are individual blockchains that can have their own tokens and be optimised for specific use cases. Parathreads offer a more flexible connectivity model compared to parachains, allowing developers to pay-as-you-go for block production.

Kusama’s governance is decentralised and permissionless, with key decisions made by KSM token holders through a sophisticated governance mechanism that includes referenda, council motions, and public proposals. This governance structure allows for rapid iteration and upgrading without the need for forking.

Staking is a crucial component of the network’s security, with KSM holders able to stake their tokens to nominate validators or become validators themselves. The staking system is designed to ensure a robust set of validators by rewarding good performance and slashing (penalising) dishonest or incompetent validators.

The network’s tokenomics are inflationary, with new KSM tokens minted annually to reward validators and nominators for their role in securing the network. The inflation rate is designed to encourage a high level of stake participation, with the ideal staking rate set to balance network security with token availability.

Kusama also features a treasury funded by transaction fees, slashing fines, and inefficiencies in the staking system. The treasury funds are used to finance public goods and network improvements proposed by KSM holders, further aligning incentives across the network.

The whitepaper likely discusses the technical aspects of the network’s consensus mechanism, which combines elements of Proof of Stake (PoS) with Nominated Proof of Stake (NPoS) to secure the network and validate transactions.

In summary, Kusama’s whitepaper outlines a bold vision for a scalable, interoperable, and user-governed network that serves as a proving ground for the most cutting-edge blockchain technology. It emphasises the importance of a live experimental environment where developers can test and optimise their projects in real economic conditions before transitioning to Polkadot, thereby reducing the risk of deploying untested technology on a more conservative network.

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What is the price of Kusama (KSM)?

The current price of Kusama (KSM) in INR is ₹3,259.80 INR.

What is the current KSM market cap?

The current market capitalization of Kusama (KSM) is ₹51,89,36,27,571.90 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of KSM by the number of coins in circulation.

What is the current supply of Kusama (KSM)?

The current supply of Kusama (KSM) is 15826477.62 KSM. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Kusama (KSM)?

The 24-hour trading volume of Kusama (KSM) in INR is ₹9,77,34,31,585.20. This figure represents the total value of all KSM transactions across various exchanges within the last 24 hours.

How to Buy Kusama (KSM) in India?

To buy Kusama (KSM) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in KSM.

Can I buy Kusama (KSM) with UPI?

Yes, you can buy Kusama (KSM) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Kusama (KSM) to Indian Rupee (INR)?

To convert Kusama (KSM) to Indian Rupee (INR), you can use our KSM/INR conversion rates in real time.

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