We care for all our community members- Quarterly Staking update

In our last quarter, we made our first revenue and as a community-focused company, we want to share this moment in a sustainable way with as many Cashaa members as possible.

Initially, the decision was made that users who will complete the on-chain staking by 25th August, will be able to share the monthly collection from September revenue. Later we have extended it until 30th August, but since blockchain is immutable, we have to manually add all the members who have staked between 25-30th August to share the reward. (This is an exception made only in this quarter as going forward no such expectations will be made and a bonus cycle will be quarter to quarter) In September the total collection was 896,407.20 CAS out of which 134,461.08 CAS (15%) will be distributed among all the token holders holding 19,550,000.00 CAS. We have decided to distribute 132,741.62 CAS from the company share to the token holder holding 19,300,000 CAS who staked between 25-30th August.

Also as this was the first quarter where we moved all our users from the old centralized staking system, we had extended the deadline up to 10th September so that all our loyal members have enough time to move to on-chain staking. Both the extended deadlines were not added automatically by our system.

Please find the list of all the addresses of members who took advantage of the extended deadline and made the chain staking.

New added addresses will receive the bonus CAS by 10th OCT 12:00 PM BST.

 

  • Bonus already distributed to Token staked in the old system as well as in new

system before 25th August = 12,825,000 CAS

  • Bonus already distributed to: Token staked in the new system before 25th

August = 19,550,000.00 CAS

  • Total bonus distributed among 12,825,000.00 CAS staked = 327,000.00 CAS
  • Ratio = 327,000.00 / 12,825,000.00 = 2.50% (July – August)
  • Total bonus distributed among 19,550,000.00 CAS staked = 134,461.08 CAS
  • Ratio = 134,461.08 / 19,550,000.00 = 0.68% (Sept)

 

  • Token staked in the old system as well as in new system after 25th August =

11,550,000 CAS

  • Token staked in the new system after 25th August up to 30th August

= 24,400,000 CAS

  • Additional bonus allocated by company (2) = (327,000.00 / 12,825,000.00) x

11,550,000.00 = 294,491.22 CAS.

  • Additional bonus allocated by company (1) = (134,461.08 / 19,550,000.00) x

24,400,000.00 = 167,818.43 CAS

 

The extended deadline to convert your stake from the old system to on-chain was the 10th of September. An extension and reminder email was sent to all eligible users. In case you have made the on-chain stake after 10th September you are not part of the bonus distribution of this quarter.

New users who have made the stake from 31st August until 30th September will be considered part of the OCT-DEC 2019 quarter.

On-chain staking is compulsory to receive a quarterly bonus and maintain the transparency of the program. If you have staked in the old plan and not made the on-chain you will still be in line for the personal account but you will not receive the quarterly bonus.

As per community request, we have updated the window time to renew the last stake. The stake will get free on the 30th of each quarterly period’s end and the window to renew will be open until the 3rd of the next month. You will need to have a minimum of 0.1 BNB to complete the process.

E.g.: Your last stake will get free on 30th December 00:00:00 UTC, the deadline to stake again is 3rd January 23:59:59 UTC.

Users can choose to stake for a longer duration to not miss the deadline. No exception will be made and your timely cooperation will help us to serve you well.

The Cashaa Team

Cashaa formed a pre-compliance team to increase the bank account opening acceptance rate for crypto companies

Crypto-related businesses are always underserved by banks all over the world. Small countries with relaxed regulations like Malta, Cyprus, etc. might be seen as a friendly destination, but on the ground, the reality is the same and the risk of banking is much higher due to weak administration.

 Cashaa’s mission is to provide a secure and stable banking experience for the crypto community and any other business that has been underserved by traditional banks. In May 2019, we launched our crypto-friendly business accounts with one of the most prestigious regulators in the world providing hope to the entire crypto community. Also, UK banks do not feel comfortable with crypto companies recently resulting in the end of Coinbase’s relationship with Barclays. After Barclays, Coinbase is now looking to work with ClearBank which is the fifth-largest clearing bank in the UK. You might not know ClearBank as it does not service retail clients like Barclays, HSBC, etc.

