What is CatWifHat?
The $CATWIFHAT token is a memecoin token that is used for holding a stake in the DAO to discuss and vote on proposals to do with the project! When you stake CatWifHat on the DAO you will be eligible for Airdrops, coins that are distributed from others, and CatWifHat Staking rewards! The Way the Staking rewards work are on a TX % System. So it depends on transaction Volume to get Staking rewards! The more transactions the more Rewards You will Earn! The Token was Launched on the 7th of April 2024 and has a maximum supply of 100 Billion tokens However, Since inception, I have Burned a Total of 12.5 Billion Tokens through the token hitting milestones. The supply will continue to become deflationary until 69 Billion. Then burns will stop for a little while and then the next phase of the project is to burn down to 42 Billion. and then all the way down to 10 Billion!
What are the Tokenomics of CatWifHat?
As Stated Above, there is a Maximum Supply of 100 Billion Tokens & we currently Burn 1.1% of the TX Fee's Generated from the Current 2% Token Tax. The Tax is Splitr Into the Following:
1.1% to Burn Weekly Every Monday
0.3% to the NFT Stakers on DaoDao
0.3% to the CWH Token Stakers on DaoDao
0.15% to the NFT Dao's Treasury
0.15% to the Token Daos Treasury.
This Split Ensures that the burning of CWH stays High with the Ability to reward those who Help the Project!
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What Happens if I Provide Liquidity to the CatWifHat Pool?
As Said Above, You can Also Provide Liquidity to the Pool through Terraport 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 CatWifHat Amount and Vice Versa; If the Price of CatWifHat Goes down due to Selling, you gain more CatWifHat Tokens from the Liquidity Pool.
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The Terraport website is Currently Undergoing Maintenance for the V3 Update which will include our Token as part of there whitelisted tokens! When this opens you will then be able to support the project and gain LP tokens from the TX fee's for providing Liquidity!
