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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| KSM | -43.74% | -62.37% | -17.76% | +73% |
| S&P | +14.5% | +93.32% | +14.09% | +123% |
Kusama (KSM) is an experimental blockchain network designed to facilitate rapid innovation and testing of new blockchain projects before they are deployed on Polkadot. It uses a similar codebase and infrastructure as Polkadot, allowing developers to experiment with fewer constraints. The KSM token is essential for network operations, including staking, governance, and bonding for parachain creation. Founded by Gavin Wood, Kusama serves as a crucial testing ground for the broader Polkadot ecosystem.
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