Karura Coin Price & Market Data
Karura price today is $5.73 with a 24-hour trading volume of $2,691,724. KAR price is up 5.4% in the last 24 hours. It has a circulating supply of 18 Million KAR coins and a total supply of 100 Million. If you are looking to buy or sell Karura, OKEx is currently the most active exchange.
What is Karura?
Karura is the scalable, all-in-one DeFi hub of Kusama. It is the canary release for the Acala Network that will be launched on Polkadot. The platform offers a suite of financial applications including: a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.
What is the Karura (KAR) token used for?
The KAR token is integral to the network and is used for paying transaction fees, node incentives, governance, and smart contract deployments.
How is KAR token distributed?
At launch, 60.87% of the KAR token is held by the community, 18.33% is held by early backers, 10.08% by later investors, and 10% by the founding team.
Among the community breakdown, 34% will be allocated for liquidity mining and auction reward.