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Kusama (KSM) is now available on Liquid Exchange

Liquid is proud to announce yet another powerful project coming to our trading platform. Kusama (KSM) is now available to trade on Liquid Exchange.

Liquid is proud to announce yet another powerful project coming to our trading platform. Kusama (KSM) is now available to trade on Liquid Exchange.

What is Kusama?

Kusama is a scalable network of specialized blockchains built using Substrate.

Recently, Kusama has attracted a lot of attention. Sitting at #23, according to CoinGecko, with a market cap of over $4.700 billion, the project is quickly rising the ranks.

Kusama is a Polkadot “cousin” created by the Co-founder of Polkadot and utilized approximately the same codebase.

The main aim of Kusama is to create an environment pleasant to test innovative or fast-building projects and make the pre-check before deploying startups on Polkadot.

Participants can play around with incentives and even use the network’s on-chain governance and treasury to foster community interest and involvement.

Official Website | Official Telegram | Official Riot Chat | Kusama User Guide

Deposit and Trading competition

In the exciting news of Kusama listing, we will be launching a deposit and trading competition with a $5,000 prize pool!

Starting date: 5th of April! Learn more about the competition here.

If you do not have a Liquid account, you can sign-up for the account here.

Invite friends to participate and earn an additional 30% commission from their trade fees.

What are the use cases of Kusama (KSM)?

The initial use case for Kusama is as a pre-production environment, a “canary network.” Building on Kusama first allows teams to test things out in a live, fully decentralized, and community-controlled network with real-world conditions and lower stakes in the event of problems or bugs that can occur on Polkadot.

Kusama may become a perfect environment for ambitious experiments with new ideas and innovations in governance, incentives, monetary policy, and DAOs (decentralized autonomous organizations).

Nonfungible tokens (NFT) application

Many of Kusama’s initiatives share a common goal of deploying NFTs on Polkadot for art, music, and gaming applications.

While most of the NFT market currently exists on Ethereum, exorbitant gas fees have been problematic for retail users, prompting them to explore other blockchains. Kusama is thus looking to pave the way for cross-chain adoption and ease much of this congestion.