One to Watch: Kasta

By January 14, 2022Layer2
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Project Name

Kasta

Ticker

KASTA

Type

ERC-20 (Polygon)

Brief Overview

Description:

  • Kasta is a crypto payments platform that will enable instant and borderless peer-to-peer (P2P) crypto transactions

Pros:

  • A swap engine that allows for users to be flexible with regard to the type of cryptocurrency that they would like to receive

  • Allows for seamless on-and off-ramping

  • Transactions can be conveniently made via a user-friendly mobile app that has a simple-to-navigate interface

  • Comprises a utility token that helps to offset platform fees (lower exchange rates and reduced interest rates)

Cons:

  • Multiple cross-chain and crypto-fiat swaps may incur high slippage

Max. Supply

1,500,000,000 KASTA

Initial Supply

37,500,000 KASTA

Initial Market Cap

$1.5 million

Potential Upside of Coin (Based on Market Cap)

-

Price (As at Time of Article)

$1.00

Price Chart (7D)

Trading Volume (24h)

$61,142,067

Wallet Distribution

Total Number of Wallets

1505 (as of the time of writing)

Top Wallet

91.4%

Top 5 Wallets

99.4%

Tech/Financial Edge

High Transaction Throughput

  • The Polygon network boasts a transaction per second (TPS) rate of up to 65,000 TPS, as well as a transaction finality/block confirmation time of less than 2 seconds. As Kasta is built on the Polygon network, it will enjoy all these advantages

Low Fees

  • Compared to the Ethereum network, the Polygon network requires very low fees for transactions. As the average fee on the Polygon network is a mere $0.02 per transaction, projects like Kasta that are built on Polygon will definitely reap the benefits of such low transaction fees

Tokenomics

Inflationary/Deflationary:

  • Inflationary

Max. Supply:

  • 1,500 Million KASTA

Circulating Supply:

  • 37.5 Million KASTA

Advisory & Founders Team Token Allocation:

  • 17% of Max. Supply

Development, Marketing and Operation Token Allocation:

  • 37% of Max. Supply

Exchange and Market Making Token Allocation:

  • 8% of Max. Supply

Seed, Private & Public Sales Token Allocation:

  • 20.5% of Max. Supply

General Treasury Token Allocation:

  • 2.5% of Max. Supply

Percentage of Token Allocation to Community:

  • 15% of Max. Supply

Total Value Locked (TVL)

-

Growth in Daily Transactions

Growth in Daily Active Addresses (From Jan 1. 2021)

-

Social Engagement

Number of Telegram Users

  • 33,785

Number of Twitter Followers

  • 155.9k

Bullish Sentiments

-

How to Invest in/Trade KASTA

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