Gate.io AMA with Wiki Cat-A Token on the BNB Smart Chain for Teaching People about Cryptocurrencies

Time: Dec 8th, 2023 at 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Sir Mapy,Creator & Community Head at Wiki Cat in the Twitter Space.
Official Website: https://wikicatcoin.com/
Twitter: https://twitter.com/WikiCatCoin
Follow Wiki Cat on Twitter and Telegram

Guest

Sir Mapy — Creator & Community Head at Wiki Cat

Q&A from Gate.io

Q1: Tell me about Wiki Cat, and how it all began?

Wiki Cat began as a unique project created by Sir Mapy for the SMC DAO. It was designed to serve as a tutorial token with a deflationary mechanism. The primary goal of Wiki Cat is to educate people about cryptocurrencies in a way that’s light, fun, and accessible. The project stands out due to its focus on knowledge dissemination, aiming to simplify the understanding and adoption of cryptocurrencies for a broad audience. The creation of Wiki Cat was inspired by the need to make learning about digital currencies less intimidating and more engaging.

Q2: How was Wiki Cat able to come out the strongest during the vote to list on competition for Gate.io that saw you beat out 20 participants and what was the experience like for you?

Wiki Cat’s triumph in the Gate.io listing competition, where it outperformed 20 other participants, can be attributed to its strong community support and unique market positioning. The project’s educational focus and commitment to creating a user-friendly platform resonated with a wide audience. The experience was exhilarating and reaffirming, as it demonstrated the community’s belief in Wiki Cat’s vision and potential. The success in this competition was a significant milestone, reflecting the project’s growing recognition and credibility in the crypto space.

Q3: How does Wiki Cat Coin’s tokenomics and utility contribute to its unique positioning in the market?

Wiki Cat Coin’s tokenomics includes a 2% tax on every transaction, where 1% is burned, reducing the circulating supply over time. This continuous burning mechanism contributes to the scarcity and potential value increase of the token. The maximum supply is set at 1,000 trillion tokens, with a significant portion immediately sent to a burn wallet. The token’s utility extends beyond just transactions; it also provides governance rights in SMC DAO, access to premium features, and eligibility for rewards and staking. This multifaceted utility positions Wiki Cat uniquely in the market, appealing to both educational enthusiasts and crypto investors.

Q4: How does Wiki Cat Coin ensure the security of its smart contracts, and are there regular audits to identify vulnerabilities?

Wiki Cat Coin places a high priority on the security of its smart contracts. To ensure the integrity and safety of these contracts, regular audits are conducted by reputable third-party security firms. These audits help identify and rectify any vulnerabilities, thereby preventing potential exploits. Additionally, the project adheres to best practices in smart contract development and maintains a proactive stance on addressing any security concerns. This commitment to security builds trust and reliability among users and investors.

Q5: As a founder, we are aware you recently went on a break, run us through what was going behind the scene?

As a founder, taking a break was essential for personal and professional rejuvenation. Behind the scenes, this period was utilized for strategic planning and reflecting on the project’s direction. It involved assessing the project’s progress, identifying areas for improvement, and planning for future expansions and enhancements. This break also provided an opportunity to gather feedback from the community and the team, ensuring that the project remains aligned with its core mission and user expectations upon return.