This is the X account for all KRC-20 projects on #Kaspa Join the discussion and shilling group: https://t.co/6YQddXu55z where you can shill your project once a day and discuss your fav tokens.
@DesheShai If taking a break disqualifies someone from contributing, we might need to rethink what productivity actually means. Execution matters more than appearances and A well-rested mind innovates better than a burned-out one.
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A recent finding about the nature of Kaspa's inactive supply may provide one of the strongest statistical clues yet that Kaspa is superior money.
Let's take a deep dive into what this means... 🧵 (1/21)
Maha is really the greatest joke. The killing goes on, now killing most healthy food chain : chicken - because eggs fight vaxxs poisoning. trump/fkfjr are traitors and Elon currently an idiot on mRNA
I noticed #kaspa team is working on smart contracts now , couple of days ago it was just showing planning.
Interesting 🧐 , how far we are to final stage for sc
Kaspa's potential is skyrocketing! It took Bitcoin's fundamentals and revolutionized it to be faster without sacrificing decentralization or security. We haven't seen that with Proof-of-work coins until now. The dev team is working on making Kaspa confirm settlements even faster! #FastCrypto
CoinEx's margin trading becomes an early victim of Kaspa's supply shocks. 🧵
As of 03:00 UTC on Feb 10, 2025, Kaspa margin trading on CoinEx has ended.
Here's a thread that explains what may have led up to CoinEx's decision to halt Kaspa margin trading, and how this decision gives us a glimpse into the extreme supply shocks that Kaspa may cause in the future...
So far we've been able to document that Kaspa's market price is likely being manipulated in at least the following ways:
1. Order book manipulation. This occurs when an exchange places a large sell order (a "sell wall") for Kaspa that does not reflect a real supply of sellers. More specifically, this manipulation occurs when sell orders are not from market participants who actually possess that amount of Kaspa and/or actually intend to sell that amount of Kaspa at the ask price. Often times these sell walls occur on one exchange even while other exchanges are reporting extremely high buying percentages for Kaspa. This incongruence between exchanges likely indicates that at least some exchanges are manipulating Kaspa's price.
2. Withdrawal halts. When an exchange halts Kaspa withdrawals for a prolonged period of time -- for whatever reason -- the inability to withdraw Kaspa from the exchange can force a Kaspa liquidation by those who wish to pull their value off the exchange. In the worst documented cases, we have seen Kaspa on some exchanges become indefinitely frozen.
3. Binance listing Kaspa perpetual futures without a spot listing. Binance keeps long Kaspa exposure locked in U.S. dollar stablecoins due to the inability to settle in or close out and convert into Kaspa on the exchange. This allows for leveraged bets on the short side to be greater than what the market would otherwise allow if there were actual Kaspa settlement or convertibility. Kaspa settlement and/or convertibility would cause a greater degree of supply shock and a higher degree of leveraged short liquidation than in a market environment where no such settlement or convertibility is possible. Thus, limiting settlement and convertibility suppresses Kaspa's price.
4. Chainge Finance closing its wKAS bridge. In this situation, ERC-20 wrapped KAS (wKAS) was originally bought by market participants at native KAS prices by those who wanted to use their Kaspa value in the Ethereum ecosystem. After Chainge Finance closed its wKAS bridge due to stated security reasons, wKAS began to trade at a substantial discount to native KAS because of a lack of convertibility. We observed that in some cases, the discount reached as much as 90% (see attached screenshot from Etherscan where wKAS traded at just $0.01 at a time when native KAS traded at ~$0.10). The wKAS bridge closure is effectively a KAS short because the lack of convertibility has a similar effect as issuing unbacked KAS liabilities. Unbacked KAS liability issuance effectively increases the (paper) supply of Kaspa and drives down its market price. Interestingly, similar strategies have long been used by central banks to suppress the spot price of gold.
These are all forms of market manipulation that are suppressing the USD price of Kaspa. The silver lining is that this price manipulation does not have a long term impact on Kaspa, though it is causing some analysts to conclude that Kaspa has broken its power law model against the USD. By making it artificially cheap to convert fiat currency into Kaspa, price manipulators are effectively subsidizing its accumulation for hodlers.
Eventually, the tides of price manipulation will swing in the opposite direction, whereby Kaspa's price against the dollar is artificially inflated. In this case, Kaspa will be valued far above its hashrate-implied value.
If you are aware of additional Kaspa market manipulation. Please feel free to list it below.