Catcoin (CATS): Riding the Meme Coin Wave With Community Passion

Meme coins have been around the crypto space since 2013, when the earliest meme coin, Dogecoin (DOGE), was created as a lighthearted joke to poke fun at the Bitcoin community at the time. Soon after, more meme coins, such as Shiba Inu (SHIB) and Floki Inu (FLOKI), cropped up and shot up the ranks by raking in millions of dollars in trading volume.

All of the three blue-chip meme coins mentioned above are themed after a Japanese dog breed. They’ve expanded their use cases from their original fun and speculative narratives to include real utility in their ecosystems. While dogs have continued to be a popular theme for meme coins, other animal-themed meme coins, such as frogs (PEPE) and chickens (COQ), have been making waves.

So what about cats, so beloved by so many?

Well, cat lovers can now join the meme coin craze via Catcoin, created for feline lovers looking for a meme coin with a dedicated community and built-in real utility.

Key Takeaways:

• Catcoin crypto (CATS) is a feline-themed, community-driven meme coin that brings utility to its community through NFTs, games, mobile apps and staking yields.

• Renounced by the initial developer group, Miaoshi, shortly after its launch, Catcoin is now completely owned and run via its dedicated community’s decentralized governance.

• Catcoin’s utility token, CATS, is used to power the Catcoin DAO voting system and to stake for rewards.

What Is Catcoin?

Catcoin (CATS) is a three-fold feline-themed utility meme coin purely driven by its strong community of followers, known as the Catcoin Army. Its core values are community empowerment, innovative utility and compassionate giving.

Although categorized as a meme coin, this cat-themed token endeavors to provide a highly functional and secure platform for DeFi services, such as hybrid DAO voting and NFT-powered staking pools.

The Catcoin Army consists of a new evolution of dedicated, compassionate and charitable members who aim to make Catcoin Crypto globally successful and to create an enjoyable cat-themed meme coin experience for its supporters.

Unlike many crypto projects today, Catcoin has no presale, team tokens or marketing allocations. However, CATS holders contribute a percentage of their CATS to the marketing budget when buying and selling.

Catcoin Tokenomics

The native token of Catcoin, CATS, has 26,033 total holders, with a maximum supply of 1 quadrillion tokens, a circulating supply of 971.55 trillion and a market cap of $1.28 million.

The project implements a 2% CATS tax on buying and a 10% tax on selling. These taxes are reserved for the project’s aggressive marketing campaigns. Out of the 10% selling tax, 3% goes to reflections and 7% goes to marketing.

Catcoln also implements a token burn mechanism that continuously removes tokens from circulation and, consequently, boosts the value of CATS.

History of Catcoin

Catcoin was first launched on BNB Smart Chain (BSC) in November 2021 by a group of unknown developers who identify as Miaoshi Nekomoto. The name represents an assumed, fictitious cat belonging to Bitcoin’s undoxxed founder, Satoshi Nakamoto.

Catcoin quickly rose to fame and became a hot topic of discussion in early 2022 during a bullish cycle in the crypto market. The project now runs on two blockchains, BSC and Ethereum, and will soon be available on Solana.

Catcoin's original smart contract, V1, lacked a marketing wallet and had a meager liquidity ratio, which made it vulnerable to manipulation by crypto whales. Despite these flaws, the project still managed to attract a considerable following, whose members volunteered in different capacities to push the project forward.

Nevertheless, Catcoin V1's poor tokenomics and gaping vulnerabilities made it difficult for the project to advance. Consequently, a core team of developers, graphic designers and marketing experts worked together to upgrade V1 to V2. 

Unlike the original team, the new core team is fully transparent. Through a snapshot and airdrop, the team successfully migrated the community to its new smart contract in April 2022. Top smart contract security auditors CertiK and SolidProof verified V2 as among the most secure crypto smart contracts around.

Improved features on V2 include:

• Hybrid DAO voting

• NFT collections with integrated utility

• Staking pools

• Fun, interactive crypto games

Evolution From V1 to V2

The launch of V2 solved several problems in the initial V1 smart contract, as the platform now features a marketing wallet allocation and a higher liquidity pool-to-market ratio. In addition, V1’s reflections mechanism executed well and has been implemented in V2.

Catcoin's Notable Milestones

Despite its failures, the first Catcoin launch successfully rallied a strong community behind the project, facilitating the upgrade and launch of V2. Some of the milestones accomplished by Catcoin in its V2 era include the following:

• The community has adopted a new brand identity, Hoshi, a product of Catcoin’s AI department known as Cats Labs.

• Catcoin developed a swap and liquify function that funnels tax allocations directly to a multisig wallet for marketing and other project expenditures. The multisig wallet is locked for seven years.

