The Cat Token is not an investment
According to Carol Baskin, the token is not intended as an investment. It is therefore not an alternative to Bitcoin. So you can see it more as an equivalent to the Dogecoin. Dogecoin is considered a kind of “fun bitcoin”.
Carol Baskin writes in her blog that the CAT token is neither a currency nor an investment. According to her, this is a “purr-ency” that is the first of its kind – a fan token for supporters of her animal welfare organization Big Cat Rescue. She chose cryptocurrency because she is concerned about the volume of US dollars being printed and distributed without backing them.
The word “Purr-ency” is a combination of “currency” and “purr”. This is best translated into “purring currency”.
Tip: Im free finanzen.net zero depot1 you pay neither order fees nor costs for account or custody account management. In addition to Bitcoin, Ethereum and Litecoin, you can also buy numerous other cryptocurrencies there, e.g. B. Cardano, Polkadot, Ripple or Solana (as ETP).