2024-11-23 00:57 |
Catslap (SLAP), the latest Ethereum-based meme coin, has officially launched on the Uniswap decentralized exchange. Within the first 24 hours, the coin saw over 1,400 transactions and an astonishing price surge of more than 1,500%.
Catslap Unveils Fair Launch and Strategic Token Allocation
Catslap debuted on November 21 at 2 pm UTC, employing a fair launch model that ensured all traders had an equal chance to acquire SLAP tokens at the initial price. The tokenomics of this coin feature a total supply limited to 9 billion SLAP tokens. According to Catslap’s whitepaper, 50% of the total supply has been allocated for liquidity provision on Uniswap, with the liquidity being locked for 60 days. The leftover SLAP tokens are earmarked for staking rewards, community incentives, the development fund, and the team behind the project.
The team allocation for Catslap is set to be vested over ten years.
Regarding staking rewards, Catslap boasts an integrated staking app that empowers token holders to lock their SLAP coins, opening the door to potential earnings. Staking tokens requires a 90-day commitment from the outset. Following the launch of Catslap, the project’s social channels have experienced a surge in engagement. The project’s Twitter account has surged to 1,500 followers, and the official Telegram channel is witnessing a significant influx of new members.
Catslap Trading Metrics & Game Mechanics
Since its inception, Catslap has seen its price surge to $0.0019, with the coin’s market cap now reaching an impressive $18.5 million. That signifies a staggering 1,500% surge from its original price. Nevertheless, Catslap surged by more than 2,000% before experiencing a pullback in the last few hours.
The token has garnered over 880 holders across the globe. SLAP boasts a zero-tax tokenomics model and has undergone a SolidProof smart contract audit, forming a robust technical framework. Catslap embraces the classic meme coin framework while integrating an engaging browser-based game that allows users to virtually “slap” Pepe the Frog.
A leaderboard dynamically monitors the tally of slaps executed by participants from each nation in real-time. The leaderboard reflects an impressive tally of over 358,000 slaps since its inception. Catslap appeared in a video by the 99Bitcoins team, where they evaluated the SLAP token and delved into its launch on Uniswap.
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