Cat slap (SLAP)a new meme coin based on Ethereum, has been launched on Uniswap DEX. The coin debuted with over 1,400 transactions in the first 24 hours, and its price increased by over 1,500%.
Catslap Debuts with Fair Launch and Strategic Token Distribution
Catslap launched on November 21 at 2 p.m. UTC via a fair launch model, where all traders had the same chance to purchase SLAP tokens at the initial price. The tokenomic structure of the coin includes a total supply capped at 9 billion SLAP. As shown in The Catslap white paperHalf of the supply was used to provide liquidity on Uniswap, and the liquidity was locked for 60 days. The remaining SLAP tokens will be used for staking rewards, community rewards, development fund and development team.
Catslap’s team allowance will vest for ten years.
Regarding staking rewards, Catslap offers an integrated staking app that allows token holders to lock their SLAP coins to potentially win. Tokens must initially remain staked for 90 days. Catslap’s social media channels saw engagement after the coin launched. The project Twitter page grew to 1,500 subscribers, while the official website Telegram channel saw a lot of new members.
Catslap trading data and game features
Since its launch, Catslap the price rose to $0.0019 and the market cap of the coin increased to $18.5 million. This represents a 1,500% increase from its original price. However, Catslap rose over 2,000% before retreating over the past few hours.
The token has also attracted over 880 holders globally. Its zero-tax tokennomics and SolidProof smart contract audit are part of the SLAP technical framework. Catslap follows the traditional coin-op model, but includes a browser game where users can virtually “slap” Pepe the Frog.
A leaderboard tracks the number of slaps performed by members of each country in real time. The leaderboard shows over 358,000 slaps since launch. Catslap was also featured in a video from the The 99Bitcoins teamwho reviewed the SLAP token and discussed its Uniswap launch.
About Catslap
cat snap is a meme coin on Ethereum that features a browser game where users can “slap” with an animated cat. It was listed on the Uniswap DEX on November 21 via a fair launch approach. Users can visit the Catslap website here.
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