FAQ — Token Swap, Bonus CAS, and engage on Binance DEX listing!

Great to see so much excitement about our upcoming CAS token swap from ERC20 to BEP2, and the prospect of getting listed on Binance DEX(and possibly more)! Please read the below FAQ before raising a query on the helpdesk.

1. When will the CAS SWAP start?

SWAP will start on 25th June 2019 at 12:00 PM BST on www.cashaa.com

2. How to SWAP my existing CAS (ERC20) token?

You will have to log in to www.cashaa.com, If you do not have an account please register for an account. Click on CAS SWAP option, added on the Menu Bar to access the SWAP page. On CAS SWAP page you will find a CAS ERC-20 address to send your existing CAS token stored in Hardware wallet, Cashaa CMC, MEW, Metamask, or any ERC20 wallet.

If you have tokens stored at the exchange, withdraw them to ( Meta Mask or MEW) before sending them to the SWAP address.

The SWAP ERC20 address is unique for each user, do not send the token to any other address given on the internet or article or shared by any Cashaa support team or anyone claiming any offer for SWAP. (This page will be live on 25th June 12:00 PM BST)

3. What is expected Date to receive SWAPed (CAS-BEP2) Tokens?

The distribution will happen on FCFS ( first come first serve basis), to operational process the distribution will happen in batches. You will receive your expected DateTime in your email. The first batch will be released on 2nd July 2019.

4. Will my token in Cashaa Wallet be automatically swapped?

No, Cashaa CMC is a user-controlled wallet like your Meta Mask or MEW, you have to send the token from your Cashaa CMC wallet to the SWAP address in your account to complete the SWAP.

5. How to SWAP my staked tokens, they are locked in my account?

When you will initiate the SWAP process from the Cashaa CMC Wallet, it will send all your tokens present in your wallet (Staked token for account+ available balance), to the SWAP address automatically. You will receive the equivalent CAS (BEP2) which will automatically get staked back. There will be no change in function on your account or pricing benefit you are getting due to the upgraded plan after staking.

6. How to SWAP spendable CAS?

Spendable CAS is introduced for the user to pay a transaction fee at the Cashaa platform, the amount in your spendable CAS is controlled by Cashaa and automatically will be swapped to CAS (BEP2). You do not have to do anything. The SWAP will have no effect on your spendable CAS balance.

7. How to get the participation bonus for supporting the SWAP?

This only applies, if you participated in the voting process before or on the deadline of 15th July 2019. The address which is eligible for the bonus can be seen here.

Send the tokens to the swapping address given on the website from 25th June onwards. The system will match the address you used to vote and all the incoming transactions and will allocate your bonus tokens.

Please note: The bonus will only be given if the tokens for the SWAP will come from the address from which the vote has been made. DO NOT MOVE TOKENS TO the other address other than the SWAP address.

8. Where will I get my participation bonus?

  • All addresses which participated in the voting are recorded with the number of tokens at the time of closing of votes.
  • After the SWAP is complete, the system will scan the total number of addresses that voted and matches them with the token address that came for the SWAP.
  • Based on the snapshot, every address has already been allocated a certain % of bonus from the pool of 5 Million CAS.
  • The bonus will be only given in the Cashaa wallet, not outside the system.
  • Please note that bonus tokens cannot be moved from the wallet for the next 12 months.

9. Where I can receive the CAS (BEP2)?

You can receive the BEP2 CAS to any wallet address which supports BEP 2 tokens.

Cashaa wallet, Trust, Ledger Nano S, DEX are the recommended wallets.

10. What are the next steps for the Binance DEX listing and how can we help?

We are applying for the Binance DEX listing, which will depend on community voting and engagement. Therefore, we would like to ask you to create a personal account on https://community.binance.org, where you can find the listing proposal here.

11. How can I buy CAS token NOW?
You can buy CAS token after registering on the Cashaa platform. All users who have purchased CAS token after 1st June 2019 will receive directly CAS (BEP2)tokens. No swapping is required for your tokens.

12. What is the last date to complete the SWAP?

The SWAP will continue till 25th Dec 2019 (180 days). From 25th June- 25th
September (90 days), there will be no fee for swapping. After 25th September there will be a fee of 1% or min 50 dollars in CAS tokens as a fee.

