Key Takeaways
- The newly launched cat-themed meme coin $SLAP is gaining popularity in the market. The CatSlap ICO raised over $20 million and it is currently listed on the MEXC and Uniswap exchanges at $0.003044 per token.
- The project has announced a new airdrop campaign, running until January 10, where existing SLAP holders can stake their tokens to increase their balance, and eligible participants could claim from a large pool allocated as community rewards.
- CatSlap has introduced a token-burning model, where delegators that unlock their SLAP before the mandatory seven-day period, will have to burn a portion of their balance. So far, the project has raised over $450,000 through token burning.
CatSlap is yet another cat-themed cryptocurrency joining the likes of POPCAT, MOG, and MEW in the ever-growing meme coin market. While its counterparts have seen their values explode in the last few months, coinciding with the bull market, CatSlap looks set to match or even exceed the market’s expectations.
The token just completed its Initial Coin Offering (ICO) and it is currently available to trade on the MEXC exchange at $0.003044 per token, at press time. The CatSlap team has announced Season 1 of the Slap-to-Earn and Zealy Quests airdrop campaign, which will run until January 10, 2025.
This article is a comprehensive guide on how to claim $SLAP via the airdrop. So let’s get started.
What Is CatSlap ($SLAP)?
CATSLAP draws from a prominent feline behavior: the cat slap. The token’s developers say it is poised to be the most aggressive meme coin, prepared to attack even the highest market cap meme coins. The team claims the SLAP token has come “to dethrone the frogs and dogs on the block”.
Following its listing on decentralized exchanges (DEXs), the price of SLAP surged over 1,900% within 24 hours, indicating widespread adoption of the meme coin, which is a positive sign for subsequent listings on major crypto exchanges like Binance.
What makes the project unique is that it did not conduct a presale, meaning every investor got SLAP at the same entry price during the launch. It features a hilarious game called Catslap, where CatSlap’s official mascot – an orange cat – slaps Pepe the Frog. This game is free to play and is available on the official CatSlap website.
While it’s not confirmed, rumors say that the team behind the widely trending meme coins like FLOKI and NEIRO might also have created CatSlap. The project which began life with a market cap of $1 million has now gone beyond $20 million.
CatSlap ($SLAP) Tokenomics & Distribution
Let’s take a look at SLAP’s tokenomics:
Here is how the 9 billion $SLAP tokens are distributed:
- 50% of the supply is allocated to liquidity providers (4.5 billion SLAP)
- 20% to Slap-To-Earn participants as staking rewards (1.8 billion SLAP)
- 10% as community rewards (900 million SLAP)
- 10% to the project development fund (900 million SLAP)
- 10% to the team, which is vested for 10 years (900 million SLAP)
What Is Slap-To-Earn?
Slap-to-Earn is a staking program introduced by the SlapCat team for SLAP holders to delegate their tokens and earn a passive income while helping run the protocol. The meme coin’s staking pools are now open and you can earn more SLAP coins and other rewards by locking your holdings in the pool.
To participate in the Slap-To-Earn program, you must buy and hold SLAP tokens. The asset can be purchased directly from the SlapCat website or exchanges such as Uniswap and MEXC. Keep in mind that staked SLAPs are locked for seven days and if you need to unlock them early, then you will need to burn some tokens from supply. This mechanism gives CatSlap an edge over its competitors, which do not support individual burning of tokens during staking.
At the time of writing, 140.03 million SLAP tokens have been burned, earning the project $464,950.
How To Claim $SLAP Via Airdrop?
SLAP tokens can be purchased directly from its official website, or through the MEXC and Uniswap exchanges. The team has also partnered with the self-custody wallet app Best Wallet, where the CatSlap token presale was marketed.
Follow these steps to buy $SLAP on the Best Wallet app:
Conclusion
CatSlap is aiming to be the next big feline-themed meme coin in the market. Its native $SLAP token has garnered significant traction within the crypto community and is now available to trade on the MEXC exchange.
Upon the completion of its ICO, the CatSlap team has announced a staking program, where SLAP holders can delegate their tokens to earn a passive income. The project has also introduced a token-burning mechanism, eliminating a certain amount of SLAP from the overall supply when the delegator unlocks their stake before seven days.
SLAP can be purchased directly from its website by connecting MetaMask, Coinbase, or Best Wallet apps, or through the MEXC and Uniswap exchanges. The token is expected to be listed on other major exchanges following the end of the Season 1 airdrop campaign.
Keep in mind that SLAP is a meme coin with no apparent use case. The Ethereum-based crypto is a speculative asset, whose value is determined by social media activity and trading volume. Therefore, it is highly recommended that you do proper due diligence before making any investment decision regarding CatSlap.
At the time of writing, SLAP is trading at $0.003068 – down 23.66% in the last 24 hours.
Also Read: What You Need To Know About Oxya Origin’s $OXYZ Token Listing?
