Convert KSM to USD
List of cryptocurrencies and tokens supported by PassimPay crypto wallet. Secure storage for a variety of digital assets.
btcBitcoin
tonToncoin
ftnFasttoken
ltcLitecoin
busdBinance USD
ethEthereum
bchBitcoin Cash
zecZcash
dogeDogecoin
bnbBinance Coin
pepePepe
usdtTether
trxTron
usdcUSD Coin
xrpRipple
usddUSDD
notNotcoin
eosEOS
adaCardano
shibShiba Inu
dashDash
hftHashflow
dydxdYdX
linkChainlink
aaveAave
crvCurve DAO Token
achAlchemy
flokiFloki
maticPolygon
daiDai
nearNEAR Protocol
atomCosmos
twtTrust Wallet
dotPolkadot
avaxAvalanche
flowFlowksmKusama
bonkBonk
solSolana
dogsDogsWhat is Kusama?
The project was created in 2016 by the creators of Polkadot: G. Wood, R. Habermayer, and P. Chaban. Wood was previously part of the Ethereum team and is the author of Solidity, a specialized language for developers to create decentralized applications. The Kusama network started working in the spring of 2019 and operates in parallel with Polkadot. The code and structure are the same, but Kusama has faster functionality.
Some consider the KSM cryptocurrency to be a typical test platform. It is capable of replacing Polkadot, having significantly improved speed performance. The system helps to test new technologies, implement advanced developments, and prepare for the launch of applications through Polkadot.
Key features of KSM
One of the main features of a good coin is its unique parameters. This cryptocurrency is a public pre-production environment used by Polkadot. This allows each developer to conduct experiments and test new applications and blockchains before launching them on the main network. It's like a "sandbox" for programmers, where they test initial versions of blockchain projects using real modern cryptocurrency. Coins are available for trading on open markets. By the way, with PassimPay, you can easily convert KSM into over 45 currencies and coins. Quickly, safely, and with low fees.
Before releasing official updates for Polkadot, they are tested using Kusama. This tool helps to facilitate testing and provides developers with the necessary flexibility. Other features include:
- high network speed
- easy validator setup
- scalability
- community management
- a high level of security.
Circulating supply
The approximate total supply of KSM coins is around 10 million, with 9 million currently in circulation. There is no maximum supply as there is a 10% annual inflation rate. The distribution of new coins depends on the existing share of KSM in staking. Validators regularly receive new coin supplies. KSM is a governance coin used to pay transaction fees, support the platform, and pay out rewards for inflation. The coins are also available for use in bond issuance to support the creation of new parachains.