The Program

To accelerate adoption of KAST, we are introducing the KAST points program.
In designing our program, we researched many others, to see what people want, and what they don’t want.

Our program differentiates with the following set of principles:

1. Clarity: You know exactly the conversion of points to future tokens
2. Community>Others: As a percentage, community always has more than 50% of all unlocked tokens
3. Long unlock: Keep points available, so the community gets rewarded till post-2030
4. Reward early users: Big early unlock, then it points progressively become scarcer with each season 
5. Reward long-term aligned: The program gives preference to those aligned to KAST’s mission for the long-term and not just “points farmers”

We also want to be clear, on what we want to reward/incentivise:

1. Earliest users: who sign up and use our platform first
2. Referral: those spreading the word about KAST to their community
3. Utility: spending, top up & balance, on off-ramp, use features
4. Loyalty: lock up of points, to show alignment with KAST 
5. Adoption: first to engage with new features on our platform

We will also work with ecosystem partners, to offer multipliers and incentives, so KAST is integrated with other communities.

The Layout

Keeping true to clarity, below is the initial layout of the KAST points program.

Earn Schedule - Community & Ecosystem:

• Phase 1 earn: beginning to TGE = 15-25%
• Phase 2 earn: lasts 2-6 season = 5% target 
• Each phase thereafter = 10-25% less points unlocked than previous phase
• Until points are exhausted past 2030
• Points bought by KAST Treasury, maybe released to community post-2030

As points become harder and harder to obtain over time, it ensures the early users are rewarded the greatest. The final unlock mechanism for earnt tokens, will be determined near TGE.

Tokenomics are designed so a wider base of revenue, results in a greater dollar amount of buy back vs a backdrop of reducing unlock of tokens.

Unlock Schedule - Founders, Employees & Investors:

• The group is locked for at least 6 months after TGE
• Founders & Employees have a 3-year vest post lockup after TGE
• Investors have varying vest schedules, but;

• Can not unlock before 6-months post TGE
• Investor tokens should not exceed 30% of all tokens
• At all times, the founder/employee/investor unlock should be less than community

Tokenomics:

1. Utility rewards such as lock tokens, in return for lower platform fees, multipliers on rewards etc. The aim is to ensure >80% of tokens are staked/locked.
2. 20-50% of revenue will be allocated to buyback tokens, but the timing will be at discretion of the foundation. This is sothe foundation can ensure a stable price mechanism.

The other things to know

1. Before the TGE (expected 2025), we may reprice the notional conversion value or a point. For example, it may change from $0.03 to $0.05-$0.20. This will be based on demand factors for the token, and should allow for early token earners to see token appreciation even ahead of TGE [this example is only to illustrate the mechanism].
2. The program may not be available to US citizens, US residents, residents of North Korea, Cuba, Iran, Syria, and Sudan.
3. The buy back program, sees tokens bought on the open market using revenues of KAST. But the tokens will then be held within the KAST treasury with the aim of supporting the tokens long term price sustainability and supporting the community.

DISCLAIMER

Please note that the KAST points program and the referral program are subject to the terms and conditions set forth by KAST. Participation in these programs constitutes acceptance of these terms and conditions. KAST reserves the right to modify or terminate the programs at any time without prior notice. For detailed information, please refer to the official Terms and Conditions document.

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