Kaspa

Kaspa

KAS #74
BB 67% L1 Protocol
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Project Safety Score: 67%

Updated 10 minutes ago
KaspaKAS
Market Cap$924772393
24hr Volume$19885166
24hr Change0.7%
Price$0.03373783
Coverage: 6 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track Record
90 AA
100% · medium
Economic Design
100 AAA
100% · high
Developer Health
27 D
100% · medium
Network Security
70 BBB
100% · medium
Social Behavioral
67 BB
75% · low
Adoption Liquidity
46 CC
100% · high

Community Rating

4.0 / 5 · 1 vote
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KAS Kaspa Details
Type
smart_contract_token
Launched
2021
HQ
Unknown
Team
Anonymous
Smart Contract PlatformLayer 1 (L1)WalletsProof of Work (PoW)Kaspa EcosystemMade in USADirected Acyclic Graph (DAG)

Kaspa was launched in November 2021 and is managed entirely by its community, featuring no pre-mine or pre-sale components. The project utilizes a proof-of-work consensus mechanism and employs the BlockDAG protocol known as GHOSTDAG, positioning itself as a potential sequencer for both traditional finance and decentralized crypto markets.

The network prioritizes hard money principles and emphasizes security, claiming to achieve significant market hashrate protection with a fifty percent security threshold. Kaspa’s architecture supports rapid block generation, allowing for faster block speeds than other proof-of-work or proof-of-stake networks. It also facilitates smart contract development through based-rollups and incorporates various features such as Reachability for querying the DAG's topology and block data pruning, which may ease future layer two implementations.

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 90 out of 100 (AA).
Kaspa has a strong track record, having been operational for 5.3 years without any regulatory actions or historical incidents. These clean records enhance confidence among stakeholders and indicate a mature project that has effectively navigated its early years.

Economic design score 100 out of 100 (AAA).
The economic design of Kaspa is robust, with a clearly defined supply cap of 28,704,026,601 tokens. Importantly, 100% of the total supply is already circulating, showcasing a well-structured tokenomics that can support confident investor participation.

Developer health score 27 out of 100 (D).
The developer health score indicates some concerns, particularly with no recent commits in the last four weeks, which may suggest a lack of ongoing active development. While there are a total of 525 GitHub stars and 241 forks, the absence of recent contributions raises questions about the project's technical momentum.

Network security score 70 out of 100 (BBB).
Kaspa displays a satisfactory network security score, bolstered by its 5.3 years of operation without historical incidents. However, the economic security component, linked to a market cap of approximately $924.8 million, suggests that while the project is stable, there is room for improvement in safeguarding against market vulnerabilities.

Social behavioral score 67 out of 100 (BB).
The social behavior score reflects a mixed picture. While sentiment around Kaspa is overwhelmingly positive, with 95% favorable feedback, allegations regarding scams cloud the project’s reputation. Its social audience is sizable, especially on Telegram, indicating active community engagement despite the presence of some negative press.

Adoption and liquidity score 46 out of 100 (CC).
Kaspa's adoption and liquidity score is moderate, with a daily trading volume of nearly $19.9 million and extensive listings on 47 centralized exchanges. However, the market cap tier indicates that it may not yet be a leading cryptocurrency, suggesting potential challenges in gaining wider adoption.

Inherent risks associated with Kaspa are notable, particularly given the reported scam allegations, developer activity concerns, and moderate adoption dynamics. While the project has demonstrated strong fundamentals, investors should weigh these risks carefully against its solid track record and economic design.

View whitepaper ↗ (2021)
Quality: high
Max supply: 28,704,026,601
  • 0.6
    Kaspa faces scam accusations despite transparent emissions and open-source proof-of-work model.
    AINVEST · source ↗
  • No pre-mine, ICO, or venture capital funding ensures a fair distribution model.
  • Open-source codebase allows for independent audits and forks.
  • No recent code commits
  • Public scam allegations have been raised
  • Lack of publicly available audit reports raises regulatory concerns.
  • Absence of transparent auditing creates potential regulatory vulnerabilities.

Price Chart - Kaspa

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100%
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Data completeness
No missing data
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$0.21
All-Time Low$0.0002
Circulating27409887941
Total Supply27410135107

Community Sentiment

👍 95% 5% 👎

Crypto Fear & Greed Index

Crypto Fear & Greed Index Source: alternative.me

Kaspa Stories

Reddit

r/Kaspa →

Developer Activity

GitHub stars⭐ 525
Forks241
Watchers57
PRs merged1693
View on GitHub →

Kaspa GitHub