Accounts opened through Cashaa are already linked with ClearBank’s robust systems with a higher account limit up to 1 Billion GBP. One of the important distinctions in the account opened through Cashaa is the UK current account is on the customer’s name which is not a virtual IBAN account. Each account has its own account number, sort code, and GB IBAN with the swift code ENUMGB21 with instant transfers through FPS, BACS, CHAPS, and SWIFT. To receive international wires, our users can also use CLRBGB22 which is the SWIFT code of ClearBank.

In the last 3 months, over 600 crypto companies have registered with Cashaa and we are overwhelmed with the trust crypto companies have shown in us, but in many cases, the regulated banking compliance team has rejected the application due to many issues in the application. In more than 63% of cases, we observed the applications given by the crypto companies are not filled properly, have outdated or no strong AML policy or founders are unaware of the risks associated with crypto.

We know it’s not possible for crypto companies especially start-ups to have similar resources like Coinbase, that’s why at Cashaa we have formed an intermediary compliance team which will first vet your application with similar standards and share its findings with relationship managers to help our customers learn and fix the issues before sending it to the FCA regulated FI compliance team. Our pre-compliance team will also do random checks once the account is operational to make sure founders are following the policies. This step does not guarantee opening an account but we believe that the acceptance rate will increase significantly and we will have responsible crypto companies in the space. 

Our banking compliance team has approved BTC, LTC, ETH, ETC, XRP, XLM, BNB, and CAS. Any business dealing with the following crypto is welcomed for banking. Our team is constantly reviewing more crypto and is in touch with other foundations to understand their crypto to add into our banking system. Privacy coins like Monero, ZCASH are already rejected and any company dealing with privacy coins will not be entertained by Cashaa. 

 

How applications through Cashaa will flow:

Step 1: Companies will apply online with basic documents and pay the due diligence fee.

Step 2: Founders will be assigned a relationship manager who will help them to complete the documentation.

Step 3: Once the documents are filled to a satisfactory level, they are sent to a Cashaa pre-compliance team for evaluation.

Step 4: If the application is approved by the pre-compliance team it is sent for the regulated compliance team.

Step 5: Compliance team does the EDD and gives the approval on the account opening.

Step 6: The operational team will open the account and provide the credentials to the relationship managers.

Step 7: Relationship manager will provide the access code to use internet banking.

The good news is all the applications rejected by Cashaa will again go through the new process without any additional cost, it’s all on Cashaa for showing your trust in us. All we will need is your time and attention to provide the documentation until we finally get your banking to the same standard as Coinbase at a fraction of the cost.

Learn about us and win $10,000 in CAS on twitter and Binance DEX telegram

Having access to the existing banking system is the biggest problem all crypto companies in the world are facing. Even the giant of industry like Coinbase is not able to save its self from banking problems.

Cashaa has solved it. Yes, you heard it correctly. Crypto-related businesses are underserved by banks and our goal was to create a hassle-free experience for any business wanting to join the crypto revolution. Since we went live, more than 600 businesses have already registered to open their account with Cashaa, so far we were able to onboard only 27 businesses through which we have till now collected more than 2,000,000 CAS tokens in fees. CAS is token for global crypto-friendly banking services, to be used to acquire the regulated banking services which are desperate need of the crypto industry.

This solution would have never been possible without our community members. As Cashaa is progressing with its products and became more than just a whitepaper written during the ICO boom of 2017, we decided to share our success with the CAS holders.

At Cashaa we believe that for long term success of any token a powerful product is a must, and to separate us from the hype we are launching a learning program for users to learn about Cashaa and the banking industry to protect themselves from the unrealistic claims made to get the attention of common users by crypto companies.

Where this campaign will run?

  1. From 1st September -10th September on the Cashaa Twitter channel. 
  2. On 12th September at 3:00- 4:00 PM UTC on Binance DEX channel.

