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Look for an exchange that supports both fiat and cryptocurrency to simplify buying Kusama.
In the words of the development team, "Kusama is an early, unaudited and unrefined release of Polkadot." It's basically a live version of a test network for Polkadot, where parachains, dapps and staking can be done for a fraction of what it would cost to do on Polkadot. Features intended for Polkadot are first rolled out on Kusama, which has made it appealing to some as an experimental economy that may continue to hold value over time. The KSM token is used for staking on the network, which allows stakers to launch Validator or Nominator nodes – these are used to secure the parachains and the Kusama relay chain respectively. In return for staking, users are rewarded with additional KSM tokens. Tokens may also be used for governance and voting on upgrades to the protocol.
Kusama (KSM) is the 54th largest cryptocurrency in the world by market cap, valued at $3,426,754,111. The current price of Kusama is $381.53, which is 3.738% higher than yesterday. Prices have ranged between $385.43 and $367.79 over the past 24 hours. All prices are listed in US dollars and accurate as of October 21, 2021 10:10 UTC.
| Coin symbol | KSM |
|---|---|
| Coin Marketcap | US$3,426,754,111 |
| Total KSM supply | 10,000,000 |
| Circulating KSM | 8,980,098 |
| Current price | US$381.53 |
| All time high | US$621.71 |
| Notable team members | Gavin Wood |
| Partnerships | Polkadot |
| Industry | Blockchain platform |
| Token uses | Governance |
| Network | Kusama |
Historical prices compared with the price of US$381.53.
| 1 hour | 0.32% |
|---|---|
| 24 hours | 3.74% |
| 7 days | 4.70% |
| 14 days | 14.45% |
| 30 days | 15.04% |
|---|---|
| 60 days | 15.70% |
| 200 days | -13.39% |
| 1 year | 1,272.34% |
You can cash out your KSM with the same exchange you bought it through:
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