Kusama is a part of Polkadot, functioning as the sandbox pre-production enviroment for the blockchain. It allows developers to test and experiment with new blockchains or applications before the final release. Thus, a project can gain traction and become stable before it officially launches, as transactions are still executed on the blockchain.
The platform mimics Polkadot’s design features, even parachains, which can be customized for any use and relay to the main chain for security.
The Kusama network uses Kusama Relay Chain, where users can stake the Kusama coin KSM to act as validators, who validate data in parachain blocks, and nominators, who secure the Relay Chain by selecting trusted validators.
How To Buy Kusama or Add it to your Strategy
The fastest, most convenient way to purchase Kusama is to purchase it on ICONOMI. We check Kusama live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Kusama by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Kusama is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Kusama, we recommend you read the next section, as copying might be a better approach.
Add Kusama to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Kusama in their structure.