What is NCAT cryptocurrency
Nurse Cat is a payment system aiming to change the blockchain’s typical payment stack. It uses a basket of stablecoins that is algorithmically stabilized by the NCAT assets to alleviate programmable payments and build public financial infrastructure.
|Maximum supply||1 000 000 00 000 000|
What is NCAT?
NCAT is a meme token created on BEP-20. NCAT is a project led by the entity via the Decentralized Autonomous Organization (DAO) smart contract. NCAT adheres to the basic principles of decentralization and freedom of choice.
NCAT cryptocurrency is a deflationary token. 4% of each transaction is distributed among holders, and another 5% is added to liquidity. This feature is not implemented on WhiteBIT, but the exchange offers users a commission of 0.1% and a user-friendly interface for quick trading.
How does NCAT work?
As it was mentioned before, Nurse Cat is a DAO project. A DAO is a community-driven entity without a central authority. Such projects are stand-alone and clear. It means that smart contracts lay down fundamental regulations, fulfill agreed decisions, suggestions, and voting can be subjected to a public audit.
Ultimately, the DAO is totally managed by its separate members, who together make all the crucial solutions for the project development.
By and large, entity members create suggestions for future work and then collectively vote. Then suggestions that reach a certain level of unanimity are admitted and applied according to the rules established in the smart contract.
A relatively similar hierarchical structure exists in huge corporations. Each particular member observes the protocol at some level.
What can you use NCAT coin for?
- For trading
You can try to make money on small but frequent price fluctuations by buying a token cheaper and selling it more expensively. On WhiteBIT, you can use 6 order types, as well as a completely free Demo Token, to practice trading and try out the exchange’s tools before using real money.
- To pay for goods and services
A growing number of businesses across various segments – from huge tech to airlines allow customers to use cryptocurrency as an official payment method for their products and services.
Hold the crypto on the exchange balance or in a crypto wallet, wait for the asset’s price to rise, and sell it at a higher price to earn.
Use the convenient and fast exchange tool, WhiteBIT Code, to transfer an asset to another user without any commissions.