Note: All existing ERC 20 tokens can only be used to SWAP with BEP 2 CAS, after 25th Dec, all the tokens which left unclaimed will be burned.

13. When the user will get the lost tokens?

In the case of loss of private key/scammed/hacked cases.

The user who has already applied for their cases with the proof of ownership will be notified if we receive any tokens from the address they have reported. The current owner will be given 30 days to prove the source of the token, in case of such an event. In case of failure to proof, the Cashaa committee made along with Cashaa knights (community members) will make a decision on a case by case basis by reviewing all the facts. In case the reported address did not send the tokens by 25th December, the victim will receive the tokens after presenting its case to the community. Users can expect to get their tokens recovered by 10th Jan 2020 all such cases.

14. Can’t see my deposited ERC 20 CAS transactions on the Cashaa SWAP page?

This will depend on how fast the Ethereum network can complete your transaction. Please pay a higher gas fee, we have noticed that in general, the Ethereum network is running very slow and it can take up to 6–12 hrs to reflect your transaction. You can check the transaction status at https://etherscan.io

Please vote, comment and share, and bring as many fellow Cashaa community members as possible to support the listing as well.

The more support we get in the form of votes and comments, the better our reputation and the faster the listing process will be. This not only applies to the listing on the DEX but also to move from the DEX to the central exchange.

As we have seen many times, most recently in the Blockchain for Business Award with an amazing second place for Kumar, we can achieve everything together!

The Cashaa Team

The Next Generation Banking Platform

When Binance? Now! How to join us in our new chapter!

Congrats to all the participants who exercised their right to CAS token governance. The result is very clear, our community supported our suggestion and voted with an overwhelming YES. Holders of more than 300 Million Tokens have participated in the voting process which ended with 99.2 % who supported the SWAP, while 0.8% were against the SWAP.

This is a great result and we can clearly see that putting the community first is the right decision for Cashaa and that we can advance best if we advance together!

The results including details token numbers can also be seen here.

We would therefore now like to officially announce that the swap is going ahead and we use the SWAP opportunity to migrate the ERC 20 CAS token to Binance Chain. The distribution of Binance chain (BEP2) CAS will start on 25th June. You can also find the CAS asset page on Binance Chain here, for the full list of Binance-based tokens, see here.

Why Binance Chain?

What started from our wish to help some individual community members who lost their tokens from MEW and MetaMask, resulted in the immense opportunity for us to connect to the expanding Binance ecosystem, which means a great sign of appreciation for us, and which was the main reason for us to choose the Binance Chain.

Other advantages of the Binance Chain include its speed, security, ease of use, efficiency, as well as the advantage of us still being one of the first adopters and pioneers to make use of this opportunity. Furthermore, as you know, Binance over the past years had an outstanding, impressive success story and has become one of the most well-known names in the crypto space, which leads to further trust for us as a business to partner with them.

Now we have the answer to ‘When Binance?’, but not only concerning a potential token listing but an ongoing collaboration that will result in the greater good for the crypto community. We are proud to be able to contribute to the Binance ecosystem with our highly-in-demand business accounts, being able to also bank every business building on Binance chain.

The Binance DEX

Our token listing process on Binance DEX will start soon, to join the first generation of tokens which are traded at one of the most sophisticated decentralized exchanges in the world. To set up your DEX account you can follow this tutorial.

Community support is very important for the listing process, Binance just announced that projects with the highest support on DEX will be also listed without any fee on Binance.com.

As CAS is among the few utility tokens in the world which are needed for more than speculative purposes, you can currently buy CAS tokens through the Cashaa platform by bank transfer/credit and debit cards/crypto for your needs.

How to swap your tokens?

  • Create an account on https://www.cashaa.com and click on “Swap CAS”
  • Transfer existing (ERC-20) CAS to the given ERC 20 address displayed on the page.

