Welcome to the world of Cat Token. Cat Token is a cryptocurrency issued on the Ethereum blockchain in August 2020, for all the cat lovers of the world. Over the past nine months, our community has grown to thousands of #catizens! This is our first foray into Medium and we hope this article will make you familiar with our $CAT Token and join our clowder (which is what you call a group of cats… see, I bet you didn’t know that!)
Why CAT Token
Cat Token was created as a meme token with a focus on conservation and animal welfare. Blockchain is a unique industry where we can explore how to empower users of our product— from FIAT currency to Ethereum to Cat Token, value is transferred across digital platforms. By growing our community, we plan for Cat Token to expand in its reach to you and our beneficiaries in charities. We envision new ways to grow digital asset models such as NFTs, to benefit our users, cats and other animals, charities, and conservation organizations. We are here to stay as long as there is love for cats in the world!
In short CAT Token stands for community, fun, memes and comics, creativity in the crypto space, NFTs and art, and conservation/animal welfare.
Who is Mooncat
Mooncat is the official Mascot of the Cat Token. Mooncat is frenemies with Doge (also one-sided, Doge has nothing but affection for Mooncat), often commutes to the moon and back, secretly wants to take over the earth but is probably unaware he may be too little to do so, is sometimes elated, sometimes moody, sometimes hungover, takes marching orders from his ancestors — the wildcats, but is serious about conservation and animal welfare. Check out our Mooncat comics on Twitter, which we publish occasionally. You can create a Mooncat story and make one too, and we will put it on Twitter!
Cat Token has limited supply with no pre-mined tokens. Deflationary tokens such as Bitcoin and Hoge Finance reward early adopters and speculators. Inflationary tokens such as dogecoin are designed to reward miners, and result in diluting the holdings of investors. Cat Token aims to reward long-term hodlers, who want to have ownership in a community striving to advance the welfare of cats, and conservation, and meanwhile have their own token assets appreciate.
Our CAT Token was minted with 15,000,000 CAT. Shortly after launch, to encourage scarcity of the token and by community demand, we burned 4,000,500 tokens (27%). Remaining tokens totaling ~11,000,000 CAT were split between our development team (20%), farming pools that have ended (10%), marketing (10%), and exchanges(33%). The dev team tokens are held for future partnerships, listings, projects, etc.
How we roll
CAT Token is entirely community driven. Which means YOU help decide our direction and plan of action. Any community member can rise to become a community leader by taking initiatives and responsibility. Our team is made up of such anonymous community leaders and contributors.
From trading CAT Token on exchanges to exchanging ideas on telegram, trading NFTs, and driving the project forward, we feel that you are the most important part of all of this within our project. Your support and your contributions guide what we are creating. We appreciate you in so many ways. Bring your artistic talent and tech skills to Cat Token, join us on Twitter and Telegram. We look forward to sharing your cattitudes.
Where can I hold Cat Token?
Any Wallet that supports ERC-20 tokens will support CAT- for example Coinbase wallet, Metamask, and Ecto.
Where can I buy Cat Token?
You can currently buy Cat Token on Uniswap, Bilaxy, and Crex24 exchanges. Make sure the contract is the right one by verifying it on Etherscan. Avoid counterfeits and scams.
Is Bilaxy safe? Bilaxy Exchange is a reputable exchange for small-cap tokens. Our members who had experience dealing with them find their trading fees and withdrawal charges highly competitive. We have not experienced security related issues so far. You can sign up Bilaxy exchange within a minute. Deposit your Ether into your Bilaxy address and you can buy Cat Tokens via trading the CAT/ETH pair.
How to buy Cat Token from Uniswap? You can use a wallet that supports ERC-20 token, and the wallet must be able to interact with decentralized finance platforms. Metamask is one example. You can use the “Swap” function in Uniswap to exchange your Ether for Cat Token. Check out this video for easy instructions.
How can I keep my wallet safe? Never ever give your 12 words seed phrase to anyone, as it gives complete access to your wallet. Do not click suspicious links. Cats Token admins or team members will never ask for your personal data or for your tokens or for money!
What is gas fee and why they are so high? In the Ethereum network, your transactions are processed by miners. Gas fee payments are made by users to compensate for the computing energy required to process and validate transactions on the Ethereum blockchain.
You could manually adjust the fee you pay for the transaction. But if the fee is too low the miners can choose to ignore the transaction. As a result, you could wait for a long time without having your transactions go through.
Why am I getting an error when trying to buy on Uniswap? It is likely due to slippage. If you do not want to wait and you are transaction cost insensitive, click on the gear button in the top right and set your slippage to 5%.
Is Cat Token on BSC? Not yet. Be careful of counterfeits and clones.
What are NFTs?
A non-fungible token (NFT) is a special type of cryptographic token which represents something unique. This contrasts with cryptocurrency like Bitcoin and many network utility tokens, that are fungible in nature — one bitcoin can be exchanged equally for another bitcoin. Non-fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms. NFTs are used in several specific applications that require unique digital items like crypto art, digital collectible, and online gaming.
What is the Wildcats NFT Series
We released an updated whitepaper on Wildcats NFT Series recently. As our first initiative, we are releasing a series of 40 NFTs, one for each of the wildcat species in existence. The series will be exclusive, limited in number, and be both informative and collectible.
60% of funds from sales will go directly to animal welfare or conservation organizations accepting crypto, dedicated to the conservation and preservation of cat species and habitat around the world. If we have many choices, the CAT token community can vote on selecting the organizations from our list! We also invite orgs to pitch their cases to our community or even collaborate with us to make these NFTs even more awesome. 20% of the proceeds from Wildcats NFT sales will go to the CAT token team towards development of future projects. 10% of proceeds will go to the original NFT art creator — so if you would like to design some of these NFTs, get in touch with our team. The rest of the sales — 10% will go towards buying back a percentage of $CAT tokens.
Useful CAT Token links
The CAT token which you are reading about is a social experiment in the DeFi industry. What this means is that you should complete research and trading decisions on your own. CAT token does not provide financial, legal or other advice. All information provided here about CAT token is for the CAT token community and the charities who may benefit from donations made by the development team. Please do not overextend yourself when becoming involved in this project financially or otherwise. No one from the CAT token team will ever recommend buying or selling CAT Token for any purpose, or ask you for money. Our team would probably tell you to pet or adopt a cat or get one of those large cat house tree things that will be too big for your living room.