Over the last year, the crypto markets have experienced substantial growth, with all major cryptocurrencies hitting their peak prices.
Despite the bull run being a few months long, the crypto markets suffered a significant crash on May 19, which was one of the most significant crypto crashes in the past decade.
Despite this setback, many coins have since recovered. As a result of the success of cryptocurrencies, new coins are being introduced into the market every day, including the recently launched Catgirl Coin. Keep reading to learn more about this new crypto and how to purchase it.
What is Catgirl Coin?
Catgirl Coin is a new cryptocurrency based on Ethereum. Despite the name, this coin isn’t about cats. As their name implies, the coin aims to promote the “femboy” or “catgirls” community which shares interests such as catgirl cosplay and anime fandom.
The coin also strives to create a positive social environment for these individuals who feel marginalized or excluded from society.
The CATGIRL token operates on the Binance Smart Chain (BSC) and utilizes its technology to facilitate transactions. This grants developers the flexibility to build digital currencies on a blockchain that they can modify as they see fit. The token is primarily used in the non-fungible token (NFT) space.
NFTs function as a method for users to authenticate their virtual item ownership. With Catgirl, users can purchase and sell Catgirl NFTs, including those bundled in Catgirl mystery boxes. The rarity of an NFT determines its value, and owners can earn rewards based on its scarcity.
After acquiring an NFT, owners can stake it to earn interest, which will increase if the NFT is more unique. This functionality is currently in development but will be available shortly. The staked NFTs will earn interest in CATGIRL tokens, which are extremely volatile and may be worth nothing if the project fails.
Furthermore, Catgirl’s NFTs will also have applications in the Catgirl video game, offering a play-to-earn model where players can earn CATGIRL tokens. The game also aims to provide players with more options for customizing and accessorizing their NFTs.
Catgirl’s native token primarily serves as a speculative investment in cryptocurrency. However, the developers have implemented several measures to ensure these investments retain value.
How does Catgirl Coin work?
Catgirl Coin is an ERC20 token issued by Binance and is one of the most popular decentralized exchanges. The company’s native token is used to facilitate transactions on its exchange
Users can purchase general goods from the platform, including merchandise and NFTs. They can also spend CATGIRL tokens when purchasing items, earning interest on the tokens’ staking over time.
The transaction fee for buying and selling CATGIRL tokens is 0.1% per transaction. The more tokens you purchase, the lower your transaction fee will be.
Catgirl coin saw a significant price increase shortly after their token sale began. This was partially due to the increased demand for NFTs and the Binance announcement that they would develop a video game based on their coin.
Step By Step Guide To Buy Catgirl Coin
1) Open a Binance account:
The BNB Chain network offers multiple crypto wallets, but TrustWallet is the most fully integrated option. The TrustWallet Chrome extension can be downloaded through Google Chrome for desktop users. Mobile users can download the wallet from the Google Play or iOS App Store, provided it is available.
It is essential to ensure that you download the official Chrome extension or mobile app from the TrustWallet website to guarantee its authenticity. You must create a Binance account to purchase CATGIRL since it operates on the Binance Smart Chain (BSC).
The account registration process is simple and only requires an email and password. However, you must provide some basic personal information for account verification. Remember that not all financial institutions will grant you access to the crypto assets you want to invest in.
Once your account is verified, you can deposit funds through a bank transfer and use them to purchase Binance Coin (BNB). A wallet is necessary to complete the purchase of CATGIRL.
2) Download Trust Wallet or Metamask:
After creating a Binance account, you can deposit funds into your Binance account by sending ETH from another exchange. However, you will need a Trust Wallet or Metamask wallet to collect your CATGIRL tokens after the token sale ends.
TrustWallet is available as a web wallet and mobile wallet, while Metamask offers only a browser extension. You can download either wallet directly within the Binance platform.
A cryptocurrency wallet lets you store your crypto separately from a centralized exchange, providing various advantages such as enhanced security and access to decentralized finance (DeFi) features.
To obtain a wallet, download the program to your computer and create an account. After registering, you will be assigned a wallet address. However, adding the Binance Smart Chain (BSC) network to your wallet and obtaining the BSC wallet address is crucial.
These wallets are typically set to the Ethereum chain, so sending BNB to an Ethereum wallet would result in the loss of the funds.
3) Convert your BNB tokens:
After you purchase BNB tokens, you can send them to your Binance account. Once your ETH is on the platform, it can be used to purchase CATGIRL tokens directly from your wallet.
After obtaining a wallet with BSC, locate the address by selecting the “receive” option. With the wallet address, proceed to Binance and select the “send” option for your BNB position.
Input the wallet address and the amount of BNB to transfer, then execute the trade. Following this, your BNB will be stored in your wallet, and you are nearly prepared to purchase CATGIRL.
4) Secure your CATGIRL tokens:
You will need a TREZOR or similar NFT storage device to finish the purchase. While TrustWallet can be utilized to store your CATGIRL tokens, you will have to transfer them to your device so that they can remain secure.
The Catgirl Coin website states that a Binance employee is working on implementing the Catgirl Virtual Reality (CVRS) game into the platform.
