- Summary:
- Exchange platform AscendEX has announced the listing of KASTA token. What is the significance of the move?
Cryptocurrency exchange platform, AscendEX, has announced the listing of the Fuse token (KASTA). The token will trade as KASTA/USDT pair, beginning March 10, 20222, at 2 PM UTC. Consequently, users can buy, hold or sell KASTA like any other cryptocurrency. The KASTA token is native to the Kasta network, a mobile-centric crypto payments platform. The token is central to the Kasta network’s goal of broadening the use of cryptocurrencies around the world.
All main onramps in the crypto space are compatible with Kasta’s infrastructure, which includes a fiat onramp service. As a result, they are able to swiftly locate the lowest fee offerings and KYC requirements for their clients. In addition, provide a diverse variety of fiat offramp services, such as bank transfers and debit cash outs.
Cashback and cryptocurrency debit cards will be available to KASTA holders in addition to high yield rates, reduced exchange fees and lower transaction costs. Those who stake KASTA will also be able to design their own debit card. Furthermore, they can team up to create staking pools to earn higher rewards. It gets better for those who stake their tokens because they will earn voting rights courtesy of their KASTA holdings.
About Kasta
Kata is a mobile-centric crypto payments platform. Its mission is to accelerate the widespread adoption and expansion of the cryptocurrency economy. They hope to make cryptocurrency payments more accessible to the general public by establishing themselves as a major player in the industry.
Kata took a hybrid approach when building the platform’s system. With its modular design and best-in-class implementation, it accomplishes all three of its primary goals at once. Also, it uses BitGo as a wallet provider for the service. As a result, cold storage wallets and multi-signature security procedures are now part of its security architecture.
About AscendEX
A cryptocurrency exchange launched in 2018, AscendEX offers staking, spot and futures trading along with other services. Additionally, the company supports over 200 blockchain projects. By supporting some of the most innovative projects from the DeFi ecosystem, AscendEX has emerged as an industry leader by the ROI in its “initial exchange offerings”.