What is Catnip?
The $CATNIP token is a Store of Value Token for the CatWifHat Ecosystem token! Its main usecase is going to be used for swapping between the Different Tokens of the CatWifHat Ecosystem and LUNC. For the Starting of the Token, A LUNC pool was Created on Terraswap and can be traded on the coinhall website. But to incentivice Those wanting to hold the token, with its main purpose to be a store of Value there are only 1 Million Tokens in Circulation which creates scarcity. Once the Price has Become stable enough and I have gathered enough Liquidity for the LUNC pool, a CatWifHat Pool will be created on the Terraport DEX to allow swaps between the 2 Tokens.
The sweet Thing about the Catnip token is that with its scarcity, The Token should/will continue to become more Valueable with the end goal being a Rival for a LUNC version of Bitcoin for Luna Classic Holders to be able to store there LUNC in the Pool when LUNC prices sways Downwards and upwards as If LUNCS Price Rises, the Token Price Rises with it!
What are the Tokenomics of Catnip?
As Stated Above, there is a Maximum Supply of 1 Million Tokens. TX Fee's Generated from the Current 2% Token Tax which helps me Provide more Liquidity and Add more Pairs in the Future! Nothing from the fee's will be sold unless voted on via a governance Vote to pay for something in the future which i highly doubt to do or want to do! The 2% tax is Split to 1% to the admin wallet to put towards Trading pairs and Liquidity, 0.2% towards the NFT Stakers on DaoDao, and 0.2% towards the CatWifHat token Stakers on DaoDao, and 0.6% towards the Tokens Staking Pool on Garuda Universes Staking dApp.
We are Also utilising Garuda's Staking dApp to enable Staking of this Asset. The APR for this Will only be 3.5% as it is Supposed to be a Valueable Asset. As more Tokens are Taken out of Circulation and more people are staking, this will be the case. (NFA and always DYOR)
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You can Also Provide Liquidity to the Pool through Terraswap and also earn fee's to support the project longterm!
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What Happens if I Provide Liquidity to the Catnip Pool?
As Said Above, You can Also Provide Liquidity to the Pool through Terraswap and also Gain in in the Longterm. but How will this Benefit You? Well, let me explain.
As the Price Rises through LUNC buys, Your LP Position will gain LUNC and Deplete your Catnip Amount and Vice Versa; If the Price of Catnip Goes down due to Selling, you gain more Catnip Tokens from the Liquidity Pool.