Cryptocurrency3h ago
This cat memecoin has paid holders $2.8 million in Zcash as ZEC tops $1,200
AI EXECUTIVE SUMMARY
A newly launched cryptocurrency token called ZCAT implements a transaction tax to distribute Zcash rewards to its holders. This mechanism coincides with a significant price surge for ZEC, which has recently exceeded $1,200.
WHY IT MATTERS
The token introduces a novel reward mechanism that directly links meme-style cryptocurrency trading with the performance and distribution of Zcash.
A brand new ZCAT token charges a 3% tax whenever the token moves and uses the proceeds to distribute ZEC to holders, creating an unusual link to one of crypto's hottest assets.
This story was originally reported by CoinDesk. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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