Cat Token Review
We are living in a very mad world right now. A world dominated by memes in such a way that millions of dollars are being spent buying the rights to them, and even entire currencies are being created around them.
Dogecoin has, in recent years, come to dominate the crypto market as the most popular meme token, creating an inevitable war in the world of decentralized finance. That war is looming fast, and peace as we know it will soon be at an end.
I’m talking, of course, about the war between CAT and DOGE. Gaining popularity off the back of the DOGE meme coin, CAT takes its core features and takes them further, creating a unique coin with many distinct real-world benefits.
Profits made from the CAT ecosystem will be distributed between animal-based NGOs and charities, meaning you are helping real cats with every purchase. Not only that, but the creators of CAT are also creating an NFT trading card game based around cats and the CAT coin.
What are CAT Crypto Tokens?
Taking inspiration from the DOGE coin, which was also built from nothing, the team behind the CAT token is hoping to build an economy that gives back to the world by helping animals in need.
The CAT token is a unique cryptocurrency that operates on blockchain technology. Initially, 15 million were minted (the full supply), but to encourage scarcity and raise the value, the team immediately burned 4,000,500. The remaining 11,000,500 will be distributed over the coming years. Once all the coins are in circulation, the value of the remaining coins will inevitably shoot up.
How CAT Token Distribution Works
After the initial burn of 4,000,500 tokens, the ecosystem is left with 11,000,500 to work with. The remainder will be split between the development team and the holders, with some being used for marketing purposes, some being distributed via airdrops to holders, and the majority being sent to decentralized token exchanges.
As the project expands, some tokens will be liquidated in small amounts, manipulating the price of the remaining coins, while others will be used to fund projects and charities regarding animal welfare.
How Does NFT Creation Work?
Alongside the CAT token, the ecosystem also hopes to involve digital assets too, known as CAT NFTs.
Every CAT token will be paired with a unique, custom CAT NFT. These NFTs have real value and can also be used to earn rewards by completing certain tasks within the community, such as collecting a set number of NFTs. These NFTs can also be distributed for taking part in real-world tasks such as helping animals.
The digital assets are stored on the blockchain using the same technology as the CAT token, so they can never be replicated or stolen.
Holders of CAT NFTs (and also of CAT tokens) will also have voting rights in the governance of the ecosystem, such as deciding which charities are worthy of donation and how much to donate.
How the CAT Token Supports Charities
As the CAT token has real value, it is possible to convert it to other currencies (and even fiat) via decentralized exchanges. Every time a transaction is made using CAT tokens, a small percentage is taken as a tax to fill the liquidity pool and provide funds for helping animal charities.
The charities that the CAT token community supports are generally cat and pet shelters but can range to a whole world of animal welfare charities. The community-or the holders of CAT tokens and NFTs-will have a vote to decide which charities to support.
With these innovative ideas connected to the CAT token, such as the NFT distribution and charity support, the team is hoping to create the meme coin of the future. Instead of keeping all profits like many new blockchain companies, the CAT token team hopes to create an ecosystem that gives back to the world and helps charity projects flourish.
Because of its eco-friendly model, the CAT token has already garnered much interest, so if you’d like to become a part of the fastest-growing, most socially-aware cryptocurrency around today, head over to the CAT token’s website to see what the fuss is about.
- Profits made from the CAT ecosystem will be distributed between animal-based NGOs and charities, meaning you are helping real cats with every purchase.
- Not only that, but the creators of CAT are also creating an NFT trading card game based around cats.
- The CAT token is a unique cryptocurrency that operates on blockchain technology.
- Every CAT token will be paired with a unique, custom CAT NFT.
- The community-or the holders of CAT tokens and NFTs-will have a vote to decide which charities to support.
Further Cat Token Information
- Cat Token
- Price $0.105
- Market Cap