1. Project introduction

Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers. Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot.

By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.” The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.

Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.

2. Team introduction

Kusama was built by the same team that created Polkadot, a company known as Parity Technologies.

Founder: Gavin Wood

Linkedin: https://www.linkedin.cn/incareer/in/gavin-wood-88843316/

3. Investment institution

NGC Ventures, 1Confirmation, Placeholder VC, etc.

4. Application and distribution

Total supply: 10 million

Token application:

(1) Validate the network

(2) Nominate validators

(3) Bond parachains or parathreads

(4) Vote on governance referenda.

Token distribution:

The initial KSM token distribution mirrors Polkadot’s DOT token. Those who bought DOT in the sale also receive an equal share of KSM. However, unlike Polkadot, Kusama has not increased its circulation of KSM through redenomination.