Meme coins have recently become the talk of the town, but the question is, what are they? As the name suggests, meme coins are often founded on a ‘joke.’ The world’s most popular Meme coin, Dogecoin, was founded in 2015 to make fun of the wild speculation in cryptocurrencies. Some call Meme coins’ insanity’ whereas some see it as a ‘get rich quick scheme. Elon Musk is the most prominent figure to promote a Meme Coin, widely proclaiming himself as the ‘DogeFather.’
The idea of meme coins is now one of the often talked-about investment prospects in the crypto world, with Shiba Inu’s 50,000,000% price gain in the last 12 months serving as a reminder of the likely profitability of these internet trend-inspired coins.
While it might be difficult to ignore the sizable upside potential of meme coins and their ostensibly innocent animal-centric mascots, it’s important to remember that sponsoring meme coins is a risky endeavor that frequently leads to significant casualties due to fraud, hacks, and exploitation. Other factors to consider include the normal losses associated with joining the bandwagon out of a sense of not wanting to lose out on something and watching your unique asset decline as the meme mob moves on to other bright goods.
Meme coins are often founded based on a ‘joke.’ The world’s most popular Meme coin, Dogecoin, was founded in 2015 to make fun of the wild speculation in cryptocurrencies. Some call Meme coins ‘insanity’ whereas some see it as a ‘get rich quick scheme. Elon Musk is the most prominent figure to promote a Meme Coin, widely proclaiming himself as the ‘DogeFather.’
CatCoin is one such meme coin that has reached success in a short period. Catcoin has 9 months since creation, but Catcoin is all about volunteers. The core team comprises all unpaid volunteers who share a parallel vision for the success of CatCoin.
Their expertise spans several industries, particularly cryptocurrencies. High-profile project managers, seasoned business leaders, gifted presenters, animators, graphic designers, and blockchain tech & security are a few examples of core members.
The team’s primary goal is to unite cat lovers worldwide by promoting freedom of speech and unconditional love for cats. It is a community-driven project, and each community member has a part to play in getting the project the awareness and acceptance it needs. The following are some things that will make the token more valuable over time:
● Creating Hybrid DAO (Decentralized Autonomous Organization) voting
● Reflections for $CATS holders
● Being Listed in top CEXs and DEXs.
● Creating Staking Pools
● Creating ETH BRIDGE
● NFT collections (with integrated utility)
● Interactive / education crypto games
● Merchandise store online for catcoin brand profit will be directed as a donation to cat organizations.
● Applications development for future utilities
● Donations for cats organizations worldwide
CatCoin is a meme coin project on Binance Smart Chain (BSC). The original contract was launched on November 26th, 2021. The agreement was improved on April 22nd, 2022, and v2 was initiated. The ownership is renounced – meaning the contract has also been professionally audited by multiple notable auditing firms.
The main team contributes to the neighborhood. High-profile project managers, seasoned business leaders, gifted presenters, animators, graphic designers, and blockchain tech & security are a few examples of core members. Their expertise spans several industries, particularly cryptocurrencies.