“The Reality” The real population for the @KASTxyz product are the heavy users of stablecoins for moving money, financial stability, remote work, and solopreneurs. For the first 13-14 months you could only deposit stablecoins, no cash, not even converting crypto, so this group is where we got real PMF. That’s why we now have 3000+ waitlist for our @KASTbusiness product which will have EOR & Payroll and is in Beta now, that’s why we’re building a very cool new social money app for LATAM & Africa. Why we are building a new wealth app (self custodial). Our users/people want these products. We’re also building a new design studio in Singapore and hiring the best globally, to create beautiful brand and products. We’re also mid-way through acquiring two companies. This week, I’ve had war rooms on our new AI chat where you can dictate the KAST app to do anything you want, and war rooms on accelerating fiat even faster. I spent time with global art collabs, to push our brand to go deep into culture itself. Many of our team are in the US building direct banking and card issuance, and I’ve been up in the middle of the night on these calls. So whilst I love all of you on CT, there is another billion people to build for today. The most telling thing? We help 1000+ people a day via our Concierge, and we didn’t have a single ticket about whatever you see on CT. They mostly want help to sign up, and move money. All our products - card, fiat, earn, business, subscription, moving money with KAST Tag, and more - remain at record levels. We actually had our ATH by platform volume in the last 24hrs, annualised >$12B. When we launched two years ago, we had less than $500k in funding, and others had literally billions in funding and/or tokens. As a kid, I was an avid chess player, and especially in the fast version, my strategy was always “maximum pressure”. Always on, offensive chess. The startup versions of this, is absolute product velocity. “Shut up and Ship” is how you win. We’re more focussed than ever. Good luck keeping up…

“I guess you heard” The Top100 people using @KASTxyz all have >1M points. They supported us, referred, spent and stacked from early. Nearly 10K more have >10,000 points. Importantly, we never ever sold a single token or SAFT. The only way to earn points, is using the platform. Even I am down at #27# and I use it non-stop, because others people leaned in so hard. (I’m donating all my points FYI). Unlike pretty much everyone else, we won’t be keeping the equity to ourselves and airdropping a shitcoin to our users. We’re working through details of the structure to transition points (Q4 on track), but at a high level we take the notional value and give equivalency in an equity-linked instrument, using the latest share price investors paid. Entire cap table has diluted to the community, it’s a near 9-figure bucket. We will in addition still run programs to offer cash out, as equity is bought back periodically, and will offer specials like points-for-upgrades, or facilitate buying points (from those who demand it). In business and life, you have to be willing to make the right calls and be misunderstood for a long time. Personally, I think this will be revolutionary. But back to work. The value creation only happens if we continuously ship & deliver. Lots more stakeholders now :)

I’ve been told, that an UX/UI refresh is due on June 15th give or take for @KASTxyz I’ve personally been in the details on this one. Meet the team 3x a week, and we go through literally hundreds of screens and details. We’ve even spent a solid 1hr debating the logo for concierge (p.s. not perfect still). We’re not calling it an upgrade or V3, because it’s the new design system but features remain largely the same (that’s a non-stop shipping thing). That design system flows through to the web and business versions. We also have more awesome design people starting, so the whole app will just keep upgrading. It’s no secret within the company, that I’m wholly dissatisfied with the current state of our UX/UI. We will not stop till we are the cleanest, most feature rich global Neobank. I know it will be a success, when everyone else starts trying to copy us 🤣

All these exchanges and wallets trying to do fintech as a side act, obviously not working. People don’t bank where they trade. They do sometimes trade where they bank. The only exception to this in the history of time, is maybe the Robinhood card.

“Near impossible for MBAs to get a job at @KASTxyz” I actually have a HR rule, that if anyone has an MBA they have to come through my personal approval. Startups are high-risk, high-speed, high-instinct machines. MBAs are literally the opposite. Low risk, otherwise they would spend the years at a startup than spending money and years doing an MBA. Low-speed, because they analyse first than building backwards from an end point and making it happen. Low instinct, because the very fact they self selected into an MBA defines them as lost looking for clarity. Don’t waste your time with an MBA. Go and build. Only building matters, in the AI-era. It is easier than ever.