Recently, the KAS craze has swept through the crypto space, which has once again sparked market interest in the PoW category. The KAS hashrate has kept rising since 2023 kicked off, making it one of the favourite coins among GPU miners. As KAS gains traction in the crypto market, more and more investors have learned the little-known aspects of the project.
Kaspa (KAS) is built on the GhostDAG/PHANTOM protocol, a scalable generalization of Nakamoto consensus. The project’s design is faithful to the principles Satoshi embedded into Bitcoin — proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no pre-mine, and no central governance. With high block rates and almost instant on-chain transactions, Kaspa has become one of the fastest PoW projects out there.
Kaspa’s native token, KAS, comes with a total supply of 28.7 billion and was released in November 2021 with no pre-mine, no pre-sales, and no coin distribution. According to the Kaspa website, KAS is 100% decentralized and open-source and is managed by the community. CoinEx, a global crypto exchange, is one of the earliest platforms to list KAS. The exchange introduced KAS trading back in November 2022, with support for AMM.
Data from the CoinEx website indicates that, as of May 8, the KAS price has surged by 494.98% in the past six months. In addition, the 7-day APY of KAS AMM stands at 70.75%, as of May 8 (the figures are for reference only and do not constitute financial advice). Since KAS’ listing on CoinEx last November, crypto users who purchased KAS and held onto the coins until the KAS boom have made handsome profits through CoinEx’s premier crypto options.
As KAS captures the crypto spotlight, CoinEx announced a KAS airdrop campaign, distributing 100,000 KAS coins to eligible users. According to official data, although it only offered 2,000 spots, the event sparked extensive enthusiasm, attracting more than 4,000 participants. It is noteworthy that ever since the CoinEx Airdrop Station went live, the exchange has introduced airdrops from time to time in light of market popularity and community voting results. The KAS airdrop, for example, is also based on the craze for KAS in the crypto space. Bringing benefits to CoinEx users who had missed out on the KAS boom, the airdrop events allowed users to learn more about this trending project while earning free coins.
Since its inception, CoinEx has made consistent efforts to list quality coins, identify innovative projects, and explore the potential of the crypto industry, providing users with the best trading options. According to CoinMarketCap, as of May 8, CoinEx ranks eighth globally by the number of cryptos and trading markets supported, making it one of the top exchanges in terms of coin listing.
In 2022, CoinEx set new records in both trading volume and listings, with a cumulative trading volume of $243.3 billion and a 24-hour peak volume of $2.3 billion. With over 700 cryptos and 1,100 trading markets supported, CoinEx provides easy, convenient trading services for over 4.5 million users across 200+ countries and regions.
These achievements highlight CoinEx’s commitment to offering innovative, promising cryptos to help users stay ahead. Meanwhile, the exchange has kept perfecting its products and upgrading user services. Going forward, CoinEx plans to identify and list more coins like KAS to help its users seize a first-mover advantage in the market.
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