How to participate in twitter QUIZ and get rewarded?

  1. Follow Cashaa Officalour CEO  on Twitter
  2. Every day starting from 1st September till 10th September, Cashaa twitter will post 3-5 questions each day.
  3. Answer the question by replying to the question tweet.
  4. Retweet the question to share with your friends and family.
  5. Max of 100 participants with the correct answers for each question will be rewarded.
  6. You have to post your BNB address with the answer to receive the rewards.
  7. Fake or duplicated Twitter account will be not counted for the rewards.
  8. The reward will be distributed the next day at 15:00 UTC.

How to participate in Binance DEX Quiz and get rewarded?

On 12th September from 3:00 PM-4:00 PM UTC, our CEO Kumar Gaurav, will do an AMA session as Binance DEX telegram, channel following the 15 Min Q&A, You will be rewarded for asking questions during the AMA moderated by Binanace DEX admins.

At the end of the article, we have posted some creatives which we can use to inform your friends and family about the AMA. Join the AMA and know why and how Cashaa is solving the core problems of banking for the crypto industry.

 

Where I can learn about the Cashaa?

  1. To know about Cashaa Product you can visit www.cashaa.com
  2. You can also read articles at our Knowledgebase
  3. You can follow the official telegram to be updated about the announcements.
  4. You can join the to ask as many as questions to learn about Cashaa from the community at Cashaa community channel and the Binanace DEX channel

 

Thanks

The Team Cashaa

 

 

Learn about Cashaa and win $10,000 in CAS on twitter and Binance DEX telegram

Having access to the existing banking system is the biggest problem all crypto companies in the world are facing. Even the giant of industry like Coinbase is not able to save its self from banking problems.

Cashaa has solved it. Yes, you heard it correctly. Crypto-related businesses are underserved by banks and our goal was to create a hassle-free experience for any business wanting to join the crypto revolution. Since we went live, more than 600 businesses have already registered to open their account with Cashaa, so far we were able to onboard only 27 businesses through which we have till now collected more than 2,000,000 CAS tokens in fees. CAS is token for global crypto-friendly banking services, to be used to acquire the regulated banking services which are desperate need of the crypto industry.

This solution would have never been possible without our community members. As Cashaa is progressing with its products and became more than just a whitepaper written during the ICO boom of 2017, we decided to share our success with the CAS holders.

At Cashaa we believe that for long term success of any token a powerful product is a must, and to separate us from the hype we are launching a learning program for users to learn about Cashaa and the banking industry to protect themselves from the unrealistic claims made to get the attention of common users by crypto companies.

Where this campaign will run?

  1. From 1st September -10th September on the Cashaa Twitter channel. 
  2. On 12th September at 3:00- 4:00 PM UTC on Binance DEX channel.

How to participate in twitter QUIZ and get rewarded?

  1. Follow Cashaa Officalour CEO  on Twitter
  2. Every day starting from 1st September till 10th September, Cashaa twitter will post 3-5 questions each day.
  3. Answer the question by replying to the question tweet.
  4. Retweet the question to share with your friends and family.
  5. Max of 100 participants with the correct answers for each question will be rewarded.
  6. You have to post your BNB address with the answer to receive the rewards.
  7. Fake or duplicated Twitter account will be not counted for the rewards.
  8. The reward will be distributed the next day at 15:00 UTC.

How to participate in Binance DEX Quiz and get rewarded?

On 12th September from 3:00 PM-4:00 PM UTC, our CEO Kumar Gaurav, will do an AMA session as Binance DEX telegram, channel following the 15 Min Q&A, You will be rewarded for asking questions during the AMA moderated by Binanace DEX admins.

At the end of the article, we have posted some creatives which we can use to inform your friends and family about the AMA. Join the AMA and know why and how Cashaa is solving the core problems of banking for the crypto industry.

 

Where I can learn about the Cashaa?

