Question 1

What is Kaspa Cats (KCATS)?

Accepted Answer

Kaspa Cats (KCATS) is a token and NFT-based project launched on the Kaspa blockchain. Designed as a KRC20 token, it aims to create a decentralised gaming ecosystem focused on Player vs Player (PVP) gameplay, with an emphasis on transparency and fairness. Kaspa Cats employs a deflationary model with a total supply of 100 billion tokens, distributed through a fair launch minting mechanism. Its goal is to establish one of the first gaming ecosystems on the Kaspa chain, with KCATS tokens serving as the primary medium for accessing games and participating in the platform's various activities​.

Question 2

What is Kaspa Cats (KCATS) used for?

Accepted Answer

Kaspa Cats (KCATS) is primarily used within its ecosystem for gaming and NFT-related activities. Players use KCATS tokens to participate in PVP games, notably the "Ultimate Cat Fighting Championship" (UCFC), a Tekken-style game where players can battle their NFTs. Winners receive prizes, including a share of the prize pool in KCATS, while a portion of the tokens (20%) is burned to maintain the deflationary nature of the token. Additionally, KCATS tokens are required for minting NFTs, which are used in these games. The token is also employed to incentivise long-term holding and provide liquidity through an automatic and locked liquidity generation protocol​.