What is Simon’s Cat (CAT)?
Simon’s Cat (CAT) is a blockchain project inspired by the globally loved animated series Simon’s Cat. Created by Simon Tofield, the series has captivated millions with its humor and iconic feline characters. In August 2024, the Simon’s Cat brand entered the cryptocurrency space with the launch of the CAT token, aiming to merge entertainment and blockchain while introducing Web3 opportunities to its loyal fan base.
Project mission and value proposition
The project’s mission is to build a fan-driven Web3 community using Simon the Cat’s charm and humor. By combining entertainment with blockchain technology, CAT bridges the gap between the digital and physical worlds by providing fans with interactive experiences, rewards and access to exclusive events.
Value proposition includes:
- Hybrid Web2/Web3 experience: Integration of mobile games, Telegram apps and blockchain.
- real world initiatives: themed merchandise, events and charities that support animal welfare.
Main utilities
The CAT token introduces multiple utilities that enhance its ecosystem:
- Multi-chain compatibility: CAT runs on the BNB chain and Solana, providing expanded trading liquidity and integration with decentralized applications (dApps).
- low cost transaction: CAT leverages Solana’s fast processing and low transaction fees to enable seamless transactions.
- Buyback and Burn Revenue: Revenue from the Simon’s Cat Telegram Mini-App is allocated to token buybacks and burns, thereby reducing supply.
- Charitable support: A portion of token proceeds are earmarked for animal welfare initiatives, such as donations to charities and the Simon Cat Foundation.
- burn partner: Partnerships with platforms like BonkBot ensure continuous token burning to maintain value.
Project Highlights
Simon Cat Token (CAT) made a stunning debut on August 22, 2024, generating Transaction volume exceeds $600 million Across centralized and decentralized exchanges within the first 72 hours.
The launch of the token has significantly boosted activity on Binance Smart Chain (BSC), taking its typical daily participation rate of 4-5% over the previous three months to an impressive 19.8% in six days, peaking at 27.7 %. Recently, CAT expanded its coverage through integration with the Solana blockchain, supporting transactions across the BSC and Solana networks.
CAT is more than just a meme coin, it serves a broader purpose and cultivates a global digital ecosystem by supporting games, NFTs, and entertainment platforms. Its innovative approach blends Web2 and Web3 applications to provide a user-friendly interface that allows fans and investors to participate in the ecosystem without extensive blockchain expertise.
CAT’s token economics reflect a well-structured plan with a total supply of 9 trillion tokens. 10% of the initial total supply has been burned, reducing the circulating supply and potentially increasing the token’s value over time.
$CAT Token Economics
Token supply
The $CAT token operates on a clear and sustainable token economic model designed to maximize its utility and ensure long-term value.
The initial total supply of $CAT is 9 trillion tokens. Strategic Token Burning 10% of total supply Already implemented, the current total supply is 8,099,954,917,916 tokens. This approach reduces supply, potentially driving higher value for the remaining tokens.
As of the Binance listing, the circulating supply of $CAT is expected to be 7,892,954,917,916 tokens,represent 88% of total maximum supply. This ensures ample trading liquidity while maintaining controlled releases to avoid market saturation.
Token distribution
Token distribution is intended to support project growth and community participation:
- 30%: reserved for pre-sale investorsincluding private and public sale investors, providing early backers with significant participation opportunities.
- 22.3%: assigned to Liquidityto ensure a stable and robust trading environment for the exchange.
- 15%: Committed to FLOKI HOLDERS Reward the Web3 community through airdrops.
- 12.7%: reserved for Binance HODLer Airdropin line with Binance’s move to reward BNB holders.
- 10%: assigned to simon cat foundation For charity and social causes.
- 5%: reserved for projects treasury Support future growth and innovation.
- 5%: reserved for Market Maker (MM) Maintain market stability and reduce price fluctuations.
CAT HODLer airdrop details
The 1000CAT token reward is designed exclusively for Binance users, providing exciting opportunities for new and existing participants. These incentives are expected to help increase significant transaction volumes while increasing CAT’s visibility in the market.
Short investment eligibility and allocation
- Users must register BNB into Flexible or Locked Simple Earn products December 9, 2024 07:00 (UTC) and December 13, 2024 06:59 (UTC).
- The airdropped tokens will be deposited into the user’s spot wallet One hour before trading starts on Binance.
Transaction details
- $CAT trading on Binance starts at December 17, 2024exist 16:00 (UTC).
- Trading pairs include USDT, BNB, FDUSD and TRYproviding traders with extensive flexibility.
- The initial coin offering was also introduced 1000 catsthe standard unit of transactions, ensuring the convenience of transactions.
Token distribution for airdrops
- HODLer airdrop rewards occupy 12.7% of total maximum supplyequivalent to 1.143 trillion USD CAT tokens.
About Binance HODLer Airdrop
The Binance HODLer Airdrop is an exclusive program designed to provide BNB holders with a seamless, passive opportunity to earn money. By participating in the program, users can earn tokens from selected projects, including Simon’s Cat (CAT), simply by holding BNB in Binance’s Flexible or Locked Simple Earn products.
Terms and Conditions of Participation
- Users must hold BNB in flexible or locked-in simple yield products during the qualification period.
- Rewards are calculated based on average BNB holdings.
- Tokens will be distributed to eligible spot wallets within 24 hours of announcement.
final thoughts
Simon’s Cat (CAT) exemplifies how traditional media franchises are adapting to Web3 trends, providing fans and investors with a unique blend of entertainment and blockchain utility. Just like Binance’s The fifth HODLer airdrop projectCAT demonstrates the potential for branded tokens to thrive in the crypto ecosystem.
The CAT HODLer airdrop not only enhances community participation, but also provides a seamless entry point for new investors. However, a rapid increase in circulating supply may create volatile market dynamics, so caution is advised when trading newly airdropped tokens.