(You have to do this even if you hold CAS in Cashaa wallet, to be reminded Cashaa is a decentralized wallet and we can’t do anything until you initialize the transfer)

  • Once you made the deposit, you have the option to receive Binance Chain (BEP2) CAS in either your Cashaa wallet address (BNB chain address) or any other wallet supporting BNB Chain (for the list of compatible wallets, see here.)
  • If you decide to receive it in your Cashaa wallet, select ‘open a BNB wallet’ and enter the Binance chain address displayed in your account.

We will release the new tokens in batches to optimize the distribution cost, so please do not worry if you do not receive your tokens right away. You will receive an email when the batch is ready to send the tokens with tx id and the amount.

While multiple wallets are compatible with the BEP2 token, we advise you to make sure you store it as safely as possible — in the Cashaa wallet but do have the 2FA in place.

We are excited for the times ahead, looking forward to joining the Binance ecosystem including their businesses and community members. This is not only a new chapter for CAS token but also a promising new chapter for all of our journeys in Cashaa together!

For more information on the next steps including the Binance DEX voting and listing process, see our FAQ here.

The Cashaa Team

The Next Generation Banking Platform

Bug Bounty Announcement — Help us be our best and get rewarded!

What a month it has been so far!

As over the past years, we often received useful suggestions from our community that helped us become what we are today, we want to involve you more closely on our journey.

We are now at a crucial stage of shortly starting distributing the personal UK current accounts with Mastercard, starting from July for users who participate in our referral program, and becoming available for everyone by the end of 2019.

We are expecting an even higher growing influx due to retail accounts, in addition to our growing number of business accounts (currently already over 400!). We will need your input more than ever, to make sure we are at our best!

We would like to reward any contributions from our community that are crucial for a smoothly working platform, and therefore announce the launch of our bug bounty program!

If you find any bugs, please report it here. After our team examined your report and evaluated the seriousness of the bug found, we will reward you accordingly. Reported bug and user name will be listed on the Cashaa website’s Bug Bounty page for their valuable contribution with the reward given.

You can also use this form for any other feedback you may have for us.

Looking forward to hearing from you!

The Cashaa Team

The Next Generation Banking Platform

Meme Competition Extension -Get creative and Win 50,000 CAS!

Update! We have extended our competition until 18th July!

More time for you to get creative and spread your love for Cashaa!

We have received some great submissions so far, and now would like to give you 2 weeks more to also spread your fantastic ideas! We are sure that in these exciting times in the run-up to our CAS listing on Binance DEX, we’ll see many more contributions!

The Binance DEX listing on 18th July not only is a big step for CAS token, but also a big step for us as a company and as a community to reach an even bigger audience and bring crypto-friendly banking to the world. Let’s show our enthusiasm for what is ahead, as spread the word as much as possible!

Please find the updated guidelines below:

How to participate:

1. Create your meme/gif.

2. Save the meme/gif with your full name _cashaa ( Ex: Ana_Maria_Cashaa)

3. Follow Cashaa and Kumar’s profile on Twitter.

4. Post your meme/gif in Cashaa Telegram community, Twitter, the Binance ForumRedditFacebook, and Bitcointalk.

5. Send them to ana@cashaa.com with the subject “Meme competition” with your twitter handler, and link of your meme on the internet.

→ The meme/gif who gets to be the most popular in the Cashaa community Telegram channel and Twitter in the coming 2 weeks until 18 July will be the winner!

Guidelines:

∙ Be sure to highlight the Cashaa name together with the logo, put Cashaa’s name or Cashaa hashtags where appropriate in your submissions

∙ Gifs will naturally be different concerning creation and standards compared to memes. Have a look around the internet and see what good quality memes and gifs look like, then create something amazing of your own.

∙ Participants can submit as many new quality gifs and memes on the channel.

∙ Participants can only win one prize each per contest. i.e., a person cannot win 1st and 2nd in the same competition or any combination of the placements for anyone competition). However, each participant can submit entries to both competitions and potentially win up to two prizes in total.

∙ Let your imagination run wild! No rude or explicit content. Do not send the same gif/meme several times. Thank you.

→ QUALITY and fun are the keys if you want to WIN!

The Prizes!

