Kasta
Crypto Overview
Purpose and Utility
Kasta is a payment protocol built on the Polygon network that aims to facilitate peer-to-peer transactions and cross-border payments. The KASTA token serves as the platform's native utility token, used for governance, staking, and transaction fee discounts.
Business Model Analysis
The protocol's core functionality revolves around facilitating payments and transfers, which aligns with permissible Islamic financial activities. The platform does not inherently involve interest-bearing products or impermissible activities.
Real-World Adoption
Kasta has launched its mobile payment application and has established partnerships with various payment providers. However, current adoption metrics are limited in terms of public data availability.
Development Activity
The project maintains active development on its core payment infrastructure, with regular updates to its mobile application and backend systems. The team continues to work on expanding features and improving user experience.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. While specific percentages are not publicly disclosed, the presence of vesting schedules indicates some level of commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Kasta from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Kasta.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.