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Cryptocurrency News Articles

The Catslap Slap-to-Earn ‘Slapdrop’ wraps up in under 24 hours, leaving holders with no time to lose in claiming a share of the $100,000 prize pool for the top 10 slappers.

Jan 10, 2025 at 01:09 am

Catslap goes one better than Popcat by introducing a Slap-to-Earn system that rewards users with $SLAP tokens for their slapping endeavors on the website and through completing tasks on Zealy.

The Catslap Slap-to-Earn ‘Slapdrop’ wraps up in under 24 hours, leaving holders with no time to lose in claiming a share of the $100,000 prize pool for the top 10 slappers.

The Catslap ‘Slapdrop’ wraps up in under 24 hours, leaving holders with no time to lose in claiming a share of the $100,000 prize pool for the top 10 slappers.

Catslap goes one better than Popcat by introducing a Slap-to-Earn system that rewards users with $SLAP tokens for their slapping endeavors on the website and through completing tasks on Zealy.

Users can slap or sign up to Zealy with any wallet address, but to qualify they need to submit a Best Wallet address in the ‘Submit your BW address Zealy quest’.

Outside of the top 10 winners, engaged participants who take part in the slapping will receive an airdrop of tokens in proportion to their slap totals, which means there’s something for everyone in the Catslap community.

News that the project will be burning $1 million $SLAP tokens on January 31 is also driving growing interest in the project.

This is the schedule for the end of the Slapdrop:

Catslap Surges 10% In A Week As Popcat Plummets 35% – Which Would You Choose?

In a measure of the viral strengths of Catslap, over the past week the $SLAP price has continued to outperform Popcat.

Priced at $0.00288 on the MEXC exchange, $SLAP is up 10% in the past seven days, notwithstanding the drawdown in values across the crypto complex. That compares with a price collapse of -35% for Popcat.

It would appear that some meme coins are more equal than others, as $SLAP’s price-supporting features are clearly showing their worth.

In addition to the Slapdrop and the $1 million burn at the end of the month, there have already been 466,540,797 tokens burned to date worth $1,345,889.74, according to the Catslap burn tracker dashboard.

Alongside the burns, there is an ongoing buyback program in which tokens valued at $976,539 (338,431,355 $SLAP) have been bought on the open market.

And last but not least there is the staking facility which currently earns stakers 30% per annum.

On the Catslap website the Slapometer has clocked up 2.61 billion slaps worldwide. In descending order France, Japan and the US top the country leaderboard.

Smart Traders Invest In Small-Cap Meme Coins Like Catslap, Turn $500 Into $30,000

The new year is a time when many investors seek to rebalance their portfolios, perhaps by trimming the holdings of outperformers, adding new opportunities and dumping assets deemed to be beyond hope of recovery.

Against this backdrop, crypto assets like Catslap are likely to be in demand because of their meme coin exposure, which is still the hottest trading sector in crypto, and its added utility – a rare thing in the sector.

Small-cap meme coins like Catslap just out of the gate have much better risk-reward upside potential than the likes of Popcat, whose best days are probably behind it.

There are now more than 21,360 addresses holding $SLAP tokens in self-custody wallets and a combined social following totaling 18,478, an increase of around 3,000 in the past three days. Catslap listed on decentralized exchanges on November 21, 2024.

Fully diluted market cap sits at $22 million and liquidity in the SLAP/WETH trading pair is $3.7 million of which 54% is locked for six months.

Despite the pullback of the past couple of days following weakness in the stock market, meme coins are still collectively valued at $96.8 billion, according to CoinMarketCap data and daily trading volumes steady at $12 billion.

Buy The Dip, And Ride The Surge Higher, Just Like Savvy Traders

As experienced investors know, nothing goes up in a straight line, so buying the dips in prices can be a successful strategy, provided you pick the right coins.

Given its burns, buybacks, staking, Slap-to-Earn protocol and its viral mini-game, Catslap presents a golden opportunity to add a winner to your portfolio.

$SLAP has already delivered returns of 2,500% since launch (check out the video above), and there’s likely to be plenty more ROI where that came from.

Only token holders who connect and slap are eligible for the Slapdrop coming in a matter of hours, so it makes sense to get onboard for the double whammy of airdrop rewards in Season 1 and the coming Season 2 (date to be confirmed

News source:insidebitcoins.com

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Other articles published on Jan 10, 2025