CatBoy is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of CatBoy are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review CatBoy token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
What is CatBoy?
Catboy is a community led NFT project, founded and built, by comic, manga, anime, and pet lovers. This token is a symbol of the spirit, cohesion, and sharing of memes, manga and comic loving communities around the world. Besides building a strong community. Catboy cares about the real value that the project brings. Bringing Catboy merchandise, a Catboy NFT marketplace, and building a worldwide network of users to donate to feral cats and support struggling cat owners. Catboy has three different NFT editions which are available on CatBoys own dapp.
Besides mystery boxes with Founder Edition NFT’s which contain their own rarity levels, the NFT’s can be staked in the NFT staking platform to passively earn Catboy tokens. All NFTs can be bought, sold or transferred on the Catboy Marketplace. The revenues of the mysteryboxes which happen with the Catboy token have a deflationary effect on the supply, which enables a redistribution through staking, but gives the project the possibility to create burn events to tighten the supply.
There are 100,000,000.00 CATBOY in supply worldwide.
Pros and Cons of CatBoy
Pros of CatBoy
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Binance Smart Chain
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – CatBoy
Cons of CatBoy
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is CatBoy Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, CatBoy have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is CatBoy Safe?
Being willing to invest in any token is a question entirely up to you to answer. CatBoy token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about CatBoy on the comment section below. Don’t forget to rate and leave CatBoy a review.