交易所DEX+

在 MEXC 上探索 Kaspa（KAS）的代幣經濟。了解 KAS 代幣的總供應量、分配機制、流通市值、交易量等資訊，實時掌握市場動態！在 MEXC 上探索 Kaspa（KAS）的代幣經濟。了解 KAS 代幣的總供應量、分配機制、流通市值、交易量等資訊，實時掌握市場動態！

Kaspa（KAS）代幣經濟學

深入了解 Kaspa（KAS），包括其代幣供應、分配模型以及實時市場數據。

更新時間：2025-11-05 13:10:28 (UTC+8)

匯率

USD

Kaspa（KAS）代幣經濟學和價格數據分析

快速了解 Kaspa（KAS）的代幣經濟數據，包括市值、供應量、FDV 和歷史價格，幫助您輕鬆掌握幣種現狀與市場表現。

市值：

$ 1.21B

$ 1.21B$ 1.21B

總供應量：

$ 26.88B

$ 26.88B$ 26.88B

流通量：

$ 26.88B

$ 26.88B$ 26.88B

FDV (完全稀釋估值)：

$ 1.29B

$ 1.29B$ 1.29B

最高價：

$ 0.207914

$ 0.207914$ 0.207914

最低價：

$ 0.000169882220013181

$ 0.000169882220013181$ 0.000169882220013181

目前價格：

$ 0.044837

$ 0.044837$ 0.044837

了解更多 Kaspa（KAS）價格

Kaspa（KAS）資訊

Kaspa 是世界上最快、開源、去中心化且完全可擴展的 Layer-1。世界上第一個 blockDAG——一個支持並行塊和即時交易確認的數字分類賬，建立在一個強大的工作量證明引擎之上，具有快速的單秒塊間隔。

幣種官網：

https://www.kaspa.org

幣種白皮書：

https://eprint.iacr.org/2018/104.pdf

區塊查詢：

https://explorer.kaspa.org/

Kaspa（KAS）深度代幣結構解析

深入了解 KAS 的代幣發行、分配與解鎖機制。本部分涵蓋代幣用途、激勵模式和解鎖計劃。

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

Issuance Mechanism

Aspect	Details
Consensus	Proof-of-Work (PoW) using the kHeavyhash mining algorithm
Block Reward	Initially 500 KAS per block; as of Feb 2024, ~81 KAS per block (subject to monthly halving)
Halving Schedule	Block reward decreases geometrically each month by a factor of (1/2)^(1/12)
Max Supply	~70 billion KAS (to be mined by ~2057)
Fair Launch	No premine, no pre-sale, no team or advisor allocation
Mining Hardware	GPUs and FPGAs supported; mining pools available

Emission Schedule: The emission is strictly through mining rewards, with no pre-allocated or pre-mined tokens. The block reward halves monthly, ensuring a predictable and deflationary supply curve until the maximum supply is reached.

Allocation Mechanism

Aspect	Details
Initial Allocation	0% to team, advisors, or investors; 100% to miners and the community
Community Funding	Occasional crowdfunding for development/marketing, managed via multi-sig community wallet
Top Holders	As of Feb 2024, top 10 wallets hold ~13.7% of supply; no superuser privileges

Crowdfunding: Community initiatives (e.g., development, marketing) are funded through transparent, public crowdfunding campaigns. Funds are managed by elected community treasurers via a 2/4 multi-signature wallet.

Usage and Incentive Mechanism

Use Case	Description
Peer-to-Peer Payments	KAS is used for direct value transfer and as a store of value
Transaction Fees	All network fees are paid in KAS and go to miners
Mining Rewards	Miners receive newly minted KAS and transaction fees as incentives
No Staking	There is no staking or liquidity provision mechanism; all incentives are PoW-based
DAO Participation	KDAO token (separate from KAS) governs Kaspa DAO, which funds ecosystem projects

Incentives: The primary incentive is mining, rewarding miners for securing the network. There are no dividends, interest, or liquidity rewards for simply holding KAS.

Locking Mechanism

Aspect	Details
Token Locking	No protocol-level token locking for KAS
Crowdfunding	Funds for development are held in multi-sig wallets until released for specific purposes
DAO Governance	KDAO token (not KAS) may have locking for governance, but not for KAS itself

No Staking/Locking: Kaspa does not implement staking, vesting, or protocol-enforced token locks for KAS. All tokens are liquid upon mining or receipt.

Unlocking Time

Aspect	Details
Unlocking	No vesting or unlocking schedule; all mined tokens are immediately liquid
Emission Timeline	New KAS is issued via mining until ~2057, following the emission schedule

No Vesting: There are no vesting cliffs, lockups, or scheduled unlocks for KAS. The only "unlocking" is the gradual mining of new coins per the emission curve.

Summary Table

Mechanism	Description
Issuance	PoW mining, monthly geometric halving, no premine, max supply ~70B by 2057
Allocation	100% to miners/community, no team/advisor/investor allocation, community crowdfunding
Usage/Incentive	Payments, transaction fees, mining rewards, no staking, DAO governance via separate token
Locking	No protocol-level locking or vesting for KAS
Unlocking	No vesting/unlocking; all tokens liquid upon mining

Additional Notes

Governance: Kaspa is open-source and community-driven. Proposals and funding for ecosystem projects are managed via Kaspa DAO (KDAO token), with transparent, on-chain voting.
Security: The network is secured by PoW miners using the kHeavyhash algorithm and a blockDAG structure for scalability and speed.
No Centralization Risks: No superuser privileges, no centralized control over token supply or distribution.

Implications and Context

Kaspa’s token economics are designed for maximum decentralization and fairness, closely following the ethos of Bitcoin but with technical innovations for scalability. The absence of premine, team allocation, or staking mechanisms means that all value accrues to miners and the broader community. This model minimizes centralization risks and aligns incentives for network security and growth.

The emission schedule ensures a long-term, predictable supply curve, while the lack of protocol-level locking or vesting means that all tokens are immediately usable, supporting liquidity and utility. Community-driven funding and governance further reinforce Kaspa’s decentralized nature.

Kaspa’s token economics exemplify a pure PoW, fair-launch model, prioritizing decentralization, transparency, and community empowerment.