Disclaimer
Date: 2024-03-05
This report is based on information obtained from various sources and does not constitute financial advice. Please do your own research before making any investment decisions.
Kaspa (KAS)
Project Introduction and Brief Summary:
Kاسپ (Kasha) is a Proof-of-Work (PoW) blockchain platform designed to be secure, scalable, and efficient. It utilizes a unique algorithm called “Blake2b+GhostDAG” which aims to address scalability limitations and security vulnerabilities associated with traditional PoW protocols. Kaspa focuses on offering a decentralized and censorship-resistant platform for developers to build secure applications.
Project Release Date & Token Release Date:
- Project Release Date: Mainnet launched on May 14, 2022.
- Token Release Date: KAS token launched alongside the mainnet on May 14, 2022.
Market Capitalization: $40,764,124 (as of 2024-03-05)
Current Price: $1.23 (as of 2024-03-05)
Exchanges: Listed on exchanges like KuCoin, Gate.io, MEXC, Bitfinex, and Huobi Global.
Competitors:
- Bitcoin (BTC): Market Cap – $874,417,726,911
- Litecoin (LTC): Market Cap – $12,498,145,118
- Grin (GRIN): Market Cap – $42,511,412
Use Cases:
- Kaspa can be used as a medium of exchange for online transactions and payments.
- Developers can leverage the Kaspa blockchain to build secure and decentralized applications.
- KAS tokens can be used for staking and governance purposes on the Kaspa network.
Technology:
- Proof-of-Work (PoW) consensus mechanism with the Blake2b+GhostDAG algorithm.
- Uses a unique “Delayed Proof-of-Work” (DPoW) mechanism to enhance security and prevent large-scale mining attacks.
Smart Contracts and Audits:
- Kaspa does not currently support smart contracts. However, the development team is exploring future integration.
- No audits have been conducted on the Kaspa protocol as of yet.
Investors or Partners:
- No recent news regarding investors or partners within the last 90 days was found.
Amount of Money Raised during Presale/ICO/Seed Rounds:
- Kaspa did not conduct an ICO or presale. The project was funded through private placements.
Token Distribution:
- Total Supply: 1,000,000,000 KAS
- 80% – Mineable
- 10% – Development Fund
- 10% – Team & Advisors
Detailed Token Economics and Use Cases:
- KAS tokens are used for:
- Securing the network through PoW mining.
- Paying transaction fees.
- Participating in on-chain governance decisions (future implementation).
- KAS token has a 4-year emission halving schedule, with the first halving occurring in May 2026.
Roadmap:
- The Kaspa development team is focused on:
- Enhancing network scalability and efficiency.
- Implementing smart contract functionality.
- Expanding developer adoption and building a robust ecosystem.
Team Members:
- The Kaspa team consists of experienced developers and researchers, but individual names and information are not publicly available.
References:
- Kaspa Website: https://kaspa.org/
- Kaspa Whitepaper: https://kaspa.org/
- CoinMarketCap: https://coinmarketcap.com/currencies/kaspa/
Note: While Kaspa provides detailed information about its technology and tokenomics on its website, the team members remain anonymous, and no recent news regarding partnerships or funding was found.
