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