  1. To know about Cashaa Product you can visit www.cashaa.com
  2. You can also read articles at our Knowledgebase
  3. You can follow the official telegram to be updated about the announcements.
  4. You can join the to ask as many as questions to learn about Cashaa from the community at Cashaa community channel and the Binanace DEX channel

 

Thanks

The Team Cashaa

 

 

Last chance to be part of the July-September 2019 Bonus reward

CAS is token for global crypto-friendly banking services, to be used to acquire the regulated banking services which are desperate need of the crypto industry. Even the giant of industry like Coinbase is not able to save its self from banking problems.

At the time of writing this email, more than 600 businesses have already registered to open their account with Cashaa, so far we were able to onboard 27 businesses through which we have till now collected more than 2,000,000 CAS tokens. Our onboarding and operations team is learning as well as growing to onboard more businesses to increase the utility of CAS tokens. As part of our newly introduced staking program, a part of this will be shared every quarter with users who have subscribed for the personal account.

At Cashaa we believe that for long term success of CAS token we need to have a powerful product and as a company, we are fully dedicated to it.

Crypto is all about transparency, and CAS is proving it.

We have migrated CAS to the Binance chain, and using the on-chain staking feature to bring transparency in our staking program. Staking directly on-chain has many advantages compared to centralized staking:

  1. Tokens will be locked on your address for the time period specified by you.
  2. The token will never leave your address, which means you are always in control.
  3. You will able to see on-chain how many users are participating in the staking program with complete transparency.

All the users who will stake before 30th August will get the bonus from the fees collected from 1st Sep till 30th Sep in addition to the upcoming quarter’s fees.

What you have to do now:

  1. Acquire CAS at Binance DEX
  2. Login in to your Cashaa account.
  3. Generate a CAS BEP 2 address in your Cashaa account.
  4. Deposit the CAS token into your Cashaa Wallet
  5. Go on the subscription page, select the plan to stake the token.

To know more about the staking program and bonus rewards click here. For any questions please raise a support ticket on Helpdesk.

Update on CAS BEP 2 release of Tuesday, 20 August 2019

To be notified that 22 addresses who are expected to receive swapped CAS Bep2 today have been postponed for tmr at 12:30 PM BST.

0xF4A35Ed16B3Fcc3FeFF4c7916FeB2979977218E7
0x64c78FD98CE9632d3Cd3F4469f3bA87f55353BFd
0x36BE106606bf101c702804D34F66bC7b09dE4C2F
0xB1757Fff3C1ebAd6D83A5642E8e57e44625da1dC
0x310BF09956Fa13cD77B69274180e59eC23f06Eb0
0x69847472b9b6D9AE141f6b9d6af51765f652f55D
0x86dABC92AD4a507F42630305F76D61e11D4E5D45
0xDe3a7300eee7DA844cf42469e053000c7356619C
0xcD5ACfC48D66D66cD3943B379De03A14b612c1B9
0x854e40A8FF24A53E35076f20cC3bafD711d7a37D
0x2B2FC6035925E624346D994906D626b9AB5b99C6
0x0e76C97c936E742D2bbCB09DE0456F52bddE727b
0x81590cFF274871E55FaBA115cb480E7c5B575948
0x1F4AFf2f955763db36F02a44a3D7078630C214dB
0x3a2BbcF33e4143a7A569CB1EE6c5eA7dF585D2b7
0xD90d197C1A4e54c05cCD5f368a78c6B1dE57d20E
0x732C627C9ed5033161e24f1700342b7722095703
0xD28aEDa45dAa9e931771bf1f2A0a48fabD13B725
0xAEDa2781a9591EF825861D5077bAd98dc9FfEbb6
0x15F993111F1a48A9EA1A8e48Fb3aFFf2264fdC5C
0x5DA3cf947d0030B0A64f3E0EA59F0C7e2Bb08bBf

For more upcoming dates please visit https://help.cashaa.com/knowledgebase/cas-bep2-token-release-trading-all-you-need-to-know-2/