Proof-of-Work Speed. BlockDAG Scale.
Institutional-grade equity exposure to the future of digital money.
Krescendo Capital™ provides accredited investors with clean, auditable exposure to Kaspa through a professionally managed, institutional-grade vehicle.
Request Further InformationThe Market Opportunity
Digital assets have proven their value, yet market leaders face fundamental trade-offs that limit their potential as a global monetary system.
Bitcoin: Secure but Slow
As the original sound money, Bitcoin's Proof-of-Work offers strong security. However, its 10-minute block time and low throughput limit high-velocity transactions, while hashrate concentration raises decentralization concerns.
Ethereum: Flawed Economics
With an unlimited supply, pre-mined allocation, and high concentration of ownership, Ethereum’s monetary policy lacks mathematically certified scarcity.
Thesis: The Trilemma is Solved
Kaspa represents the fulfillment of Satoshi's original vision. Built on a decade of research by Dr. Yonatan Sompolinsky, core developer Michael Sutton, and Dr. Shai Wyborski, its BlockDAG architecture achieves security, decentralization, and scalability simultaneously.
Unlike linear blockchains that discard “orphan” blocks, a BlockDAG weaves valid blocks into a directed graph, enabling parallel block creation and near-instant confirmations—without sacrificing Proof-of-Work.
Live Kaspa Network Visualization
The Investor's Edge: Beyond the Hype
At ~6,000× Bitcoin’s block rate, Kaspa’s parallel BlockDAG unlocks massive transaction capacity.
In 2023 Kaspa appreciated 3,418%. After two years of consolidation, it now appears poised for its next phase of price discovery.
State pruning keeps node requirements low and accessible, supporting active nodes across over 115 countries—helping prevent the centralization that plagues other chains.
A fair launch (no pre-mine), fixed finite supply, and over 92% mined, establish mathematically certified scarcity.
Growing Institutional Validation
Marathon Digital (MARA)
The largest publicly traded Bitcoin miner in the world only mines two cryptocurrencies: Bitcoin, and Kaspa — an implicit endorsement of Kaspa’s technology and economics.
Grayscale Investments
The world’s largest digital asset manager has listed Kaspa on its “Assets Under Consideration,” signaling significant institutional interest.
A Superior Scarcity Roadmap
Kaspa’s chromatic emission decays smoothly each month, creating predictable scarcity. With over 92% mined, its Stock-to-Flow ratio is on track to surpass Bitcoin’s by 2030, establishing it as the world's premier digital store of value.
Kaspa vs. The World
| Metric | Bitcoin | Ethereum | Solana | XRP | Sui | Kaspa |
|---|---|---|---|---|---|---|
| Consensus | ✅ PoW (Blockchain) | ⚠️ PoS | ⚠️ PoS | ❌ Federated | ⚠️ dPoS | ✅ PoW (BlockDAG) |
| Launch Model | ✅ Fair Launch | ❌ ICO / Pre-mine | ❌ VC / Pre-allocation | ❌ Pre-mined | ❌ VC / Pre-allocation | ✅ Fair Launch |
| Decentralization | ⚠️ Mixed | ⚠️ Mixed | ❌ Low | ❌ Very Low | ❌ Low | ✅ Strong & Accessible |
| Block Rate | ❌ ~10 min | ⚠️ ~12 sec | ✅ ~400 ms | ✅ ~3–4 sec | ✅ ~400 ms | ✅ ~100 ms |
| Transaction Finality | ❌ ~60 min | ⚠️ ~13 min | ✅ ~2.5 sec | ✅ ~4 sec | ✅ ~480 ms | ✅ ~1 second |
| Throughput (TPS) | ❌ ~5–7 | ❌ ~15–25 | ✅ ~2k–4k | ✅ ~1,500 | ✅ ~6,000 | ✅ ~3,000 |
| Accounting Model | ✅ UTXO | ⚠️ Account-based | ⚠️ Account-based | ⚠️ Account-based | ⚠️ Object-based | ✅ UTXO |
| Smart Contracts | ✅ Via L2s | ✅ Native (EVM) | ✅ Native (SVM) | ✅ Native | ✅ Native (Move) | ✅ Via L2s |
| Node Requirements | ⚠️ High | ⚠️ High | ❌ Very High | ⚠️ Moderate | ❌ Very High | ✅ Very Low |
“Bitcoin was the Kaspa testnet.”
— Dr. Martin Hiesboeck, Head of Research, Uphold
A Compelling Seed Round Opportunity
Seed investors subscribe at NAV and receive a 12-month management fee waiver from their subscription date, enhancing net returns in year one while preserving pure Kaspa exposure. Standard fees apply after month 12.
We deploy ~99% of subscriptions directly into KAS, maintaining a ~1% cash reserve to handle operating costs. Management fees are paid first in cash from this reserve followed by in-kind units, so the Kaspa pool itself remains untouched.
Founders take no salary, instead relying on performance fees, aligning incentives with long-term NAV growth. Objective: Acquire and hold; Build an institutional-grade Kaspa position.
How It Works: A Clean Two-Entity Structure
We separate operations (“Manager”) from assets (“Treasury”) so investors get pure, auditable Kaspa exposure while we run the business.
Our Delaware C-Corp handles marketing, administration, custody arrangements, audits, and governance. It earns fees (standard management and performance fees) and retains full voting control.
A separate SPV securely holds Kaspa. Investors receive non-voting units redeemable at NAV with no operational entanglement. Fees are paid to the Manager; the Kaspa pool is never diluted.
Note: For U.S. raises we expect reliance on Reg D for accredited investors; final terms subject to counsel.
Milestones & Upcoming Catalysts
15 September 2024 Complete
KRC-20 Mainnet Launch
Kasplex’s KRC-20 token standard goes live on Kaspa mainnet at 12:00 UTC, opening a broad tokenization surface for the ecosystem.
5 May 2025 Complete
Crescendo Hardfork (10 BPS) — Mainnet
Network upgraded to ~10 blocks per second at DAA score 110,165,000, unlocking faster inclusion and confirmations.
26 September 2025Complete
Kasplex's L2 Mainnet
Launch of the first EVM-compatible Layer-2, enabling smart contracts and a new dApp/DeFi ecosystem on Kaspa.
26 September 2025Complete
Decentralized Exchange (DEX) Launches
Multiple DEXs (e.g., Zealous Swap, Kaspaswap, KDX) target Kaspa—building on-chain liquidity and utility.
Q4 2025
Igra's L2 Mainnet
An EVM-compatible L2 leveraging ZK-Rollups for privacy and scale.
H1 2026
DAGKNIGHT Protocol Upgrade
Adaptive, parameter-free consensus targeting 100 blocks per second, for maximum throughput and security.
Invest with Krescendo Capital™
Commencing in October 2025, we will begin raising seed capital to fund treasury operations. To receive further information and be notified upon commencement of funding rounds, please enter your details below.
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