Cat Memecoin Rewards Holders with $2.8M in Zcash
The newly launched ZCAT memecoin has delivered $2.8 million in ZEC rewards to holders using a transaction fee model as Zcash trades above $1,200.
A newly launched cat-themed memecoin called ZCAT has distributed $2.8 million worth of Zcash to its community. The payout mechanism establishes an unexpected connection between the token and ZEC, which has recently surpassed the $1,200 price mark.
The system functions by levying a 3% tax on every token transaction. Proceeds generated from this activity are then converted into ZEC and redistributed directly to wallet addresses holding the asset.
For investors receiving rewards across multiple ecosystems, keeping assets in a dedicated self-custody hardware wallet guarantees that you retain full control over your private keys without relying on third parties.
Source: CoinDesk
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