Move over DOGE as Tiger King star launches CAT

Dogecoin’s status as the top memecoin may be (but almost certainly isn’t) under threat following the news that controversial Tiger King star Carole Baskin has launched her CAT coin.

In a blog post via Baskin’s non-profit Big Cat Rescue on May 4, she revealed her social token had been launched on Rally, an open network that enables creators to launch their own coins on the Ethereum blockchain. However, she emphasized her coin is not an investment tool, it’s actually a terrible pun:

“Our new $CAT coin is not a currency for investment, but rather is a purr-ency of our fans to show their love for the cats and to reap the benefits of being our most forward-thinking partners in creating a world where all wild cats live free.”

However Baskin’s interest in cryptocurrency seems to have some basis to it, with the reality TV star explaining she had concerns surrounding money printing fueled inflation and that: “I like the idea of putting the power of money in the hands of the people, rather than banks and governments.”

Despite her newfound bullishness, Baskin appears to have misunderstood the different attributes of Bitcoin versus many altcoins as she said: “At this point, both the USD and Bitcoin are fiat currencies, but at least Bitcoin and other altcoins have scarcity built in and now there is much more broad adoption of them in our everyday lives.”

Baskin’s CAT currently has 123,600 coins in circulation and is sitting at a price of $8.20 per coin. Since launch, $CAT has seen 492 transactions, with a total USD support volume of $206,000.

Holders of CAT will be eligible for rewards such as “elite access to LIVE walkabouts and conversations with Carole Baskin and her crew of big cat lovers and keepers, discounts and first access to new merchandise and activities.”

Baskin has teased future plans for the CAT community, which include shared access to big cat metaverse world called ARzoo, a virtual reality collectible game called Big Cat Rescue VR and a new set of unspecified, but presumably cat-centric NFTs set to drop in two weeks.

This is not Carole Baskin’s first move in crypto. In April last year, she began accepting donations in Bitcoin, Bitcoin Cash, and Ethereum via Bitpay.

It is yet to be seen if her arch-nemesis Joe Exotic or better known as the Tiger King has woken up to the significance of blockchain technology behind bars.

Move over DOGE as Tiger King star launches CAT

Source

Related Articles

GriftHorse Android Trojan Steals Millions from Over 10 Million Victims Globally

Research and writeup by Aazim Yaswant and Nipun Gupta With the increase of mobile device use in everyday life, it is no surprise to see cybercriminals targeting these endpoints for financial crimes. Zimperium zLabs recently discovered an aggressive mobile premium services campaign with upwards of 10 million victims globally, and […]

The post GriftHorse Android Trojan Steals Millions from Over 10 Million Victims Globally appeared first on Zimperium Mobile Security Blog.

Best of Both Worlds: Integrating Zimperium Mobile Threat Data into Microsoft Sentinel Cloud-Native SIEM

While leading organizations are actively protecting mobile endpoints, security teams haven’t had clean and scalable ways to integrate and correlate threat data with other parts of the security infrastructure. But that is changing. I recently hosted a webinar with David Branscome, Senior Cloud Solutions Architect, Microsoft and our very own Kern Smith, Vice President of … Read More

The post Best of Both Worlds: Integrating Zimperium Mobile Threat Data into Microsoft Sentinel Cloud-Native SIEM appeared first on Zimperium Mobile Security Blog.