$CATS Airdrops Announced, Community Excited

 
Niharika Deshpande
Written By 
Niharika Deshpande
September 26, 2024
CATS Project Announces Airdrop

The CATS project,  is a meme coin built on The Open Network (TON) blockchain, designed to captivate the growing Telegram base, has made some important announcement regarding the distribution of native token, $CATs, and airdrop rewards which has sparked a sense of excitement within the community. 

Tokenomics

With a total supply of 600 billion $CATS, the meme coin projects is set to reward its active community and incentivize growth. The token distribution is allocated as follows: 

  • 55% for Airdrops (divided between Season 1 and Season 2)
  • 12% for Exchanges
  • 10% for Early Growth ers
  • 10% for Ecosystem Funds
  • 6% for the Team
  • 4% for Strategic Investments
  • 2% for Media Partners 
  • 1% for Advisory 

Airdrop Season 1 & 2

Further they also announced that for the first season of the airdrop, 30% of the total supply will be distributed which will amount to 180 billion $CATS tokens. The airdrop is designed in such a way that to receive the airdrop, the has to fulfill the following criteria:

  • Own an OG
  • Conduct daily transactions
  • Complete in-app activities such as tasks, friend invitations, and AI farming.

The further distribution for the Season 1 airdrop is as follows:

  • 70% will go to the s that meet the above set criteria. Larger the transactions, larger the airdrop will be. There will also be a bonus multiplier for s with a higher CATS Points Balance. 
  • 30% will be distributed to the active s who have contributed significantly to the community. The final snapshot for Season 1 will take place on Sep 30, 2024 at 21:00 UTC, after which rewards will be calculated and distributed.

For Season 2, the launch is expected immediately after the snapshot. It will focus on AI photo farming and will allow s to craft their own unique CAT PFPs (Profit Pictures). This phase promises further engagement and rewards for s that actively participate. 

In order to reward genuine community , CATS emphasizes that the larger rewards will be reserved for those who will invest time and effort into growing the project, rather than those looking for quick gains. 

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Niharika Deshpande
Written by Niharika Deshpande

Niharika has over two years of experience as a crypto-journalist and is part of the team at CryptoNewsZ. Although she holds a Master’s in Biochemistry, she has a knack for simplifying complex blockchain concepts. With a keen eye for industry trends, she delivers breaking stories and insightful analyses of the crypto world. Her articles serve as a go-to resource for those navigating crypto gambling, offering clear and well-researched insights. She also covers the latest crypto pre-sales and emerging token launches, helping investors stay informed. ionate about the evolving blockchain space, she continues to explore its impact on various sectors. Beyond journalism, she actively engages with the crypto community, fostering discussions on decentralized innovations.