5) Find the CATGIRL Token Sale:
Once you have deposited funds into your account, click on the Markets tab in the main menu at the top of the page. Click on BNB/CATGIRL to view all its trading pairs. The CATGIRL token sale is live, with a hard cap of $100 million. To view the crowd sale details, click on “Buy Catgirl.”
The transaction fee for buying and selling CATGIRL tokens is 0.1% per transaction. The more tokens you purchase, the lower your transaction fee will be.
6) Set up your TrustWallet:
Once the time for the token sale has expired, visit your Binance account and click “My Tokens” on the navigation bar. You can view your CATGIRL tokens by clicking “View” next to “Binance Coin.” Your Catgirl Coin will be available in your account shortly after.
7) Make your purchase:
Each platform operates differently, with some being more user-friendly than others. Purchasing crypto with a fiat currency like the U.S. Dollar is typically simpler than using another cryptocurrency.
If you must purchase Catgirl with another crypto, begin by establishing a crypto wallet that is compatible with Catgirl. Next, acquire the first currency and employ it to obtain Catgirl through your chosen platform.
If you encounter any obstacles, most platforms offer guidance. Alternatively, a lively community of crypto enthusiasts has likely created guides on platforms like YouTube, Twitter, and other sites.
8) Leverage Your Crypto and Get interested:
Now that you have your tokens, the next step will be to leverage them to the full extent of your cryptocurrency’s capabilities. For example, you can leverage them to secure an interest rate by depositing your tokens into a Smart Contract.
This is called a Maker position. On the other hand, if you want to withdraw your tokens and secure an interest rate for keeping the tokens in your wallet, that is the so-called Taker position. The DeFi infrastructure enables anyone to build a platform that supports crypto loans, lending, payments, etc.
9) Withdraw your CATGIRL coin:
Use the “Withdraw” link in your portfolio section to withdraw your tokens. This will make the transfer to Binance and complete the process. Once you have moved your CATGIRL using the Binance platform.
Is Catgirl Coin a Good Investment?
For those wary of investing in cryptocurrency, you may need help grasping what you are getting into. While stocks offer dividends, cryptocurrency is still largely a speculative investment. Businesses and governments would have to accept cryptocurrency as a legitimate payment to gain widespread adoption.
Since any USD value of crypto depends on this level of adoption, some people are more comfortable using a stablecoin like Tether than buying other coins directly.
This is one of the most popular reasons to invest in cryptocurrency. However, it is also important to remember that crypto is subject to the same volatility as fiat currencies, with some coins suffering even greater losses.
How to buy Catgirl Coin?
Catgirl Coin is currently trading on Binance’s decentralized exchange. Users must first deposit their Ethereum from an exchange supporting Binance’s smart contracts to purchase CATGIRL tokens. The platform is currently accepting ERC20 tokens, including CATGIRL.
After depositing your ETH into Binance, you can invest funds into the platform’s token sale. Catgirl has a hard cap of $100 million; its total supply is 1 billion tokens. Users can buy up to 0.1% of the total supply.
To participate in the sale, you must meet these criteria: Hold ETH in your Binance account. You must own at least 0.1% of the total token supply (currently ~6.5 million tokens) to contribute. You cannot contribute if you are under 18 or live in a country with restricted crypto-to-fiat exchanges (such as China and Japan).
Buy Catgirl Coins On PancakeSwap
To purchase Catgirl, follow these steps:
- Go to the PancakeSwap website.
- Choose BSC or BNB from the “From” slot.
- Scroll to the bottom of the page and click “Select a Currency.”
- Enter the Catgirl coin address (0x79ebc9a2ce02277a4b5b3a768b1c0a4ed75bd936) into the search bar.
- Set the slippage and enter the amount you want to purchase.
- Click the Swap button.
- Confirm your transaction.
- Once confirmed, the Catgirl coin will be visible in your wallet.
Buy Catgirl Coin on Coinbase
- Coinbase is an online platform designed to buy, sell, store, and transfer cryptocurrencies, including Bitcoin, Ethereum, and Catcoin.
- Purchasing Catgirl coin on Coinbase is a straightforward process. Firstly, you must create an account on the Coinbase website. Following this, you’ll have to link your bank account or debit card to your Coinbase account.
- Once the above steps are complete, you can search for Catgirl coin on the Coinbase website and place an order.
Buy Catgirl Coin on Binance
To purchase a Catgirl coin, you must create a Binance account first. You can then invest your ETH into Binance’s atomic swap-enabled decentralized exchange or do a fund transfer.
After depositing your ETH into Binance, you must purchase CATGIRL tokens through the “My Tokens” tab on the navigation bar. To purchase CATGIRL, you need to complete the following steps:
- Enter the “CATGIRL” token into the search bar on Binance.
- Select it from the drop-down menu and click “Buy CATGIRL tokens.”
- Enter your ETH address in the first box and click “Buy CATGIRL.”
Conclusion
Catgirl coin is a decentralized cryptocurrency based on Ethereum, meaning it runs on a blockchain. There are multiple online platforms, including Binance and Coinbase, where you can buy Catgirl coins. Additionally, you can link your crypto wallet to PancakeSwap to trade BSCs or BNBs for Catgirl coins.
If you’re considering purchasing Catgirl coins, we suggest researching beforehand to gain a complete understanding. Since the internet is rife with scams and fraudulent assets, it’s critical to know what you’re getting into before investing your funds.
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