Cashaa (CAS) i the banking platform for the next billion. The team believes that through their innovative payment platform, they will be able to remove financial barriers that will prevent billions of undisputed or unprotected people from taking advantage of modern financial services. This does not mean that Cashaa will not be useful to those who use banking services, but the benefits are more obvious to those who could not afford it.
Cashaa is a gateway to consumer-centric and affordable financial products aimed at consumer adoption of Blockchain without having to understand the technical details of Blockchain technology. Cashaa’s wallet system, integrated with the peer to peer exchange with full spectrum of fully digital financial services, enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.
According to Cashaa, there are about 2.5 billion people who have no money and another 1 billion are not banking. This is almost half of the 7.5 billion people in the world. As 45% of the world's population is unpaid / non-bank, this creates a problem for international interbank transfer.
The problem for those who do not have a bank, they have to pay unreasonable fees for the transfer of money. The cost can range from 6% to more than 12%! For example, if you want to send $ 1000 from the US to Africa, it will cost $ 124. This is 12.4% of money. That's why Cashaa aims to become an innovative cross-border platform and solution for serving the entire world population. Instead of paying ridiculous fees and waiting for your transfers, Cashaa will make a fixed fee of $ 1 in no time.
Cashaa's ICO held on 2017-11-06, the project rejected 14.77 Million USD, which resulted in freeing up 192 Million CAS tokens also known as Unsold token, which we decided to distribute to the community. CAS holders who will be able to prove their stake will be awarded tokens in the ratio of 0.7 CAS for each 1 CAS in their ERC 20 address, based on the balance as on the 5th of June, 12 noon BST.
More information in the project whitepaper: https://drive.google.com/file/d/0B_p2avIouNI1YTZqUHNCbkMwdEk/edit
Cashaa token is listed on many exchanges including HitBTC, IDEX, KOINOK, FUBT. Unfortunately, exchanges, such as Binance or Bittrex, haven't added Cashaa token in their trading market. On the 30th of May, 2018, the CAS token price was $0.06 for a CAS coin, market cap was 23.69 millions USD.