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At the beginning of the process, the process is a public inquiry, a council request, or an emergency request, which can be made by a technical committee (for approval by the council) to change the policy. A key part of the process is a referendum, which gives KMS members a chance to vote for change in China. Each referendum is designed to generate ideas for concrete change. Once the poll is done, it will be a referendum. A referendum will be held in support of the majority of prices for each installation period, which falls every 28 days. This will also happen between the government and the councils. In other words, it is better to have the highest vote of the people or council elected as a referendum every time it opens. In a referendum, everyone must vote (with GMS) or vote against it. It is set 30 days after the referendum is issued. When a referendum is voted on, it is a positive vote, which means it is not voted on. On the other hand, once the council is elected and one vote agrees, there will be an informal election in the referendum, which means it will be satisfied. This is where the real power of the Council lies. However, a majority of the council will have a majority of the final vote to vote. If the council decision does not constitute a majority among the advisers, then there will be no referendum.
In September 2019, the price of KUSAMA was Rs. 4.92 and volume of Rs. 7294756 with market cap of Rs. 85936295.
In December 2019, the price of KUSAMA was Rs. 88.49 and volume of Rs. 624624627 with market cap of Rs. 83759483
In January 2020, the price of KUSAMA Network was Rs. 65.54 and volume of Rs. 19438910.5 with market cap of Rs. 1.38470296e10.
In August 2020, the price of KUSAMA was Rs. 768.819 and volume of Rs. 7.37480265e10 with market cap of Rs. 947294758
Gavin Wood, founder and founder of Polkadot, said, “Kusama serves as a testing ground and allows teams and developers to build and deploy parachutes or test Polkadot management, stacking, and validation features in a real world environment.
Last month, it was reported that the highly anticipated project closed the private sale of 500,000 DOT tokens (5% of the total supply), amounting to around $1.2 billion.
Wood said the Kusama network is responding to a 'new and early high-risk feature' project that will produce products for Polkadot. The launch of the network's main network is scheduled for the end of this year.
Starting in the morning, DOT owners can charge the same amount of Kusama Coins (KSM) and start experimenting on the network no later than August.
For users without a DOT badge, Wood explained in a blog post that the Web3 Foundation is funding KSM's 'friction crane' to conduct further experiments in Kusama.
The exact amount of CSR tokens to be distributed has not been disclosed, but a spokesperson later told CoinDesk that the Web3 Foundation has a total of 3 million DOT (30% of the total data supply) for disposal.
The blog post also details how the 100,000 DOTs conducted by the Web3 Foundation are being used as a “way to stimulate Kusama stakeholders and the public”. Then the rep explained in detail how these CSR owners can convert their tokens to DOT at the rate set by the Web3 Foundation.
According to a spokesperson, this participation award could be 1 DOT per 100 CSR. However, a spokesperson noted that the mechanism of this reward scheme is still in development and has not been determined by the team.