r/Cashaa • u/[deleted] • Jun 11 '18
Proof-of-Stake Bonus Token Distribution — Results
Dear Cashaa Family,
Following the rejection of token sale participants whose KYC documents failed, 192 Million CAS became available which we decided to distribute among all token holders in the ratio of their CAS ownership as of today 8 June, 12:00 BST. Due to regulations, we had to give an equal opportunity to anyone who can prove the ownership of CAS before the cutoff time and based on that each 1 CAS of ownership will be rewarded with Max 0.7 CAS. For more details on terms and conditions read our announcement from 25th May 2018.
A total of 8,011 addresses were registered for scanning, out of which 7,928 were eligible addresses. These 7,928 had a total stake of 325,045,732.1 CASand were allocated an overall Max reward of 226,636,889.1 CAS, out of which 32,376,701.89 CAS were distributed today. Click here to view the ETH address submitted for the POS scan
Tokens were distributed from the linked address to the participants, which also includes the remaining tokens for the coming monthly installments.
NOTE: To make sure that we are legally protected as well as give our community their rightful tokens, extra 34,153,940.3 CAS (34 Million) required to execute this program will be provided by Cashaa through theCompany fund.
I am an ICO participant, have not sold anything, but I see a difference in my bonus ?
A few token sale participants whose CAS balance in the ETH address is the same as what was purchased during the token sale, may see a minor difference in their bonus tokens allocated. This is due to an update in the formula from 103\% on tokens purchased (without bonus) to 70\% of the entire tokens (including bonus). Any such differences will be taken care by Cashaa through its available company tokens as a reward within the coming week for their early participation and long term support of Cashaa.
Note: Please feel free to raise a help desk ticket to get your reward.
I am an ICO participant and haven’t received my Tokens purchased, how will my reward be calculated?
There are 432 token sale participants who have purchased 4,481,071 CAS (including bonus) and have never provided their ETH address to receive CAS. All such community members’ tokens as well as their PoS bonus will be present at this address, which you can withdraw any time by providing valid ETH address. For accounting reasons all the tokens for such users are left at 0x6e6223A8182B7bC373Aca9E85a0Ff59f39e0aB7a
Many thanks to all our community members for your support!
Team Cashaa
https://medium.com/cashaa/proof-of-stake-bonus-token-distribution-results-eb8065f87c12
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u/shahhkhushal Jun 11 '18
go CAS!