- Simon’s Cat memecoin ($CAT) launches on August 20, 2024, on TokenFi Launchpad, backed by Floki, DWF Labs, and BNB Chain.
- With 9 trillion total tokens, the presale aims to raise $4.25 million, representing 17% of the supply, and starts with a $25 million market cap.
- 18.5% of $CAT tokens will be airdropped to FLOKI holders, and 1.5% to users trading with the Floki Trading Bot.
The Simon’s Cat memecoin will officially launch on the TokenFi Launchpad on August 20, 2024. This debut marks a significant moment as Simon’s Cat, a globally renowned cat animation and meme, enters the cryptocurrency space. As the first major cat memecoin on the BNB Chain, it is backed by Floki, DWF Labs, and BNB Chain.
Impressive Online Presence
Simon’s Cat has a huge internet following, with over 1.6 billion views on its YouTube channel and millions of followers on social platforms. The brand has 6.3 million YouTube subscribers, 9.8 million Facebook fans, 5.4 million Instagram followers, and 3.5 million TikTok subscribers. This broad reach is expected to increase memecoin’s appeal.
The total supply of Simon’s Cat tokens is 9 trillion, with a 100% circulating supply. The presale aims to raise $4.25 million, representing 17% of the total supply, with an initial market cap of $25 million. The TokenFi Supercharger program will give $TOKEN stakers priority in the presale.
Airdrop Distribution
A significant feature of the launch is the airdrop distribution. 18.5% of the total supply will be airdropped to FLOKI holders, both on-chain and through selected centralized exchanges. Additionally, 1.5% will go to users trading Simon’s Cat using the Floki Trading Bot.
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Brand Backing and Market Potential
The memecoin is linked to the Simon’s Cat brand, which is owned by Banijay, a company with a revenue of $5.8 billion. The brand will actively promote the memecoin across its popular channels. Although the cat memecoin sector is smaller than the dog memecoin sector, Simon’s Cat’s entry is expected to draw significant attention and investment due to its established popularity.
The Simon’s Cat memecoin’s launch represents a notable development in the crypto space. With strong brand backing and strategic partnerships, it is set to make a substantial impact in the memecoin sector.
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