One of the key features that makes Simon’s Cat Token ($CAT) so unique is its deflationary mechanics. To date, $25 million worth of $CAT has already been burned, reducing the overall supply and setting the stage for long-term value growth.

How the Burn Affects $CAT’s Value

1. Lower Supply: As tokens are burned, the circulating supply of $CAT decreases, which means that as demand grows, the token becomes more scarce.

2. Increased Demand: With fewer tokens available, those who hold $CAT could see a rise in its value, as more investors try to get their hands on this increasingly rare asset.

3. Future Burns: The burn mechanism isn’t over – more burns are planned, which will continue to drive up the token’s value over time.

For investors, this means that getting in early on $CAT offers a chance to benefit from its shrinking supply and increasing demand, positioning them for potential profits.

#CAT dyor NFA 👍