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KAST's Raagulan Pathy says platform will not issue a token

NewsFeeds update

KAST founder Raagulan Pathy says the stablecoin payments platform will not issue a token, and instead plans to convert user points into KAST Pioneer Units issued by a KAST-linked SPV, with users able to confirm the conversion in the app from early December.

StablecoinsOdailyAINeutral

Read the original on Odaily

The story so far: KAST token plan criticism

KAST founder Raagulan Pathy said the stablecoin payments platform will not issue a token, instead converting user points into KAST Pioneer Units issued by a KAST-linked SPV. DeFi researcher Ignas criticised the plan, saying heavy spending on lawyers leaves unclear what users gain.

  1. KAST's Raagulan Pathy says platform will not issue a token

    KAST founder Raagulan Pathy says the stablecoin payments platform will not issue a token, and instead plans to convert user points into KAST Pioneer Units issued by a KAST-linked SPV, with users able to confirm the conversion in the app from early December.

    StablecoinsOdailyAINeutral

  2. Ignas criticises KAST token plan over legal costs and unclear user gains

    DeFi researcher Ignas criticised KAST's points-to-token plan, saying heavy spending on lawyers leaves unclear what users gain and tokens often fail to align with community interests. He put KAST on his 'disappointment list' alongside Pump, OpenSea and MetaMask.

    AltcoinsOdailyAIBearish

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    StablecoinsCoinNessAINeutral

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.