CATS TOGETHER STRONG
I am Puss Presidente and I was chosen by the early community of Puss Token to gather together all cats and their owners, fulfilling the mission of bringing them to the place on the top crypto ranks they deserve. To lay lasting foundations for a truly decentralized community for generations to come.
Puss Token initiated with a strict goal in mind, to prove that cats are the real, unstoppable force that will one day take over crypto. A community-made, -inspired and -run notion that will make waves in spacetime, having a chance to make a dent in the consciousness of billions of people. As the ancient Crypto-Twitter proverb says “change happens slowly at first, then all at once.”
Let me present you with the concept of $PUSS and PussDAO that I have been working on together with a team of seven wonderful, committed cats — $PUSS core team members.
Great things come from humble beginnings.
It all began with a simple discussion on a cat-related subreddit . From a modest cat thread, shaping up to be ordinary, online talk, it escalated quickly into a discussion in full bloom. We agreed that it’s high time to create some fresh value in the crypto space dedicated to our favorite animals.
The ideas started flying around, the concept deemed solid, so we decided it’s a high time to turn $PUSS into reality.
It’s basically a community-made initiative for a token inspired by the fact that the cat revolved community has no influence over crypto. Ladies and gentlemen, we’re here to prove that a simple online initiative can spark the massive chain reaction all feline animals around the world are waiting for.
A bunch of anons meandering on reddit, that saw the bigger picture.
The real, community-led black hole is about to be born, that absorbs all the hype, fun, attention and money from crypto meme space into $PUSS vacuum, to never, ever let it away.
Some numbers first.
Cats speak in numbers, there are more cats in the USA, China and Russia combined than dogs. In each of the three biggest countries worldwide mentioned, cats are clearly more popular than dogs. Although there are more dogs than cats kept as pets on a global scale, cats make up the second biggest population of pets by a wide margin. In some U.S. families there are more cats than children. (source)
Cats are clearly trending. In 2019 our feline friends outnumbered dogs for a second year straight as pets in Japan. (source) According to some different sources, “Cats” is one of the most popular search keywords on the Internet. Accounting for more than 26 billion views on YouTube makes them one of the most popular categories on the site. (source)
The potential to connect together feline lovers and tokenize the influence of community is barely scratched and almost unlimited. Somebody has to put a paw on it. Hope you’re as excited as we are.
Cats ATH incoming
Community long, but not strong
Cats’ friends and enthusiasts are scattered, disconnected posting mostly cat pics, videos and tips on instagram, tiktok and reddit. Thanks the stars, there is some quite impressive cat charity and philanthropy action going around, but nothing engaged, scaled and organized enough to think that we couldn’t take it one step further.
This situation resembles puzzle pieces yet to be put together. What if the pro-feline crowd tighten and strengthen bonds, revolving around a sound cryptocurrency concept? What happens when cats have the same engagement and following in crypto as projects based on dogs memes?
That proper incentivisation mechanisms at play can work wonders to attract and engage more and more users, letting the domino effect go further down the line. Bitcoin did it, Ethereum followed suit. Many other crypto communities were able to pimp up their ecosystems then to mirror their predecessor’s success as well: Yearn Finance, Compound, Sushi vampire attack on Uniswap, Safemoon and yes, even DOGE and SHIB. Now it’s turn for $PUSS.
Blockchain applications have evolved lately to completely mind-blowing levels that can push the frontiers of what communities can achieve with crypto even further. The ideas/ frameworks we’re deeply fascinated with are reflection mechanism and web3 toolset that allows us to create enticing tokenomics for a present-day community needs.
While two dogs are fighting for a bone, a cat runs away with it.
Shiba and Doge live up to their fame largely due to the price increase caused by ever growing user base. Yet they don’t have many other mechanisms to capture and retain value different from dumping on the next buyer to come. What will happen when the games of musical chairs finally stop and there are no more people to buy dog mascot coins from their holders?
