Binance has just announced the fourth Airdrop project on Binance's HODLer Airdrop portal. The Simon’s Cat (CAT) project is a web2 IP brand memecoin on the BSC chain. As a globally recognized brand, it attracts audiences with charm, humor, and its 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.
What is Simon's Cat (CAT)?
Simon's Cat (CAT) is a web2 IP brand 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 film depicts the antics of a chubby white cat who is always hungry, using various 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 its popularity to develop 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 charm, humor, and iconic characters.
The Simon's Cat (CAT) token is built on the BNB Chain and Solana, aiming for direct interaction between users and products, games, and decentralized applications (dApps) related to Simon’s Cat. The project is also tied to social activities, such as fundraising for animal protection organizations.
What are the mission goals and values of the project?
Project mission goal:
The vision of Simon's Cat Token is to leverage the globally loved Simon's Cat brand to create a fan-driven Web3 community. CAT offers fans a creative way to engage 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 applications, and exclusive perks, CAT maintains the playful nature of Simon's Cat while introducing new and exciting opportunities for fans. This roadmap further emphasizes real-world initiatives, including themed merchandise, events, and charity campaigns, connecting the digital and physical realms.
With reliable intellectual property and a global user base, Simon's Cat Token aims to make Web3 both fun and accessible. Its mission is to create a community-driven ecosystem, delivering meaningful value to fans while fostering positive impact in the real world.
Utilities of CAT
The CAT token offers various utilities for holders to enhance the fan-driven ecosystem. Utilities include:
Compatibility with Solana and multi-chain: With a presence on BNB Chain and Solana, holders benefit from wider trading liquidity and integration with Solana-specific protocols, providing additional utility options and income.
Fast transactions and low costs: Utilizing BNB Chain and Solana's low fees and high throughput for trading with CAT.
Accumulated revenue for buyback and burn: 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 initiative: 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 enable token burning, reducing supply. A portion of the BONKbot transaction 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, it accumulated a volume of over $600 million on DEX and CEX.
The launch of $CAT surged activity on the BSC Chain from an average of 4-5% over 90 days to 19.8% in six days, peaking at 27.7%.
CAT has recently been connected to Solana, allowing it to be traded on both BSC Chain and Solana.
Combined Web2 and Web3 applications: Users do not need deep 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.
Advantages and disadvantages:
Advantages
Support from a major brand: Simon’s Cat has global recognition, making it easier for the project to attract users and investors.
Creativity: Integrating blockchain features into entertainment, creating real value rather than just speculation.
Social support: A portion of the project's profits is used to protect animals.
Disadvantages
High volatility: As a meme token, the value of CAT heavily depends on market trends and community interest.
Lack of strong real-world applications: Despite integration with games and NFTs, the project is still viewed as lacking sufficient features to retain long-term users.
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 supply has been burned, verifiable here) The circulating supply at listing on Binance will be 7,892,954,917,916 (including 1,143,000,000,000 CAT as HODLer airdrop token rewards).
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 reward: 1,143,000,000,000 CAT (12.7% of the maximum total token supply)
Current circulating supply: 6,749,954,917,916 CAT (75% of token supply)
Circulating supply at listing on Binance: 7,892,954,917,916 CAT (88% of maximum total 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 has raised $6,850,000 through a private sale of $2,600,000 at $0.00000222 per token and a public sale on Floki’s TokenFi launchpad that raised $4,250,000 at $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 space like DWF Labs and Floki Inu. The team has leveraged its network to expand the community and collaborate with major platforms and applications.
Additionally, in conjunction with major partners, the CEX and DEX exchanges create immense value.
Who will the airdrop be allocated to?
Users who registered BNB for 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.
Details of Airdrop Distribution and Trading
Users who registered BNB for 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 HODLer Airdrop is expected to be provided after 12 hours and new tokens will be allocated to users' Spot Wallets 1 hour before trading begins.
Binance will then list 1000CAT at 16:00 on December 17, 2024 (Vietnam time) and open trading with USDT, BNB, FDUSD, and TRY pairs. A seed tag will apply to 1000CAT.
Please note: 1000CAT is a circulating token. The HODLer Airdrop rewards will quickly increase the circulating tokens in the secondary market, which may cause significant price volatility compared to the current price once Binance opens trading for this token. Please be cautious when trading.
Details about HODLer Airdrop 1000CAT
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 reward: 1,143,000,000,000 CAT (12.7% of the maximum total token supply)
Current circulating supply: 6,749,954,917,916 CAT (75% of token supply)
Circulating supply at listing on Binance: 7,892,954,917,916 CAT (88% of maximum total token supply)
Smart contract details: BNB Chain (0x6894CDe390a3f51155ea41Ed24a33A4827d3063D). 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 of this announcement)
Hard Cap reward for each user: User's average held BNB / Total average held BNB Total HODLer Airdrop reward 100 ≤% Total HODLer Airdrop reward * 4%
What is Binance's HODLer Airdrop?
Binance's HODLer Airdrop rewards will be retroactive for BNB holders based on historical snapshots of their BNB balances in flexible or locked Simple Earn products. Users who register for Simple Earn will automatically qualify for token rewards without any additional actions required.
Benefits of HODLer Airdrops:
Passive rewards: Earn tokens based on the amount of BNB held in the past without needing active participation.
Multi-reward eligibility: Eligible for Launchpool, Megadrop, and HODLer Airdrops simultaneously.
Convenience: Snapshots are taken hourly to ensure 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 quite an interesting project in the crypto space, combining blockchain and entertainment. With the support of the Simon’s Cat brand, the project has great potential to grow in the future. However, be cautious of the token's volatility, as it has been listed before, so the price may fluctuate significantly. For any new projects, take time to understand and research. Trading Insight will provide ample 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!
