KAST Ends Points Earning on November 30

The stablecoin payments app KAST will end its points-earning program on November 30, 2026, and convert eligible balances into non-transferable Pioneer Units in early December.

The company has ruled out a token generation event, stating that the replacement units are contractual rights governed by the program terms and carry no guaranteed cash value.

Users who already qualify for points can continue earning through eligible activity until the cutoff, while cashback continues under its applicable terms.

Contractual units, with an acknowledgement deadline

Under the standard program, a special-purpose vehicle linked to KAST will issue the Pioneer Units. KAST describes them as contractual rights governed by the program terms.

Holders will have neither shares nor ownership interests in KAST or the issuer, and the units confer no voting rights. The issuer does not hold or manage money or assets on users' behalf.

The units cannot be sold, transferred or traded. Their notional economic value can rise or fall, but that value is not withdrawable cash. KAST plans periodic cash-out options in the future.

Users receiving units must complete a short in-app acknowledgement by the deadline supplied in their December update. KAST says there is no acknowledgement to complete today.

The December update will give users the deadline and explain the steps they must take to retain their units. Users who miss the acknowledgement deadline will lose their unit balance and any future payments or benefits relating to those units.

Who receives vouchers instead

Eligibility for conversion depends on the Points balance, the KAST balance, country of residence and legal and regulatory requirements. Email and in-app announcements identify the expected route for each user.

Recipients of the voucher announcement are not expected to qualify for units based on their current Points balance, with their position to be confirmed in December.

Incorrect or outdated account information can change the eligibility assessment. The notice asks users to update their residence details if those details are wrong or out of date.

Vouchers will apply to eligible spending. They are not cash and cannot be withdrawn. KAST will provide voucher details, usage instructions, limits and expiry dates in December.

Users assigned units cannot elect to receive vouchers instead or exchange their units for vouchers. US users have a separate program because different legal and regulatory requirements apply.

US users who are ineligible, or who do not complete the US program, will receive vouchers instead. KAST says it will contact them separately with the details.