Question 1

What is Kasbot the Guardian of 𐤊ASPA (KASBOT)?

Accepted Answer

Kasbot the Guardian of 𐤊ASPA (KASBOT) is a meme coin built on the KASPA network using the KRC-20 protocol. It is designed as a digital asset within the cryptocurrency space, utilising the KASPA network’s BlockDAG technology and GhostDAG consensus algorithm to facilitate energy-efficient and secure Proof-of-Work (PoW) transactions.

Kasbot aims to capture the interest of the crypto community with its features and is marketed as more than just a meme coin. The total supply of $KASBOT is 28.7 billion, with the distribution split evenly between public minting and pre-mint allocations. The pre-mint allocation includes portions designated for decentralised exchanges (DEXs), centralised exchanges (CEXs), marketplaces, mining, rewards, marketing, and the development team​.

Question 2

What is Kasbot the Guardian of 𐤊ASPA (KASBOT) used for?

Accepted Answer

Kasbot's intended use includes implementing a monthly "halving" simulation mechanism to reward token holders, aiming to influence the token's value over time. It also plans to introduce interactive games that offer rewards to users. The project incorporates a "burn" mechanism, where the token burn rate is proportional to the rewards distributed. This approach is designed to reduce the circulating supply based on user interactions.

Future developments outlined in the whitepaper include transforming Kasbot into an AI-managed trading bot that will provide free trading signals. These enhancements are scheduled for release on a quarterly basis. The project also emphasises building a community through engagement on social media and hosting community events​.