The brand new cryptocurrency — which has formally launched as a “fan token” for her supporters and cat followers — takes a bit out of the Dogecoin playbook, which began as an web meme and rose to worth due to its recognition on the web.
The fan-coin is represented by a “Massive Cat Coin” brand that reveals what seems to be a bobcat on the heart. There are apparent comparisons right here to Dogecoin, which makes use of a Shiba Inu canine as its mascot. The Dogecoin cryptocurrency — which turned the fourth-biggest cryptocurrency on this planet — has been rising in hype and worth in latest weeks.
It’s actually unclear what the $CAT fan token will do, although. Baskin’s Big Cat Rescue, the sanctuary for wild animals that Baskin owns, defined it has nothing to do with investments or spending, based on Benzinga.
- “$CAT just isn’t a forex nor funding, however slightly is a purr-ency and the primary of its type as a fan token for supporters of Massive Cat Rescue,” Baskin’s Big Cat Rescue stated in a press release.
In line with CNN, Massive Cat Rescue plans to promote nonfungible tokens — or NFTS, like NBA Prime Pictures — and has “future plans embody a giant cat metaverse for digital visits with the cats.”