The world of meme-based crypto projects is genuinely an amusing one. Sometimes, there is no logic behind their success, and sometimes as they become successful, they try to pivot to offer some actual utility to sustain in the cryptocurrency market.
One such meme coin driven by community engagement, which started as a joke to counter all the dog tokens but is now getting severe traction, is the Pancat Coin.
The Pancat coin is a digital currency based on the Polygon Network (ERC 20 protocol). It takes advantage of a strong block formation and aims to offer almost zero transaction fees.
They are hyper-deflationary and will reward token holders with the help of a burning mechanism. As a result, this will increase the value and number of tokens for holders. Hence, there is a lot of demand to buy the Pancat token.
To buy Pancat Coin, we must access a reputable exchange called QuickSwap, an exclusive DEX for Polygon that supports trading pairs for Pancat.
Let’s have a look at the detailed process of how to buy Pancat cryptocurrency:
To buy the Pancat token, we need to create and connect to a wallet for cryptocurrency. There are multiple decentralized wallets in the market.
One of the easiest, most popular, and most secure decentralized wallets is the Metamask. It can be accessed via a browser extension or the mobile app, enabling the wallet holders to connect to any Web 3 sites or decentralized exchanges for fulfilling transactions.
Seasoned blockchain investors can easily do this. If you are a new user, watch this video for help.
Once the wallet is created, we must fund the account to carry out the transactions. It can be done in two possible ways:
1. If the holder has cryptocurrencies in another exchange or wallet, the wallet can be funded with those cryptocurrencies as they can be used for the transaction.
Users can fund with BTC or other popular cryptocurrencies, such as Ethereum or Matic if the wallet supports it. So, if users already own cryptocurrencies such as Bitcoin or Ethereum, they can use them to buy Pancat. For Metamask, the token has to be based on Ethereum Network.
2. If the buyer has never held cryptocurrencies, they must first buy Tether or any other crypto from any popular crypto exchange with the help of a bank account, debit card, or credit card and then send it to the wallet.
Let’s check the steps:
For completing transactions in DEXs, a minor platform transaction fee called a gas fee must be paid as part of the transaction.
Since Matic is the native cryptocurrency token of QuickSwap as it is Polygon based, we need some Matic tokens to pay for the Gas Fees. So, before transferring to the wallet, make sure to buy some Matic to complete the buying process of Pancat coin.
Once the cryptocurrencies are bought, they must be transferred to the wallet.
As mentioned, Metamask supports eth-based tokens, so if someone bought Ethereum or USDT and Matic, they could be easily transferred to Metamask. Select a wallet supporting that token and the corresponding network for any other tokens.
Once the funds have been transferred to the wallet, they must be connected to the DEX, QuickSwap.
Go to QuickSwap and then click on the “Connect Wallet” button on the top right corner of the webpage.
Once clicked, the wallet will be connected to QuickSwap. Please remember to change the network to Polygon when connecting the wallet, as QuickSwap is Polygon based.
Now that all the hard work is done, the final step is to convert the available tokens in the wallet to the Pancat token. It is a simple and fast process as these wallets have very high transaction speeds.
Follow the steps:
Congratulations!! You have successfully purchased the Pancat coin.
Pancat Coin is a blockchain technology-based token developed in the Polygon Network with the Ethereum ERC-20 protocol. This coin project was created following the success of a wide range of dog-based coins such as Dogecoin or Shiba Inu. The team believes this token will ensure the cat supremacy over the dogs regarding meme coins.
Most of these meme coins and their popularity is mostly community driven. Their lack of utility makes them unsustainable.
The network effect causes the prices of these meme coins to inflate as they do. But, since most of these tokens offer no value or are scam coin projects, they eventually die and obliterate.
However, the ones that become extremely popular try to develop utilities to prosper further as they have a strong crypto community behind them.
Pancat, built by combining Eth and other sovereign blockchains on the Polygon network, also tries to create enough value as a loyal community backs them. The community of the Pancat coin is referred to as the Pancat Coin Cat Mega Army.
Some of the Project details of the Pancat Cryptocurrency are as follows:
The innovative features and the typical characteristics of Pancat Coin are as follows:
It is imperative as the amounts of money users hold in these tokens are sometimes significant, and an open, trustworthy team offering secure and efficient transactions helps build confidence among the community participants.
They already have a website, pancat.com, and are developing other communication channels, such as telegram and Twitter, to ensure smooth communication service and take advantage of the network efforts.
The audit will eradicate the process of price manipulation. The token burning will ensure that the inflow of funds to the holder of funds in the Pancat token is continually increased.
They are also building a reward system, offering sweepstakes and gifts for loyal cat armies. These features will ensure constant token circulation, making the system robust and improving the project’s long-term viability.
Name of the Token | Pancat Coin |
Platform | Polygon |
Total Token Supply | 500 Quadrillion |
Circulating Supply | >250 Quadrillion |
Block Time | ~2s |
Coin Burnt | >50% |
Consensus Mechanism | Not Mineable |
Reward from Transaction Fees | 4% |
Current Price | 1 PANCAT = < 0.0001 USDT (< $0.0001) |
Highest Price | $0.00000000024324 on Jun 22 |
At the time of writing, the current market price of the Pancat Token is as follows:
Current Price of PANCAT Coin: $0.000000000112
24H High: $0.000000000113
24H Low: $0.000000000111
24-Hour Trading Volume: No Data
Distribution of the Pancat Coin:
Learn About:
Pancat is a Polygon-based meme token that is community focused. It was developed by a group of crypto enthusiasts as a competitor to dog-based coins such as Doge or Shiba Inu with multiple features such as NFT, Swap portals, community tokens, and many more.
At present, the Pancat is worth $0.000000000112 with a total supply of 500 quadrillion tokens.
As per the whitepaper, 38% of the total supply has been secured for liquidity.
QuickSwap is the only cryptocurrency exchange or cryptocurrency wallet currently offering Pancat Tokens. One can buy Pancat tokens in the QuickSwap exchange with the help of any digital wallet like Metamask.
Read More:
Pancat is a fun, creative meme token that promises to offer many valuable features and can be a valuable source of passive income. It is witnessing a sort of resurgence in terms of searches being made by interested parties. Their vision to build an ecosystem that is community driven and decentralized feels fresh and unique. They also don’t want themselves to be identified as a speculative meme coin and come out as a more stable cryptocurrency investment.
However, all these tokens were developed on a community-based protocol with low market capitalization, unlike big projects like Ethereum and Cardano. They are highly volatile and are subject to market risks. Cryptocurrency is a risky investment, and the cryptocurrency industry is more volatile than stocks and other asset classes.
Disclaimer: All the information presented in the article has been collected independently by BitMoneyAlpha and has not been reviewed or approved by Pancat. The product information may vary. Please check the issuer’s websites for the latest information. The statements and opinions expressed in this article belong to the author and do not necessarily represent the views or opinions of any cryptocurrency issuer. The content is for informational purposes only. It is not financial advice. So, before buying Pancat Cryptocurrency, do your due diligence and always invest what you are comfortable losing, as all investments are your responsibility.
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