原文标题：Popular 'Simon’s Cat' to Join Cat Coin Fray With Issuance on Floki Launchpad  

Original author: Shaurya Malwa

Original source: coindesk

Compiled by: Mars Finance, Daisy

Simon's Cat is one of the world's largest cat meme brands and a fan-favorite animated series on social media.

(Simon's Cat/Floki)

  • Animated cat brand Simon's Cat is working with Floki, BNB Chain and DWF Labs to launch memecoin, with the token expected to be issued on August 8.

  • Part of it will be airdropped to FLOKI token holders, and the other part will be distributed to users who trade Simon's Cat using the Floki trading bot.

  • Officially pegged to the mainstream Simon’s Cat brand, Simon’s Cat memecoin is the first major cat memecoin on the BNB chain, backed by the IP of the company, which had revenue of $5.8 billion last year.

Animated cat brand Simon's Cat will issue memecoin using Floki's TokenFi launchpad in the first week of August, with the expected token issuance date being August 8, Floki lead developer B said in an interview with CoinDesk on Wednesday. The token is launched in partnership with Floki, BNB Chain and cryptocurrency investment DWF Labs. Launched in 2023 as a sister project of Floki, TokenFi is a real-world asset platform that helps traditional Internet brands tokenize into Web3 projects. It also allows users to launch any cryptocurrency without writing code. Simon's Cat is an animated series about a hungry house cat and his adventures. Data shows that it has more than 20 million followers on YouTube, Facebook and Instagram. The series mainly consists of videos and memes about the cat.

A portion of the upcoming memecoin supply will be airdropped to FLOKI token holders, and another portion will be further distributed to users who trade Simon's Cat using the Floki trading bot, thereby increasing the value of FLOKI tokens. "The catcoin space is a new and fast-growing space: its market cap is $2.9 billion, while the dogecoin space is $36 billion," B said in an interview. "The largest dogecoin is 6 times larger than the entire catcoin space, which shows that the space is currently small." B added: "While other major catcoins are based on the Solana and Ethereum blockchains, Simon Cat will be the first major catcoin on the BNB chain." Simon's Cat memecoin is officially linked to the mainstream Simon's Cat brand and is backed by its IP. Banijay, the company that holds the Simon's Cat IP, had revenue of $5.8 billion last year. Floki's B said that the Simon's Cat master brand is expected to promote the Simon's Cat memecoin on Youtube, Facebook, Twitter, Instagram and all its channels.