Trending new meme coin Catslap sees its price leap 40% after a series of market-moving announcements, including the launch of Slap-to-Earn to reward token holders for their hilarious efforts.
The developers at Catslap have been super busy. The project is only a week old and already new functionality is being rolled out – presumably all part of the team's original plan.
Now there is even more incentive to slap, taking the project way beyond the thin offering from the likes of Popcat, by comparison. Community engagement is taking off as word about the new features spreads.
— CatSlap (@CatSlapToken) November 29, 2024
Slap-2-Earn is live!
Hold $SLAP in your wallet
Connect your wallet to the site
SLAP SLAP SLAP SLAP SLAP
Get ranked on the leaderboard
$SLAP rewards coming soon
Get slappin: https://t.co/WIxjg08wEb pic.twitter.com/dn6RyrzN9G
Not only is there new P2E functionality but the next burn will take place when the Catslap Slapometer reaches 25,000,000 – it is currently at 23 million.
Slap-to-Earn plus Burns and Buybacks will help send $SLAP to the moon
The burn program is a genius move by the team that backs the viral appeal of the feline slapper with real utility. Go to the Catslap Burn Dashboard to see all the transactions.
From the outset tokens are burned when stakers unlock their tokens early, so there are two burning streams bolstering the value of the circulating supply.
Meanwhile, the team has been buying back tokens in the open market – a new Catslap Buyback Dashboard shows the transactions. Buyback is yet another price-supportive initiative from the Catslap team, and it is paying off.
$SLAP tokens are trading at $0.0034 in decisive steps higher over the past 24 hours after some consolidation.
Huge liquidity of $4.4m shows Catslap is ready for prime time – start slapping!
All of this comes on the back of a gigantic increase in liquidity in the SLAP/ETH trading pair on decentralized exchanges to $4.4 million; preparing the market for the entry of a wall of new money.
Fully diluted market capitalization has surpassed $30 million and the community social media footprint of followers is growing by around 10% a day. The number of followers on X is now 10,100 and 2,271 on Telegram.
There are now two ways to slap. Users can continue slapping like usual without earning leaderboard points – selecting the character they wish to slap the most.
Alternatively, users can select ‘Slap to Earn’, which will bring up the leaderboard, with a wallet connect option. Once the wallet is connected and holding $SLAP tokens, the user can then slap to earn points and rank in the leaderboard.
Consequently, users will notice that there is an additional leaderboard listing the rankings of users' wallet addresses alongside the original leaderboard showing the country rankings. All of this adds to the addictive competitive fun. Users see their own individual slap count clearly displayed.
Click on the country leaderboard and you will see the Slapometer total. The next burn will likely be happening in the next couple of hours as there are less than two million slaps to go before the next burn event takes place, when the 25 million milestone is reached:
Next, let's take a closer look at the Catslap Burn Dashboard. To date, 12,560,571 tokens, valued at $46,175, have been burned. There’s not long to wait for the milestone burn event, so expect another price pump.
$77,969 worth of $SLAP buybacks to help the price kill another zero
The Catslap Buyback Dashboard, launched yesterday, is accessible from a link at the top of the homepage.
The team’s $SLAP token buybacks total 21,206,509, equivalent to $77,969. As stated on the buyback dashboard page, this frenetic activity is aimed at contributing to slapping a zero off the token price.
Community members are impressed by the trouble-free rapid rollout of the new features, as can be seen in the price, but also the reaction of the highly engaged community on Telegram.
And there's staking too – earn 40% a year rewards
Staking has been up and running since the launch of the project and token holders can earn 40% a year in $SLAP rewards. To quote directly from the team:
Staking means locking up your Catslap tokens to earn rewards. When you stake, your tokens gradually unlock over 7 days—this is called vesting. If you decide to unstake early, any tokens that haven’t unlocked yet will be burned (permanently lost).
For example:
After 3.5 days (half of 7 days), 50% of your tokens will have unlocked.
If you unstake then, you’ll get back the unlocked 50%, but the remaining 50% will be burned.
If you wait the full 7 days, all your tokens will unlock, and you can unstake without any loss.
You can stake or unstake your tokens here: https://catslaptoken.com/en/staking
Lastly, the centralized exchange (CEX) listing will be announced in four days' time, which is also driving FOMO around the project.
In addition to trending on DexTools and Dexscreener, Catslap has been appearing regularly on Crypto.com's ‘most popular' viewed tokens rankings.
It is not known whether Crypto.com will list $SLAP, but CEXs are hungry to be the first to grab the trading volumes of up-and-coming meme coins like Catslap.
Buy $SLAP using Best Wallet or directly from the Catslap website
Web3 crypto wallet Best Wallet is fast making a name for itself in crypto and its ‘Upcoming Tokens' feature may be the star that makes it shine so brightly. Among the tokens on sale is $SLAP.
You can easily buy and stake $SLAP. By taking the long-term approach and staking for 12 months, you will earn a 40% return on your deposit.
More than 100,000 users have installed Best Wallet, bringing a highly engaged audience to Catslap. If you don't have the app already, you can download it here: Google Play or Apple App Store.
You can also buy Catslap by visiting the Catslap homepage, where there is an exchange widget. Payment methods are ETH, USDT, or card.
Buyers will be pleased to know that the $SLAP token has been audited by SolidProof and no issues have been found.
The Catslap price is headed much higher from here, and you are still very early to the party. Crypto is exploding and Catslap looks like it has the virality, utility plus team execution chops to be the next meme coin to moon.
Visit Catslap Token website or Best Wallet to buy $SLAP
The post Trending New Meme Coin Catslap (SLAP) Price Surges 40% on Slap-to-Earn, Buybacks, Burns and Upcoming CEX Reveal appeared first on Cryptonews.
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