KRC-20 is the token standard for the Kaspa network, defining the guidelines for creating and managing fungible tokens. Similar to Ethereum’s ERC-20 standard, KRC-20 ensures consistency and interoperability across the Kaspa ecosystem. This allows any token built using KRC-20 to integrate seamlessly with wallets, exchanges, and decentralized applications, empowering developers and users alike to easily interact with the broader Kaspa network.

Yes, it does. Official ticker for Kapsa is KAPSA, it was deployed on Kasplex on September 18.

Kasplex is designed as a versatile solution, incorporating the data insertion protocol, an open-source indexer, data availability, and comprehensive APIs. It leverages Kaspa’s high block rate, scalability, and decentralized POW Layer-1 to facilitate efficient data insertion, address the UTXO bloat issue, and support a sustainable ecosystem. Kasplex provides an open-source indexer that enables developers and users to effectively retrieve and check data associated with KRC-20 tokens, NFTs, and other digital assets on Kaspa. Kasplex introduces the KRC-20 token standard, which defines a set of rules and conventions for creating and managing fungible tokens on Kaspa. (https://www.kasplex.org/home)

No, Kapsa and other KRC-20 tokens cannot be mined. Instead, Kapsa tokens were minted, meaning they were created and distributed through a minting process on the Kaspa network. This minting process allowed users to acquire tokens directly, rather than through traditional mining methods. The minting is now over, but it’s still possible to purchase Kapsa through Telegram.

While the exact DEX for Kapsa is still to be determined, we are aware of two DEXs and a marketplace currently in development on the Kaspa network. Once the KRC-20 standard is fully live on the Kaspa Mainnet, it’s likely that Kapsa will be available for trading on one or more of these platforms. Stay tuned as the ecosystem evolves!