CatCoin (CAT) primarily functions as a meme coin, aiming to recreate the viral appeal of earlier successful meme cryptocurrencies. It is intended for use within a community of enthusiasts who share a common interest in decentralised finance and internet culture, particularly those who enjoy cat-themed content. The token is also intended to serve as a medium of exchange within this community, fostering engagement through social media and other platforms. However, beyond its memetic value and community-driven use case, CAT does not currently have a specific utility beyond being a vehicle for speculation and community engagement.

Although 'CAT' was the ticker assigned at the deployment of the CatCoin Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'CATCOINCASH' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.