About Kusama (KSM)
Kusama (KSM) is a blockchain network designed to support experimentation and early-stage deployment of decentralized applications and custom blockchains. It provides a scalable environment for developers to test and refine projects before launching them on more production-focused networks.
The platform operates as a canary network for Polkadot, offering similar technical features while prioritizing speed and flexibility. Kusama is built using Substrate, a blockchain development framework that allows creators to launch independent blockchains known as parachains. These parachains are customizable and can be tested within Kusama’s environment before being considered for deployment on the Polkadot network.
Kusama plays a role in advancing the development of interoperable blockchain systems, enabling developers to experiment with governance models, runtime upgrades, and new features in a real-world setting with fewer restrictions.
KSM is the native token of the Kusama network. It is used for staking, governance, bonding parachains, and paying transaction fees within the ecosystem.
Kusama was launched by the same team behind Polkadot, including Gavin Wood, co-founder of Ethereum and founder of Parity Technologies.
As of now, Kusama has a total and circulating supply of 17.51 million KSM, with no maximum supply limit.
KSM is listed on Binance for trade and purchase. KSM price is updated and available in real time on Binance.