As a project in the fourth phase of Binance's HODLer airdrop plan and the first phase of Meme coins, it is relatively more special than other Memes.
Why?
Next, I will explain the uniqueness of this Meme.
1. Memes have been very popular this year, and Binance has successively launched several Memes, especially on the Solana side, but on the BSC chain, there are only a few, and it just so happens that this wave is trending on the BNB Chain, which is a favorable timing.
2. The IP of Simon Cat: Friends in China may not be very familiar, but Simon Cat is a globally recognized cartoon character that depicts a mischievous cat in a charming and humorous way, attracting a large fan base.
The brand has over 1.6 billion views on YouTube and over 25 million followers on social media, with strong international and multicultural appeal. Moreover, Simon Cat has also achieved great success in books, merchandise, and mobile games, with over 25 million downloads, having a loyal global fan base.
3. The Simon Cat meme token ($CAT) brings this popular IP into the blockchain world, with official licensing, unlike some other tokens that use images without third-party authorization.
The token itself was launched this August, introducing blockchain technology to fans through a connection between Web2/Web3.
4. Unlike other Memes, as a newly issued token, it has its own token distribution.
As shown in the figure, in addition to the distribution to Hodlers, there is also a portion for investors, and there are also many from airdrops.
$FLOKI The airdrop strategy accounts for a significant portion, and its uniqueness lies in the allocation to investors.
5. Most other MEMEs start with full circulation and then engage in on-chain chip trading. This involves team efforts to gain authorization and investor allocation, which can be understood to some extent as a VC coin with a MEME twist.
Additionally, in terms of token economics, Simon Cat has also set up a lock-up design for the portions originally belonging to the project itself, namely the foundation and treasury, so its initial circulation should be 85%.
6. Like most animal-themed Memes, Simon Cat tokens will also lead to charitable endeavors in animal protection, which aligns with some of the unique points mentioned above.
7. The token itself has planned 2 destruction schemes.
(1) The revenue generated by its Telegram mini-program (2.8 million+ daily active users) is used to repurchase CAT tokens from the secondary market and destroy them to reduce supply and increase token value.
(2) BonkBot destruction partnership: CAT has partnered with Bonkbot for token destruction to reduce supply. A portion of the BONKbot transaction fees (20% from new users, 10% from existing users using the CAT referral link) is used to repurchase and destroy CAT to support its long-term value.
8. There are some holder rights that are common among most VC tokens, but not often found in Meme tokens.
(1) Exclusive rights: CAT holders will receive exclusive benefits, including access to private community passes, participation in Simon Cat exclusive events, and member-only content such as comics from the Simon Cat themed series.
(2) Product integration: The token will provide holders with discounts, priority access, and exclusive merchandise collections, bridging the gap between digital and physical ownership, equivalent to holding a coupon.
(3) Real-world applications: CAT will play a role in real-world experiences, including Simon Cat themed cafes and events in major cities, where tokens can be used for entry or to unlock exclusive privileges, although such activities are rare domestically.
Overall, due to the IP authorization, Simon Cat as a Meme might exhibit attributes of a non-traditional MEME, and it can be understood as a VC coin with a Meme shell (without any positive or negative connotation).
