- Blockchain-based payments platform Kasta announced the launch of its token, KASTA, on the Bybit exchange.
NEW DELHI (CoinChapter.com) — Kasta, a blockchain-based P2P payments platform, launched its token, KASTA, on the Bybit cryptocurrency exchange.
The KASTA tokens are available as an Initial Exchange Offering (IEO) via the Bybit launchpad. As such, KASTA now has exposure to over 3 million Bybit users, which would help increase Kasta’s visibility, access to Bybit Launchpad tools, and support. To participate in the KASTA token IEO, a user needs to have a KYC verified Bybit account.
In addition, the user also needs to hold BIT for a specified time. The Kasta payment platform’s native token is an ERC20 token powered by the Polygon Network. Besides Bybit, the KASTA token also announced its listing on the Uniswap DEX and its fork, Quickswap.
I believe Kasta can bring a paradigm shift in the way transactions are performed. Through P2P payments, we are streamlining the movement of funds in the world, while bringing down costs for both senders and receiversCarl Runefelt, co-founder of Kasta App, said
At the time of writing, more than 77,000 users have registered on the Bybit launchpad, committing more than 142.8 million BIT tokens, worth roughly $281 million.
What Is Kasta?
Kasta is a blockchain-based crypto payment platform that aims to become an alternative to mainstream mobile payment services. It operates on the Polygon network and recently changed to a crypto-based economy. The platform aims to enhance worldwide crypto adoption by revolutionizing the financial sector.
Moreover, Kasta helps fix many issues of archaic fiat payment systems, such as costly transaction fees and lengthy international transfer times. The payment platform would help speed up international remittances with a crypto-based economy.
Additionally, Kasta facilitates seamless currency swap for both fiat and cryptocurrencies.
KASTA Token Features
KASTA lets users make payments without incurring unnecessary transaction charges. In detail, users can use their Kasta app wallet to deposit or buy cryptocurrency, use them to pay for goods, or send to friends or family. Moreover, users can also stake KASTA tokens to generate a passive income.
Additionally, using the KASTA token also reduces transaction fees on exchange transactions compared to fiat currencies. Furthermore, KASTA token owners can also participate in on-chain governance.
However, the number of tokens determines the influence of token holders. Lastly, Kasta rewards users who refer and onboard new users to the platform. As such, the platform awards user loyalty while simultaneously increasing its reach with word-of-mouth advertising.
At the time of writing, KASTA was trading at $0.773.