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raagulanpathy
@raagulanpathy
The Stablecoin Guy | Building @kastxyz | Investing @JaffCap | Ex-VP of Circle in APAC
Joined January 2009
1.4K Following    11.7K Followers
“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 :)
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