What is Wiki Cat?
Wiki Cat is a digital currency on the internet that aims to teach people about understanding and adopting cryptocurrencies.
Just like any regular currency such as US dollars or Nigerian Naira, Wiki Cat too is a cryptocurrency that anyone can use for accepting payments for goods and services.
For anyone trying to adopt digital payments for their goods and services they offer, cryptocurrencies can be very technical and difficult to understand and this is why the idea for Wiki Cat was created.
By introducing the world to cryptocurrencies in a light, fun and less serious manner, we believe more people can begin to learn more about this new and exciting type of financial system.
How was Wiki Cat created?
Wiki Cat was created on Sunday, 20 March, 2022 by Sir Mapy for his community called SMC DAO as a way to teach his members more about the world of cryptocurrencies.
It was created on the BNB network with a maximum supply of 1,000 Trillion tokens, 30% of which was immediately sent to a burn wallet never to be recovered while the remaining 70% was made available for buying and selling on pancakeswap.
The ownership of Wiki Cat has been renounced. This means that the creator has no control over the engine of Wiki Cat to make any changes or modification to it, making it truly decentralized.
The liquidity pool has also been locked forever. This means that the pool of funds which makes it possible for anyone to buy and sell Wiki Cat can not be accessed and removed, making it safe to trade in and out.
Tokenomics
The tokenomics of a token basically means the economics of the token.
This often includes, the tax charged on every buy and sell, the supply of the token and how it is distributed among all the holders, how many of the token supply have been burnt out of circulation as well as any other variables relating to the token that affect the value of the token.
1. Tax:
If you’re buying or selling Wiki Cat, expect a buy tax of 2% and a sell tax of 2%. What this means is that 2% is charged on any amount of Wiki Cat you buy or sell.
From this 2% tax charged on every transaction, 1% tax of the Wiki Cat you bought goes to the burn wallet never to be recovered while another 1% tax of the Wiki Cat goes to the fee wallet which is used to fund development of the ecosystem.
2. Max Supply:
The Max supply of Wiki Cat tokens created was 1,000 trillion (1,000,000,000,000,000 WKC). This is before any tokens were burnt. It is important to note that no new Wiki Cat tokens can be minted to add to the existing supply.
Link to creation hash:
https://bscscan.com/tx/0x82846fec3a3f759af80450b1d23dca6f2344ffd0e9776a908c32e49fb5c22e21
3. Burn:
After creating Wiki Cat, 30% of the total supply totalling 300 Trillion (300,000,000,000,000 WKC) was sent as our first burn to a dead wallet address never to be recovered anymore.
Proof of Initial Burn:
Auto burn feature:
Besides the initial burn of 30% totalling 300 Trillion, Wiki Cat has an auto burn feature that burns 1% of every transaction whether it’s a buy, sell or transfer.
This has further allowed Wiki Cat to burn an additional 12.4% totalling (124,000,000,000,000) out of circulating supply.
4. Circulating Supply:
Due to the continuous burn that goes on with every WKC transaction, the circulating supply is always reducing. Making Wiki Cat more valuable and scarce over time.
The higher the frequency of transaction volume that occurs, the more Wiki Cat is burnt and taken out of supply and the more scarce and valuable it becomes.
As it stands at 10:42am on the 26th of March 2023, the circulating supply of Wiki Cat is 576 trillion tokens (576,000,000,000,000 WKC).
A good website to track Wiki Cat circulating supply is with livecoinwatch using this link below.
https://www.livecoinwatch.com/price/WIKICAT-WKC
5. Token Distribution:
True to its creator’s values, a fair launch approach was taken as no presale was done, neither was any tokens vested, locked or reserved for anyone, as well as no prior announcement was made before it was created.
It was launched fairly and even the creator had to struggle with everyone else on the open market to buy back some Wiki Cat tokens when to his surprise the token went viral and from an initial market cap of $700 to $150,000 in less than 48 hours.
Liquidity Pool
Liquidity is basically what makes a coin or token swappable. While the “Liquidity pool’’ is a pool where the liquidity is kept.
This means that for you to buy Wiki Cat, you will have to swap your BNB coin for Wiki Cat using the liquidity pool.
This is because Wiki Cat is a coin created on the BNB network, so therefore the liquidity pool must also be created using BNB.
It’s the reason why you swap BNB for Wiki Cat when you want to buy or sell from the liquidity pool.
Locking the funds in the Liquidity pool of a token from anyone including the owner is a good sign to investors that the pool is safe to swap your bnb for when you want to by Wiki Cat or swap Wiki Cat back to BNB coin when you want to sell Wiki Cat.
If the liquidity pool is not locked, this means that the developer of the project can take out all the BNB coins leaving everyone trying to swap between Wiki Cat and BNB stranded.
The liquidity pool for Wiki Cat was locked on Sunday, 20th March, 2022 immediately after Wiki Cat was created using Unicrypt platform.
The pool was locked for a duration of 2 years which is till 27th march, 2024 and immediately it unlocks on that day, it will automatically burn to a dead wallet forever and ever.
Proof of Locked Liquidity
https://app.unicrypt.network/amm/pancake-v2/pair/0x933477eba23726cA95A957cB85dBB1957267EF85
Ownership
The ownership of Wiki Cat has been renounced by Sir Mapy. What this means is that the creator or owner of the token has permanently relinquished their control and any rights to the token.
This is typically done by transferring ownership to a burn address or a smart contract that has no associated private keys or controllers.
Firstly, it means that the creator or owner of the token can no longer make changes to the token, including modifications such as increasing the tax, printing more coins, blacklisting anyone’s wallet from buying or selling Wiki Cat as well as pausing trade on Wiki Cat.
This ensures that Wiki Cat remains totally decentralized and independent of any individual or entity.
Overall, renouncing ownership of Wiki Cat has helped to establish trust and credibility as well as provide greater transparency and security for holders, as it removes the risk of the creator or owner engaging in malicious behaviour.
Proof of ownership renounced:
https://www.bscheck.eu/bsc/0x6ec90334d89dbdc89e08a133271be3d104128edb
ROADMAP
PHASE 1
- Fair Launch
- 500 Holders
- 2000 wallet Transactions
- Website launch
- Contract Auditing
- 1000 organic Telegram and Twitter members
- White paper creation
PHASE 2
- CoinMarketCap & Coin gecko listing
- 5,000 telegram members
- 2,000 holders
- Creation of community Mega wallet
- Listing on a centralised exchange
PHASE 3
- 20,000 telegram members
- 12,000 holders
- Large influencer marketing
- Project review
- Website redesign
- Meme development
PHASE 4
- 70,000 holders
- 100,000 telegram members
- Launch of WikiCat Market website
- Launch of WikiCat app
- Increase marketing
- Partnership announcement
- More Listings on a centralised exchange
PHASE 5
- 200,000 holders
- Wiki Cat Merchant App for easy payments of goods and services.
- $1,200,000 in donations for funding crypto education in rural Africa
