What is CateCoin (CATE)?
CateCoin is an ambitious project developed to allow meme creators to earn from their art. The platform is built on the Binance Smart Chain (BSC), and it has a thriving community of creators, holders, and users. CateCoin is different from other memecoins or token projects because it gives real-world value to everyone involved in its ecosystem.
Apart from the NFT-based meme creation tools, CateCoin also offers a decentralized marketplace for selling and exchanging NFTs, CateCoin tokens, and other digital assets.
CATE is the native utility token of the CateCoin platform. With this token, you can earn on the platform, carry out activities like the creation of memes, interact with created memes, and more. You can also comment, like and share memes you find interesting. Besides that, CATE crypto tokens can be staked to earn rewards.
You can check the current CATE price featured on the CateCoin price chart above.
Though, apart from CATE, there's also CatPay, which is a reward token given to users on the CatPay application. Users can earn CatPay tokens by playing the Rise of Cats game and also by staking popular meme coins like Dogecoin, Shiba Inu, and others. The creators plan to introduce CatPay staking in the future to give stakers more rewards.
Who Founded CateCoin?
The CateCoin crypto project was launched in May 2021 by a team that has largely remained anonymous. The team aims to use CateCoin to develop useful decentralized applications that have real-world uses and will be useful to the crypto community at large. The project is seen as a huge rival to popular memecoins like Shiba Inu and Dogecoin.
How to Earn CATE Coins?
As a creator, you can create memes and submit your work to the platform. While other users interact with your meme by liking it and commenting on it, you earn CATE tokens. Though note that to be able to comment and like, a user must hold at least 10,000 CATE coins in their wallet. Both users and creators can earn up to 0.1 CATE tokens for these interactions.
Though you can also earn more CATE tokens simply by holding the ones you already own. As a holder, you are entitled to 2% of transaction fees gathered on the platform. Though you can also stake CATE coins to rewards. To earn up to 15% APY, you must stake your tokens for at least 31 days.
Moreover, CATE coins can be earned by playing games available on the CateCoin play-to-earn section. One of the most popular games available on CateCoin is the Rise of Cats game.
Besides that, there's the CatePad IDO platform, which allows investors to earn up to 100 times from their investments. On CatePad IDO, investors can purchase CATE coins at their launch price. However, there are 3 investment tiers and each has a minimum quantity of CATE tokens set:
- Tier 1 – a minimum of 5 billion CATE coins must be purchased;
- Tier 2 – a minimum of 500 million CATE coins must be purchased;
- Tier 3 – a minimum of 50 million CATE coins must be purchased.
Planning to buy CATE tokens? Don't forget to check the CateCoin price chart. Knowing the current and the previous CATE price will help you to make more informed purchasing decisions.
CATE Tokenomics
CATE has a maximum supply of 100 trillion tokens. These tokens have been allocated and distributed to various sections of the ecosystem. 30% of the tokens were allocated for the pre-sale, while the team got to keep 5% of the supply. Concerning the further distribution, 35% of the tokens were set aside for rewards, 15% of the tokens have been reserved for exchange liquidity, while 10% and 5% were reserved for marketing and future development respectively.
To keep the CATE price from experiencing serious inflation, the amount of CATE coins in circulation reduces over time through the burning mechanisms incorporated into the project. CateCoin burns 1% CATE of each transaction value performed on the platform.
