What is CateCoin?
CateCoin (CATE) is a meme-inspired cryptocurrency that rewards meme creators for their hard work. This platform uses blockchain technology to provide value to memers who create content in the environment. CateCoin aims to encourage memers to showcase their talent and earn rewards in return using decentralized finance (DeFi) features.
The ecosystem seeks to use the decentralized exchange (DEX) platform where memers can post their creations and earn rewards based on them. The platform rewards creators and users for every like and comment on the post, distributing 0.1 CATE in their wallet. The platform has secured 35% of the total liquidity for the reward mechanism only. Interactive memes are given better prospects along with the NFT minting facility. The creators are allowed to create NFTs for the approved memes and earn rewards from them.
CATE is the native utility token available on the CateCoin network. Users need to hold a minimum of 10,000 CATEs to comment on or like the memes on the platform. Meme creators are allowed to create memes on the network only when they hold a minimum of 1,000,000 CATEs. The ecosystem uses the reflection mechanism where 2% of every transaction occurring in the system is redistributed among the users as rewards. Also, 1% of the transaction is burned from the total CATE supply to maintain the deflationary effect.
The roadmap depicts the development of the Rise of Cats game along with the first round of NFT community subscriptions. The maximum total supply of CateCoin is estimated to be 100,000,000,000,000 CATEs. For tokenomics, 33% of the total supply is reserved for the ecosystem. 10% is reserved for the market and team. For liquidity and development, 7% and 5% are reserved for them, respectively. The remaining 45% of the total supply is reserved for burn and supply.
Users are allowed to stake CATE tokens in their DApps and earn 15% yield in the form of CATE tokens. The users are also offered CATE tokens for the tokens in their wallet, since 2% of every transaction on the platform is distributed among the holders. The play-to-earn facility also rewards the holders with CATE tokens while playing the game.
In conclusion, CateCoin is a unique platform that values the efforts of meme creators using blockchain technology. With its reflection mechanism, deflationary effect, and play-to-earn facility, CateCoin aims to offer stable earnings to the user while rewarding creators for their hard work.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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