Traditionally, transferring crypto from one person to another was a complicated affair. While some of them worked out their ways into this new system, the current implementation is still a bit too difficult for the average user. Here’s where Kasta comes in, a blockchain alternative to mainstream mobile payment services. What’s more, the platform is launching its native token today.
Basically, Kasta is an alternative mobile payment service platform utilizing the Polygon network for its operations. Its main aim is to offer P2P solutions for the general public in an easy, simple, and accessible manner.
Besides this, Kasta also has its native token $KASTA, which offers an array of applications and benefits within the ecosystem. Users can get reduced exchange fees, improved yield rates, cashback, and limited design debit cards through investment in $KASTA.
The team has launched their native token on the Bybit exchange. Their plan is to sell around 25,000,000 KASTA on this exchange. Each KASTA is priced at 0.0188 BIT (1 BIT = $2,030 as of writing). Each user can only buy 9,500 KASTA on the launchpad.
$KASTA is an ERC20-type token on the Polygon chain with a hard cap of $6.5 million and a total supply of 1.5 billion. Their initial circulating supply is at 37.5 million resulting in an initial market cap of $1.5 million.
As of now, 50,168 participants have registered on this launchpad, showing confidence in the following project.
The distribution period for $KASTA will last for an hour (11:00 UTC- 11:59 UTC) on the 5th of January. Interested investors can commit a certain amount of BIT towards this project.