The cat meme coin CatSlap is the latest Ethereum-based release that just blew into the world of cryptocurrency, making quite a stir on its first day of trading. Boasting 1,400+ transactions and a price spike of 1,500% in the first 24 hours, this new project definitely puts itself forth as one imbuing the meme coin genre with humor and innovative approaches. Here is everything about the token’s features, tokenomics, and market activity.
Fair Launch and Token Distribution
CatSlap officially launched on November 21 at 2 PM UTC through a fair launch model, ensuring equal opportunities for all traders to purchase SLAP at its initial price. The project has a capped total supply of 9 billion SLAP tokens, distributed strategically:
- 50% of the supply is allocated to provide liquidity on Uniswap, with liquidity locked for 60 days to ensure stability.
The remaining tokens are distributed as follows:
- Staking rewards: For holders who lock their SLAP tokens through CatSlap’s built-in staking app.
- Community rewards: Incentivizing active participation and engagement.
- Development fund: Supporting the project’s ongoing growth and features.
- Team allocation: Vesting over a 10-year period to maintain long-term commitment.
Staking Rewards and Community Engagement
CatSlap’s staking feature allows token holders to lock up their SLAP for a minimum of 90 days, offering them potential rewards while encouraging long-term participation. This staking mechanism has helped drive community interest, with CatSlap’s Twitter page amassing 1,500 followers and its Telegram group attracting numerous members.
Market Performance and Gameplay Features
Since its launch, CatSlap has been gaining momentum quickly. The price surged to $0.00694, with its market capitalization reaching $56.2 million.
Along with trading, this grumpy cat coin implements a browser-based CatSlap game where fun meets community engagement. In this game, the player will click to slap the popular meme character Pepe the Frog, competing in real-time against each other to rank their country. Since going live, it has counted more than 6,194,000 slaps globally.
Technical Highlights and Security
CatSlap’s zero-tax tokenomics provide an attractive trading model for investors. Furthermore, this cat meme coin’s SolidProof smart contract audit ensures the project’s technical reliability, giving investors greater confidence.
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Closing Thoughts On the Cat Meme Coin CatSlap
CatSlap is one of the few who merge meme culture fun with strategic tokenomics, setting themselves apart from the herd. Boasting a community-driven, fast-rising value, it shows the potential to become a big player in this crypto ecosystem. But, like all meme coins, SLAP is only as successful as the community interest it sustains and the innovations that come with it.
Whether it is in speculative investment or merely adding some fun to your crypto portfolio, CatSlap will definitely be one to watch. Always do your own research, and invest very carefully in any meme coin. Discover MevX today!
The content of this article is provided for informational purposes only and should not be considered investment advice, financial advice, or any other type of professional advice.