What is CATS on Telegram?
CATS is a cat-themed memecoin launched on Telegram through point accumulation and airdrop mechanisms. It is considered a “copy” of DOGS, a highly popular memecoin on the Telegram platform. However, CATS has significantly improved upon DOGS, especially with its cat avatar creation feature. These avatars are not just static images; they are animated characters that can interact in real life and are integrated with AI.
On October 8, 2024, CATS was officially listed on major exchanges like Bybit, Bitget, and Kucoin.
Related: What Are Memecoins? Top 5 Most Promising Memecoins of 2024
Key Highlights of CATS on Telegram
By leveraging the popularity of DOGS, CATS quickly attracted a massive user base. Despite being launched only in July 2024, by October 2024, CATS had achieved impressive milestones, including:
- 2 million followers on X (formerly Twitter)
- 20 million subscribers on Telegram
- 900,000 subscribers on YouTube
One of the most exciting features of CATS is its ability to allow users to create unique cat avatars. These avatars are not just simple digital images; they can be customized and upgraded over time based on users’ activities within the app. Users can earn points by uploading photos or interacting with the CATS community, which can then be used to enhance their avatars. This feature not only makes CATS more fun to use but also fosters a sense of community among its members.
Beyond the digital realm, CATS aims to make a real-world impact by setting up live-streamed feeding stations for cats. These stations allow the community members to contribute to feeding real-life cats, bridging the gap between the digital and physical worlds. By participating in this initiative, CATS users can help animals while becoming more deeply involved in the project. This feature demonstrates that CATS is not just a digital asset but also a project with positive real-world effects.
Overview of CATS Token
Basic Information
- Token Name: CATS
- Token Symbol: CATS
- Blockchain: Ton
- Smart Contract: EQA3AshPEVly8wQ6mZincrKC_CkJSKXqqjyg0VMsVjF_CATS
- Listing Date: October 8, 2024
- Price: $0.00014 (as of October 9, 2024)
- Market Cap: $60 million USD
- Fully Diluted Market Cap: $85 million USD
- Total Supply: 600,000,000,000 CATS
- Circulating Supply: 438,000,000,000 CATS
CATS Token Allocation
- 30%: Airdrop Season 1
- 25%: Airdrop Season 2
- 12%: Exchanges
- 10%: Early Growth Supporters
- 10%: Ecosystem Funds
- 6%: Team
- 4%: Strategic Investments
- 2%: Media Partners
- 1%: Advisory
CATS Token Release Schedule
75% of the supply was unlocked at the Token Generation Event (TGE). The remaining 25% will be unlocked at the end of Airdrop Season 2.
Utility of CATS Token
Currently, CATS Token has limited utility beyond trading and participating in community events.
Where to Buy CATS Token?
Investors can buy and sell CATS on major exchanges such as Bybit, Bitget, and Kucoin.
Potential Evaluation
Here are a few personal opinions about CATS:
- As a memecoin on the Ton ecosystem and following in the footsteps of DOGS, CATS has attracted many users but also faced significant criticism.
- The development team is not particularly strong, though similar projects like DOGS or NOT have seen success.
- The tokenomics of CATS are decent for a memecoin, especially since all tokens will be unlocked after Airdrop Season 2.
In summary, CATS, as a memecoin, lacks strong project growth potential. Its token price depends on various factors, such as market trends, cash flow, and the bullish sentiment of its holders.
