WHAT IS THE KASTA TOKEN?
The KASTA token is the native token of Ka.app, a peer-to-peer (P2P) crypto payment app. It’s a crucial part of the Ka.app ecosystem as it provides users with a growing list of utilities, such as yield multiplication, reward redemption, and more.
HOW DOES KASTA WORK
KASTA is an ERC-20 token built on the Polygon network. As a virtual payment method, the token powers fast cross-border payments without oversight or permission from a third-party institution.
WHERE IS KASTA AVAILABLE?
The KASTA token has been listed on several exchanges and decentralized exchanges since its launch in January 2022. These include ByBit, Gate.io, MEXC, AscendEx, QuickSwap, and Uniswap (V3) (Polygon). KASTA is continuously being added to more exchanges, so stay tuned for more listing announcements.
Those who want to hold their KASTA tokens for the long-term can take advantage of the Ka.app’s staking and locking up features. Users who stake or lock up KASTA tokens can enter different tiers that offer various annual percentage yields (APY), benefits, and more.Earn KASTA
- KASTA TiersKASTA NeededSwap FeesStaking APYLocking APYKASTA Token Staking BonusDebit CardBank Account
- Tier 002.504%TBC0.75%TBCTBCTBC
- Tier I401.252%TBC1.5%TBCTBCTBC
- Tier II1001.023%TBC2%TBCTBCTBC
- Tier III500TBCTBCTBCTBCTBCTBC
- Tier IV2000TBCTBCTBCTBCTBCTBC
- Tier V10000TBCTBCTBCTBCTBCTBC
- Tier VI200000.376%TBC8%TBCTBCTBC
- Tier VII*500010.376%TBC15%TBCTBCTBC
- Tier VIII1000000TBCTBCTBCTBCTBCTBC
- Tier IX10000000TBCTBCTBCTBCTBCTBC
*First come, first served - max of 1 million KASTA per user, and a total lock-up limit of 50 million tokens
UTILITY OF THE TOKEN
WHY DOES KASTA USE POLYGON?
The KASTA token was built on Polygon, a second layer scaling solution for the Ethereum blockchain, because it enables cheaper, much faster transactions, and it has dual-strategy proof-of-stake and fraud prevention capabilities.
The Ka.app team burns tokens, which is done by transferring KASTA tokens to a wallet where they can never be retrieved, to reduce the token’s circulating supply. Ka.app will use up to 10% of its quarterly net revenue to buy back and burn KASTA tokens. From time to time, the company also burns tokens for marketing initiatives.
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