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Solana Meme Coin ZCAT Distributes ~$2.75M in ZEC Across Over 470,000 Rewards

OdailyOdaily

Odaily News: Solana ecosystem cat-themed Meme coin Anonymous Cat (ZCAT) has cumulatively distributed approximately 2,320 ZEC to eligible holders through its transaction tax mechanism, valued at about $2.75 million at the latest price, with over 470,000 rewards completed. ZCAT charges a 3% transaction tax on each transfer, with most of the funds being converted into Zcash (ZEC) and then distributed to addresses holding at least $20 worth of ZCAT.

As ZEC has recently risen, the size of ZEC rewards received by ZCAT holders has increased. These ZEC do not come from business revenue but from transaction taxes generated by other users buying, selling, and transferring ZCAT. Therefore, the reward size depends on ZCAT's own trading activity; when trading volume declines, the ZEC rewards received by holders will also decrease.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.