#BinanceLaunchpool Why I believe in $KSM
KSM (Kusama Network Token) is a token that is used on the Kusama blockchain network. Kusama is an experimental network developed by the Web3 Foundation team that serves as a testbed for developing and testing new features and protocols that can be implemented on the Polkadot network.
KSM performs several functions on the Kusama network:
Staking: KSM holders can use their tokens to stake and participate in network governance. They can select candidates to become nodes and receive rewards for maintaining the network.
Voting: KSM holders can also use their tokens to vote on various proposals and changes to the network. This allows the Kusama community to make collective decisions about the future development of the network.
Project Funding: KSM is also used to fund projects that are developed on the Kusama network. Developers can submit their projects to the community and receive funding in the form of KSM.
To be continued in the next post.
