Binance has just announced the fourth airdrop project on its HODLer Airdrop Portal. The Simon’s Cat (CAT) project is a web2 IP branded memecoin on the BSC chain. It is a globally recognized brand that attracts audiences with its charm, humor, and unique iconic characters. Rewards for BNB holders through exclusive token airdrops. Let's quickly explore what the Simon’s Cat (CAT) project is and how to receive the HODLer Airdrop at Binance with Trading Insight.
What is Simon's Cat (CAT)?
Simon's Cat (CAT) is a web2 IP branded memecoin on the BSC chain. It is a crypto project based on the famous animated brand Simon’s Cat, created by Simon Tofield. Simon's Cat is a series of animated films and books by Simon Tofield. The films tell the story of the antics of a chubby white cat, always hungry, using many humorous tactics to get its owner to feed it. With over 1.6 billion views on YouTube and 25 million followers on social media platforms.
The brand has leveraged this popularity to develop the Simon’s Cat (CAT) token. The token was released in August 2024, aiming to combine entertainment and blockchain, creating a unique bridge for fans of the character.
The project has established itself as a globally recognized brand, attracting audiences with its charm, humor, and unique iconic characters.
The Simon's Cat (CAT) token is built on the BNB Chain and Solana platforms, aiming for direct interaction between users and products, games, and decentralized applications (dApps) related to Simon’s Cat. The project is also associated with social activities, such as fundraising for animal protection organizations.
What are the project's mission goals and values?
The project's mission goals:
The vision of Simon's Cat Token is to leverage the beloved Simon's Cat brand globally to create a fan-driven Web3 community. CAT provides fans with a creative way to interact with the brand through interactive experiences, earn rewards, and gain exclusive access to private communities and events.
Proposed Value:
By integrating hybrid Web2/Web3 experiences, such as mobile games, Telegram apps, and exclusive perks, CAT maintains the playful nature of Simon's Cat while introducing new, exciting opportunities for fans. This roadmap further emphasizes real-world initiatives, including themed merchandise, events, and charitable campaigns, connecting the digital and physical realms.
With reliable intellectual property and a global user base, the Simon's Cat Token aims to make Web3 both fun and accessible. Its mission is to create a community-driven ecosystem that provides meaningful value to fans while promoting positive impact in the real world.
Utilities of CAT
The CAT token provides many utilities for holders to promote a fan-driven ecosystem. Utilities include:
Compatibility with Solana and multichain: With a presence on both BNB Chain and Solana, holders benefit from broader trading liquidity and integration with Solana-specific protocols, offering additional utility and income options.
Fast trading and low costs: Leverage the low fees and high throughput of Solana to trade with CAT.
Accumulated revenue for buybacks and burns: Revenue generated from the Telegram Mini-App (over 2.8 million MAU) is used to buy back CAT tokens from the secondary market and burn them, helping to reduce supply and increase token value.
Charity initiatives: A portion of CAT is allocated for animal welfare, allowing owners to directly support causes such as donations to charities and the upcoming Simon's Cat Fund.
BonkBot Burn Partnership: CAT has partnered with Bonkbot to allow token burns, reducing supply. A portion of BONKbot's trading fees—20% from new users and 10% from existing users (using the CAT referral link)—is used to buy back and burn CAT, supporting its long-term value.
Project Highlights
CAT launched on August 22, 2024, and within 72 hours accumulated more than $600 million in volume on DEX and CEX.
The launch of $CAT has spiked activity on the BSC Chain from an average of 4-5% over the past 90 days to 19.8% in six days, peaking at 27.7%.
CAT has recently connected with Solana, allowing it to be traded on both BSC Chain and Solana.
Combined Web2 and Web3 applications: Users do not need in-depth blockchain knowledge to participate through user-friendly interfaces.
Global ecosystem: CAT is not just a meme token but also has utility in games, NFTs, and entertainment platforms.
Smart tokenomics strategy:
• Total supply: 9 trillion tokens.
• Allocation: 30% for presale investors, 25% for liquidity, 18.5% airdropped to FLOKI holders, and 10% for charity.
Token burning: 10% of the initial total supply has been burned to reduce supply and increase value.
Pros and Cons:
Advantages
Support from a major brand: Simon’s Cat has global recognition, making it easy for the project to attract users and investors.
Creativity: Combining blockchain features into entertainment, creating real value rather than just speculation.
Social support: A portion of the project's profits is used for animal protection.
Disadvantages
High volatility: As a meme token, the value of CAT depends heavily on market trends and community interest.
Lack of strong practical application: Although integrated with games and NFTs, the project is still evaluated as lacking sufficient features to retain users long-term.
