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About CatBread

CatBread plans to develop an NFT-driven GameFi ecosystem by utilizing multiple P2E models. Play-to-earn is an economic model for gaming based on cryptocurrency tokens that connect game economics with real-world finance. 

CATBREAD, the platform’s token, is meant to be the primary transactional currency that uses memeability as well as function within the CatBread ecosystem. CATBREAD has a burn mechanism that visibly impacts the overall supply. This burn mechanism works through the dead wallet, which also receives reflections. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

The first 10,000 NFTs minted on the platform are supposed to increase stats and other perks when breeding is released. CatBread is also planning to release its first-ever collection of random NFTs in collaboration with Pancakeswap.

Furthermore, CatBread seeks to develop a new P2E system in order to abandon the ticket system. Arcade games aim to be free to play on the CatBread platform. However, users would have to choose one of CatBread’s NFTs through slotting in the arcade to start earning rewards from playing.

According to the website of CatBread, this new play-to-earn model aims to be implemented in three phases as the prize pool grows.

• Community prize pool: 20%.

• 1st prize winner: 40%.

• 2nd prize winner: 25%.

• 3rd prize winner: 15%.

Bee is the cofounder of CatBread with experience as a digital designer. Merc has been the cofounder and project lead of CatBread, involved in crypto markets for five years. Hossam is the cofounder and web lead with several years of working experience in various top London agencies. 

Market

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Brazil News about CatBread

The Defiant • May 10, 24

Markets Rally As Weak U.S Jobs Data Spurs Rate Cut Hopes

Bitcoin and Ether gained 3%, while Solana soared 8% after U.S. unemployment claims came in above expectations.

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The Defiant • May 10, 24

Solana Crossroads - The Solana Conference [Day 1]

‎ Solana Crossroads is a crypto conference hosted in Istanbul, Türkiye that provides the opportunity for collaboration with the brightest minds in Solana. In partnership with Step Finance, we are broadcasting the full 2 day conference live as the exclusive media partner of Solana Crossroads here ...

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Unchained • May 09, 24

BlackRock and Securitize Submit Application for Arbitrum’s Program Focused on Real-World Asset Diversification

Real-world asset (RWA) tokenization firm Securitize Markets submitted an application last week “on behalf of BlackRock” to Arbitrum’s Stable Treasury Endowment Program (STEP), a sign of the growing institutional presence in the crypto space. Arbitrum’s STEP program will diversify 35 million ARB t...

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The Block • May 09, 24

White House set to nominate CFTC Commissioner Johnson to Treasury role: Bloomberg

The White House is set to nominate CFTC's Kristin Johnson to a top position at the U.S. Treasury Department.

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Unchained • May 09, 24

Why Ethereum Gas Fees Have Fallen to Their Lowest Level Since 2020

The average cost of a transaction on Ethereum is at its lowest level since Jan. 2020 (one gwei represents one-billionth of one ether and is the unit of ETH used to measure gas prices). The decline reflects the movement of activity from Ethereum’s base layer to its expansive array of ...The post W...

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BeInCrypto • May 09, 24

Bybit Prepares Initial DEX Offering (IDO) For Nulink (NLK)

Bybit's upcoming IDO for Nulink aims to strengthen dApps data privacy via a unique API, launching 4M NLK tokens with significant user registration.The post Bybit Prepares Initial DEX Offering (IDO) For Nulink (NLK) appeared first on BeInCrypto.

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CatBread is on the rise this week.

The price of CatBread has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. CatBread’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of CatBread?

We update our CatBread to BRL currency in real-time. Get the live price of CatBread on Coinbase.

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Assets that have a similar market cap to CatBread include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy CatBread on Coinbase?

Yes, CatBread is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy CatBread guide.