اقتصاد توکنی Kaspa (KAS)

Kaspa (KAS) is a decentralized, open-source, Proof-of-Work (PoW) blockchain with a unique blockDAG architecture. Its token economics are designed to maximize decentralization, transparency, and community participation. Below is a comprehensive breakdown of its token economics, including issuance, allocation, usage, incentives, and locking mechanisms.

Issuance Mechanism

• Proof-of-Work Mining:
  KAS is issued exclusively through PoW mining. Miners validate transactions and add blocks to the blockDAG, receiving newly minted KAS and transaction fees as rewards.
• Block Reward Schedule:
  • Initial Reward: 500 KAS per block at launch (November 7, 2021).
  • Halving Mechanism: The block reward decreases geometrically each month by a factor of (1/2)^(1/12), resulting in a gradual reduction in new supply.
  • Current Reward: As of February 26, 2024, the block reward is 81 KAS per block.
  • Maximum Supply: The total supply is capped at 70 billion KAS, expected to be fully mined around 2057.
• No Premine or Pre-allocation:
  Kaspa was fair-launched with no premine, no pre-sale, and no team or investor allocations.

Allocation Mechanism

• Community Fundraising:
  • Conducted via public campaigns for specific development or ecosystem needs.
  • Funds are held in a 2/4 multi-signature wallet managed by elected community treasurers.
  • Example: ~70.23 million KAS (~0.24% of max supply) raised for DAGKnight consensus development.

Usage and Incentive Mechanism

• No Staking or Liquidity Provision:
  Kaspa does not support staking or liquidity provision. All incentives are PoW-based.

Locking Mechanism

• No Locking or Vesting:
  There are no token locks, vesting schedules, or unlock events for KAS. All tokens are distributed through mining and are immediately liquid upon receipt.

Unlocking Time

• Not Applicable:
  Since there are no locked or vested tokens, there are no scheduled unlocks or vesting events for KAS.

Summary Table

Additional Notes

• Decentralization:
  Kaspa’s design ensures no central governance, no privileged users, and all decisions are made via open community processes.
• Transparency:
  All fundraising and treasury activities are managed by elected community members and are publicly auditable.
• Security:
  The network is secured by PoW miners using the kHeavyhash algorithm, with rewards decreasing over time to control inflation.

Kaspa’s token economics are among the most transparent and community-driven in the industry, with a strict adherence to fair launch principles and no hidden allocations or lockups. All value accrues to miners and the broader ecosystem through open participation and transparent governance.