Catecoin Announces First NFT Mint on BSC After Token Burn

Could this cat coin sneak up on DeFi and pounce on the dog coins?

By
Kyle Heise
on
November 7, 2021
Category:
BSC News

Can Catecoin Rival Huge Success of Dog Coins?

Catecoin has officially arrived on Binance Smart Chain (BSC) to take on the perennial plethora of dog coins. The cat-themed microcap token announced an NFT sale that will drop by November 8th.

Catecoin confirmed to the cate community through a Nov. 5th Twitter post that 2,800 blind boxes will be minted and each will have five cat NFTs. Beyond the excitement of the coming NFTs, Catecoin has hit some impressive feats recently. The token landed across the top rankings in social media activity across Decentralized Finance (DeFi) and BSC, and notably number one on CoinGecko’s charts.

“This token is going off. If you take a look at social activity on Binance Smart Chain, [Catecoin] is beating Yooshi, FEG Gorilla, Hamstercoin, and more. They’re second to CAKE, which is upper echelon,” said Youtuber Radies Rajakulam on November 5th in a video retweeted by Catecoin.
Source

With a community on the prowl ready to pounce on the dog coins, Catecoin brings utility for meme and NFT creators plus immediate staking opportunities. Unlike some of its canine competitors, Catecoin can grow to be a flourishing ecosystem. 


Catecoin’s Token Leap

Beware of jumping into this microcap. Despite the impressive gains lately, Catecoin has a circulating supply of $34 Quadrillion, with a max supply of $100 Quadrillion to go along with a market capitalization of $200 Million. 

The native CATE token posted impressive 8,000% gains at the end of October and looks poised to blast through its all-time high.

Source

The token executed a burn of 1 trillion tokens on November 6th, according to Twitter. Because of the massive supply, the burn barely put a dent in the supply. Catecoin currently trades at $0.000005772, at the time of writing. It is now down 40% from its all-time high of $0.000009749 on Nov. 2.

The token also teased a big surprise on Twitter. CryptoTwitter usually loves surprises, so good marketing move by the Catecoin team. With already a game and NFTs under their belt, what could be on the horizon? 


What is Catecoin

Catecoin is a utility-oriented meme creation and content farming platform made to help meme creators earn from their creativity. The creative meme community can share their content and earn from the community response. CATE is the native token of Catecoin, and CATE’s limited supply and burn mechanism aims to increase the token’s value offering rewards to long-term hodlers. The creative community will also be able to sell their memes via NFT minting. 

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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