I/ Introduction to Simon's Cat ($CAT)
Simon's Cat ($CAT) is a memecoin based on Simon's Cat's web2 IP brand, developed on the BSC chain. Launched on August 22, 2024, $CAT quickly gained attention thanks to the global popularity of the Simon's Cat brand. With over 1.6 billion views on YouTube and 25 million followers on social platforms, the brand has leveraged that strength to expand into the crypto market, combining entertainment and blockchain.
II/ Basic information about CAT Token
Token name: Simon's Cat (CAT)
Blockchain: BNB Chain (and connected to Solana)
Token type: BEP-20
Total supply: 8,099,954,917,916 (~90% of total maximum supply)
Maximum supply: 9,000,000,000,000
Circulating supply at listing on Binance: 6,749,954,917,916 (including 1,143,000,000,000 CAT for HODLers)
Airdrop allocation for Binance HODLer: 1,143,000,000,000 CAT (12.7% of total maximum token supply)
III/ Tokenomics
Total supply: 9,000,000,000,000 CAT
Circulating supply at listing on Binance: 6,749,954,917,916
Airdrop for HODLer: 1,143,000,000,000 CAT (12.7% of total maximum supply)
1/ Allocation:
30% for presale investors
25% for liquidity
18.5% airdrop for FLOKI holders
10% for charity
2/ Token burn:
About 10% of the total supply has been burned to reduce supply and increase the token's value.
IV/ Mission and Project Values
The goal of Simon's Cat Token is to create a fan-operated Web3 community, allowing users to interact directly with the brand through games, applications, and exclusive events. The project aims to combine Web2 and Web3 experiences, such as mobile games and Telegram applications, maintaining the playful spirit of Simon’s Cat while expanding new opportunities for fans.
V/ Highlights of the project
Impressive trading volume: Just within 72 hours after launch, $CAT accumulated over $600 million on DEX and CEX exchanges.
Growth in on-chain activity: The launch of $CAT spurred on-chain activity on the BSC Chain, with an increase from 4-5% to 19.8%, peaking at 27.7% within six days.
Connection to Solana: $CAT has been connected to Solana, expanding trading capabilities on both BSC Chain and Solana, enhancing liquidity and accessibility for users.
VI/ Notable events
Token launch (2024): Simon’s Cat (CAT) was released in August 2024 and immediately attracted significant attention from the crypto community. Within 72 hours of launch, $CAT achieved trading volume exceeding $600 million on both DEX and CEX exchanges.
Presale and public sale: The project raised $6,850,000 from private and public sales. The private sale garnered $2,600,000 at $0.00000222/token, while the public sale on Floki's TokenFi launchpad raised $4,250,000 at $0.00000278/token.
Integration with Solana: Simon’s Cat has connected with the Solana network, allowing CAT tokens to trade on both BSC Chain and Solana, expanding trading range and liquidity for users.
Airdrop for Binance HODLers: 20% of the total token supply of CAT has been distributed through airdrops to FLOKI holders, helping the project expand its community and attract more investors.
2025 plan: The project will continue to expand with games, NFT platforms, and animal protection activities in the future, while organizing charity events and social campaigns to increase community impact.
VII/ Advantages and Disadvantages
1/ Advantages:
Support from a major brand: Simon’s Cat is a globally recognized brand, making it easier for the project to attract users and investors.
Creativity: The project combines blockchain technology with entertainment, providing sustainable value for the Simon’s Cat fan community.
Community interaction: Fans can engage in activities within the Web3 community, such as games and exclusive events.
Ecosystem expansion: The project plans to further develop games, products, and charitable events, creating connections between the digital and physical worlds.
2/ Disadvantages
High volatility: As a meme token, the value of CAT is easily influenced by market trends and community interest.
Real-world application is not strong: Although integrated with games and NFTs, the project still lacks sufficient features to maintain long-term appeal to users.
VIII/ Founding team
The Simon’s Cat (CAT) project is led by the creative team behind the Simon’s Cat brand, including Simon Tofield – the founder and creator of this famous animated series. The team also includes partners in the blockchain field such as DWF Labs and Floki Inu. They leverage their network to expand the community and collaborate with major platforms, enhancing the project's market presence.
IX/ Where to buy CAT tokens?
CAT tokens can be traded on decentralized exchanges (DEX) like PancakeSwap, and centralized exchanges (CEX) like Gate.io and HTX. You can also purchase directly from the project's official website, and it was recently listed on Binance.
Investment note: CAT is a meme token, highly volatile and easily influenced by market trends. Before investing, consider your financial capacity and risk tolerance. Meme tokens often have short-term appeal but also carry the risk of 'pump and dump.' Research thoroughly and do not invest all your capital in this asset.
Additionally, CAT is also airdropped through the Binance HODLer Airdrop program under the following conditions
1/ Details about the 1000CAT HODLer Airdrop
Token name: Simon's Cat (CAT)
Total token supply: 8,099,954,917,916 CAT
Maximum token supply: 9,000,000,000,000 CAT
HODLer Airdrop token rewards: 1,143,000,000,000 CAT (12.7% of total maximum token supply)
Current circulating supply: 6,749,954,917,916 CAT (75% of total supply)
Circulating supply at listing on Binance: 7,892,954,917,916 CAT (88% of maximum token supply)
Smart contract details: BNB Chain (0x6894CDe390a3f51155ea41Ed24a33A4827d3063D). Please note that both CAT and 1000CAT on the Solana network will not be supported.
Research report: Simon's Cat (1000CAT) (will be available within 24 hours after this announcement is made)
Hard limit rewards for each user: Average amount of BNB held by the user / Total average amount of BNB held Total HODLer Airdrop rewards 100% ≤ Total HODLer Airdrop rewards * 4%
2/ Introduction to Binance HODLer Airdrops
Binance HODLer Airdrops is a reward program for BNB holders through airdrop tokens based on their historical BNB balance snapshots. By staking BNB in Simple Earn, users will automatically qualify for HODLer Airdrops (as well as Launchpool and Megadrop rewards).
Unlike other earning methods that require continuous action, HODLer Airdrops retroactively reward users, providing a simple way to earn additional tokens. By staking BNB in Simple Earn products, users can automatically qualify for token rewards.
3/ How to benefit from HODLer Airdrop
Go to [Earn] and search for BNB.
Register for the Simple Earn product (Flexible and/or Locked) with the amount of BNB you hold.
User balance snapshots and the total balance of the pool will be taken multiple times at any time each hour to obtain the user's average hourly balance in Simple Earn products (Flexible and/or Locked). Binance will use the user's historical balance snapshots at random intervals after this announcement to calculate user rewards.
For example, the calculation of rewards for the HODLer Airdrop on June 11, 2024, can use the user's balance snapshot from June 1, 2024, to June 7, 2024, as a reference.
Eligible users will receive HODLer Airdrops rewards in their Spot Wallet within 24 hours after the HODLer Airdrops are announced.
X/ Conclusion
Simon's Cat (CAT) brings an exciting crypto project that combines blockchain and entertainment, creating new opportunities for fans of the Simon’s Cat brand. With strong support from the brand, the potential of the project is vast. However, investors should be aware that this is a meme token, and its value may be heavily influenced by market trends.
