Catoshi Nakamoto is a platform providing cryptocurrency bridging solutions to enable assets to be traded on blockchains other than their native chains. To effectively implement decentralization and blockchain in daily activities, it is imperative that crypto assets easily interact with each other, enabling an easy flow of information and seamless transactions. This is made possible by interoperable blockchain systems. While some networks provide this service, smaller cryptocurrencies, particularly meme tokens, are sometimes left out, restricting their utility. Meme tokensare based on internet jokes (memes) on recent events and are often endorsed by influencers. Catoshi aims to bridge the technological divide, allowing platforms to communicate with other thriving networks and expand their utility. The idea is to make crypto accessible to the general public.
According to the whitepaper, to provide interlinking of blockchains, Catoshi offers the following solutions:
The native token of the platform is CATS across all chains, except for Binance Smart Chain, where the ticker is CZATS as a fun nod to the founder of the chain CZ. Users can purchase Catoshi's products using CATS or CZATS. All CATS collected are placed into a pool to be staked by holders. Users can also farm CATS tokens for yields. CATS also function as a governance token, allowing the community of CATS holders to function as the first members of the Catoshi DAO, the keepers of the Crossing. The keepers plan to vote on the following items at first: