The Banking Platform for the Next Billion

About cashaa
Cashaa is a gateway to consumer-centric and affordable financial products aimed at consumer adoption of Blockchain without having to understand the technical details of Blockchain technology. Cashaa’s wallet system, integrated with the peer to peer exchange with full spectrum of fully digital financial services, enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.

The Vision
We believe there should be an efficient alternative to existing payment and banking systems. Our blockchain-based payments system aims to lower financial inclusion barriers and provide financial services to the banked and unbanked. Our vision is to build the payments and banking infrastructure for the future on a robust AI driven blockchain infrastructure which can make the legacy system obsolete, thus creating value for the world. Cashaa is based on 4 foundational principles.

Powering financial products for the Banked and Unbanked
Facilitating low-cost Currency Exchanges
Enabling Investments in the Global Economy
Dedicated to the Community with an Open API

Cashaa Beta Launch: Remittance & Trading

During the trading & remittance process, the Bitcoin seller and buyer are asked to deposit their Bitcoins in the escrow. The seller has to deposit 100% of the coins which they have to sell, while the buyer has to put 10% collateral which is released as soon as the process completes. The Bitcoin escrow address used in this test transacting 2108.23486 is mentioned below:

https://blockchain.info/address/18dpRDcqUbDeGUYgiA5JGBw46D1HwV5ayw (Initial Wallet)
https://blockchain.info/address/16Z9HPAMriVDmFCqnYzXnLWVfhyxcoW8Qj (Secondary Wallet)
Benefits of Beta Test:
• The Cashaa platform (the “Platform”) went through several iterations to be robust, and is now capable of handling large transaction volumes.
• The Platform is upgraded with strong KYC, AML policies and compliance to make it fully compliant with regulations.
• Advanced escrow features increase the protection of stakeholders from any manipulation, thus mitigating counterparty risk so that customers can use the platform with confidence.
• Operational processes are enhanced to optimise our user experience by involving our community in the bug bounty program through our social media and helpdesk

For Design Approach
From the architectural point of view, to implement the concept, the Cashaa system is divided into five main component layers that help the platform to scale, maintain and add new features while maintaining the highest level of security in a decentralized environment for the blockchain features. We also recognize that blockchain technology enables business collaborations that require high reliability and shared, trusted privacy to preserve immutable data repositories for smart contracts.

Ecosystem

Blockchain Technology
Cashaa token is implemented using Ethereum EIP-20 (former ERC-20) standard. The token is accepted and traded in Cashaa’s own services, but is also compatible across different Ethereum wallets and exchanges. cashaa’s blockchain technology stack is not limited to Bitcoin and Ethereum. When applicable, Cashaa uses different blockchain technologies to decentralize its products. This will give benefits of robustness, transparency, compatibility and scalability to Cashaa users.

Products
As a product-driven company our focus is to solve the problems using disruptive technologies to create products and services for simple and easy use. At Cashaa we work to build the next generation of consumer-centric payments and banking products on target to be the most cost-effective and innovative available on the market.

Wallets

Cashaa Wallet will be a one stop destination for users to use existing and other planned services. Products will be added as Cashaa secures the appropriate licence.
The Cashaa App (called: Cashaa) will be available for free on Android or IOS shortly and is already accessible through our WebApp (see milestones for more details).
Some of the core functions of the app will be provide depending on regulatory framework and licences.

KYC for customer onboarding
Deposit, send, receive fiat money (multi-currency wallet)
Deposit, send, receive crypto assets (multi-cryptocurrency wallet)
Access microfinancing
Trading crypto assets (advanced feature)
Activate foreign value-based transactions
Tips, tools and tailored advice to reach your financial goals
Spending analytics & transaction notification
Tap-to-pay functionality on the participating 3rd party mobile wallets
Security features to control the physical & virtual card (temporarily disable, freeze, enable- disable ATM (withdrawals, activate geo location based spending to prevent cloning attack, diable E commerce transactions)

Physical & Virtual cards.
Some of the core functions of the card:

Real time conversion from crypto to local currency at point-of-sale
Chip-and-PIN EMV card
The ability to withdraw cash from any ATM
Accepted at merchants POS * Depending on the country, product manuals will be issued including details such as the exact fee of each service.

This product will serve dual purposes:

Individuals who cannot obtain credits from a bank, or users in third world countries will be able to borrow money to start small businesses or for individual needs.
The second purpose is to give access to new lending opportunities. The lenders are individuals who pledge a certain amount of money to loan out a deserving entrepreneur in another country.

Peer-to-peer exchange (Beta Tested)

key Milestones accomplished

Public Appreciation

Token Sale

CAS is built as an EIP-20 (former ERC-20) token on the Ethereum blockchain
Token Type : Utility token
CAS available for public sale : 510 Million
Hard Cap (Max limit) : $ 32 Million USD
After token sale all the unsold tokens will be burned.
Public Crowd sale begins 6th November and ends 5th December
For company CAS Allocated : 240 Million
Purpose :
Held in reserve by Cashaa in order to fund future transactions and expand liquidity, partnerships required for future growth and expansion. This fund will be locked by Smart Contract and governed by the CAS community based on the requirements.
Availability :
• 60 Million Immediate
• 60 Million locked by smart contract for 12 months
• 60 Million locked by smart contract for 24 months
• 60 Million locked by smart contract for 36 months
For Team CAS Allocated : 200 Million
Purpose : Founders and Advisors reward for the development of the Cashaa network and their continued long term alignment of the project.
Availability :
• 50 Million Immediate
• 50 Million locked by smart contract for 12 months
• 50 Million locked by smart contract for 24 months
• 50 Million locked by smart contract for 36 months
For Community CAS Allocated : 50 Million
Purpose : Used for bounty programs and community initiatives to reward developers, entrepreneurs, strategists and community members who want to leverage: the Cashaa network and our licenses to build products to make our users lives easier and help mainstream adoption of Blockchain Technology.
Availability :
• 15 Million Immediately available after Token Sale
• 15 Million locked by smart contract for 12 months
• 10 Million locked by smart contract for 24 months
• 10 Million locked by smart contract for 36 months
Token Functionality
The CAS token is a key component of the system that enables trading, lending and gives access to other upcoming services in the CAS ecosystem. CAS serves two main objectives: First, the token is the fuel of an internal mechanism of the Cashaa ecosystem. Second, it is part of the governance component of the CAS system. Each Cashaa wallet is initially equipped with a predefined amount of CAS and cannot be used without a minimum CAS balance.
Benefits of CAS token
• Acquiring premium services in the Cashaa ecosystem (Membership)
• Ability to trade cryptocurrencies anywhere in world (Trading)
• Lower transaction fees for the $ 600 Billion remittance industry (Remittance)
• Providing the credit score for lenders (Micro Finance)
• Ability to participate in governing mechanism of CAS usage (Governance)
• Secure P2P money transfers (Escrow)
Acquiring tokens for Token distribution, Secondary markets, and Rewards collection. And for Spending tokens for Membership and Microfinance & Credit Score

Token Summary

Use of Proceeds from Token distribution

Assurance & Security
Blockchain technology enables a secure, smart-contract based escrow for all transactions, along with ensuring that everything is done so that no exploits exist within the code. TokenMarket, a Top ICO management platform, will manage the Token distribution and execution of smart contract to ensure the proper security of the tokens. The smart contracts written by Token Market will also be reviewed with external auditor to ensure best security for our token sale participants.

The Team