Catecoin (CATE), World’s First Utility Meme Coin

Catecoin, with the code CATE, is the first meme coin with a real-world utility. They have developed a social media platform where content creators can join and start publishing memes and other content.

You can call Catecoin a Defi meme coin because content creators can earn CATE for their memes. You can also make CATE from your likes and comments. It is the first Defi meme platform that combines memes with economic incentives.

Basically, you can start creating content or like and comment on memes and earn money, stake CATE and get annual profit, turn your memes into NFTs, and even buy others’ memes as NFTs. It’s a new form of social media where people can tip each other for well-made content. It is also a community-driven token powered by cat lovers and meme enthusiasts in the crypto space.

It doesn’t require any KYC or registration; you only need to connect your Metamask wallet or any wallet via Walletconnect. You need to buy a certain amount of CATE tokens, and then you can monetize by publishing memes and jokes or liking and commenting on them.

How does it work? If you publish a meme on the Catecoin platform, users can see your meme and like it, and you get 0.1 CATE with every interaction you get. Interestingly, even users who like and comment on memes get 0.1 CATE. So, whether you are a content creator or a user who likes and comments on others’ content, you can earn CATE by enjoying memes or creating them.

Of course, there are some rules in place to regulate how CATE is used. You need to hold more than 5 million CATE tokens to share your memes on Catecoin. Once you get 100k likes and ten comments, you can start earning money from marketing your content.

It’s a new way of farming tokens, and it’s the first time a meme coin comes with Defi incentives. As a user, you need to hold ten thousand CATE to earn money from your likes and comments.

On Catecoin’s meme platform, you can also convert memes into NFTs. You only need to pay CATE to mint them. It’s important to keep in mind that contents on the Catecoin platform are not already NFT, but everyone can turn them into NFT inside the platform.

You will be able to turn your or others’ memes into NFTs, and the original creators will have their cut. Then, you can sell your NFTs on Catecoin’s NFT marketplace, a big meme NFT marketplace where you can buy and sell memes, look at cat pictures, and enjoy the meme platform.

In short:

• Meme platform

• You can publish memes as long as you hold 5 million CATE tokens.

• You may earn CATE from your published memes if you get 100k likes and ten comments.

• You can like and comment on others’ memes and earn CATE if you hold 10k tokens.

• You can turn your or others’ memes into tradable NFTs, with the original creators having a profit share.

• Earn 0.1 CATE for each like you get or each like you give to others.

You can also stake your CATE in Catecoin’s liquidity pool in Catecoin’s decentralized app, thus earning a 15% annual Profit (APY) over your locked tokens.

If you stake $CATE in the Catecoin decentralized app, you need to keep it for 31 days. If you decide to take out your staked tokens before the 31 days, you will have to pay a 20% penalty on your tokens to get them out.

One of the reasons that CATE is tempting to buy and hold is Catecoin’s reflection feature. If you buy CATE and simply hold it without even staking it, you will earn more CATE. Catecoin has a reflection ecosystem in which 1% of every transaction in the platform will be distributed to CATE holders with any amount of token.

Equally, 1% of every transaction will undergo burn protocol. The Catecoin supply will decrease over time due to a limited supply. This creates an excellent economic incentive to buy CATE and simply HODL.

In short:

• 15% annual profit for staking in Catecoin dapp

• 20% penalty for taking out staked CATE under 31 days

• 1% earn on simply holding CATE

• 1% of all the transactions will burn

Catecoin has developed an NFT-based play-to-earn game named the Rise of Cats. There are 40 unique cats in the game with different skills and attributes; players can collect cats and build an army to protect the grand tower from mice and rats. There are three game sections:

1. Play arcade mode and protect the tower and defeat powerful bosses and earn CATE as you reach higher levels
2. Play fast-paced mode with other players online. It’s a game of protecting the realm and seeing who can hold on longer. The winner will earn CATE tokens.
3. Co-op mode is still in progress. In co-op mode, players can gather in teams of two and play arcade mode or against each other and protect the realm of cats by killing rats, mice, and giant bosses. Co-op mode has not yet been released.

A further 33% of the supply belongs to the ecosystem. As users create memes, NFTs, and like and comment on memes, they earn CATE tokens. In addition, regular token holders earn 1% of every transaction.

So as users make more transactions, token holders earn more off the supply until the 33% runs out. An additional 7% of the whole supply will be locked as liquidity for staking. The remaining supply is considered for marketing and development.

In short:

• 45% supply for transactions and eventually undergo burn system
• 33% ecosystem circulation and CATE earnings
• 10% marketing and distributed to the team
• 7% liquidity for staking and Defi incentives
• 5% development of the platform plus more features and expansion

Catecoin has announced that it will continue developing and creating more stuff as it plans to launch the second version of its play-to-earn game known as the Rise of Cats. Transaction fees are a fraction of a cent because it is built on top of the Binance Smart Chain.

Catecoin is listed on Gate.io, pancakeswap, ZB.COM, Hotbit, and BKEX, but not on major exchanges with higher volumes. CATE is now worth $0.000001839, according to Coinmarketcap. It is down almost 84% since its all-time high of $0.00001159.

As the Catecoin community grows and more people start using the platform, there’s the possibility of big exchanges listing CATE as it calls for more demand along with real-world utilities. Getting listed on big exchanges is a near-term goal for Catecoin as the community grows – if listed, CATE may see massive price growth in the future.