“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 :)