Here we go again, Kastians! Since our last progress update, we've been busy with internal tests, onboarding new team members, rolling out company-wide analytics, and more! Stick with us ‘til the end of this article for some important announcements that can help streamline your use of our platform. Let’s dive right in.
New Team Members
We just welcomed new developers to the Ka.app team!
With new talent on our side, we’ll have more capacity to develop new features and use cases more efficiently. To the new team members, we’re happy to have you on board!
P.S. There’s an African Proverb that says If you want to go fast, go alone. If you want to go far, go together. Of course we want to go farther, so we’re committed to expanding the Ka.app team! Be sure to follow us on LinkedIn for career opportunities.
Company-Wide Analytics
Growth is our overarching theme this year, and we’ve elevated our efforts by implementing additional company-wide analytics. We’re conducting additional research, gathering data, A/B tests, and analysis to improve our product, and we’re also doing more marketing campaigns. All of these will provide us with improved insights to drive strategic growth in our community and increase usage of our platform.
The best is yet to come!
Exciting Ka.app Developments
We prioritised three aspects of our platform the past two weeks:
a. Ka. Debit Card
Eagerly waiting for our Ka. Debit Card? The card order and activation flows are going through tests and enhancements, and we’re working on the logistics of the card itself! The debit card web page is also in the works! It’ll feature some things you can do with your card, such as paying for your coffee, booking flights, shopping online, and withdrawing cash through an ATM, among many others.
Hang in there and follow us on Twitter (if you haven’t already) to always hear the most up to date information regarding our work in progress.
b. On-Ramp and Off-Ramp Features
If you mainly use our platform for on- and off-ramp transactions, you'll be happy to know that we're actively developing new methods to buy and sell crypto on the Ka. Web App. Tests are ongoing, and more updates—once set in stone—will be announced. Stay tuned!
c. Login and Signup With Google
As we previously mentioned, we're adding the option for users to sign up or log in on the web app with their Google accounts. Expect a quicker and smoother login experience as this eliminates the need to manually enter your email and password. It's under internal review and will go live following a series of quality checks.
KASTA Token Utilities
We also discussed previously that we’re continuously working on additional use cases for the KASTA token. One of them is being able to pay your fees on Ka.app with KASTA. We’re still in the early stages, and other utilities are still being considered, so more details will be shared in our upcoming updates.
Important Announcements
Our product has gone through changes recently that may also influence the way you use our platform. Please thoroughly read the following to stay up to date.
a. Download our web app on your mobile device.
In case you didn’t know, the Ka. Web App is extremely accessible on your mobile device! Yes, you’ve read it right: installing the web app on your phone is possible! Watch this video for a step-by-step guide.
b. The Tier VII promo just ended.
Our Tier VII promo just ended with a bang! The promo period ran for 7 months, and we’re grateful for everyone who grabbed the opportunity to earn up to 15% annual percentage yields (APYs) on their KASTA tokens!
If you’re still locked in Tier VII, you’ll receive your earnings at the end of your lockup period. However, since the promo period is over, no new lockups with 15% APY can be activated. The new APY for Tier VII is back to 8%, on top of the discounted conversion rates (0.376%).
c. We’re removing BUSD from our platform.
If you’ve been reading the news, you’re probably familiar with most exchanges removing Binance USD (BUSD) from their listings starting November 2023. The main reason is that Paxos Trust Company, the issuer of BUSD, will stop minting new BUSD tokens as directed by the New York Department of Financial Services (NYDFS).
If you still have BUSD on our platform, we encourage you to withdraw it as soon as possible. For stablecoin alternatives, you can go for Tether (USDT) or USD Coin (USDC).
Final Thoughts
It’s been a productive two weeks filled with new initiatives, positive changes, and things to watch out for! Plus, we’ve been seeing big surges in signups and transactions recently!
As always, thank you for your continued support, Kastians! We’ve got a long way to go, and we’re glad that we’re making a convenient crypto lifestyle possible with our community!
If you have questions or anything in mind, you know where to reach us. See you on our next progress update!