We have 2 categories, meme competition (SUBMISSION DEADLINE 18 July 2019):

1st place: 10,000 CAS 🥇

2nd place: 7,000 CAS 🥈

3rd place: 4,000 CAS 🥉

and gif competition (SUBMISSION DEADLINE 18 July 2019) :

1st place: 15,000 CAS 🥇

2nd place: 9,000 CAS 🥈

3rd place: 5,000 CAS 🥉

We are looking forward to the final 2 weeks of the competition with which we would like to celebrate the Binance DEX listing together with all of you!

The Cashaa Team

The Next Generation Banking Platform for The Next Billion

Community AMAs 7th July 2019 — Write-up

Thanks to all who joined us on Sunday in our monthly community AMAs!

Let’s have a look at the topics discussed!

Product Development

BEP2 Capability

As we already informed in our monthly summary article for June, Cashaa Wallet now supports BEP2 assets. So far supporting CAS and BNB, we expect that from August on we have a dynamic capability where every business with a token on Binance chain can use our wallet to give to their community as a wallet that supports their token.

This is one of the next steps in our roadmap and a good opportunity as it is very new and there are not many such wallets yet.

Business & Personal Banking

In addition to our over 400 business signups, we last week issued our first personal IBAN account to a community member who successfully referred a business user. We want to support those early users who refer businesses to us, as banking underbanked businesses is our main goal for 2019.

Blockchain Innovator Award

Again a big thank you to all of you for having voted for Kumar and having enabled him to become 2nd in the Blockchain Innovator Award at London Tech Week, before some of the big names in the blockchain space such as Stratis and ConsenSys.

Operational Development

Business Customer Onboarding

We are still optimizing our operations and due to the huge number of signups, we are considering to filter our applicants, and at first limit our checks to customers with over 5 Million GBP, to maintain a healthy cost vs revenue balance.

On the personal account side, we are still only intending to give accounts to community members who are also CAS token holders and not to the masses yet.

Customer Support

We have made significant improvements in this area, we have now closed all open issues and have same-day replies established. We now have dedicated customer support for all onboarded customers. As our customer, you will have a personal contact at any time for any of your banking issues. We are still hiring and training more team members and are looking to add more virtual dedicated account managers, so we can give you 24/7 support for all your banking needs no matter where you are based.

Marketing & Sales

We will launch a series of Twitter and trading events with Binance around our coming listing on Binance DEX to bring CAS tokens to market.

The last CMC banner marketing got us 58 business customers, adding to our already huge pipeline of leads, due to which we have no plans to start GoogleAdwords until a later point during Q3 2019.

Partnership and Referral Marketing

In addition to the 4 legal and accounting firms that already signed up as our strategic partner to bank their clients with us, we are expecting an overall 50–100 companies to join. We will create an app where we will list all of these businesses that would also function as Cashaa office where you can go, submit your documentation and easily open your Cashaa account.

Due to all the technical changes required, we have not been able to add the referral codes to users’ accounts yet, so far you will still need to make an email introduction. We are expecting to have the referral codes up on 1st August.

There are more exciting features to come! New advantages for our personal users that refer us to a business customer, in addition to getting a personal IBAN account and 150 USD for additional referrals, will be the upgrade to a higher tier, and up to 5 % interest if you keep your EUR with us.

CAS Swap

A total of 119 addresses have been reported by the community related to unfortunate incidents with their CAS tokens. We now have an automated system to look out for scammer addresses, and we will switch to using this automated system on Tuesday, and be able to less rely on manual checks, which will speed the process up.

So far 800 users have requested to swap, all their tokens will be distributed by 12th July.

Please make sure you fulfill the KYC tier applicable to you, see here.

Please find the complete presentation here, also make sure you follow Kumar on twitter @kg_Cashaa !

Our next monthly AMA will take place on Sunday, 4th August, at 3.30pm BST.

The Cashaa Team

The Next Generation Banking Platform

Use Mastercard and Visa Credit/Debit Card for purchasing CAS token

More reasons to join us now — we keep delivering according to our roadmap, after launching our Business Banking services we are glad to announce that we have started credit and debit card payments to allow users to securely buy CAS tokens.

Login to your account now to try our new features, and share this great news with all your contacts! For our coming milestones, see our roadmap here.