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10/1/2022, 9:37:14 PM

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CatBread is on the rise this week.

The price of CatBread has risen by 0.85% in the past 7 days. The current price is $0.00 per CATBREAD. CatBread is 88.78% below the all time high of $0.00.

The current circulating supply is 0 CATBREAD.


What Is CatBread (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.

Phase 1: This includes weekly tournaments wherein anyone interested can pay an entry fee using CatBread tokens. NFTs are not required to participate in this weekly tournament. The fee collected from these tournaments is to be distributed in the following manner:

• Community prize pool: 20%.

• 1st prize winner: 40%.

• 2nd prize winner: 25%.

• 3rd prize winner: 15%.

Phase 2: This phase brings the implementation of the P2E system in the form of weekly bounties. These bounties are provided to those slotted an NFT in the arcade. A game-to-play and a score threshold are provided to the players; as the player passes each threshold, the number of tokens increases. The amount earned, the chosen game, and the scores are dependent on the NFT slotted. The rarer the NFT, the better are the rewards. Later on, CatBread plans on turning these weekly bounties into a daily one.

Phase 3: Every player earns a set amount of tokens based on the score on a set number of games each day.

History of CatBread (CATBREAD)

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. 

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What is the current price of CatBread?

The price of 1 CatBread currently costs $0.0000000003.

What is the market cap of CatBread?

The current market cap of CatBread is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of CatBread?

The all-time high of CatBread is $0.0000000024. This all-time high is highest price paid for CatBread since it was launched.

What is the 24 hour trading volume of CatBread?

Over the last 24 hours, the trading volume of CatBread is $0.00.

What other assets are similar to CatBread?

Assets that have a similar market cap to CatBread include GameFi Protocol, Unobtanium, Ainu Token, and many others. To see a full list, see our comparable market cap assets.

How many CatBread are there?

The current circulating supply of CatBread is 0.

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