$CATS Announces Airdrops, Excitement Builds in the Community!
The CATS project, a meme coin built on The Open Network (TON) blockchain and designed to captivate the Telegram user base, has made an important announcement regarding the distribution of its native token, $CATs, and upcoming airdrop rewards. This news has sparked a wave of excitement within the community.
Tokenomics
With a total supply of 600 billion $CATS, the meme coin project aims to reward its active community members and incentivize growth. The token distribution is allocated as follows:
– 55% for Airdrops (divided between Season 1 and Season 2)
– 12% for Exchanges
– 10% for Early Growth Supporters
– 10% for Ecosystem Funds
– 6% for the Team
– 4% for Strategic Investments
– 2% for Media Partners
– 1% for Advisory
Airdrop Season 1 & 2
Furthermore, the project has announced that 30% of the total supply will be distributed during the first season of the airdrop, amounting to 180 billion $CATS tokens. To be eligible for the airdrop, users must fulfill the following criteria:
– Own an OG pass
– Conduct daily transactions
– Complete in-app activities such as tasks, friend invitations, and AI farming.
The distribution for the Season 1 airdrop will be as follows:
– 70% will go to users who meet the set criteria. The larger the transactions, the larger the airdrop will be. Users with a higher CATS Points Balance will also receive a bonus multiplier.
– 30% will be distributed to active users who have significantly contributed to the community. The final snapshot for Season 1 will take place on Sep 30, 2024, at 21:00 UTC, after which rewards will be calculated and distributed.
Season 2 is expected to launch immediately after the snapshot and will focus on AI photo farming. This phase will allow users to craft their own unique CAT PFPs (Profit Pictures) and provide further engagement and rewards for active participants.
CATS emphasizes that larger rewards will be reserved for genuine community members who invest time and effort into growing the project, rather than those seeking quick gains.