#Memecoins🤑🤑
🐾 Solana meme coin Anonymous Cat (ZCAT) paid out $2.8 million in Zcash to its owners!
A case study of how the hype around anonymity and memes creates millions of fortunes out of thin air:
➡️ Earnings on taxes: ZCAT charges a 3% fee on each transaction, converts it to Zcash ($ZEC ) and distributes it among owners who hold at least $20 worth of tokens.
➡️ Result: A total of 2,320 ZEC (~$2.8 million) has already been paid out through over 470,000 transactions.
➡️ Zcash rally: $ZEC itself has crossed the $1,200 mark, up over 2,300% year-to-date on renewed demand for privacy and the launch of a Zcash ETF by Grayscale.
➡️ ZCAT metrics: The token is trading around $0.13, and its market cap has reached $124 million with a daily trading volume of $22 million.
⚠️ Investor warning: These payments are not business income, but only a percentage of the token resale by other participants. If trading activity dies down, royalties will instantly drop to zero.
🐾 Solana meme coin Anonymous Cat (ZCAT) paid out $2.8 million in Zcash to its owners!
A case study of how the hype around anonymity and memes creates millions of fortunes out of thin air:
➡️ Earnings on taxes: ZCAT charges a 3% fee on each transaction, converts it to Zcash ($ZEC ) and distributes it among owners who hold at least $20 worth of tokens.
➡️ Result: A total of 2,320 ZEC (~$2.8 million) has already been paid out through over 470,000 transactions.
➡️ Zcash rally: $ZEC itself has crossed the $1,200 mark, up over 2,300% year-to-date on renewed demand for privacy and the launch of a Zcash ETF by Grayscale.
➡️ ZCAT metrics: The token is trading around $0.13, and its market cap has reached $124 million with a daily trading volume of $22 million.
⚠️ Investor warning: These payments are not business income, but only a percentage of the token resale by other participants. If trading activity dies down, royalties will instantly drop to zero.
