KAST on the no-token call: over $10M in USD cashback paid since April

KAST just answered the KPU backlash.

@raagulanpathy, who's building @KASTxyz, posted on 4 Nov that the KPU email has gone out and that product usage didn't change. He says customer AUM kept growing strongly over the last three days.

His numbers: over $10M in USD cashback given since April, when KAST switched from points and tokens to mostly cash. He also says KAST Business is growing nearly 100% month on month, from a small base.

On the token: "No token, means no easy liquidity for the team or investors." He says he has never sold and that he bought shares from earlier investors this year.

What hasn't changed: KAST's own page still says Points earning ends on 30 November, KPUs can't be sold or transferred, and there's no cash-out date yet.

Paying cashback in cash over points is the right call for card users. Points holders will want more than a promise though 👀

Source: https://x.com/raagulanpathy/status/2117972898157634015 (4 Nov 2026). KPU terms: https://www.kast.xyz/en/legal/kast-points (updated 2 Nov 2026)