CatzCoin cryptocurrency: A fur-endly investment or not?

Hello, crypto fans

Cryptocurrency is a rising trend in the global digital sphere with different coins and tokens appearing left and right. One of the most unique and newest tokens in the market is CatzCoin.
What does this crypto have to offer and how is it different from others? Here's an overview for you.

All about CatzCoin cryptocurrency

The CatzCoin team aims to build the largest cat community in the world through cryptocurrency. It was made by passionate crypto enthusiasts and cat lovers alike to make the crypto industry friendlier to people that love feline furry creatures.

It’s all about making the world a better place for cats to live in or, as the CatzCoin website puts it, a community of ‘cat fur-ends’. The whole CatzCoin team believes that all cats regardless of their gender, fur coat colour, breed or size deserves an opportunity to be loved and to have a home.

What is CatzCoin token and where can you use it?

Inspired by the Dogecoin community that used the digital coin to support members and crypto enthusiasts through donations and social media tips, CatzCoin aims to do the same but with a furry feline twist. The CatzCoin token is denoted as $CATZ. This community token can be acquired through supported exchanges and wallets. Here are some of the objectives of this cryptocurrency:

Building a global CatzCoin community
The team behind CatzCoin aims to create a global multilingual community. Members will be able to support and interact with each other through $CATZ transactions, payments and transfers. However, this will not be limited to the CatzCoin community since the asset can be purchased by anyone.

Decentralised finance (DeFi) utilities
DeFi utilities are peer-to-peer financial services on existing blockchains like Ethereum and Cardano. This technology allows users to trade, loan, and pay using cryptocurrencies and tokens that are supported by the blockchain.

CatzCoin tokens can be used for DeFi utilities such as CatzSwap, CatzFarming and CatzTrading. This means that $CATZ holders can stake their assets to earn transaction fees and liquidity pool tokens. Non-Fungible Tokens (NFT) can also be traded on the platform in exchange for other NFTs or $CATZ.

Charity votes and governance rights
$CATZ holders can engage in the CatzNation community. This means that all stakeholders can vote for the cat charity their donations will go to. Moreover, they’ll also have the right to vote on important issues such as product development, fee updates and structural changes on CatzCoin cryptocurrency.

The CatzCoin long-term goal

The initial mission of this cryptocurrency is to help and support homeless cats and persuade the CatzCoin community to do the same. You can be part of the advocacy by purchasing $CATZ coins on supported platforms because 5% of the total coin supply will be donated to cat charities.

Moreover, CatzCoin wants to dominate the market in ways that Dogecoin has in the last year. So far, Dogecoin is considered the beloved meme currency in the crypto sphere and its continuing popularity despite the volatile nature of the market solidifies its novelty status. The goal is to raise US$100 million by June 28, 2022, to completely overtake Dogecoin as the top community cryptocurrency. Currently, CatzCoin cryptocurrency has a trading volume of US$433,727.

The fur-endly CatzCoin team

CatzCoin is currently based in Sydney, Australia founded by William Wu who also acts as Chief Catz or Chief Executive Officer (CEO) of the company. He’s a certified cat lover and has a furry British Shorthair pal named Didi.

Before establishing CatzCoin cryptocurrency, he was a consultant at management consulting firm McKinsey and Company. He also holds degrees from prestigious universities including Wharton School of Business, London School of Economics and University of New South Wales.

Aside from Wu, cat lovers have joined the growing CatzCoin team to spearhead the marketing, strategy, analytics, social media and digital marketing strategy departments of the growing crypto asset.

How to purchase CatzCoin tokens

Similar to Bitcoin, there’s a fixed and limited supply of $CATZ in the market. This is to maintain demand in the market and help increase the value of each coin in the long run. Currently, there is one billion CatzCoin cryptocurrency available in the market and you can purchase them on the following platforms:

PancakeSwap
PancakeSwap is a food-themed DeFi protocol that is run on a Binance Smart Chain-based decentralised exchange. It was developed by anonymous developers inspired by breakfast food and Ethereum’s SushiSwap protocol.

This platform allows users to purchase BEP-20 tokens that are used for trading against a liquidity pool. You can purchase $CATZ tokens on PancakeSwap when you install a MetaMask wallet extension on your Chrome browser. Once you’ve set up your account, you can purchase the tokens using Binance Coins (BNB) or Bitcoin (BTC).

Trust Wallet
Trust Wallet is an online wallet where you can store cryptocurrencies, stablecoins and crypto tokens including BEP-20, ERC20 and ERC721 tokens. It also supports a decentralised app (dApp) Ethereum browser as well as Binance Smart Chains. You can access PancakeSwap through the dApp extension, purchase $CATZ tokens using BNB or BTC coins and store it in your Trust Wallet.

CatzCoin is still in its infancy but that doesn’t stop the team behind this crypto craze to be ambitious with the token. There’s no way of knowing what the future holds for CatzCoin cryptocurrency but there’s no denying that it has the same potential as Dogecoin in terms of community appeal and organic use for DeFi and crypto transactions.

Thanks for reading. What do you think about the future of CatzCoin?

Regards,
Karl from Bitcasino

Source: Bitcasino blog