KAST IS NOT LAUNCHING A TOKEN; POINTS ARE NON-SELLABLE “PIONEER UNITS”

Summary from the TLDR Crypto newsletter

Per KAST's own FAQ, eligible Points convert to KAST Pioneer Units, which aren't shares, can't be sold or transferred, and have “no guaranteed cash value,” only a notional value that can rise or fall. Cash-out is only planned, with no dates. Users who miss the in-app acknowledgment deadline in the December update lose their KPUs with no replacement. Eligibility depends on Points balance, KAST balance, and country, and others may get non-withdrawable vouchers for eligible spending. In July, the example was 10,000 Points worth $800 notional, but KAST now gives no conversion rate. Points earning ends November 30, and details come in early December.