How to Buy KASPA (KAS)

Considering the cryptocurrency market’s highly erratic and unstable characteristics, providing a precise KAS coin price prediction over time is unattainable. However, you could monitor the following factors to understand price action in KASPA coin:

On-chain Activity

Increased dApp development and deployment activity could increase the market’s demand for the $KAS coin. As the KASPA ecosystem expands to support more applications, the number of users on the network could also increase, further supporting the KAS to USD price in the crypto market.

Future Developments

When the KASPA community rolls out more upgrades that increase the network’s efficiency, investor confidence in its native token also receives a boost. In addition to network upgrades, news of partnerships and significant investments could also play an important role in strengthening the KASPA value.

Market Outlook

A favorable outlook among investors toward cryptocurrencies in general and key sectors such as web3 could also contribute to an uptrend in the $KAS price. When investors trade the market with a bullish mood, higher buying activity supports the KASPA price. However, a bearish or risk-averse sentiment could weaken the KAS price in the market.

KAS is the native crypto asset of the KASPA network. Here are some of its key use cases:

Native Currency

KAS is the native currency used to pay for all on-chain transactions taking place on the KASPA network. It is used to execute smart contracts, pay transaction fees, and interact with dApps within the ecosystem.

Mining

As the native crypto asset of a PoW network, $KAS can be mined by users who wish to contribute to KASPA’s consensus mechanism. It incentivises miners who help validate transactions and add new blocks to the network, and is distributed as mining rewards.

Crypto Asset to Trade and HODL

You can trade KASPA crypto against other digital assets to take advantage of the ever-changing market conditions and volatility. Buy or sell KAS on KuCoin Spot Market, or hold it long-term if you believe in the future potential of the KASPA project. Remember to approach any investment decision cautiously and conduct comprehensive research on the project, its underlying principles, and its market potential.

Mining KASPA involves using kHeavyHash, a modified form of the “optical-miner” ready HeavyHash algorithm. It utilizes matrix multiplication framed into 2 keccacs and is energy efficient, core dominant, and can be successfully mined by GPU, FPGAs, and future specialized mining equipment.

Here’s how you can mine KAS:

1. Obtain a KASPA wallet address to receive mining rewards. Create an account if you are new to the network.

2. Choose a mining pool from available options. KASPA can be mined through different pools such as Woolypooly, 2Miners, F2Pool, among others

3. After selecting a pool, configure your mining software, e.g., BzMiner, Hive OS, and others.

4. Start mining and check your statistics by visiting the mining pool's website. The pool will display the full mining report, including the hardware hashrate, mining rate, and profitability.

KASPA’s max supply is fixed at 28.7 billion coins, with an emission schedule that halves annually. As of May 2023, the circulating supply of KAS is a little over 18 billion coins.

The KASPA Monetary Policy has two phases: the Pre-deflationary Phase and the Deflationary Phase. The Pre-deflationary Phase began at the mainnet start on November 7th, 2021, and ended on May 8th, 2022. During this phase, the reward rate was initially random for 1 to 1000 KAS per block for the first two weeks, then settled at a fixed rate of 500 KAS per block. The transaction fee during this phase was calculated as 0.0001 KAS per UTXO.

The Deflationary Phase started on May 8th, 2022, and is expected to continue until 2111. During this phase, the block reward will decrease by 1% annually, eventually leading to a fixed supply of 42 million KAS tokens. The transaction fee during this phase will be calculated as 0.00001 KAS per UTXO.