Kaspa (KAS) — how much KAS moves to market in the next 90 days?
Pure-PoW BlockDAG. Fair launch, no premine, no team allocation, no Foundation treasury. One sell row carries the whole ledger — smooth monthly halvings on a chromatic emission curve, with three steps inside the next-90d window. Empty buy ledger. Same structural shape as DOGE / XMR / ETC.
Setup
Kaspa launched Nov 7, 2022 as a Bitcoin-style fair-launch proof-of-work network. No ICO, no team allocation, no pre-mine — Bitcoin block hashes were embedded in the genesis coinbase as timestamps to prove no hidden mining occurred before launch. Asymptotic max supply ~28.7B KAS (NOT a hard cap; the chromatic emission curve trends toward zero but never reaches it). Currently ~95.7% of the asymptotic max is in circulation.
The defining feature is the chromatic emission: each calendar month the per-second reward is multiplied by 2−1/12≈ 0.9439, so the rate halves every 12 months. This is not a Bitcoin-style 50% halving every 4 years — it's a smooth, monthly step-down on an exponential decay curve.
The Crescendo hardfork (May 5, 2025) cut the target block time from 1000ms to 100ms — moving the network from 1 block-per-second to 10 BPS. Per KIP-14, the per-block reward was simultaneously divided by 10, so the per-second emission curve is precisely unchanged. Throughput went 10× without inflating the supply faster. Parallel blocks at the same DAA score are merged into the BlockDAG via the GHOSTDAG protocol — small 1KB blocks at 10 BPS without orphaning.
- Current per-block reward: 2.75 KAS at 10 BPS = 27.5 KAS/sec ≈ 2.376M KAS/day
- Next monthly step: Jun 5, 2026 → reward drops to 2.6 KAS/block (26 KAS/sec)
- Current block: 26,508,777 (live · May 28 2026); DAA score 444,829,996
- Circulating: ~27.47B KAS · asymptotic cap ~28.7B (not a hard cap)
- Hashrate: ~411.23 PH/s · pure PoW (kHeavyHash) · no native staking, no lockup
- Foundation: donation/grant-funded — no protocol-level token treasury, no coinbase tax
The framework asks one structural question for any coin:
Part 1 · Sell pressuresupply going to market
Part 2 · Buy pressuresupply taken off the market
Net result
Plug the totals back into the formula:
KAS is a clean pure-inflation case— one row carries the whole ledger, same as DOGE / BCH / ETC / XMR. The difference vs DOGE (fixed rate forever) and BCH/ETC (step-down every 4 years / 5M blocks) is Kaspa's chromatic emission: a smooth monthly halving, so the sell row decays continuously rather than in big chunks.
At ~95.7% of the asymptotic ~28.7B cap, KAS is far into its tail. Each year emits ~half of the prior year in absolute KAS; in % terms the inflation rate is already low and falls further every month. The structural inflation rate is approaching the single-digit %/yr band where pure-PoW tails (BCH, DOGE, XMR) typically sit, on a faster decay curve.
⚠ Data note. The chromatic-emission curve + 10-BPS block rate + current per-block reward (2.75 KAS) are origin-first from the official chain APIs + KIP-14 source. Current block height + circulating supply + next-halving date from the official chain API. End-of-pipeline cross-check: our inflation monitor reads +2.44% over the last 90 days — materially higher than the framework primary +0.85%. Gap 1.59pp, OUTSIDE the 0.5pp tolerance. We deep-walked it: the live Kaspa supply endpoint reads 27.467B KAS today, and the deterministic chromatic integral over the window is ~227M KAS, so the chain's actual Feb 28 supply was ~27.240B. The monitor's 90-days-ago baseline says 26.738B, which is~503M lower than the chain. The monitor under-reports today by only ~77M, so the gap shrinks over time — i.e. the monitor's 90-day window straddles a baseline catch-up, inflating its implied delta. No real on-chain emission event was missed (no premine, no Foundation treasury, no burn, no smart contracts; KIP register clean in the window). Per the anti-fabrication + "our research is final" rules, framework keeps the chain primary. ⚠ stays.