Technically you can say SHIB and some other INU clones attempt/strive to build a diverse ecosystem of blockchain applications, which allows for different use-cases and build the demand for the coin, but again the game of musical chairs is ruthlessly favoring early entrants and produce numbers of bagholders later on.
PussDAO aims to take things in slightly different directions, allowing for value accrual in several ways, facilitating sustainable long term growth of a token and its ecosystem.
First, the built-in reflection mechanism aims to reward holders with a tax from each transaction on $PUSS, which is calculated proportionally to the balance of the token held on a decentralized wallet and sent automatically and instantly to their address. This makes the token attractive for strong hands and possibly discouraging to market dump/ market sell the tokens (too often). Taxes are subject to change with time, see the tax schedule here.
Another 1% from each transaction on $PUSS supply the charity wallet. The more transactions are being made, the bigger the difference $PUSS makes on a cat charity landscape.
With web3 tools like Decentralized Autonomous Organization (DAO) the individual’s voice can be magnified by voices of other like-minded people. The single trader purchasing power may be combined together with funds of other members of the community to start a massive acquisition unit. Such a syndicate uses shared treasury to buy million dollars worth NFTs or physical items like rare, scarce paintings.
In essence, what one can do on its own, can be leveraged together with Decentralized Autonomous Organization. $PUSS soon to be started charity donations can be distributed according to the will of PussDAO members that hold more than 50% of votes.
By the same rule participants can decide how to:
- develop the cat philanthropy fund (charity practice, education, research)
- retain and increase value of the treasury (DEFI/ Staking)
- diversify assets held in the treasury (stablecoins, crypto, NFT, metaverse items, real world goods)
- increase the usage of the $PUSS (mobilizing efforts and treasury for voting $PUSS on different platforms, building products / DApps)
$PUSS is a token to unlock all the value coming from the Puss ecosystem.
Creating the biggest community of cat owners and fans with the use of web3 tools, like DAO, that facilitate the transition to a truly decentralized one is our bold path, which no one has ever gone before, the main reason why $PUSS has been brought to existence.
(Very) long term vision
Before $PUSS becomes the leading cross-galactic blockchain settlement layer and be the main medium of exchange in the brain-computer interface interconnected world we have to establish a solid groundwork for long term viability of $PUSS first.
We’re not marrying BSC till death do us a part, but we like the next to zero cost that a user has to put on the line to get some $PUSS. We strive to be blockchain agnostic in the future, it was foretold long ago that the future is multichain.
$PUSS will be possibly bridged to many different chains and the community will decide which one is next after BSC. Opening for diverse pools of profit hungry traders/(degens) and cat-minded individuals is a nice perspective though. Decentralized community success depends on chain diversification and blockchain system resilience. This is the way.
Reflection mechanism is quite known in the Binance Smart Chain world, $PUSS being no exception here. How we really differ from other projects is that in the long run, after 18 months from PUSS conception, we are able to keep the reflection tax really low, on 1% level in total, ensuring a healthy exchange rate between the community members and its new entrants in the future. To become the global meme reserve currency we have to take the velocity of money very seriously. Links: wiki investopedia
It’s tempting for projects to increase reflections to a bigger percent, but each additional percent discourages token universal usage and adoption and causes problems down the line. That’s why $PUSS decides to remain low on reflections in the long-term. This may positively affect our future possible partnerships with the off-chain world (e-commerce, brick and mortar businesses).
Later on, it will be more beneficial for long-term holders to collect 1% reward from transactions when the community is huge and token usage frequency high, than to get even 8% from each operation on a token but on orders of magnitude smaller and less used network, which we expect at the beginning, when the token adoption is lower.
The beauty of $PUSS is that it will evolve with time, according to the will of the community. We can become a leading pro-cat organization in the milky way/ galaxy if the community of $PUSS chooses so and passionately work (alongside us) towards it. Of course on a timescale long enough ;)