Before I go into the article here is a disclaimer — I am not an employee of Cashaa neither am I paid any money to write this. I am just an ordinary investor in Cashaa. So here are my investor oriented observations. Over the last 1 year I have invested in a few projects in the crypto/blockchain world. But I have been singularly impressed with the way Cashaa management always thinks of the interests of the community first and foremost. I detail them here one by one.

1. Increased Locked-in Prices: Let’s start with the ICO token sale itself. Many projects when they have ICO fix in advance the amount of tokens per say ETH. People invest on a day. Then even if the ETH price keeps increasing the increase in ETH price is eaten up by the company. The investor does not get the benefit of such increased ETH price till the ICO ends. But what Cashaa did was that they announced that irrespective of ETH price as of the day of the investment the investor will be locked in at December 5, 2018 price of ETH. So any rise in ETH all the benefit was given to the investor. In case ETH had dropped below the investor price then again Cashaa looked out for the investor by saying investor will always get the higher of the December 5 ETH price or the ETH price on the day the investor invested. So either way, whether ETH went up or down all the benefit was passed on to the investor.

But Cashaa didn’t stop at locking price of ETH as of December 5. ETH and BTC just kept on increasing. Cashaa had allowed investors to invest using FIAT….another investor friendly idea. The FIAT accounting was completed on December 13 and even though December 13 ETH price was significantly higher than December 5, the earlier promised lock in date Cashaa again took the side of community and gave the investors the much higher December 13 price. Cashaa obviously didn’t have to do it as it had promised only December 5th price. But Cashaa did it anyways for the benefit of the community.

2. Newbie Friendly Test Tokens: Since there were a lot of investors who used FIAT in the ICO Cashaa realized that many of them might be new to the Crypto game and hence may not know how to protect their ERC20 addresses etc. Hence before transferring the actual tokens Cashaa showed abundance of caution by transferring just 0.001 token to the address of each investor and asked investor to verify if they got the test token. This way Cashaa made sure investors had control over the addresses. This scheme protected a lot of newbie investors. Again Cashaa didn’t have to do it but it did this anyways.

3. Retaining Community Control over Team Control: Since Cashaa followed a strict KYC and AML process it had to return a lot of cash. Hence there were quite a few remaining tokens — which came to be known as unsold tokens (although in reality they were returned token from KYC/AML failures). As per initial plan Cashaa could have just burnt these unsold tokens. But this would have worked against the community as community stake in the company would have gone down below 51%. Hence Cashaa did not burn the unsold tokens but instead decided to give them to the holders of Cashaa tokens. This again shows Cashaa commitment to its community and investors.

4. Rewarding Loyal Community: Last week Cashaa announced a Proof of Stake (PoS) disbursement method for the unsold tokens. The scheme follows what was announced earlier that the token holders will be rewarded in proportion to CAS tokens they hold. Effectively this scheme rewards holders of Cashaa tokens. Hence loyalty is rewarded rather than the flippers of CAS. This is as it should be. But some original holders of Cashaa who still kept their stake might in this scheme get a slightly reduced amount than what they thought initially. Cashaa again demonstrated its community first credentials by declaring that any such shortfall would be rectified.

The only people who will not get the tokens in PoS scheme are those who sold their tokens. As per the governance mechanism of Cashaa, the token holders make decisions based on market conditions. But if some token holders have sold their stakes then they are no more part of governance mechanism. This is the risk any investor takes when they sell their investments prematurely. But what such sellers of CAS should be thinking is that they must have sold their investments at around 10 cents per token. Although after PoS announcement CAS has increased up to 7 cents it’s still below what many early investors sold their stakes at. Hence such investors can still buy back CAS to participate in PoS bonuses.

As above examples show Cashaa time and again have gone out of its way to take the side of the community and given benefits to the community. Most of the community has benefitted tremendously because of the decisions Cashaa has taken. A few outright sellers of CAS might be feeling a bit down right now after PoS announcements. But they still have time to buy CAS well below the 10 cents price. The PoS scheme rewards loyalty of CAS holders and it may not be perfect from early sellers’ point of view but overall it’s very good. Let’s not make perfect the enemy of the good. Let’s together think of how we can do our part in realizing the dream of Cashaa founders of giving banking solutions to the unbanked.

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Handy links:

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