Binance Smart Chain (BSC) has fostered a lot of great crypto projects. Many communities have formed around this new chain to benefit from its features to get profitable trades and interaction.
NCAT Token is a new project that focuses on redistributing tax earnings among all holders. The protocol is completely open and decentralized. To increase trust, the developers burned their own tokens publicly, so they wouldn’t have any advantage over other investors.
The NCAT protocol follows a very simple model. All transactions have a 9% fee, which every sender must pay in order to process it. This is set to prevent dumps in case of a quick rise in the price of the token.
4% of that fee is paid to every holder, so investors earn tokens by holding and the value of NCAT continually rises with every transaction. The other 5% goes to the Liquidity Pool, so every transaction increases the liquidity of the token.
The burn address, which currently holds 4.41% of the total supply, also gets the 4% reward, so the token’s scarcity grows daily, driving the price upwards.
The NCAT team is planning to introduce a DAO, so the governance of the project is even more decentralized and all the community can vote on the future of the project.
They currently have several language specific groups from all over the world, to welcome everyone to be a part of the community.
NCAT Token is already listed on CoinMarketCap and Blockfolio, less than a month after it’s launch. You can trade it on PancakeSwap and hold the tokens in your BEP-20 custom token wallet through interfaces, such as Trust Wallet and MetaMask.
NCAT Lambo giveaway
This week, the NCAT Token community announced what is their biggest giveaway so far.
Investment firm Alpha Capital, along with NCAT team, is giving away a Lamborghini Huracan or 350,000 USDT to one NCAT holder.
The winner must follow these steps:
1. Follow NCAT Token on Twitter
2. Follow Alpha Capital on Twitter
3. Follow Alpha Capital Newsletter on Telegram
4. Retweet the NCAT Lambo Giveaway Tweet with #NCATLambo and #AlphaLamboHold a minimum of 100 Billion NCAT and join the Collab.land Telegram bot proving you hold the minimum requirement
Participants receive one raffle ticket for every 100 Billion NCAT they hold.
Once you enter the Collab.land Telegram bot proving you hold at least 100 Billion NCAT you can buy additional NCAT at any time to add on to your entries. However, you cannot sell any of your tokens during the challenge, as it will disqualify you from the contest.
The winner will be announced on May 6th, or when NCAT reaches 250 million dollar market capitalization. The winner must burn the 100 billion tokens they used to participate.
This way, NCAT encourages users to buy and hold, preventing dumps and keeping the price rising. Although it might be lower some days, there is a general upwards trend.
These profitable projects are only possible in the BSC, thanks to its low fees and quick transaction times.
If you want to stay up to date with the best projects in the BSC ecosystem, follow BSCPromotions on Twitter and join our Telegram channel, where you’ll be the first to know about new projects and giveaways.
DISCLAIMER: This does not represent financial advice and we are not responsible for any action regarding this project. You must do your own research and make your own decisions before investing in any token.