Catslap, the new meme coin, has surged by 40% in price due to several major announcements. The launch of the Slap-to-Earn feature, which rewards users for their slap efforts, has particularly caught the community’s attention, boosting both engagement and token value.
Developers Are Actively Expanding the Project
Despite being only a week old, Catslap’s developers continue to enhance the project. The addition of the Slap-to-Earn feature significantly improves the user experience, positioning Catslap beyond simpler meme coins like Popcat. As users discover the new functionality, engagement continues to rise.
Slap-to-Earn: A New Way to Earn Rewards
The Slap-to-Earn feature is now live, offering users a way to earn rewards by holding $SLAP tokens and slapping characters on the platform. By connecting their wallets, users can start earning points and climb the leaderboard. This competitive aspect adds excitement and motivates users to interact with the platform more frequently.
- Hold $SLAP tokens in your wallet
- Connect your wallet to the site
- Start slapping for fun and rewards
- Rank on the leaderboard
- Earn $SLAP rewards
Burn Program Strengthens $SLAP’s Value
In addition to the new feature, Catslap has launched a burn program that strengthens the value of $SLAP tokens. The next burn event will occur once the Catslap Slapometer reaches 25 million slaps, with 23 million slaps already recorded. Early unlocking of tokens and open-market buybacks also contribute to reducing the circulating supply, helping to drive the token price higher.
Buybacks and Burns: Strategic Moves to Support Price
The Catslap team has spent $77,969 on buybacks, purchasing $SLAP tokens to help support its price. These buybacks reduce the circulating supply, which further contributes to upward price movement. Additionally, the team’s burn initiatives, such as burning tokens when they are unstaked early, reduce supply and increase scarcity, which drives further demand.
Liquidity Surge Prepares Catslap for Growth
The project is gaining traction with a massive liquidity increase of $4.4 million in the SLAP/ETH trading pair. With a fully diluted market cap of over $30 million, the Catslap community grows by 10% every day. Their active engagement on platforms like X and Telegram fuels the excitement.
Slap-to-Earn Adds Competitive Fun
The addition of a competitive leaderboard makes Slap-to-Earn even more engaging. Users can connect their wallets, hold $SLAP tokens, and earn points as they slap characters. By doing so, they can track their progress on the leaderboard and compare their results with others.
Burn Milestones and Price Boost Ahead
With 12,560,571 tokens already burned, valued at $46,175, the next milestone burn event is fast approaching. As the Slapometer nears 25 million slaps, users expect another price surge. The burn program continues to reduce supply, creating further upward pressure on the token’s price.
$77,969 in Buybacks to Boost Token Value
The Catslap Buyback Dashboard shows the team’s purchase of 21,206,509 $SLAP tokens, totaling $77,969. These buybacks reduce supply and are aimed at pushing the token price higher, potentially removing another zero from its value.
Staking: Earn 40% Annual Rewards
Since launch, staking has been available, offering token holders the opportunity to earn 40% annual rewards in $SLAP. Staking involves locking up tokens for seven days, with rewards accumulating over time. Early unstaking results in burned tokens, adding to the token’s deflationary nature.
CEX Listing Drives Excitement
Catslap is gaining visibility, and its upcoming centralized exchange (CEX) listing in four days adds to the hype. Although Crypto.com has not confirmed listing $SLAP, exchanges are eager to capture trading volume from up-and-coming meme coins like Catslap.
Buy $SLAP with Best Wallet or Directly from the Website
Users can purchase $SLAP through Best Wallet or directly from the Catslap website, which offers payment options including ETH, USDT, and credit cards. The token has passed audits by SolidProof, ensuring its security. With its viral potential, Catslap is primed for significant growth, and investors can still join the party early.
Conclusion: Catslap’s Future Looks Promising
With a growing community, innovative features, and strong team execution, Catslap is positioned to become the next major meme coin. As liquidity increases and the price continues to rise, now is the ideal time to get involved in the Catslap project.
The post Trending New Meme Coin Catslap (SLAP) Price Surges 40% on Slap-to-Earn, Buybacks, Burns and Upcoming CEX Reveal appeared first on Cryptonews.
