The much-anticipated Slapdrop challenge by Catslap has officially concluded, with the winners set to be announced on the official Catslap website on January 14 at 11 AM UTC.
Catslap ($SLAP) is a revolutionary meme coin that allows all token holders to earn slap points simply by interacting with their favorite characters featured on the homepage. The mechanics are straightforward: the more slaps you give, the more points you accumulate.
The top 10 participants in this engaging challenge will each receive a $10,000 USDT airdrop. Even if you don’t land a spot in the top 10, rewards await as $SLAP tokens will be distributed based on your final position on the leaderboard.
In addition to the slap challenges, there was an intriguing twist: participants were encouraged to complete tasks on Zealy, a platform designed for brands to foster community through a task and reward-based framework. Catslap fans were invited to join the Catslap Zealy page, where completing both social and on-chain tasks resulted in accumulating Zealy points, which carry significantly higher rewards. Remarkably, one Zealy point is equivalent to 1000 slap points, enhancing the importance of task completion.
This dual point system means there are two competitive leaderboards: one based on slap points and another on Zealy points. As confirmed in communications from the Catslap team via Telegram, Zealy points will be converted into slap points to finalize the leaderboard on Tuesday.
It’s worth noting that while participants could use any EVM-compatible crypto wallet for the challenges, claiming rewards necessitates having a Best Wallet crypto address. Catslap has partnered with Best Wallet, allowing users to purchase tokens directly from this platform.
Is It a Good Time to Buy the Catslap Dip?
Catslap ($SLAP) launched on the MEXC exchange on December 6, achieving a remarkable high of $0.010546, yielding a phenomenal 251% return on the same day. Early investors enjoyed returns of up to 4x on their investments. However, since then, the coin has faced a notable decline of 68%, currently trading below its opening price on listing day, prompting consideration: is this the right moment to buy the dip?
Catslap stands out as a community-driven meme coin, launched directly on decentralized exchanges and competing against well-known tokens like $POPCAT. The start of 2025 has been promising, with a 45% gain in the initial week, indicating that there may be an opportune moment for new entries into this high-potential meme coin.
Several factors support this viewpoint: Catslap is slated to burn $1 million worth of $SLAP tokens on January 31, having already burned $1.18 million to date. Token burning effectively adjusts supply and can increase demand, thus influencing price positively.
Additionally, Catslap maintains an active buyback program, having repurchased $883,637.54 worth of $SLAP tokens from the market. Like token burning, this strategy also bolsters the asset price by regulating supply.
For token holders, there’s also an active staking program that offers yields of up to 30% APY on staked tokens.
Verdict – Onwards and Upwards for $SLAP
Overall, these indicators suggest a positive trajectory for this emerging meme coin. They reflect the commitment of the founders towards establishing Catslap as a leading player in the meme coin market. The community backing is robust, boasting more than 12,000 members on X and an engaged Telegram community.
Furthermore, Catslap has been audited by SolidProof and boasts a respectable TrustNet Score of 60.30, suggesting high trustworthiness within the Web3 arena.
$SLAP investors have already experienced returns of 2,360%, and it’s essential to recognize that the opportunity to buy Catslap at the current price of $0.002376 may not come around again.
However, it’s crucial to note that this is not investment advice. We strongly recommend conducting your own research (DYOR) before committing your funds.
