Kaspa's tokenomics are designed to be simple, transparent, and fair. Like Bitcoin, every KAS in existence has been created through proof-of-work mining. There is no premine, no ICO, and no VC allocation. This page breaks down the supply dynamics, emission curve, and inflation rate.
Kaspa has a maximum supply of approximately 28.7 billion KAS. Unlike Bitcoin's fixed 21 million cap, Kaspa's supply is determined by its emission curve — a mathematically defined decay function that approaches 28.7B asymptotically. The supply will never exceed this amount.
| Metric | Value |
|---|---|
| Maximum Supply | ~28,700,000,000 KAS |
| Circulating Supply (June 2026) | ~22,800,000,000 KAS |
| Percentage Mined | ~79% |
| Current Block Reward | ~105 KAS per block |
| Block Time | 1 second |
| Blocks Per Day | 86,400 |
| New KAS Per Day (approx) | ~9.07M KAS |
Kaspa's emission curve follows a decaying reward schedule — block rewards decrease over time according to a pre-determined mathematical formula. The curve is designed so that:
This smooth decay is different from Bitcoin's step-function halving schedule. Kaspa's approach produces a more predictable and gradual reduction in new supply, which some economists argue is healthier for a currency's monetary policy.
Kaspa's launch was entirely fair:
This makes Kaspa one of the most genuinely decentralized cryptocurrency distributions in existence, alongside Bitcoin and Monero.
Inflation in Kaspa is measured by the rate at which new coins enter circulation relative to the existing supply:
| Year | Est. Circulating Supply | Approx. Inflation Rate |
|---|---|---|
| 2022 (Year 1) | ~12B | ~40%+ (rapid early emission) |
| 2024 | ~18B | ~15% |
| 2026 (Current) | ~22.8B | ~8-9% |
| 2028 | ~25.5B | ~5% |
| 2030 | ~27.0B | ~3% |
| 2035 | ~28.3B | ~0.5% |
As the table shows, Kaspa's inflation rate decreases significantly over time. By 2030, inflation will be comparable to major fiat currencies. By 2035, it will be negligible.
| Metric | Bitcoin | Kaspa |
|---|---|---|
| Maximum Supply | 21,000,000 BTC | 28,700,000,000 KAS |
| Supply Adjustment | Halving every ~4 years | Smooth decay (no halvings) |
| Supply Mined (June 2026) | ~19.7M BTC (~94%) | ~22.8B KAS (~79%) |
| Current Inflation Rate | ~0.85% | ~8-9% |
| Fair Launch | Yes (Satoshi mined early but no advantage) | Yes (no premine, no ICO, no VC) |
The higher supply count is largely a unit bias consideration — Kaspa's emission curve was designed with a different granularity than Bitcoin's. The practical effect is the same: a fixed, limited supply that becomes increasingly scarce over time. The number of decimal places (Kaspa uses 8 decimal places, like Bitcoin) means the total number of atoms is comparable. In practice, the per-coin price tends to adjust — Kaspa's lower per-unit price makes it more accessible for smaller purchases.
The declining block reward has important implications for miners. As the emission rate drops:
For mining profitability analysis, see our Kaspa Mining Guide.