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Saturday, May 8, 2021

Pass over DOGE as Tiger King Star launches CAT

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Dogecoin’s status as the best memecoin controversial Tiger King star Carole Baskin may (but certainly not) be at risk following news of the launch of her play CAT.

In a blog post via Baskin’s nonprofit Big Cat Rescue on May 4, she revealed that her social token was launched on Rally, an open network that allows creators to launch their own coins on the Ethereum blockchain. However, she pointed out that her coin is not an investment tool, it’s actually a terrible pun:

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“Our new $ CAT coin is not an investment currency, but rather a purr of our fans to show their love for cats and reap the benefits of being our most forward-thinking partners in creating a world where everything is wild. cats live freely. “

However, Baskin’s interest in cryptocurrency appears to have some basis, with the reality TV star explaining that she had concerns about the impression of money fueling inflation and that, “I love it. idea of ​​putting the power of money in the hands of the people, rather than the banks and governments. “

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Despite her new bullish trend, Baskin seems to have misunderstood the different attributes of Bitcoin compared to many altcoins as she stated: “ At this point USD and Bitcoin are fiat currencies, but at least Bitcoin and other altcoins have a built-in rarity and now there is a much wider adoption of them in our day to day life. “

Baskin’s CAT currently has 123,600 coins in circulation and costs $ 8.20 a coin. Since its launch, $ CAT has recorded 492 transactions, for a total USD support volume of $ 206,000.

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CAT holders will be eligible for rewards such as “elite access to live rides and chats with Carole Baskin and her crew of big cat lovers and keepers, discounts and first time access to new merchandise. and activities.

Baskin teased future plans for the CAT community, which include shared access to the metaverse world of big cats called ARzoo, a virtual reality collectible game called Big Cat Rescue VR, and a new set of unspecified but presumably centered NFTs. the cat, which should fall in half. weeks.

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This is not Carole Baskin’s first step into crypto. In April of last year, it started accepting donations in Bitcoin, Bitcoin Cash, and Ethereum through Bitpay.

It remains to be seen whether his nemesis Joe Exotic or better known as Tiger King has awakened to the importance of blockchain technology behind bars.