Right now we are seeing a boom in shitcoins or meme coins, and although they could be a quick way to become a millionaire quickly, the reality is that real experts shy away from them because they are pump and dump instruments or coins that can turn out to be a scam.
But regardless of that, tokens like DOGE and SHIB are having more of an impact on the market. Especially with the huge noise that DOGE is getting because of its possible founder Elon Musk or SHIB since ethereum founder Vitalik Buterin Burns $6.74 Billion in Shiba Inu which reduced the circulating SHIB tokens by 90%.
But I don't want to talk about SHIB or DOGE, I imagine that many have already talked about that, I want to talk about a cryptocurrency with huge potential because, in addition to having an author's reward system, it is also self-sustaining with each transaction and becomes more valuable. And although it is in its early stages, so far it has more than 95K holders.
What is CATECOIN?
Catecoin is the currency that drives the world's first defi meme project, which seeks to reward content holders and creators to take the meme market to the next level, it also has a NFT system which will also benefit content creators.
Tokenomics
Name: Catecoin (CATE)
Distribution: 35% Ecosystem - 30% Liqudity - 15% Exchange Listing - 10% Marketing - 10% Team and Future Development
Contract Direction: 0x118f073796821da3e9901061b05c0b36377b877e
Supply: 100,000,000,000,000
Purpose: Meme Plaform, Dapps
So I want to tell you why I have decided to invest in a shitcoin, which many might consider risky.
First, the risk haha: since investing in a shitcoin is a lottery, the price can skyrocket as in the case of SHIB or it can go down and make you lose your investment. so it is that risk that drove me to invest since I thought: " And what if I manage to win with this?"
Second, the features: When you go to invest in any cryptocurrency like LEO, you observe all the benefits it has apart from increasing in value with the LEO you have in your wallet, you can also bet on LEO POWER and earn more Leo curing content, you can burn it and thus make more valuable the one that is in circulation, you can change it to bLEO or wLEO and use it in BSC or ethereum, etc.
With CATECOIN it is the same way because with this coin they reward content creators (as well as in Hive or leofinance) in the catecoin memes defi, which is the only one to do so. And they have something called Content Farming.
Which is basically about rewarding content creators and both the creator and the curator win:
We reserved 35% CATE to content farming where tokens are given to content creator whose content is approved and receive minimum 100 likes and 10 comments.
Each like and comment by new addresses will give 0.1 Coin to the user and 0.1 coin to creator.
All users who hold min 100k coin can post and user with 10k CATE can like and comment.
All approved memes will be eligible for NFT minting and purchaser will get all rewards from that memes.
CATECOIN PAGE
If you are a catecoin Hold you earn 1% of every transaction made in catecoin, I have checked it myself and so far I have received almost 100K CATECOIN with the 7 million coins I have. And at the same time, it burns 1% of the total supply of CATECOIN, which reduces the supply and makes the coin more valuable. And finally, it has a limited supply of 100,000,000,000,000,000,000 and with the constant burns, it further reduces that number.
How much have I invested?
Every time I have the opportunity I invest more and more, so far I have invested $12 in this project and I have bought 7.4 million catecoin, although I plan to raise that number to 1 billion catecoin but buying sporadically since it must be money that I am willing to lose.
As I said before if in a few months it goes up even $0.0001 then my investment and patience will have been very worthwhile, but that is a short-term price because in a future of 2 years I see it at $0.10. After all, as the defi memes page becomes more popular, then the coin will become more valuable.
Why should you invest in CATECOIN?
Why not? Have you ever had the feeling that a project will be good even if at the moment it doesn't have a good basis? Well, I have, cryptocurrencies didn't seem to be a safe source of money, and look at me now, writing an article about a shitcoin and inviting you to invest.
You should invest in catecoin as it is a good project, with similar features to hive, plus the meme market is growing enormously because during such an ugly world situation, people are looking for something to distract themselves with and that is what catecoin took advantage of and allows anyone who creates a meme to receive a reward for their creation.
If you see what I tried to show you, you will see the future potential that catecoin has...
How to buy CATECOIN?
It is very simple:
- 1 - go to the following pancakeswap link and connect your metamask wallet (must have BNB as gas):
2 - Set the slippage to 3% (Important for the transaction to go through).
3 - Approve the contract and that's it, you are now enjoying all the benefits of having CATECOIN in your wallet, whether you choose to be hodl or use it in the catecoin defi meme.
Articles from approved sources
Something that gives solidity to this project is that 2 financial news and cryptocurrency sites have talked about catecoin: Yahoo! and Business insider, besides being approved by BSC.
Yahoo! Finance
Busines insider
BSC
Well, I don't know what else to tell you so that you also believe in this project and decide to invest (of course, obviously it's at your discretion), maybe I could add that this token will change the way defi is made since we see how it is diversifying to include more than just farm pool, also will cure cancer soon hahaha.