What is Catecoin? (And Why You Should Invest In The Meme Coin)

Catecoin is another meme coin with a feature of a decentralized meme platform launched on August 30, 2021.

According to the creators, Catecoin was launched with the intention to add real value to the meme world. “Catecoin will allow meme creators to create and earn with their memes in a decentralized way. Our platform will let meme-makers earn and create decentralized memes. And will be launching the Rise of Cats game, this video explains further”

Barely 2 months after CateCoin was launched, the decentralized meme token price surged over 700% in a week.  No doubt, the crypto market has always been full of surprises but this came as a shock to everyone.

The rivalry between Catecoin and the popular dog coins (Dogecoin – DOGE and Shiba Inu – SHIB) grew to its peak.

Catecoin for Meme Creators

Why Should You Invest in Catecoin?

The beautiful thing about Catcoin is that anybody holding it can create memes and upload them on the platform. The rest of the community will have access to the uploaded memes and can interact with them by showing their appreciation in terms of likes and comments.

The approved memes will also be transformed into NFT by minting. The sale proceeds from the NFT will also be shared with the creator. Catecoin offers novelty as it runs on a decentralized network, offers incentives and even has a burning mechanism. These aspects are not available with Dogecoin.

Coupled with the burning mechanism, Catecoin also allows the users to earn by holding Catecoin. or they can also earn by 1% from every transaction done on Catecoin. While this keeps the token in circulation the mechanism redistributes CATE to long-term holders.

How And Where To Buy The Token?

The token address for Catecoin is 0x118f073796821da3e9901061b05c0b36377b877e,  which is now live on the Binance mainnet. Be cautious not to purchase any other token with a Smart Contract different from this one (as this can be easily faked). We strongly advise you to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Foremost, just make sure you have enough BNB in your wallet to cover the transaction fees. You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB).

After that, you need a wallet address to CONNECT to Pancakeswap Decentralized Exchange in Trustwallet; connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap CATE token

Contract BSC: 0x118f073796821da3e9901061b05c0b36377b877e

RECOMMENDED

CRYPTOCURRENCY: Doge and Shiba Inu, why you should invest in them

How to earn passive income from Cryptocurrency

Why you should invest in Fantom (FTM) crypto

?DISCLAIMER:

You must know that the information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky.

Make sure you understand these risks and that you are responsible for what you do with your money. Meanwhile, make sure to do your research properly.