The crypto market has seen numerous meme cash, however the cat-themed challenge Catslap stands out from the gang.
The Catslap (SLAP) group has deliberate a $1 million token burn for right now, December 20.
This deliberate burn comes after the challenge’s in style “Slap-to-Earn” recreation reached an unlimited milestone: over one billion accomplished slaps.
Catslap’s $1M Token Burn Goals to Increase Shortage & Gas Slap-to-Earn Sport
Token burns are a typical transfer in crypto.
They contain eradicating tokens from circulation to doubtlessly improve their worth – nearly like an organization shopping for again its personal inventory.
Catslap’s group is taking this technique significantly, having already burned over 140 million SLAP tokens price almost $480,000.
However right now’s $1 million token burn is ready to be their greatest but, dwarfing all earlier efforts.
At SLAP’s present worth, roughly one other 315 million tokens are being destroyed.
And it might convey the overall burned to over 450 million SLAP tokens.
Past burning, Catslap’s group can also be working automated buybacks each 20 minutes, buying $445,000 price of tokens thus far.
On the identical time, their Slap-to-Earn recreation has exploded in reputation, with customers collectively racking up 1.2 billion slaps.
Japanese customers are main the way in which, with French and German customers locked in a battle for second place.
It appears the race to the highest of the worldwide slap leaderboard is getting intense.
Catslap Defies Market Downturn & Eyes Main CEX Listings
The broader crypto market has been taking a beating this week, with Bitcoin dipping under $94,000 and pulling most altcoins down with it.
Meme cash have been hit notably arduous.
Dogecoin, for instance, has plummeted 20% in simply the final 24 hours alone.
Whereas Catslap hasn’t solely escaped the market’s bearishness, with SLAP tokens presently buying and selling round $0.00313, the token’s underlying numbers paint a extra optimistic image.
SLAP continues to be up 2,400% from its launch worth.
The token additionally now has over 20,000 holders globally, $4 million in locked liquidity, and $2.7 million in spot buying and selling quantity over the previous day.
Most of this buying and selling exercise is focused on MEXC, a tier-1 CEX the place SLAP just lately listed.
In the meantime, Catslap’s Telegram channel is buzzing with discuss potential listings on different main exchanges.
Some neighborhood members even consider Binance or Coinbase may choose SLAP up.
There was no motion on that entrance but, however right now’s huge token burn exhibits how decided the group is to climb the crypto ladder.
Catslap Neighborhood Thrives as High Crypto Influencers Be part of the Hype
Slap-to-Earn is the core of Catslap’s ecosystem – and the stakes are rising as Season 1 nears its January 10 finale.
It’s not nearly digital slapping anymore since there’s a large $100,000 prize pool for the highest 10 gamers.
Even those that don’t attain the highest of the leaderboard will nonetheless earn SLAP tokens based mostly on their rankings.
Unsurprisingly, the excitement round this setup is rising.
Even YouTubers like ClayBro, who has over 134,000 subscribers, are speaking bullishly about Catslap and its potential.
Including to the joy, Catslap’s partnership with Zealy has created a quest system the place neighborhood engagement interprets into in-game energy.
Each XP level earned by way of Zealy duties, like social media interactions, converts to 1,000 slaps on the “Slapometer.”
With over 11,000 quests accomplished already, it’s clear the neighborhood loves this strategy to incomes.
The mix of hilarious gameplay, quests, and SLAP rewards is creating an ecosystem that retains folks coming again for extra.
That’s why Catslap is a token many are watching within the lead as much as 2025.
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