Dear all,
According to the current market situation and mining situation of CATT. After careful consideration,
We decide to burn 8 billions CATT (80% of total supply) within 3 months which include 4 billions minable CATT and 4 billions team locked CATT, the detail burn plan is as below:
1. Burn 5 billions CATT on Sep 29th (which includes 2.5 billions minable CATT and 2.5 billions locked CATT)
Burn link: https://etherscan.io/tx/0x6ae5575075d01d3f0acbf887b0223c970d35c32a74c90a56db1c8dfcc83ebf0a
2. Burn 1 billions CATT on Oct 29th (which includes 0.5 billions minable CATT and 0.5 billions locked CATT)
3. Burn 1 billions CATT on Nov 29th (which include 0.5 billions minable CATT and 0.5 billions locked CATT)
4. Burn 1 billions CATT on Dec 29th (which include 0.5 billions minable CATT and 0.5 billions locked CATT)
At the end of Decemeber, There will be only 2 billions CATT left.
Because the total supply for CATT is reduced. so the mining hourly limit will be changed accordingly to ensure the minging could be last for more than 5 years. Here is the mining limit detail for this year:
October: Hourly limit 300,000
November: Hourly limit 150,000
December: Hourly limit 75,000
Roadmap in October
Considering the recent concerns about Catex exchanges sustainability, Below is the brief introduction about our roadmap in October we decided to share to public.
1. Burn 80% of the total supply (Starting from 29th Sep 2018, will be ended 29th Dec 2018)
2. Weekly buyback and burn, starting from 1th Oct. (25% of Catexs income(5% of total transaction fee will be invested to the Buyback, to protect the CATT price)
3. Buying CATT event (Will go live in the first week of October, the specific date will be announced then)
4. CATT Vote listing System (Will go live in the second week of October, the specific date will be announced then)
5. Airdrop for CATT holders (Tokens to be list on Catex)
6. Catex UI improvement (Will go live before Oct 17th)
7. Coinmarkercap list (According to the progress of CMC content team review)
8. Developing Catex App. (Its in progress, will go live on early November)
If you have any question or concern, please join our telegram group or send email to us [email protected]
https://t.me/catex_group
Thanks a lot! We are always here.