Kusama

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Project overview

Launched in May 2019, Kusama serves as Polkadot’s “canary network,” offering a scalable, multi-chain framework with an emphasis on speed, lower governance barriers and shared security. This makes it ideal for testing new decentralised applications and blockchain solutions.

Initially launched as a testing environment for Polkadot, Kusama has evolved into a standalone project with its own native token, community and development team. Its ecosystem now features various sector-specific applications and blockchains built using the Substrate SDK.

Technology

Polkadot and Kusama share the same consensus mechanism (Nominated Proof-of-Stake), architecture (parachains connected to the relay chain) and governance model.

Parachains are specialised chains that run alongside Kusama’s main network, the relay chain. They play a key role in Kusama’s economy and are selected through parachain slot auctions that determine which one gets to connect to the relay chain. Winning a slot requires locking up Kusama (KSM) tokens for the lease durations, which can be up to two years. This mechanism ensures that only credible projects with substantial backing and confidence from the community get a slot.

Kusama’s BEEFY upgrade was launched to enhance its interoperability with Ethereum and other non-EVM compatible networks.

Token supply model

Kusama’s token supply model is designed to reward active network participation through staking and the funding of its on-chain treasury. It has an inflationary token model with a 10 percent fixed annual inflation rate and no capped supply.

The percentage of staked KSM tokens will alter how newly issued tokens get distributed. Kusama validators can get all 100 percent of the freshly issued token rewards, but only if 50 percent of all KSM tokens are staked. Any deviations from the 50 percent and a portion of the newly issued tokens will be sent to the treasury.

The Kusama treasury acts as the financial reserve, and funds are used on activities to generate value for the ecosystem. Like Polkadot’s treasury, if token funds are not spent after a 24-day spend period, 1 percent are burned.

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Disclaimer:

The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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