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.
A Bit 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 detailsBNB Contract address: 0xe4fae3faa8300810c835970b9187c268f55d998f
›› Details & Tokenomics
Advantages of 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.
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.