When was KSM coin issued?

Kusama (KSM) Coin Issuance: A Comprehensive Timeline

Kusama, the "wild cousin" of Polkadot, is a decentralized blockchain platform designed to provide a testbed for experimental features and new innovations in the Polkadot ecosystem. Its native token, KSM, plays a vital role in network operations, governance, and security. Here's a detailed timeline of the KSM coin's issuance and distribution:

1. Initial Distribution (2019):

• KSM tokens were first issued as part of Kusama's initial coin offering (ICO) in July 2019.
• A total of 10 million KSM tokens were created, with 50% sold through the ICO.
• The remaining 50% of tokens were distributed among the Kusama team, Polkadot contributors, and early supporters.

2. Token Generation Event (2019):

• Kusama's token generation event (TGE) took place in September 2019, marking the official launch of the Kusama network.
• The initial supply of KSM tokens was set at 10 million, and the TGE marked the beginning of KSM's trading and exchange operations.

3. Staking Rewards (2020):

• In February 2020, Kusama introduced staking rewards for KSM holders.
• Users could stake their KSM tokens to earn rewards for contributing to the network's security and governance.
• Staking rewards became an important incentive for KSM holders to participate in the network and support its growth.

4. Additional Token Issuance (2021):

• In August 2021, a proposal to increase the KSM supply was passed, resulting in the issuance of 150 million additional tokens.
• These additional tokens were used to incentivize early adopters of the network and further support the Kusama ecosystem.

5. Ongoing Inflation:

• Kusama's monetary policy includes a mechanism for ongoing inflation of the KSM supply.
• This inflation is designed to reward network participants and maintain a balance between the supply and demand of KSM tokens.
• The current rate of inflation is approximately 10% per year.

6. Future Token Issuance:

• The future issuance of KSM tokens will be determined by Kusama's governance model.
• The community can propose and vote on changes to the token supply and distribution mechanisms.
• Any future token issuance will be subject to community approval and will aim to support the ongoing development and growth of the Kusama ecosystem.