Kast
Stablecoin-powered Visa debit card with KAST Points rewards, up to 10% APY on holdings, and spending across 150M+ merchants in 170+ countries. The $KAST token was cancelled on Jul 2, 2026 — points now convert to tokenized equity on terms still unpublished.
Farming Overview
Key Statistics
How to Farm Kast
- There is nothing left to farm here — Season 5 closed Mar 31, 2026, points are locked, and on Jul 2, 2026 Kast cancelled the token outright
- Your points now convert to tokenized equity in a private company, not to a liquid token — the conversion ratio, the rights that equity carries, and whether any liquidity mechanism exists are all still undefined
- Wait for the Q4 2026 terms before valuing your position; until they are published there is no basis for a number
- The card itself still works — $MOVE cashback (4%) and up to 10% APY on stablecoins are unaffected by the token decision
- Pudgy Penguins holders: the Pengu Card (live Feb 2026) offers up to 12% cashback
- US, Canada, Singapore and other restricted-jurisdiction users were excluded from the original programme and that has not changed
- Watch @KASTxyz for the equity conversion terms — this is the only announcement still outstanding
About Kast
Kast is a stablecoin-powered neobank offering Visa debit cards that let users spend USDC and USDT at 150M+ merchants globally. Deposit stablecoins, crypto (SOL, ETH, BTC), or cash and spend anywhere Visa is accepted. Supports Apple Pay and Google Pay. Season 5 — the final points season — closed March 31, 2026 on a promise that 1 KAST Point would convert 1:1 to KAST tokens. On July 2, 2026 Kast emailed users that it would NOT launch a token at all: KAST Points instead convert into tokenized equity in the private company, with the stated rationale that investors preferred equity allocations over further token issuance. The conversion ratio, the rights the equity carries, and whether any liquidity mechanism exists are all still undefined; Kast says terms will be published in Q4 2026. Backed by $90M in funding ($10M seed from HSG/Peak XV + $80M Series A led by QED Investors and Left Lane Capital, March 2026). Pengu Card (Pudgy Penguins co-brand) launched February 2026 with up to 12% cashback.
Fee Structure
⚠️ Crucial Info for Farmers
- The token was CANCELLED on Jul 2, 2026 — this is no longer an airdrop farm
- Season 5 closed March 31, 2026 and points are locked; nothing you do now changes your allocation
- The original 1 point = 1 token promise was broken; points convert to tokenized equity instead
- Private-company equity is illiquid — you cannot sell it the way you could sell a token
- Conversion ratio, shareholder rights and any liquidity path are all still undefined
- Terms are promised for Q4 2026; that date is for the TERMS, not for any conversion or payout
- US citizens/residents were EXCLUDED from the original programme, as were Canada, Singapore and other restricted jurisdictions
Why Kast Is Still Listed
- As a cautionary record: a points programme that ran for five seasons on an explicit 1:1 token promise, then cancelled the token after the points were locked
- $90M raised — $10M seed (HSG, Peak XV) + $80M Series A (QED, Left Lane Capital) — so the company is well funded and the equity may yet be worth something
- The Q4 2026 terms are the one outstanding announcement worth waiting for
- The card product is unaffected and still competitive: 4% $MOVE cashback, up to 10% APY on stablecoins
- Pengu Card (Pudgy Penguins) co-brand live since Feb 2026 — up to 12% cashback
Similar Crypto Card Protocols
Frequently Asked Questions
What is Kast and how does it work?
Kast is a stablecoin-powered neobank offering Visa debit cards that let users spend USDC and USDT at 150M+ merchants globally. Deposit stablecoins, crypto (SOL, ETH, BTC), or cash and spend anywhere Visa is accepted. Supports Apple Pay and Google Pay. Season 5 — the final points season — closed March 31, 2026 on a promise that 1 KAST Point would convert 1:1 to KAST tokens. On July 2, 2026 Kast emailed users that it would NOT launch a token at all: KAST Points instead convert into tokenized equity in the private company, with the stated rationale that investors preferred equity allocations over further token issuance. The conversion ratio, the rights the equity carries, and whether any liquidity mechanism exists are all still undefined; Kast says terms will be published in Q4 2026. Backed by $90M in funding ($10M seed from HSG/Peak XV + $80M Series A led by QED Investors and Left Lane Capital, March 2026). Pengu Card (Pudgy Penguins co-brand) launched February 2026 with up to 12% cashback.
How do I farm the Kast airdrop?
To farm the Kast airdrop, you should: There is nothing left to farm here — Season 5 closed Mar 31, 2026, points are locked, and on Jul 2, 2026 Kast cancelled the token outright. Your points now convert to tokenized equity in a private company, not to a liquid token — the conversion ratio, the rights that equity carries, and whether any liquidity mechanism exists are all still undefined. Wait for the Q4 2026 terms before valuing your position; until they are published there is no basis for a number. The card itself still works — $MOVE cashback (4%) and up to 10% APY on stablecoins are unaffected by the token decision. Kast is currently in the concluded farming stage with speculative airdrop status.
What is the expected value of the Kast airdrop?
The Kast airdrop has an expected value rating of 2 out of 5 ($$). The farming stage is concluded and the airdrop status is speculative. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.