Babies, December is the month of crazy airdrops, but Moonlight really didn't expect to also get the token $CAT from the British animation @SimonsCatMeme Simon’s Cat, which is also recorded on Wikipedia.
Artist Simon Tofield created this eternally hungry white cat in 2008, who is always looking for food.
Watching the cat use various funny ways to get the owner to feed it, Moonlight realized that there are even more powerful foodies than me!
The team's operations are impressive, with over 5 million followers on Instagram, and they understand how to adapt to the trend of developing the Web3 ecosystem.
Especially in the zoo meme circle, felines have always received a lot of attention, so cat tokens are likely to become popular.
$CAT token aims to leverage the brand influence of Simon’s Cat to create a fan-driven Web3 community.
Token holders can interact more closely with the brand through interactive experiences, earning rewards, and participating in exclusive events.
Next, the project team plans to integrate Web2 and Web3 experiences and launch more interesting products. For example: mobile games, Telegram applications, etc., so stay tuned!
Token Issuance and Economics
$CAT token was launched on August 22, 2024. The project raised approximately $6.85 million through private placement and public sale.
As of December 16, 2024, the total supply of CAT is approximately 81 trillion, with a maximum supply of 90 trillion, of which about 10% of the tokens have been burned.
After being listed on Binance, the circulating supply is approximately 67.5 trillion, of which about 11.43 billion CAT is distributed as HODLer airdrop rewards.
The moonlight just got this wave of airdrop, and got a delicious pork leg rice!
Let's take a look at the data after CAT's launch.
Overall, the performance is quite good.
Within 72 hours of release, the trading volume on decentralized exchanges (DEX) and centralized exchanges (CEX) exceeded $600 million.
After the CAT token was launched on the BNB chain, on-chain activities on the BNB chain skyrocketed from an average of 4-5% over the past 90 days to 19.8% within six days, peaking at 27.7%.
Additionally, CAT has recently bridged to the Solana chain, making it convenient to trade on both the BNB and Solana chains!
The CAT token is listed on #Binance, and the trading pair is 1000CAT.
It is important to note that @Binance uses a 1000CAT pricing method, making the token's price more in line with traditional trading values.
For example, if the price of CAT on a decentralized exchange is $0.00007, then on Binance, the price of 1000CAT would be $0.07.
When recharging CAT from the on-chain token to Binance, the quantity will also be reduced at a ratio of 1000:1, but this is limited to trading display.
When withdrawing, the quantity will return to the original amount.
For example, recharging 1000 CAT would show as 1 1000CAT on Binance.
Withdrawing 1 1000CAT will convert back to 1000 CAT tokens to the on-chain wallet.
In other words, the CAT token itself has not changed. This pricing method is just to simplify transactions on the platform.
Overall, Simon’s Cat's official launch of the $CAT token successfully expanded from the anime circle to the crypto circle by combining IP and blockchain technology, allowing more people to recognize original works.
Moonlight expects that more top cartoonists will launch adorable tokens in the future.
What do you think?
$1000CAT $BNB
