KasPaw (KPAW) is a meme-based cryptocurrency developed on the Kaspa blockchain, specifically leveraging the KRC-20 ecosystem. The project brands itself as "the first DA(W)G meme on Kaspa," inspired by the network’s speed and scalability. KasPaw is designed to highlight and promote the Kaspa network while fostering a fun and engaging community. The token symbolises the speed, security, and innovation of the Kaspa ecosystem and is focused on fairness, transparency, and decentralisation, with no pre-sales, ICOs, or pre-minting involved​.

KasPaw is primarily used as a meme token within the Kaspa blockchain, aiming to build a strong community around the Kaspa ecosystem. The project highlights its role as more than just entertainment, encouraging community growth, innovation, and engagement. KasPaw can be minted at the rate of 1 Kaspa (KAS) = 2,000 KPAW, with a total capped supply of 1.21 billion tokens. It features no additional fees beyond network costs and aims to offer a fair distribution model where all participants have equal access to minting​.