Kasta (KASTA): Redefining Digital Payments with Instant Transactions

When Bitcoin first launched in 2009, it promised a payment revolution that would render intermediaries like banks and governments irrelevant. Its creator(s), Satoshi Nakamoto, envisioned a future where Bitcoin holders could exchange digital money almost instantaneously without transfer fees and transaction times. 

While this narrative has changed with Bitcoin becoming more of a store of value, other projects have taken on the mantle of revolutionizing the financial world. An example of such a project is Kasta, the crypto platform that makes payment quick, convenient and free.

Thanks to its easy swap engine and personalized debit card, paying with fiat and cryptocurrencies has never been easier than with Kasta. Although the platform is still in its infancy, the potential to become a recognized payment system is definitely there. Curious how Kasta intends to flesh out various features and grow its user base with its KASTA tokens? Read on as we cover everything you’ll need to know before investing in Kasta and KASTA tokens.

What Is Kasta?

Kasta is a crypto payment platform that aims to redefine digital payments. It does this by enabling instant and borderless peer-to-peer (P2P) crypto transactions. With a backbone of trust, innovation and convenience, Kasta’s platform has the overall goal of steering the world toward worldwide cryptocurrency adoption and a crypto-based economy.

If you’re a crypto investor, you’ll understand that the biggest hurdle to any lesser-known altcoin’s success is mainstream adoption. Since some projects have an ecosystem-oriented approach, they tend to create barriers to entry, making it difficult for newcomers to integrate. In Kasta’s case, this aspect is particularly crucial, given that it’s attempting to help the world transition from a fiat-based economy to one that’s crypto-based. 

While those unfamiliar with crypto might initially be wary, Kasta fixes many issues of archaic fiat payment systems. From costly transaction fees to lengthy international transfer times, these problems can cause a bottleneck for users seeking efficiency when transferring their assets. 

Although users may face fewer problems when utilizing crypto payment solutions, existing projects encounter issues like clunky currency exchange procedures and having to deal with lengthy crypto wallet addresses.

Kasta makes P2P payments a cinch by standardizing many of the features you’d normally see with popular apps like PayPal and Venmo. One feature in particular is Kasta’s easy swap engine, which facilitates seamless currency swaps whether utilizing fiat or crypto for payment. 

In addition to facilitating P2P payments, this engine also helps users to on-ramp and off-ramp their fiat currencies, easing any crypto beginner into Kasta’s payment ecosystem. This amount of convenience is further amplified, thanks to Kasta’s easy-to-use crypto wallets and “buy now, pay later” payment solution which makes the onboarding process that much easier. 

For those who believe in Kasta’s vision of sending crypto instantly — and for free — investors can check out KASTA tokens.

What Are KASTA Tokens?

KASTA, native to the Kasta platform, are ERC20 tokens found on the Polygon network. From fee reduction to staking bonuses, KASTA tokens offer a wide range of applications and benefits within the Kasta ecosystem. KASTA tokens will play an important role in overall platform growth as they support Kasta’s mission of steering the world toward worldwide cryptocurrency adoption. Utilities of KASTA tokens include:

• Customized debit cards
• Participation in shared staking pools
• Increased cashback incentives 
• Voting rights for future Kasta cashback brands
• Better referral rewards
• Lowered exchange rates and interest rates for “buy now, pay later”

KASTA Tokenomics

There’s a maximum supply of 1.5 billion KASTA tokens, with the initial circulating supply set at 8.4 million. This inflationary model isn’t any cause for concern, as Kasta has purposely included a prolonged vesting schedule which locks in KASTA tokens for the next five years. This effectively allows the platform to grow organically while reducing overall selling pressure for traders looking to make a quick buck. 

Of the total supply, 225 million KASTA tokens are allocated to the Kasta ecosystem, including rewards and referrals. This ultimately showcases the team’s focus on growing Kasta organically and incentivizing investors to hold for the long run.

Keen investors can check out the Bybit Launchpad, where there are a total of 25 million KASTA tokens to be earned through staking BIT tokens.

Are KASTA Tokens a Good Investment?

When comparing Kasta to competitors, there are plenty of outstanding benefits worth mentioning. From engaging BitGo (as their custodial wallet provider for maximum transaction security) to not charging any P2P transaction fees, it’s clear that the Kasta team has their users’ interests at heart, addressing both security and cost concerns. 

As part of their road map, Kasta plans to roll out debit cards, an affiliate program, gamification, and a payment gateway that reduces exchange fees to incentivize even more users to make the jump to Kasta. On Kasta’s engagement front, investing in KASTA tokens grants users reduced exchange charges and improved staking yield rates.

By focusing on ensuring borderless, free and instant transactions, Kasta is certainly a superb choice in the long run, bridging traditional payment methods with blockchain technology to give users full autonomy in payments and transactions. Users looking for an easy and efficient way to make crypto payments will want to give Kasta’s free and innovative platform a go.