In early 2024, Catwifhat gained popularity as a deflationary meme within the Solana community. It conducted airdrops to over 1,300,000 holders, following the success of the meme dogwifhat . By employing a burn fee with Solana Token Extensions, 4% of $CWIF is automatically burned from each on-chain transaction.
- Deflationary Mechanism: The project imposes a 4% transaction fee on its token and burns all fees collected. Within the first six months, 54% of the total token supply has already been burned.
- Marketing and User Acquisition: Catwifhat actively engages in luring new users through airdrops. In a significant airdrop on the Solana blockchain, over 1.3 million token holders participated.
CWIF's total supply and circulating supply both amount to 35,380,000,000,000.
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