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If you are a fan of memes and crypto, you might have heard of Pancat Coin, a project that combines both. Pancat Crypto is or should we say was meme-based crypto project built on the Polygon Network, a layer-2 scaling solution for Ethereum. Pancat Coin was initially developed as a meme token but has evolved into something more ambitious and innovative.
The project is having a sort of resurgence in terms of internet searches. So, let’s have a look at what Pancat crypto was, what the project aimed and what’s the current status of this project?
What is Pancat Cryptocurrency?
Pancat Coin aimed to build a revolutionary, free crypto community focusing on education, entertainment, and charity.
The project was launched to compete with the likes of memecoins such as Dogecoin and ShibaInu crypto. The total crypto supply was fixed at a staggering 500 Quadrillions.
PANCAT crypto token aimed to power the Pancat Coin ecosystem, which would have consisted of PancatSwap, Pancat NFTs, and the blockchain gaming protocol. The entire 500 quadrillion supply of tokens was destroyed, with more than half of it destroyed to avoid price manipulation and support institutional partners.
The project planned to donated a part of profits to cat shelters.
Pancat Crypto Journey
The project’s key features were:
- 2 second block time
- No transaction costs
- Cute cartoon cat theme for disarming skeptics
Pancat coin imposed a 6% fee on anyone who bought Pancat crypto or used it for transactions. 4% of that fee was then shared among Pancat holders, like a free distribution, and this was another factor that made the coin popular.
Pancat also released Pancat Games that offered rewarding games based on popular memes and characters. The games were designed to be easy to play and accessible to everyone. Players could earn Pancat Coins and other rewards by playing the games.
The Pancat crypto project was planned in six stages where the 4th one included it’s listing on Coinmarketcap and Coingecko and 5th one included the expansion of listings.
Current Status or Future of Pancat Cryptocurrency
While the project failed to materialize, we cannot fully say it was a scam. Rather, it was a case of incompletion.
The project, despite a revival of interest, is mostly dormant now online and the project website is gone. It seems that the project failed to accomplish the goals set out in its roadmap, such as listings on centralized exchanges, strategic partnerships, and more.
The project’s website and official handles are nowhere to be found.
How to buy PANCAT Crypto
At this point of time, we will not recommend to waste your time about searching for buying the token. You can check out some popular and fundamentally strong penny cryptos here.
If you are still interested in buying this token, you can check out Quickswap for availability.
For any time, on-demand analysis on any cryptocurrency, you can join our Telegram channel.
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