Tokenomics of Simon's Cat (CAT)
As of December 16, 2024, the total supply of CAT is 8,099,954,917,916. The maximum supply is 9,000,000,000,000 CAT. (~10% of the supply has been burned, can be verified here) The circulating supply at the listing on Binance will be 7,892,954,917,916 (including 1,143,000,000,000 CAT in the form of airdrop token rewards for HODLers).
Token name: Simon's Cat (CAT)
Total token supply: 8,099,954,917,916 CAT
Maximum total token supply: 9,000,000,000,000 CAT
HODLer Airdrop token rewards: 1,143,000,000,000 CAT (12.7% of the total maximum token supply)
Current circulating supply: 6,749,954,917,916 CAT (75% of the token supply)
Circulating supply at listing on Binance: 7,892,954,917,916 CAT (88% of the total maximum token supply)
Token allocation
30%: Presale Investors
22.30%: Liquidity
15%: $Floki Hoders Airdrop
10%: Simon's Cat Foundation
5%: Treasury
5%: MM's
12.70%: Binance Holders Airdrop
Current capital and supply
The project raised $6,850,000 through a private sale of $2,600,000 at a price of $0.00000222 per token and a public sale on Floki's TokenFi launchpad that raised $4,250,000 at a price of $0.00000278 per token.
Key metrics (as of December 16, 2024)
Founding Team
The project is led by the management and creative team of the Simon’s Cat brand, including Simon Tofield and business partners in the blockchain field such as DWF Labs and Floki Inu. The team has leveraged their network to expand the community, collaborating with major platforms and applications.
Additionally, the collaboration with major partners is the CEX and DEX exchanges, creating immense value.
Who will the airdrop be distributed to?
Users who have registered BNB into Simple Earn products from 07:00 on December 9, 2024 (Vietnam Time) to 06:59 on December 13, 2024 (Vietnam Time) will receive an airdrop.
Airdrop Distribution and Trading Details
Users who have registered BNB into Simple Earn products from 07:00 on December 9, 2024 (Vietnam Time) to 06:59 on December 13, 2024 (Vietnam Time) will receive an airdrop.
Information about the HODLer Airdrop is expected to be provided after 12 hours, and the new tokens will be allocated to users' Spot Wallets 1 hour before trading starts.
Binance will then list 1000CAT at 16:00 on December 17, 2024 (Vietnam Time) and open trading with pairs USDT, BNB, FDUSD, and TRY. The seed token will be applied to 1000CAT.
Please note: 1000CAT is a circulating token. HODLer Airdrop rewards will rapidly increase the circulating token supply in the secondary market, which may cause significant price volatility compared to the current price after Binance opens trading for this token. Exercise caution when trading.
Details about the HODLer Airdrop 1000CAT
Token name: Simon's Cat (CAT)
Total token supply: 8,099,954,917,916 CAT
Maximum total token supply: 9,000,000,000,000 CAT
HODLer Airdrop token rewards: 1,143,000,000,000 CAT (12.7% of the total maximum token supply)
Current circulating supply: 6,749,954,917,916 CAT (75% of the token supply)
Circulating supply at listing on Binance: 7,892,954,917,916 CAT (88% of the total 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 Cap reward for each user: User’s average holding of BNB / Total average BNB holding Total HODLer Airdrop reward 100 ≤% Total HODLer Airdrop reward * 4%
What is Binance's HODLer Airdrop?
Binance's HODLer Airdrop rewards will retroactively apply to BNB holders based on historical snapshots of their BNB balances in Flexible or Locked Simple Earn products. Users who subscribe to Simple Earn automatically qualify for token rewards without any additional action required.
Benefits of HODLer Airdrops:
Passive rewards: Earn tokens based on the amount of BNB held in the past without needing to participate actively.
Eligible for multiple rewards: Qualify for Launchpool, Megadrop, and HODLer Airdrops simultaneously.
Convenience: Snapshots are taken hourly, ensuring fair distribution.
How to participate in future HODLer Airdrops
Go to the [EARN] section on Binance.
Search for BNB and register for Flexible or Locked Simple Earn products.
Binance will use historical snapshots of user balances to calculate rewards, which will be distributed to eligible Spot Wallets within 24 hours after the airdrop announcement.
Summary
Simon’s Cat (CAT) is a pretty interesting project in the crypto space, combining blockchain and entertainment. With support from the Simon’s Cat brand, the project has great potential for future development. However, note the volatility of the token, as it has been listed before, so the price fluctuation will be significant. For all new projects, take time to research and study. Trading Insight will provide all the necessary information and knowledge to give you a better perspective on the current and future market. Don’t forget to follow and interact with Trading Insight!