Kast Card (N/A)
KAST XYZ is a Visa-powered stablecoin neobank that provides users with the ability to receive salaries, pay bills, and transfer funds in stablecoins - just like a traditional banking card. It also offers an "Earn" section where users can earn up to 7% APY.
According to CoinLaunch research, the KAST neobank has raised $90M from multiple leading investors, including Alex Svanevik, Peak XV Partners, and others.
Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.
Kast Card Overview
Kast Card Review
KAST is a Visa-powered neobank that merges fiat and on-chain finance into a single ecosystem, enabling seamless crypto on-/off-ramp and stablecoin payments across 200+ countries.
At its core are the KAST crypto card and mobile app, which allow users to receive salary, invoices, and transfers directly into KAST as well as transactions via Apple Pay, Google Pay, etc, charging little to no KAST card fees. It also offers tiered card plans with additional benefits, including a KAST points multiplier, increased USD cashback, boosted SOL staking rewards, and more.
Meanwhile, in the "Earn" section, KAST bank users are able to receive up to 7% APY by supplying stablecoins to one of two vaults:
- USD Prime Vault: A conservative yield vault by Privy on Solana, backed 1:1 by U.S. Treasuries via the yield-bearing stablecoin $USDKY, offering up to 3.3% APY;
- Gauntlet Alpha Vault: A more aggressive vault by Privy on Base with funds deployed across leading DeFi protocols, offering up to 7% APY.
Learn more about KAST Earn on their website.
🪙 KAST token: According to the website, the platform plans to launch the native $KAST token, with 10-25% of the total supply allocated for an initial KAST airdrop. The primary eligibility criterion is KAST Points, which can be earned by purchasing and using KAST premium cards, staking $SOL, and more.
Based on this, the CoinLaunch team conducted a full review of the KAST card crypto project and identified the following pros and cons:
✅ KAST pros:
- A $1B FDV at TGE, $90M raise, and 10–25% airdrop allocation suggest meaningful rewards for users;
- According to media outlets, the KAST Card generates over $100M in annual revenue;
- Bug bounty program audited by Immunefi;
- Strong digital marketing presence;
- Solid ecosystem of partners;
- Strong network of backers;
- Core team members bring experience from Zoom, Circle, Binance, Wise, and other leading Web2 and Web3 companies.
❌ KAST cons:
- No security audits;
- Current narrative of neobanks (or CEXs) is not in the greatest.
Kast Card Token Economy
Kast Card Token Sale (ICO & IDO) Rounds
Kast Card Marketing Activity
Kast Card Team
Kast Card Airdrop & Retrodrop & Bounty
Description
KAST is a stablecoin neobanking app that offers users stablecoin payment accounts across 200+ countries, including the US, the EU, and more. It allows users to receive salaries, pay bills with stablecoins, transfer funds, and convert stablecoins into fiat, while also providing two yield vaults offering up to 7% APR.
Starting from July 1st, 2024, the project has been running an active points farming campaign for KAST card users, with a confirmed $KAST airdrop. According to the website, 15–25% of the total $KAST token supply will be allocated to the initial user airdrop. Therefore, the CoinLaunch team has prepared a guide on how to participate in the potential KAST airdrop.
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