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
