What is Kusama (KSM)?
Kusama is a popular network that has been making waves in the crypto world since 2019. It was launched by the team behind Polkadot. Kusama is often referred to as a 'canary network' for Polkadot, which means that it is a test network for Polkadot's technology.
Kusama is unique in several ways. Firstly, it is designed to be a more experimental version of Polkadot. This means that developers can test new ideas and features on Kusama before implementing them on Polkadot. Secondly, Kusama has a faster development cycle than Polkadot, which means that new features can be implemented more quickly. Finally, Kusama is designed to be more community-driven than Polkadot, which means that the community has more say in the direction of the project.
How Kusama (KSM) Works
Kusama is built on a unique multi-chain architecture that allows it to support multiple blockchains simultaneously. Each blockchain on Kusama is called a 'parachain' and is designed to be interoperable with other parachains. These parachains communicate with each other through a central relay chain that is responsible for coordinating transactions and ensuring their validity.
One of the key benefits of this architecture is that it allows Kusama to support a wide range of use cases and applications. Because each parachain can be customized to meet the specific needs of a particular use case, developers have a great deal of flexibility and control over how their applications are built and deployed.
Additionally, Kusama's multi-chain architecture allows for greater scalability and throughput than traditional blockchain platforms. By supporting multiple blockchains, Kusama is able to process a much larger volume of transactions than a single-chain platform could handle. This makes it well-suited for applications that require high levels of throughput, such as financial applications or gaming platforms.
How Many Kusama (KSM) Tokens Are in Circulation?
KSM does not have a hard cap on total supply. 8,470,098 KSM tokens are in circulation.
How to Buy Kusama (KSM)
Consider investing in FC KSM (KSM)? It only takes 2 minutes to create an account on Bitget and start trading KSM.
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Kusama (KSM) Resources
Simple 3-step guide to buying KSM today in Canada
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Kusama using a payment method of your choice:
Buy Kusama with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Kusama order.
How to buy crypto with credit/debit cardBuy Kusama with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Kusama is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Kusama order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Kusama order.Buy Kusama with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Kusama order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Kusama in your Bitget spot wallet
Bitget—where the world trades Kusama
How to buy Kusama for free
- Learn how to earn Kusama for free through the Learn2Earn promotion
- Earn free Kusama by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Kusama airdrops by joining ongoing challenges and promotions
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