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Catslap ($SLAP) has burned $1 million $SLAP tokens at the moment, slashing provide in a transfer that turbocharges upward worth momentum for the viral Slap-to-Earn meme coin.
Together with earlier burns, an eye-watering complete 1,196,558,367.83 $SLAP tokens have been taken out of circulation (aka burned) up to now, valued at effectively over $1.5 million.
Token burns are completed within the pursuits of all token holders, as a result of by decreasing provide for a high-demand token, you improve shortage, one of many largest determiners of worth in commodities normally.
It is completed. We simply burnt $1,000,000 of $SLAPhttps://t.co/grFgQzV4ej pic.twitter.com/iMG1HkF0Ri
— Catslap (@CatSlapToken) January 31, 2025
Catslap is the token powering the eponymous viral internet recreation the place gamers earn crypto rewards by getting the viral slapping cat on the homepage to slap one among six cultural icons, together with the topical US President Donald Trump and his Dogecoin-loving champion, Tesla CEO Elon Musk.
Catslap’s Slapdrop: The whole lot You Want To Know
At this time’s gigantic burn follows the latest Slapdrop contests, which noticed prime 10 slappers on the Slap-to-Earn leaderboard winners cut up a $100,000 prize pool.
The Catslap mission provides a number of avenues to gather rewards. Catslap gamers who accomplished Zealy social challenges, and submitted their Greatest Pockets rewards pockets started amassing $SLAP rewards on 16 January.
$SLAP rewards are topic to a 90-day linear vesting schedule to forestall extreme promoting stress, as we’ve seen earlier than in a number of different high-profile meme coin releases, just like the play-to-earn Hamster Kombat.
Now that $1 million value of $SLAP has been faraway from circulation, the Slapdrop has now formally concluded.
At present, buyers have staked effectively over half a billion $SLAP tokens. Holders have a 14-day window to withdraw their staked tokens and any accrued rewards. After this era, any unclaimed rewards shall be completely faraway from circulation. Nevertheless, it is very important word that the principal staked quantities is not going to be affected by the burn.
Any unclaimed staking rewards, together with any remaining team-controlled tokens that aren’t tied to vesting contracts, shall be burned on February 14. You’ll be able to view a countdown to the ultimate megaburn on the Catslap web site. The vesting wallets related to these tokens are transparently listed on the official web site (catslaptoken.com/en/slap-drop).
As with the final token burn occasions, the upcoming burn doesn’t affect SLAP drop rewards, which is able to proceed to vest over a 90-day interval.
Catslap Set To Lead The Meme Coin Sector, Flip MEOW, MOG, POPCAT
Moreover, the Catslap workforce has been executing a buyback initiative, buying $533,281 value of tokens (equal to over 348 million $SLAP) on the open market to additional help the asset’s worth.
On 4 December 2024, $SLAP reached an all-time excessive of $0.009478, marking an 8,516% return for early presale buyers.
And there are some thrilling worth catalysts nonetheless to return. Firstly, the entire trade will profit from a complete US crypto coverage, which the pro-crypto Trump administration is predicted to ship throughout the subsequent six months.
The Catslap presale launched in November 2024 at an preliminary worth of $0.00011, which at the moment has blown as much as $0.0014 as of this writing in response to CoinGecko, which provides early buyers exceptional 1173% returns.
Moreover, the financial results of Bitcoin’s provide halving final yr is more likely to work in tandem with the US’s pro-crypto outlook to set off the beginning of a bull run that can pull up each respected altcoin. Catslap is more likely to lead the meme coin sector and flip feline stalwarts like MEOW, MOG, Popcat, and Simon’s Cat.
Crypto auditing agency SolidProof checked the Catslap good contract and located no essential points, giving buyers peace of thoughts that the mission is credible and safe.
Purchase $SLAP through Web3’s most progressive new pockets Greatest Pockets, which you’ll be able to obtain from Google Play or the Apple App Retailer.
Be a part of the Catslap group on X and Telegram and stand prepared for the bounce. Neglect a few “useless cat bounce” – this cat coin is alive to the altcoin alternatives forward.
Catslap (SLAP) – New Cat Meme Coin On Ethereum
- Listed on MEXC
- Featured on Cointelegraph
- Trending on CoinGecko, DEXTools
- 10,000+ Holders
- Slap To Earn Utility
- Token Burns
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