Meme coin Catslap rallies 46% after slap-to-earn and token burn announcements

Cat-themed meme coin Catslap surges 46% as new Slap-to-Earn game and Slapometer-driven token burns spark excitement.

Trending cat-themed meme coin Catslap (SLAP) has experienced a 46% price rally after several high-impact announcements.

The team is taking bold steps to ensure the project claws its way to the top of the cat coin meta. Notably, they unveiled Slap-to-Earn, a new mechanism allowing users to earn crypto while playing its quirky cat-slap game.

Not only is there a reward incentive for playing the game, but token burns will take place based on Slapometer milestones. So far, there are over 59 million slaps recorded.

Slap-to-earn and burning will skyrocket catslap value

Popcat or Mog Coin don’t have these features. In the cat coin sector – which is worth over $5 billion – Catslap separates itself with multiple innovations.

The burning mechanism helps keep supply low and means incoming capital will have a greater impact on the token price. Visit the Catslap Burned Tokens Dashboard to track all the transactions.

Tokens are burned when users unstake their tokens early, and the team also buys back tokens from the open market to burn. Track the progress of this using the newly launched Catslap Buyback Dashboard.

The SLAP price is gradually stepping higher as more of these features are revealed.

SLAP primed for big move with $4.1 million in liquidity

The Catslap team is clearly expecting some major investment. The project has $4.1 million in locked liquidity to ensure the seamless buying and selling of SLAP, even at whale-grade levels.

The project’s market cap now sits at $24 million, and its brand awareness is growing stronger. Between its X and Telegram channels, it boasts over 12K followers. Meanwhile, its holder count sits north of 8,000.

Catslap now offers two ways to slap. The old way is that users visit the website, select the character they want to slap and get straight to it. Or, the new Slap-to-Earn way: users connect their wallet, start slapping, and earn tokens for their efforts. There is also a new leaderboard that tracks the Slap-to-Earn section separately.

Click on the Slap-to-Earn button to view the Catslap leaderboard, which is grouped by countries and individual users.

Users can also go to the burn dashboard and see how many tokens are being removed from the market in real time. So far, 38,476,835 SLAP worth $126,846 have been burned.

Token buybacks to bolster demand

Catslap has yet another buoy from the newly launched buyback mechanism. The buyback dashboard reveals 42,312,186 SLAP tokens have been repurchased from the market, adding $139,492 in buying pressure.

The Catslap community is impressed by this comprehensive approach to tokenomics and ecosystem development, which is reflected in the project’s near 50% rally this week.

Compound Catslap gains with 40% staking APY

SLAP holders can maximize their earning potential by staking their tokens for a 40% APY.

Staked tokens will be gradually unlocked over a seven-day window. If you decide to unstake your tokens early, any that haven’t been unlocked yet will be burned permanently.

Lastly, Catslap’s exchange listing announcement will come in just three days, giving another buy-side boost.

Community members have noticed SLAP appearing on Crypto.com’s ‘most popular’ rankings. It’s not known whether Crypto.com will list SLAP, but this underscores the project’s strong market appeal.

Buy SLAP before the next rally

Catslap has gained a reputation on the trending Web3 wallet Best Wallet due to the significant gains it has provided so far. Investors can buy SLAP from Best Wallet’s upcoming tokens feature.

Alternatively, interested investors can purchase SLAP via the project’s buy widget on its website or via Uniswap. The Catslap contract address is 0xF107edABF59ba696E38DE62Ad5327415Bd4D4236.

To learn more, visit the CatSlap website, X or join its Telegram for the latest updates.