   
Cat slap (SLAP)the latest Ethereum-based meme coin, has officially launched on decentralized exchange Uniswap. In the first 24 hours, the coin saw over 1,400 transactions and an astonishing price rise of over 1,500%.
Catslap Unveils Fair Launch and Strategic Token Allocation
Catslap debuted on November 21 at 2 p.m. UTC, using a fair launch model that ensured all traders had an equal chance to acquire SLAP tokens at the initial price. The token features of this coin present a total supply limited to 9 billion SLAP tokens. According to the Catslap whitepaper, 50% of the total supply was allocated to providing liquidity on Uniswap, with liquidity locked for 60 days. The remaining SLAP tokens go towards staking rewards, community incentives, the development fund, and the team behind the project.
The team allowance for Catslap is expected to vest over ten years.
Regarding staking rewards, Catslap has an integrated staking app that allows token holders to lock their SLAP coins, opening the door to potential winnings. Staking tokens requires a 90-day commitment upfront. Following the launch of Catslap, the project’s social networks saw a surge in engagement. The project’s Twitter account now has 1,500 followers, and the official Telegram channel is seeing a significant influx of new members.
 Catslap Trading Metrics and Game Mechanics
Since its inception, Catslap has seen its price rise as high as $0.0019, with the coin’s market capitalization now reaching an impressive $18.5 million. That means a staggering 1,500% increase over its original price. Nonetheless, Catslap surged more than 2,000% before experiencing a pullback in the past few hours.
The token has gathered more than 880 holders around the world. SLAP features a zero-tax tokenomic model and has undergone a SolidProof smart contract audit, forming a robust technical framework. Catslap takes the classic coin-op framework while integrating an engaging browser-based game that allows users to virtually “slap” Pepe the Frog.
A leaderboard dynamically monitors the count of slaps performed by participants from each nation in real time. The ranking reflects an impressive total of over 358,000 slaps since its inception. Catslap appeared in a video from the 99Bitcoins team, where they evaluated the SLAP token and looked at its launch on Uniswap.