What Is Catoshi Nakamoto (CATS)?

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 Crossing: The Crossing is a cross-chain bridge that allows tokens to run on various EVM chains, including BSC, ETH, AVAX, MATIC, and FTM. The mechanism aims to open new opportunities, including collaborations with a broader range of projects and access to a larger pool of financiers. The Crossing seeks to make the process of high-yield farming and staking simpler.

• White-label bridging: Catoshi's white-label bridging solutions also offer larger projects the option of integrating their own branded bridge gateway. The features from the Crossing and more are included in a bespoke bridge created to complement the project's identity and concepts.

• Liquiditysolutions: When a new chain is launched, Catoshi enables other pre-existing tokens to be paired with the new projects' native tokens. This aims to bring more liquidity to the new chain.

• Catoshi's bots: Catoshi's cross-chain bots make it possible to keep track of a project that has been bridged. Catoshi's bots allow projects to see their prices, contracts, commands, social media, buying, and command lists with a single click of a button. Holders can examine market capitalization estimates and holders across chains by pulling all the data from each chain.

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:

• Fees and distribution

• Analysis and integration of potential chains

• Constructing a bridge between potential tokens

History of Catoshi Nakamoto (CATS)

The Catoshi team comprises members holding roles across strategy, product, development, marketing, and communications. Josha is project lead, and Kayz is the project co-lead. The updated version of the whitepaper was released in January 2022. The maximum supply of CATS is capped at 11 million across all chains.