CASHAA — POS REWARDS — BOON OR A BANE?

Recently, CASHAA announced its new PoS (Proof Of Stake) Reward Scheme of unsold tokens which triggered concerns among few ICO participants.

Let’s first understand the Reward Scheme in brief. Cashaa had rejected around $14.1 Million for non-compliance of KYC during its ICO. Additionally there were unsold tokens as well totally amounting to around 192 Million tokens which were initially planned to burnt, but later in the interest of the community it was decided to give it back to the community as Rewards.

The POS — Proof of Stake Scheme is to reward all the holders of Cashaa at the rate of 0.7 token for every Cashaa token held as on 08th June 2018. It means there is a reward of 70% of tokens to people who could prove their stake by registering on the Cashaa site with their wallet as on 08th June. The reward shall be distributed over a period of 7 months proportionately. The only condition is to hold the tokens throughout the 7 months or at the very least on every 8th of subsequent months starting from July after the first snapshot taken on 08th June. They could buy more after 08th June which would not be considered for the reward, however in the subsequent months, if they have reduced their stake below their 8th June snapshot, they would receive lesser in the subsequent months.

It is imperative to mention here that people who participated in the ICO received their purchased tokens and also their respective bonuses which were committed by Cashaa. These unsold tokens of 192 Million are a compliment & reward to the community. Basically these are FREE Airdrop type Rewards.

Few claim that these unsold tokens are to be distributed only to the ICO participants irrespective of whether they sold or held their tokens as on 08th June. Firstly, as these are FREE Tokens Cashaa has no obligation to burn it or reward it to only ICO participants. Secondly, after the ICO, there was an overwhelming response from the community and many started buying more Cashaa including the new community members who missed the ICO. It was Cashaa Team and CEO Mr. Kumar Gaurav’s generosity to come up with this PoS Scheme and to Reward all the HOLDERS with Unsold Tokens.

Few of the ICO participants who had sold their tokens feel that they have been betrayed and claim that they should have been indicated about this PoS scheme earlier so that they wouldn’t have sold their tokens.

I would like to just bring an analogy with respect to the PoS scheme. Supposing you invested in an IPO (Initial Public Offering) in the Stock Market and then you receive your IPO stocks and bonus rewards if any as committed during the IPO. Later after the IPO period and once the stocks get into the secondary market would any company or the organization recommend buying or selling their Stocks? Once you have bought the stocks in the IPO, it would be an individual decision to sell the stocks or hold it as per your own analysis and the prospects that you see in the stock. Similarly, why & how would Cashaa advise its Holders to sell or not sell the tokens?

Now let’s take two scenarios, supposing the company at the end of one year decides to share the profit to the shareholders on a particular day, would the company share their profits to the people who sold their stocks or people who hold the stocks as on date? Obviously you would get your dividends only if you hold the stocks right?

Let’s take an another scenario, supposing the company decides to reward their shareholders (purely a reward) through additional stocks or anything else for that matter, will the company give it the people who hold the stocks or to the people who have sold it?. A Reward is generally a surprise decision taken according to the current scenario. Why would any company announce a reward scheme well in advance while it was never a strategy to lure investors during ICO / investments?

So, if we look at the Cashaa’s PoS Reward scheme carefully, it is a compliment / reward which was never committed or used as a strategy to get more ICO participants. As a matter of fact Cashaa rejected $14.1 Million due to strict KYC compliances. Kumar Gaurav has proved in several instances to give back to the community and he has done it this time too by this PoS reward. He chose to reward every single person who have bought during ICO and held it till now and also reward every new community member who missed the ICO, but joined & started to trust Cashaa & the team.

There are still a few who ask that they participated in the ICO and had contributed to the take off the project thereby feel dejected about this PoS scheme as they sold the tokens soon after the ICO. Cashaa truly acknowledges this fact, however we must remember that Cashaa is a Utility Token and its true purpose hasn’t been achieved yet. The actual roadmap has just kicked-off and the product is not yet fully ready for the Utility. If people are dumping the product before even it is live, the question is “Are you genuinely trusting in Cashaa’s vision and its Utility?” If so, you would have either held on to your tokens or buy back the stake & got the POS rewards…

Above all, Cashaa had announced this PoS scheme almost two weeks back giving another opportunity to the SOLDERS to buy back and prove their stake. It wouldn’t be any loss to people who wished to buy back during these two weeks since they would be getting 70% more tokens by this reward. And the Price after seven months…. Time will Tell as we move ahead on the Roadmap….

Hence almost everyone in the community is extremely overjoyed by this great initiative by Cashaa & Kumar and feels that the POS Rewards is really a BOON to the Cashaa Community. Thanks!

How do you come to a conclusion and abuse Cashaa as scammers? Firstly, the Unsold tokens were the ones initially rejected from ICO from ICO non-compliance of KYC & actual Unsold. They rejected around $14.77 Million which they could have made easily if they were scammers. Yes, the initial place was to burn these unsold / Non-KYC rejection tokens of around $192M, but later in the interest of community Cashaa decided to distribute it among Cashaa ICO participants which they are fully entitled too. Plus there was tremendous support from the community for sharing the Unsold tokens among the community instead of burning.

The public token sale (ICO) participant on an average received 52.5% bonus and on the 5th of June, the ICO participants were supposed to receive additionally (over and above 52.5% average bonus) 1.03 for every token purchased. But now the ICO participants will get rewarded also on the bonus increasing the distribution to 1.06 for every Cashaa purchased. (1.52%*0.7 = 1.06)

Additionally through the POS (proof of stake) program, whoever didn't get a chance to participate in the ICO and who bought Cashaa through exchanges will also be rewarded 0.7 CAS for every CAS token they hold as on 5th of June distributed in a period of 7 months.

The entire POS program is to reward the loyal Cashaa believers & who trusted the project and held on to it. (both ICO participants & Buyers after ICO)

Lastly, people got whatever they purchased and whatever bonuses they were promised at various stages during ICO and this program is entirely FREE one (over and above the Bonus / bounty etc.,) which they (Cashaa) never announced it during the ICO to lure investments. How can anyone question what you get FREE which was never committed during ICO in the first place? My only request is not to mislead people here with all due respect to your views. Thanks!