he CATS token, a meme coin built on the blockchain of TON, has been receiving high interest ahead of its listing in major cryptocurrency exchanges. By October 8, 2024, the token's price surged by 48.5% from $0.0000057 to a high of $0.000010 within one day.
Spurt in Trading Volume
CATS has seen its trading volume reach about $32.3M, reflecting very keen investor interest in the token. This rally forms part of the listing in top exchanges like Bybit, KuCoin, Bitget, and Gate. Interest in CATS points not only to its memorandum, or meme, potential but also to how community-driven projects are seen and find traction within the crypto world.
Issues with Airdrop Distribution
While the CATS token is shrouded in hype, its airdrop has been quite sticky. Many community members have been complaining about not receiving their tokens, or even when they do, they are received at figures other than expected.
The team behind CATS took to Telegram, putting out a response reassuring users that the airdrop balances are indeed still being distributed on partner exchanges.
Their declaration of dedication to ensuring actual project supporters got a reward used subtle wording, implying a nuanced distribution strategy that doesn't rely solely on engagement metrics.
This would ensure, in effect, that the most avid participants benefited from the airdrop and created a community of active holders.
Future Developments
In the future, the CATS project will considerably extend its ecosystem. For instance, the team plans to provide personalized profile pictures or PFPs that can be upgraded with the support of a CATS token within two days from the TGE date.
These digital avatars are going to be the key attraction of the future Season 2 of the platform where there will also be token-gated exclusive reward pools within the CATS app. Such features tend to indicate that the platform is oriented to increase the level of engagement on the part of the user and provide further incentives for the community to get involved.
