Some time ago, a KAS craze swept the cryptocurrency world, re-drawing the market’s attention to the PoW track. Since the beginning of this year, the computing power of the KAS network has continued to rise, and it has become one of the favorite currencies of GPU miners in one fell swoop. KAS, which is emerging in the cryptocurrency market, has also begun to show its unknown side to more cryptocurrency investors.
KAS (Kaspa) is based on the GhostDAG/PHANTOM protocol, which is a scalable generalization of the Satoshi Nakamoto consensus. It follows the principles of Satoshi Nakamoto’s design of Bitcoin-workload proof mining, UTXO-formed isolated state, and deflationary currency Policy, no premine and no central governance. Since Kaspa can achieve extremely high block rate and almost instant on-chain transactions, it has also become one of the fastest PoW projects on the market.
Kaspa’s native token KAS has a maximum supply of 28.7 billion pieces and will be released in November 2021 with no pre-mining, no token distribution and zero pre-sale. According to Kaspa official website information, KAS is 100% decentralized and open source, and managed by the community. CoinEx, a global cryptocurrency asset trading platform, is one of the earlier platforms that supported KAS transactions. As early as November 2022, CoinEx will list KAS and openly support the AMM function.
According to the market data on the CoinEx official website, as of May 8, 2023, KAS has increased by 494.98% in the past six months.In addition, intercepting the data on May 8, 2023, the 7-day annualized rate of return of KAS AMM is70.75%(The data are for reference only and do not constitute investment advice). It can be seen that after CoinEx launched KAS in November last year, cryptocurrency users who traded on the platform and held positions until KAS “exploded” also accumulated a certain amount of wealth with the help of CoinEx’s preferred listing currency.
While KAS is getting hot attention from the market, CoinEx announced the launch of the KAS airdrop event at the airdrop station, airdropping 100,000 KAS to eligible users on the station. According to official data, although the number of KAS airdrops is only 2,000, there are still more than 4,000 users actively participating, and the activity is very popular. It is worth mentioning that since the launch of the CoinEx airdrop station, CoinEx has held airdrop activities from time to time according to the project market popularity and community voting. The launch of the KAS airdrop activity by CoinEx this time is also based on the recent project popularity and user attention of KAS. Hope Take the last share of the platform users who did not catch the KAS boom in time, and help them win free tokens while learning about the project.
For a long time, CoinEx insists on listing high-quality coins, continuously explores industry potential and innovative projects, and provides platform users with more high-quality and innovative cryptocurrency asset trading options. According to data from the CoinMarketCap website, as of May 8, 2023, in terms of the number of supported Crypto assets and trading markets, CoinEx ranks eighth among the global cryptocurrency asset trading platforms, and has firmly ranked the industry’s top level in terms of listing coins.
In the past year’s development, CoinEx’s trading volume and listing volume have repeatedly broken new highs. In 2022, the cumulative trading volume of coins and contracts on CoinEx’s entire site will reach 243.3 billion US dollars, and the highest single-day trading volume of the entire site will reach 2.3 billion US dollars; At the currency level, so far CoinEx has supported more than 700 crypto currency assets and more than 1,100 trading markets, providing simple and convenient crypto currency asset trading services for 4.5 million cryptocurrency users in more than 200 countries and regions around the world.
All kinds of data and achievements also show that CoinEx not only continues to select innovative potential cryptocurrency assets for users at the level of currency listing, helping users to take the first step to seize market opportunities, but also has been optimizing platform products and upgrading user services. In the future, CoinEx will continue to screen and launch more “KAS” to help platform users obtain wealth codes first.