• The core team won the World's Best Community-Driven Coin award in 2022 from Crypto Expo Asia.

• Catcoin is listed on several centralized and decentralized exchanges.

• The core team participates in charitable initiatives, such as the Caring Cats charity.

• Catcoin has also partnered with Tools to Empower, an all-female trades society, to teach children valuable skills in Canada.

• The core team also supports the international Cats Fight Hunger movement to feed homeless cats.

Catcoin Key Products

Similar to meme coins such as Shiba Inu and Dogecoin that have expanded their ecosystems to include more use cases, Catcoin features the following key products:

1. Cats Labs: Cats Labs is the AI department and heart of the Catcoin universe, which developed Hoshi, an engaging bot that serves as the bridge between technology and the Catcoin community and symbolizes Catcoin’s commitment to innovation and community.

2. Caring Cats:The Caring Cats charity is a Catcoin initiative in partnership with Catland Javea, a nonprofit association which helps homeless cats in Spain.

3. NFT Series: So far, Catcoin has released two sold-out NFT collections containing 1,234 editions each: Cat Club (sold out in 12 minutes) and Yacht Club (sold out in one hour).

4. Lottery: Lottery is a reward program for the community created by the core team. Individuals can participate by buying 0.1 BNB for a chance to win a prize of 10 BNB.

Catcoin Use Cases

The CATS token can be used for:

1. Voting: Catcoin has implemented a DAO voting system that allows CATS holders to vote using their tokens and take part in decentralized project governance. To use the DAO, you must also hold a Catcoin NFT on top of holding the CATS token.

2. Staking: This V2 feature offers community members an APY of 10%, and an additional 4% APY for NFT holders who stake their NFT collections.

Catcoin Price Prediction

As of Apr 12, 2024, the price of CATS was $0.000000001516, which was a 630.5% increase from its ATL of $0.0000000002076 on Feb 14, 2022, and a 97.8% drop from its ATH of $0.00000006832 on Feb 24, 2022.

Price prediction experts are slightly bullish on the price of Catcoin. According to CoinCodex, CATS could hit $0.000000007412 in 2025 and drop to $0.000000006687 by 2030. Another price prediction platform, DigitalCoinPrice, believes that CATS will trade at $0.00000000379 by 2025 and grow to $0.0000000112 by 2030.

That said, these price predictions don't guarantee future CATS prices. We highly recommend that you do your research before investing in Catcoin or any other altcoins.

How to Buy Catcoin

You can buy Catcoin crypto (BNB/CATS) from Bybit Web3 Swap and Bridge, which enables users to swap tokens seamlessly across multiple chains. Here’s a step-by-step guide on how to buy Catcoin on Bybit Web3 Swap.

1. To start, you’ll need BNB, a Bybit account and a Bybit Wallet. If you don’t have a Bybit account, you can start by creating one here.

2. Once you’ve signed up, access the Bybit Web3 portal to create your Bybit Wallet.

3. Next, swap your BNB for CATs using the Bybit Web3 Swap function.

4. Ensure that you have enough BNB to swap and pay for gas fees. Next, confirm your swap and wait for your transaction to be processed. 

5. Once you have your CATS, you can transfer it to the smart contract address provided on Catcoin’s website as a BEP-20 token on BSC.

Is Catcoin a Good Investment?

Catcoin envisions a future as the Dogecoin of feline-themed meme coins. Additionally, Catcoin’s goal is even broader, aiming to reshape the future of decentralized finance (DeFi) with every CATS token.

Both technical indicators and market sentiment for CATs indicate that Catcoin is potentially a good investment. Crypto influencers such as Amiri King have publicly expressed their enthusiasm for Catcoin. Such support gives the project more exposure and popularity, and testifies to its community’s engagement efforts. With a strong core team and community, a great vision and a proven ability to deliver, Catcoin already looks like a possible success story.

Soon, Catcoin will launch games on its platform and introduce a crypto debit card and mobile app. The team is also open to the careful consideration of bridging to other chains, such as Kadena, Avalanche and Polygon.

However, there are several other factors to consider, as meme coins are prone to fading away once the initial hype is over. Therefore, before investing in a meme coin, it’s important to keep in mind that they’re highly speculative assets, more prone to volatility than blue chip cryptos such as Bitcoin and Ethereum.

Closing Thoughts

Catcoin has reached some substantial milestones, cementing its place in the ever-evolving world of cryptocurrencies, especially meme coins. Its army of volunteers takes pride in having salvaged its flawed initial version (V1) into an improved decentralized V2 that will deliver on its vision for DeFi.

Catcoin’s core team is committed to blazing a trail for its feline-themed meme coin by bringing tangible value to its community. The project’s future success will hinge on effective marketing to attract new users, and winning back those who left after the shortcomings of V1.

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