The meme coin world is buzzing as Catslap ($SLAP) gears up for a massive $1 million token burn on Friday, December 20th. Combined with the ongoing Slap-to-Earn Season 1 and Zealy quests, the burn is expected to drive community engagement and boost the token’s value. Here’s everything you need to know about this exciting development.
Burn
$1 Million Burn
Catslap is making waves with its latest announcement to burn $1 million worth of $SLAP tokens. This move will significantly reduce the token’s circulating supply, creating scarcity and likely driving up the price. The burn comes as part of Catslap’s broader strategy, which has already seen 140 million tokens removed from circulation, valued at $594,436.
Buybacks Add Fuel
Adding to the bullish sentiment is Catslap’s buyback program, which automatically buys tokens every 20 minutes. So far, this program has removed 124 million $SLAP tokens, worth $529,487, from the market.
Slap-to-Earn
Engaging Community
Catslap’s Slap-to-Earn Season 1 has been a hit, drawing thousands of participants eager to climb the leaderboard. The program is scheduled to conclude on January 10, 2025, but not before rewarding the top 10 “slappers” with a $100,000 USDT prize pool.
Everyone Wins
The leaderboard isn’t just for the elite—participants across the board will receive $SLAP tokens proportionate to their ranking. With over 1.16 billion slaps recorded on the Slapometer, the enthusiasm is palpable.
Zealy Quests
The Zealy campaign adds another layer of engagement. Tasks completed on Zealy convert into slaps on the Catslap website, with a special exchange rate of 1 XP = 1,000 slaps. This integration keeps the community active and engaged while increasing their rewards potential.
Market Impact
Current Performance
The $SLAP token price has been trending upwards, reaching $0.0468—a 7.5% increase—despite the broader crypto market’s volatility. Analysts expect the $1 million burn to amplify this momentum.
Liquidity and Security
Catslap boasts strong liquidity of $4.8 million, with 54% locked for six months. This demonstrates the team’s commitment to the project’s longevity. Additionally, Catslap has been audited by SolidProof and holds a 99% reliability score on DEXtools, providing reassurance to investors.
Where to Buy $SLAP
Interested in jumping into the action? You can purchase $SLAP tokens on platforms like MEXC, Uniswap, and directly through the Catslap website. With more than 20,000 holders, this project is rapidly gaining traction.
Community Buzz
From social media to YouTube, the Catslap community is growing. Influencers like ClayBro, with 134,000 followers, are optimistic about the price boost from the burn. For the latest updates, follow Catslap on X (formerly Twitter) and join their Telegram group.
The combination of a massive token burn, community-driven engagement programs, and strong market fundamentals positions Catslap as a project to watch. If you’re looking for the next big meme coin, $SLAP might just be it.
