You failed to mention how much token reserved for team and "development purpose where team can use them as they see fit", and I think this sentence answers that,
"40% of the coins have been placed with PancakeSwap. Over time, 20% of the coins will be burnt to the ground, 15% will be airdropped to turn DOGE people into CATZ people (meow) and 5% will be used to sponsor needy cats. The remainder will be used for promotion and given to people helping to facilitate."
20%? For something that claimed to be "by the cat for the cat" whose goal is to help stray cats, how could those cat only get 5% allocation while "people helping to facilitate" got 20%?
Hi holydarkness, thank you for your interest in our CatzCharity programme. In addition to donating to homeless cat charities, there will be pop-up charity events where we are going to raise charitable donations for cats. We will also encourage our community to make donations. This is going to be an ongoing mission for us.
Well at least you didn't deny that you indeed just allocated 5% for cats. So, if we could rearrange the project's brief description to better fitted the real application, the title will be "a growing cryptocurrency which allocate fraction of its total supply for cat donation"? Will the 20% allocation for team even locked for certain duration?
Which milestone from your roadmap is achieved?
Hi holydarkness, thanks again for the reply. We believe it is important to allocate resources and put in place the right team to support the technical and price development of $CATZ. There is a positive correlation between the price of $CATZ and the donations (in dollar value) that charities are going to receive.
We are now listed on CoinMarketCap (CMC), CoinGecko and other price tracking websites. $CATZ can be traded on PancakeSwap and on BankCEX, a centralized exchange. We have launched our airdrop and our CatzRewards programme. Also, we have grown our members/followers to over 20,000 in Telegram and just under 20,000 in Twitter.
In other words, "No, the token allocation for team is not locked and we can use them anytime we want, including selling all of them at once, if we sees fit."? And of course there is a correlation between the price of your token and the value of donation sent to organizations, one token priced at 1 USD worth more than 1 token at 1 cent, it's not a rocket science, what's your point?