On October 22, Ka.app announced the availability of the app’s lock-up feature, which allows users to enter tiers that offer rewards and exclusive swap fee discounts.
The app, which allows users to send crypto for free, has only released four tiers so far, including the discounted offering for Tier VI at 90% off. Instead of requiring 20,000 KASTA tokens, users can earn up to 8% APY on Tier VI by locking up 2,000 KASTA only.
You Can Now Earn APY on Up to 50,000 KASTA Tokens
The feature is well-accepted by Ka.app users, and one of the frequently asked questions we receive from them is the maximum number of tokens they can earn APY on.
The cap was initially 2,000 KASTA. But because many users who enter Tier VI want to lock up more than 2,000 KASTA, we’ve decided to increase the maximum number of tokens you can earn APY on to 50,000 KASTA tokens.
How to Enter a Ka.app Tier
To enter a specific tier, you must lock up the required number of KASTA tokens in the app for 180 days. This means you won’t be able to take out your tokens from the app for six months. As mentioned, Tier VI is currently offered at 90% off, so instead of 20,000 KASTA, you can enter this tier by just locking up 2,000 KASTA tokens, although now users with up to 50,000 KASTA can earn APY on the full amount.
- KASTA TiersRequired KASTA TokensLockup APYSwap Rates
- Tier 00 0%2.504%
- Tier I403%1.252%
- Tier II1004%1.023%
- Tier VI2,000 (current promo) 20,000 (regular requirement)8%0.376%
Discounted swap rates will activate as soon as you’ve locked up the tokens. This applies to all app transactions, including swapping crypto, receiving payments in a different cryptocurrency through the Easy Swap Engine, and withdrawing tokens to an external wallet.
Refer a Friend Rewards Will Go to the Lock-Up Feature
Whether you’re a new user who has signed up on the app through a referral link or you’re an existing user who has referred someone to the app, in the future, the KASTA tokens you’ll earn from our Refer a Friend program will go directly to the lock-up feature. You’ll be able to allocate tokens on the specific tier you’d like to enter
More Tiers and Benefits May Be Released Soon
We plan to have a total of 10 KASTA tiers. The company is also working on adding more benefits to its tiers, which may include crypto staking bonuses, exclusively designed Ka.app debit cards, and more.
Meanwhile, if you haven’t created a Ka.app account, you can download it now by scanning the QR code below.
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FAQ
How can I upgrade a tier?
You can tap Upgrade on your current tier or add more tokens on the KASTA Tiers home screen on the app. However, the lock-up period will reset.
Where will my earnings go once the lock-up period is over?
Back to you. Your earnings will be automatically credited to your wallet once the lock-up period is over.
Can I renew my tier as soon as the initial lock-up period ends?
Yes. You can lock up tokens right after your initial lock-up period ends.