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Catslap ($SLAP) has burned $1 million $SLAP tokens at present, slashing provide in a transfer that turbocharges upward value momentum for the viral Slap-to-Earn meme coin.
Together with earlier burns, an eye-watering whole 1,196,558,367.83 $SLAP tokens have been taken out of circulation (aka burned) up to now, valued at nicely over $1.5 million.
Token burns are achieved within the pursuits of all token holders, as a result of by lowering provide for a high-demand token, you enhance shortage, one of many largest determiners of worth in commodities normally.
It is achieved. 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 sport the place gamers earn crypto rewards by getting the viral slapping cat on the homepage to slap considered one of six cultural icons, together with the topical US President Donald Trump and his Dogecoin-loving champion, Tesla CEO Elon Musk.
Catslap’s Slapdrop: Every part You Want To Know
In the present day’s gigantic burn follows the current Slapdrop contests, which noticed high 10 slappers on the Slap-to-Earn leaderboard winners break up a $100,000 prize pool.
The Catslap undertaking affords a number of avenues to gather rewards. Catslap gamers who accomplished Zealy social challenges, and submitted their Finest Pockets rewards pockets started gathering $SLAP rewards on 16 January.
$SLAP rewards are topic to a 90-day linear vesting schedule to stop 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 nicely 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 will probably be completely faraway from circulation. Nevertheless, it is very important word that the principal staked quantities won’t be affected by the burn.
Any unclaimed staking rewards, together with any remaining team-controlled tokens that aren’t tied to vesting contracts, will probably be burned on February 14. You possibly can 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 impression SLAP drop rewards, which can proceed to vest over a 90-day interval.
Catslap Set To Lead The Meme Coin Sector, Flip MEOW, MOG, POPCAT
Moreover, the Catslap staff has been executing a buyback initiative, buying $533,281 value of tokens (equal to over 348 million $SLAP) on the open market to additional assist the asset’s value.
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 value catalysts nonetheless to come back. Firstly, the entire business will profit from a complete US crypto coverage, which the pro-crypto Trump administration is anticipated to ship inside the subsequent six months.
The Catslap presale launched in November 2024 at an preliminary value of $0.00011, which at present has blown as much as $0.0014 as of this writing based on CoinGecko, which provides early buyers exceptional 1173% returns.
Moreover, the financial results of Bitcoin’s provide halving final 12 months is prone to work in tandem with the US’s pro-crypto outlook to set off the beginning of a bull run that may pull up each respected altcoin. Catslap is prone 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 vital points, giving buyers peace of thoughts that the undertaking is credible and safe.
Purchase $SLAP through Web3’s most revolutionary new pockets Finest 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 couple of “lifeless cat bounce” – this cat coin is alive to the altcoin alternatives forward.
Go to Catslap Token web site
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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