This is a scandalous way to treat early supporters of Cashaa.
No forewarning email comms to their investors that they were planning to alter the way they distribute the unsold tokens. The team clearly did not consider (or, more likely, care) that many of their early adopters will have moved their tokens to an exchange in order to increase their value and, ergo, their support for Cashaa longer-term. All they have done is **** all over many of those who put their money into this from the start, whilst also provoking a massive pump and dump scheme.
What do the team expect to happen after 5 June? The trading volume on HitBTC was 1 BTC, it's now 25x that. When it crashes, do they expect many of these early supporters who have been burned to return to the fold?
Also worth noting the depressed price of CAS in the run up to the announcement...
As per below statement, dump will be in december
Your PoS reward will be distributed monthly in equal proportions for the next 7 months. Ex: If You have 1000 CAS on the 5th of June, your potential reward is 700 CAS, distributed in 100 CAS each month for the next 7 months (given the stake of 1000 CAS doesn’t decrease), the last distribution will occur on the 5th of December 2018. The token balance after the first distribution will be 1,100 CAS.
8. Your PoS reward will be calculated on the 5th of each month and will be adjusted based on the CAS available on your registered wallet address. Ex: If in the next month, the user sells 200 CAS tokens out of the 1,100 CAS, this will decrease his stake. His reward for the second month will be calculated based on the 900 CAS and his reward will be 90 CAS for the consecutive months (given the stake of 900 CAS doesn’t decrease). The token balance after the second distribution will be 900 (stake) + 90 (second month reward) = 990 CAS.
9. The CAS reward deducted from the PoS participants, who will sell their stake over time, will go to the “Cashaa escrow” and will be distributed, in the ratio by PoS on the 5th of January 2019. For the above example, the 10 CAS taken from the users will be sent to the escrow. The address will be made public for the community to track these tokens on Etherscan.