Jobba

On the email users got, about converting points for KAST Pioneer Units. Let me say this, and then will leave it for you to absorb. —- First - We are super limited in the language we can use, because of country-by-country rules. Use that for context, in what we released. Second - We didn’t just come up with some program out of thin air. The conversion of points to KAST Pioneer Units, came after a long and super expensive process with Tier 1 law firms, and with approvals from investors to create this setup. It literally cost us millions just to setup. We got legal opinions on dozens of countries. Obviously, we would only do this because we are really trying our absolute best to create a strong program for the community. Third - Just to reconfirm. The KAST Pioneer Units, will be issued by a KAST-linked SPV. This is the only practical step for issuance globally. The points will convert to the KAST Pioneer Units. There will be periodic cash out events. We can’t legally promise you the amounts, the dates, whether it goes up or down. No surprise in that. But we are putting in the hard work, so the community gets an outcome aligned to the success of KAST. The only thing you have to do, is quickly accept the conversion, details early December in app. Fourth - Why is there no token? Because no single project in the crypto card or Neobank space in history, has ever delivered a token which is not down. Tokens are almost always not aligned to the community. The founders and team most often end up with a treasury they wholly control, they along with investors cash out, and the token holders deal with the volatility and the ultimate decrease in price. By not launching a token, our team and investors get none of that optionality. They stay locked in equity. To date, I have personally only net purchased equity in KAST and never sold. Launching a token completely counter to our ambition to build a $100B+ company. We believe the KAST Pioneer Units will be the best long term outcome, and in time people will realise this. Finally - We understand that in a market which is very far down, many are looking for anyway to cash out. We get it. There is real pain in crypto prices, many have seen their wealth fall substantially. But still strongly believe the KAST Pioneer Units, issued by the SPV, will ultimately prove to be the right decision. Time be our witness. Thanks all. (Note: I won’t respond to most comments, as I’m keeping to approved language)

🇺🇲 DRONE FOOTAGE reveals devastation of DEADLY Florida Learjet crash Aerial footage reportedly shows a large crater in the roadway as emergency crews surround the crash site in Palm Beach County. All 9 people aboard the jet were killed. The cause remains under investigation. Source: AP, @skymaticsfla / Writer: Marie

Interesting

JUST IN: Claude AI developer Anthropic officially files for IPO under ticker $ANT.

Alon reposted then unreposted the supposedly hacked post btw After the post was deleted kimchi also took out Pumpfun from his X bio and deleted his previous pumpfun related posts This industry is cooked 💀

Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10. Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years. Now, we’re building a fusion reactor in San Francisco to achieve record power density.

Real life, baby

Real life, baby