ANSEM JUST FOUND A DEGEN WAY TO TRADE THE ZCASH NARRATIVE.
Trader Ansem is eyeing ZCAT, a memecoin on Solana tied to the Zcash (ZEC) story.
Key highlights:
• #ZCAT creates a trading pair with ZEC
• 3% token transfer fee mechanism is used to generate ZEC rewards
• ZEC rewards are distributed directly to eligible ZCAT holders
• Meaning holding ZCAT can provide indirect exposure to the Zcash narrative
But there's a catch: the 3% transfer fee adds trading friction, making it more expensive to enter and exit positions.
Ansem calls this design pretty interesting, but also warns that ZCAT's spot risk is higher.
ZEC: “You can buy me.”
ZCAT: “Why buy ZEC when I can pay you ZEC?”
Crypto really said: “What if the narrative had yield?”
The question is: Is ZCAT a smart way to trade the Zcash narrative, or just a memecoin slapped with a ZEC printer?
DYOR. Don't play without doing your research, we're scamming each other :v
Trader Ansem is eyeing ZCAT, a memecoin on Solana tied to the Zcash (ZEC) story.
Key highlights:
• #ZCAT creates a trading pair with ZEC
• 3% token transfer fee mechanism is used to generate ZEC rewards
• ZEC rewards are distributed directly to eligible ZCAT holders
• Meaning holding ZCAT can provide indirect exposure to the Zcash narrative
But there's a catch: the 3% transfer fee adds trading friction, making it more expensive to enter and exit positions.
Ansem calls this design pretty interesting, but also warns that ZCAT's spot risk is higher.
ZEC: “You can buy me.”
ZCAT: “Why buy ZEC when I can pay you ZEC?”
Crypto really said: “What if the narrative had yield?”
The question is: Is ZCAT a smart way to trade the Zcash narrative, or just a memecoin slapped with a ZEC printer?
DYOR. Don't play without doing your research, we're scamming each other :v