The KASTA token has steadily gained the interest of crypto enthusiasts since its launch in January 2022. And despite the crypto winter in 2022, KASTA has gained about 130,000 transfers by January 2023 and is still expanding its use cases while the company continuously builds and develops Ka.app.
What Is the KASTA Token?
KASTA is the native cryptocurrency of Ka.app, a payment platform that allows users to buy crypto with euro, send crypto for free between app users, and covert currencies in a few seconds. KASTA is an ERC-20 token built on the Polygon network, designed mainly for the app’s conversion fees, rewards, yield multiplication, and other transactions.
What Are the Use Cases of the KASTA Token?
Here are some of the best ways you can use your KASTA tokens:
1. Earning APY
Ka.app has Tiers that offer up to 8% APY when you lock up KASTA tokens in the app for six months. You can earn APY on up to 50,001 KASTA tokens and enjoy other exclusive benefits.
2. Activating conversion fee discounts
Another benefit of locking up KASTA tokens in Ka.app is getting conversion fee discounts as low as 0.376% of the transaction amount.
3. Earning app rewards
Ka.app has a Refer a Friend program that incentivises existing users who invite friends to use the app. For every successful referral, the user who referred a friend and the referred user will both receive a certain amount of KASTA tokens, each locked to their wallets. They can use the rewards to lock up tokens in the app, enter a Tier, earn APY, or enjoy better conversion rates.
4. Sending or receiving payments
Just like other major cryptocurrencies, you can also use KASTA to split bills with friends, receive salaries, or pay someone in crypto. Ka.app makes this easy as it enables users to send crypto for free when the recipient accepts the payment in the same currency (e.g., sent in KASTA and received in KASTA). Users can also receive payments in their preferred currency through the Easy Swap Engine.
5. International transfers
Ka.app is accessible in 179 countries/locations, so you can conveniently send KASTA for remittances to loved ones abroad. You can also buy KASTA from international exchanges such as Bybit, AscendEx, Gate.io, Latoken, and MEXC.
6. Trading
As mentioned, KASTA is available in various exchanges. It’s usually listed under the KASTA/USDT and/or KASTA/USDC trading pairs in Spot trading.
7. Conversions
Convert KASTA to euro or other cryptocurrencies in just a few clicks in Ka.app. As of writing, the cryptocurrencies you can convert it to include Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Binance Coin (BNB), Cardano (ADA), Polkadot (DOT), Tether (USDT), and USD Coin (USDC). More cryptocurrencies will be available in the app soon.
8. Shopping, dining, and services
The Ka. Debit Card is in the works! Once that's out, you can conveniently use KASTA for daily transactions, such as buying your cup of coffee, paying for petrol, online shopping, dining in a restaurant, and more.
Final Thoughts
We're continuously developing new features for Ka.app and are working on adding more use cases to the KASTA token, so stay tuned! Meanwhile, if you haven't already, create a Ka.app account now.
FAQ
What is the KASTA token’s contract address?
The KASTA token’s contract address is 0x235737dBb56e8517391473f7c964DB31fA6ef280.
How many KASTA tokens are there?
KASTA has 37.5 million tokens of initial circulating supply. More tokens will become available as more KASTA vests over time.
How many KASTA tokens have you burnt so far?
Please check our KASTA burns page to see the updated figures.
Where can I buy KASTA?
You can buy KASTA on Ka.app and the company’s partners, AscendEx, Bybit, Gate.io, Latoken, MEXC, QuickSwap, and Uniswap.
