Catex & CATT Introduction
What is Catex and Catt Token?
"Catex" (Cat Exchange) is a mining transaction exchange and "Catt" is the token of this exchange.
In the last couple of years, because of extreme power consumption of the systems that are used to mine cryptocurrencies, and the decrease of price in all cryptocurrencies, mining costs has exremely increased and the environmental impact of this power consumption has begun to discuss by people. As the result of these, the stream of trading mining has begun to used in newly established exchanges. Trading mining is a new term in cryptocurrency world that means mining is being done by the investors while they are trading any coin listed in the exchange. Thats to say, when the investors buy or sell any coin in the market, the token of the exchange is being produced at the same time and depositted to the investors account in return of paid fee. Catex gives 5% mining bonus to all of its investors to make mining more attractive. In other words, paid fees return to investors as Catt 5% more.
Why Catex?
1. We have explained the first advantage for using the Catex in the paragrafe above. While users pay fee to trade on normal exchanges. On Catex, these fee’s are returned back to the users as Catt token with an extra bonus of 5% to their account.
2. Another advantage of Catex, and maybe the most interesting one, is that the exchange is sharing it’s daily dividends up to 90% back to it’s users depending on the amount of Catt token it is holding. So this means that the exchange is only receiving 10% of the dividents for itself. Which is for costs like advertising, employee and development costs. The system where the daily dividents is based on, is showed in the table below.
● Lock 7   days  %50 (Dividend percentage)
● Lock 15 days  %60 (Dividend percentage)
● Lock 30 days  %70 (Dividend percentage)
● Lock 45 days  %80 (Dividend percentage)
● Lock 60 days  %90 (Dividend percentage)
Example calculation:
The folowing information is needed for calculating the daily dividend. The total daily divident of the exchange, the total amount of Catt the user holds, the percentage based on how long the user has locked it’s tokens and the total amount of Catt that is locked in the circulation supply. So lets make an example with this information.

1. The total divident of the exchange is 2000 USD
2. The user has bought 10.000.000 Catt
3. And locked the token for 60 days (90%)
4 The toal locked Catt is 500.000.000

2000 x 90% = 1800
18000 x 0,02 = 36 USD (The daily dividend received byuser)
Calculation is based on current price of Catt/BTC: 0.00000022 sats. 10.000.000 Catt is currently worth 2.2 BTC based on the current price, (BTC/USDT price at the moment is 3415.25 USD) which makes a total of 7513.55 USD. So with the example we have shown that even if the Catt/BTC price and daily dividens stays the same, the user will earn back 28.75% of it’s investment after the 60 days of locking. It should also be considered that the calculaton is based on an exchange that is fairly new and still working on the awareness of the exhange in the market. The volume will increase by time, which returns in higher daily dividends for it’s users. Locking the catt token is a must to receive the daily dividends, but is not required to make use of the exchange for invest/trade in othere crypto currencies.
3. As Catex exchange we know the importance of a stable price of the Catt token. Therefore we have created an buyback account. This account uses his own share of the dividends to create a support level for the price or buy from the table if needed to ensure a stable price. The amount that the buyback account received is based on the locking level of the exchange users. The share of the buyback account is calculated as folowing:

40% share of users that has locked for 7 days with 50% dividends
30% share of users that has locked for 15 days with 60% dividends
20% share of users that has locked for 30 days with 70% dividends
10% share of users that has locked for 45 days with 80% dividends
0% share of users that has locked for 90 days with 90% dividends
4. Catex differs from the other exchanges with its strategy of focusing and listening to its community demands. There are multiple telegram channels and groups (English, as the native language like Turkish, Korean, Arabian, Indonesian etc.) created to listen to the community demands. Investors can ask their questions and give freely their advices in these groups. The questions coming from the investors are answered rapidly and the advices are noted to be discussed by the management. The management discusses these advices in an acceptable time period and make intellectual development if needed. After these discussions and developments, the investors' advices are published as the new rules as soon as possible. If there is contrast between the investors about an advice, management organizes a vote in groups and the most voted choise is accepted as the new rule. The blggest diversity of Catex from the other exchanges is that you can talk to management members like COO Cameron Kallhoff, CMO Aykut Aygun, CTO&CSO Yuanhang Zhou in the telegram groups.
5. One of the the most curious questions of the crypto traders is the total supply of the coin which will be invested. Catt has the advantage to the other exchange's coins. While establishing the exchange management decided to create 10,000,000,000 cat tokens in august 2018. Then, they decided to burn 5,000,000,000 cat tokens because of the community demands. In addition to this, the management also planned to maintain burning operations. 1,000,000,000 cat tokens will be burned every month till january 2019 and at the end of this operations, there will be just 2,000,000,000 cat tokens. There is a total supply today (December 2018) of 3,000,000,000 after burning in October and November as scheduled.
The other most curious question of the crypto traders is the circulating supply. Circulating supply of the catt is now (18.December.2018) 701,977,829.21 catts and 531,623,455.936 catts are locked by the investors. İt means, there are just 170,354,373.27 cats in circulation.