Last updated:
Acting editor-in-chief
Gary McFarlane
Acting editor-in-chief
Gary McFarlane
Share
Why Trust Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships.
New meme coin Catslap ($SLAP) starts trading on MEXC centralized exchange on Friday December 6 at 1pm UTC, only two weeks after launching on DEXs.
$SLAP, the Slap-to-Earn clicker game marvel giving Popcat a run for its money, was priced at $0.0071 when the listing was announced at 11am UTC today. Trading starts at 1pm UTC on Friday December 6.
MEXC exchange has built an enviable reputation as the consummate meme coin trendspotter, often being the first to list up-and-coming hot meme coins.
As part of the build-up to the start of trading, a Kickstarter to encourage new account openings and deposits runs from 11am on Thursday December 5 to 10:50am UTC on Friday, with the result and listing announced at 11:10am UTC. Trading starts about two hours later at 1pm UTC.
Withdrawals will be available from 1pm UTC on Saturday December 7.
Kickstarter Airdrop Details: $30,000 SLAP & $20,000 USDT
Here’s the MEXC affiliate link for the Kickstarter: https://www.mexc.com/support/articles/16785962840601
You can sign up to get a MEXC account with this link: https://bs_168d85c2.cryptopages.care
1. Participation Eligibility: Hold a minimum of 500 MX for 24 consecutive hours before 2024-12-04 16:00 (UTC).
2. Voting Period: 2024-12-05 11:00 to 2024-12-06 10:50 (UTC)
3. Trading: 2024-12-06 13:00 (UTC)
4. Deposits: Opened
5. Withdrawals: 2024-12-07 13:00 (UTC)
6. Voting Link: https://www.mexc.com/sun/assessment
7. Airdrop Details: $30,000 SLAP & 20,000 USDT
8. Voting Token: MX
9. Requirements: 500 ≤ MX ≤ 500,000
10. You can commit based on your maximum committable quantity. Tokens committed successfully will only be used for reward calculation. Your MX will not be frozen.
11. Rewards: The airdrop rewards will be distributed according to the participation ratio within 1 hour of the event’s conclusion.
12. You can also participate in other ongoing Kickstarter and Launchpool events after you successfully participate in this event.
13. The rewards will be determined based on the amount of MX you commit and the number of valid users you bring in.
MEXC exchange is the No.1 meme coin trendspotter – BONK gained 95,700% after listing on MEXC first
News of the MEXC listing has led to a spike in the $SLAP price. MEXC is known for its early listing of meme coins that then go on to explode in value. Pepe, Bonk, Dogwifhat and Shiba Inu all found early success on MEXC.
The trading platform has become synonymous with spotting the meme coin trends first. Bonk chalked up a gain of 95,700%, Pepe 43,015%, NeiroCTO 37,492%, WIF 6,871% and GOAT 2,471%, to name but a few. It’s now time to add $SLAP to that price-explosive list.
MEXC is also a Binance-beater when it comes to all-important market liquidity. Market depth determines the percentage amount a certain-sized trade can move the market.
For example, its futures market depth is $100 million at the 0.05% and 0.1% levels, which outperforms major exchanges like Binance, and OKX.
MEXC is the 10th largest exchange by trading volume – that means more eyes and money on Catslap ($SLAP)
What’s more, MEXC’s substantial reach will bring Catslap to the attention of millions more potential buyers. According to CoinMarketCap, MEXC is the 10th largest cryptocurrency exchange for spot markets, with daily trading volumes of more than $10 billion and 5.2 million weekly visitors.
MEXC lists 2,760 coins and is available in 170 jurisdictions around the world. Its centralized exchange listing makes it easier for crypto beginners to trade. MEXC accepts fiat payments in USD, EUR, and GBP as well as direct deposits in USD.
Bagging the 10th biggest exchange is no mean feat, and further listings are sure to follow as the project grows in strength.
The second CEX listing announcement will take place in two weeks’ time, as indicated by a new countdown clock on the Catslap homepage.
Catslap has a fully diluted market capitalization of $63 million ($32 million based on circulating supply), so it is not far off the magic $100 million valuation. The addition of MEXC’s SLAP/USDT trading pair to the volume already generated for the SLAP/ETH pair will turbocharge the number of token holders.
On the decentralized exchanges alone, token holders have rocketed to 13,179. Although the total number of token holders will be harder to ascertain because CEXs don’t allow that data to be collated, the trading volume will tell its own story.
How buybacks and burns are driving Catslap’s value
Bulls are being attracted to Catslap not only by its viral narrative and the hilarity of its slap raison d’etre but also by the ongoing development that has so far seen the rollout of staking, burning, buybacks, and Play-to-Earn mechanics in the form of Slap-to-Earn, as mentioned earlier.
This utility package is making Catslap token stand out from the crowd by incentivizing interaction and heightened engagement in a way that older meme coins like Popcat haven’t.
Alongside the individual Slap-to-Earn rewards (details to be announced soon), all token holders benefit from the burn events triggered by Slapometer milestones. To date there have been three major burns; at the 10 million, 25 million and 100 million slap milestones. The next big milestone is yet to be announced.
By burning tokens it increases the scarcity and potential value of the remaining tokens. Burning also takes place when stakers unlock their tokens early. All told then, the value of tokens burned is more than $1 million.
Add to that the buybacks the projects conduct in the open market every 20 minutes, which is now valued at $451,000, and the combined price-supportive activity has a substantial positive impact on the value of $SLAP tokens.
Popcat turned a $100 meme coin investment into $282,679 and so can $SLAP
$SLAP’s price is up 6,828% since it launched two weeks ago, and there is plenty more of that growth runway ahead ahead. Over the past seven days the $SLAP price has gone up 212%.
Fellow cat meme coin Popcat, at its highest point since its Solana-based pump.fun listing, gained 282,679%. $100 invested in Popcat on pump.fun would have returned $282,679 today. Catslap runs on the second-most-valuable crypto network, Ethereum, and is poised to beat the performance of its feline competitor.
SolidProof audited Catslap, and the project has a 99% project reliability score on DEXtools. Furthermore, the team has locked 53% of its $6.8 million liquidity on-chain for one month – so no need to worry about rug pulls.
$SLAP is ready to pounce on the Popcats and Pepes of the crypto world in its quest for meme coin domination. This cat could have you purring all the way to the bank.
The fast-growing Catslap community has 3,448 members on Telegram and 11,000 on X. Join up today to keep in touch with the trendiest cat in crypto.
MEXC backs winners – maybe you should too.
MEXC affiliate link for the Kickstarter: https://www.mexc.com/support/articles/16785962840601
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
