Cate Coin review details (CATE)



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Are you tired of dog related meme coins? Here comes a token for all cat lovers - Cate Coin (CATE). They community are trying to make Cate Coin an eco-friendly cryptocurrency by reducing block rewards over time until no new coins are created. Cate Coin is a decentralised, open-source cryptocurrency forked from Bitcoin. The team behind CateCoin describes their project as "an evolution of Bitcoin". The CATE developers aim to continue the path of Satoshi Nakamoto but focus on making an eco-friendlier coin by halving block rewards every six months until no new coins are created. The Cate Coin developers also implemented SegWit, RBF and the Lightning Network, which are all technologies currently being implemented on Bitcoin." CateCoin is entirely anonymous. For this reason, there are no restrictions on the number of coins you can mine or spend. We still cannot find a white paper for Cate Coin, which is a bit worrying.
CATEUSDT (-2.12%)
$0.0000003365
June 28, 2022, 1:01 pm [UTC]



 

Cate Coin stands for a decentralised cryptocurrency without a government, bank or third party to manage it. Cate Coin aims to make the world a better place by making transactions easier and cheaper by using blockchain technology. Bitcoin was the first decentralised electronic money system that used peer-to-peer technology with no central authority or middlemen.

 

Briefly about Cate Coin

With the release of the new whitepaper, Cate Coin is starting on a slightly different path. First of all, they are developing their own blockchain, secured by master nodes only. This represents an interesting 'move' as 99% of projects are purely based on proof-of-work mining. There was some FUD regarding this decision, but the devs are quite open about their future developments. CateCoin has so far implemented SegWit and RBF on their network. They will be implementing the Lightning Network in Q2 2018, making it one of the first projects to implement the second-layer protocol.

A cat based meme coin with staking, gaming and NFTs.CryptoLists.com
 

Cate Coin is a new cryptocurrency forked from Bitcoin - one of the most successful currencies to date. Because it is a fork, it uses bitcoin's original protocol with some improvements and changes making it a unique coin. Cate Coin aims to become an eco-friendly cryptocurrency by reducing block rewards over time until no new coins are created. Cate Coin has also implemented Segwit, RBF and the Lightning Network, which are all technologies currently being implemented on Bitcoin.

 

Utility of Cate Coin?

Being a meme coin, the main utility for Cate Coin is staking and play to earn gaming.

Cate Coin Price details

BSC Contract address: 0xe4fae3faa8300810c835970b9187c268f55d998f




Very speculative and theoretical potential data
Last updated: June 28, 2022, 1:19 pm
›› CATE tokenomics and social media
 

Advantages at Cate Coin

+ Fair transaction fees make it the best option for investors.
+ The blockchains used feels very safe and secure.
+ Simple and fast transfer speed, thus making the coin reliable.
+ Cate Coin doesn't allow unauthorised access to critical information.
 

Disadvantages

- The coin might require some learning curve before using.
- Some users claim that the coin is highly volatile and the value keep.
- A good number of potential investors has not yet invested.
- Online retailers are not likely to let users pay using CATE.
 

Costs

▪ Rated at 9/10

Cate Coin is traded on HitBTC, Cryptopia and CoinExchange. The price of the coin is very low at the moment, but this could change quickly as soon as more exchanges list it. One Cate Coin token is equivalent to USD $0.34 at the time of writing this article.

Cate Coin's ICO was extremely successful, that's why they mined more coins than initially planned (after the first six months). Instead of releasing it slowly to prevent inflation, they decided to redistribute to every Cate Coin holder through a 'free' for all via snapshot. Cate Coin's transfer fees are 0.0001 Cate per transaction, significantly less than most other cryptocurrencies.

 

Reputation and Buzz

▪ Reputation rated at 8/10
▪ Buzz rated at 8/10

Cate Coin is a young crypto currency, but it has made some big moves by implementing SegWit, RBF and the Lightning Network. This makes Cate Coin one of the first projects to implement these technologies on their network. It's best for investors looking for a coin that is new and can potentially increase in value quickly.

There were some concerns with Cate Coin's decision to implement the PoS algorithm at the beginning of their project, but these rumours have been put to rest quite quickly since there was an explanation for this move. The developers are quite open with their future plans regarding the development of their projects.

The Cate Coin's community isn't very big right now, but they do have a Telegram group which can be found here. The developers are looking for investors to help them build their projects and will reward you with free coins if you invest.

 

FAQ

Is the coin safe to use?

The coin relies on one of the latest technologies, making it one of the safest for both beginner and experienced investors.

Is Cate Coin available worldwide?

Yes, the coin is currently available in all parts of the world and can be used to complete transactions online.

›› Trade the Cate Coin here

Screenshots from Cate Coin

Click for larger image
 

More sites where to buy/sell/trade Cate Coin

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
 

Cate Coin details and tokenomics

Cate Coin Ticker: CATE
BSC Contract address: 0xe4fae3faa8300810c835970b9187c268f55d998f
Type of crypto: token-bsc
Launch/ICO Date: May 2, 2021
Date for the end of ICO: May 3, 2021
Resources & Social media
Blockchain URL: https://bscscan.com
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