Kaspa Finance to Launch IEO on Coinstore

- Kaspa Finance is a decentralized finance (DeFi) platform built on Kaspa's Layer-2 solutions, specifically the Kasplex and Igra EVM, to offer services like trading, yield farming, and AI tools. - The underlying Kaspa network utilizes a blockDAG (block-directed acyclic graph) architecture instead of a traditional blockchain, which allows for parallel block processing and is designed to be significantly faster and more scalable. - The total supply for the Kaspa Finance token ($KFC) is capped at 21,000,000,000. - The main Kaspa ($KAS) token was distributed via a "fair launch" model with no pre-mine, pre-sale, or team allocations, making it entirely community-managed from its inception in November 2021. - Coinstore, the exchange hosting the IEO, processes a 24-hour trading volume of approximately $2.86 billion and lists over 1,100 tokens for its more than 10 million users. - An Initial Exchange Offering (IEO) is a fundraising method where the crypto exchange administers the token sale, providing a degree of trust and an immediate user base for the project, in contrast to an Initial Coin Offering (ICO) run by the project team itself. - This launch aligns with the broader Kaspa network's 2026 roadmap, which includes a major consensus mechanism upgrade called DAGKnight and testing for a target of 100 blocks per second to enhance the base layer's performance. - Unlike the base Kaspa layer, which currently does not support smart contracts, Kaspa Finance is built on Layer-2 solutions that enable EVM compatibility, allowing for the creation of DeFi applications and more complex financial systems.