CATECOIN
CateCoin
$0.0₇7526
1.28%
CateCoin
CATECOIN
$0.0₇7526
1.28%
CateCoin Price Converter
CateCoin Information
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About CateCoin
CateCoin (CATE) is a DeFi Meme platform cryptocurrency, offering a space for meme creation and sharing, and cat-themed NFT trading. It is used for passive income generation, play-to-earn NFT gaming, and project launches on its IDO platform. Launched in May 2021, CateCoin aims to develop useful dApps to support the crypto community.
CateCoin is a cryptocurrency that operates on a DeFi Meme platform. This platform serves as a space for creators to produce and share memes. Users have the option to compensate creators using CATE tokens. Additionally, the platform supports trading and allows users to transform their memes into Non-Fungible Tokens (NFTs). To participate in meme creation on the platform, users need to hold a minimum of 5 million CATE tokens, which is a relatively small investment due to the token's low price. CateCoin positions itself alongside other popular meme cryptocurrencies like Shiba Inu and Dogecoin, boasting a token supply of 100 trillion.
CateCoin (CATE) has several uses within its ecosystem:
Gaming and NFT: Users can buy and trade cat-themed NFTs in the CateCoin Marketplace and earn Catpay tokens by playing the 'Rise of Cats' game.
Passive Income: Holding CateCoin offers a 15% Annual Percentage Yield (APY), and 2% of each transaction fee is redistributed back to the token holders.
Play-to-Earn NFT Gaming: The platform includes play-to-earn NFT gaming, allowing users to earn rewards in Catpay.
Deflationary Nature: CateCoin is designed to be deflationary, meaning its circulating supply decreases with every transaction.
Staking: Long-term holders of CateCoin can stake their tokens and earn up to 15% APY.
IDO Platform: CateCoin has an Initial DEX Offering (IDO) platform where only CateCoin investors can participate in launching new projects.
CateCoin was launched in May 2021 as the first cat-themed token. The project's primary aim is to develop useful decentralized applications (dApps) that assist the cryptocurrency community. It is a community-based project focusing on expanding its offerings in the crypto space.
Although 'CATE' was the ticker assigned at the deployment of the CateCoin 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 'CATECOIN' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
