AMA Recap — CatSolHat x SolanaVolunteersDAO
Host: SolanaVolunteersDAO
Guest: CatSolHat
AMA Recap
Host:
Welcome, everyone, to SolanaVolunteersDAO’s first AMA! Today, we’re thrilled to have CatSolHat’s founder with us. CatSolHat has been making significant waves in the Solana ecosystem, and we’re excited to dive deeper into their project, roadmap, and future plans.
For those new to the project, CatSolHat is a meme-coin with a strong focus on utility and community-driven growth. Let’s kick things off with some questions to learn more about what makes CatSolHat tick!
Hello bro, @thecatsolhat, how are you doing today?
Guest:
Hi everyone, I’m doing great and thrilled to be here. I’m the founder of CatSolHat, and you can call me The Cat. I’m looking forward to today’s AMA and hope you all enjoy it. Just a quick reminder, in addition to the 5 questions from Solana-volunteersDAO, the CatSolHat team will also choose 7 questions from the community to answer. Each selected question will earn the winner 1,000 SOLCAT (~$17).
Host:
That’s incredibly generous! A big thank you to the CatSolHat team for these community rewards.
Please note that at the end of each answer, you should type “END!” to indicate that you’ve finished your response. This will help me know when you’re done, so I can proceed to the next question.
Now, let’s dive into our first question — are you ready?
Guest:
Absolutely, let’s get started!
Host:
Question 1: Can you give us a brief introduction to the CatSolHat project and its core mission?
Guest:
CatSolHat is a multi-utility meme coin that blends the playful spirit of memes with the innovative potential of cryptocurrency. Our token features a savvy cat wearing a Solana hat, symbolizing our connection to the Solana blockchain and our commitment to cutting-edge technology.
With $SOLCAT, you’re not just investing in a meme coin — you’re joining a vibrant community and embarking on exciting adventures in the crypto world. We host a variety of fun events, contests, and campaigns to keep our community engaged and entertained.
But $SOLCAT isn’t just about fun; we’re focused on creating real value for our holders. We’re constantly developing new features, forging partnerships, and expanding the use cases for our token. Whether you’re a crypto enthusiast, a meme lover, or both, CatSolHat offers something special for everyone.
Host:
Great! Let’s move to the next question.
Question 2: Your roadmap seems quite comprehensive. Can you walk us through some of the key milestones you’ve achieved so far and what’s coming up next?
Guest:
Absolutely, you’re right — we have a comprehensive and promising roadmap, which everyone can check out here: https://catsolhat.com/#roadmap
Our roadmap is divided into four phases, and we’ve already completed phases 1 and 2, hitting some important milestones along the way:
- Website, social media launch, and DEx listing
- Meme contest and initial marketing campaigns
- Listings on CoinGecko & CoinMarketCap
- Airdrop to active Solana wallets
- Partnerships with top projects like AssetDash, Lamas Finance, and TinySPL
- Launch of the Airdrop Claiming site for mass airdrops
- Launchpad for memecoins
- Add-Sol-Hat website launch
- $SOLCAT integration with other projects: SICBO game
Looking ahead to Phase 3, we have some exciting developments on the horizon, including:
- Top-tier CEx listing
- SOLCAT staking
- Launch of SOLCAT DAO operations
- Mr. Moon NFT collection launch
There’s a lot to look forward to as we continue building and expanding the CatSolHat ecosystem!
Host:
Wonderful, I see a promising future for the CatSolHat project.
The next question — Question 3: You mentioned that “SOLCAT isn’t just about fun; we’re focused on creating real value for our holders.” Could you clarify this by addressing all the utilities of the SOLCAT token?
Guest:
Of course! While SOLCAT started as a meme coin, we’ve built in a variety of utilities that add real value for our holders. Here’s a breakdown of the key utilities of the SOLCAT token:
- Launchpad Token: SOLCAT holders get early access to promising memecoin projects on our launchpad, with opportunities for significant returns on investment. Plus, holding SOLCAT can earn you free tokens from initial airdrops.
- Play-to-Earn DApp Game (SICBO): Holders can use SOLCAT to play the SICBO game, where they can win more tokens. Additionally, 1% of the profits from each win are burned, increasing the token’s scarcity.
- Liquidity Farming: With high daily volume, SOLCAT holders can add liquidity and farm rewards on DEx platforms like Raydium, Orca, and Meteora. For more efficient farming, you can also provide concentrated liquidity through Hawksight.
- Staking (Coming Soon): We’re launching a staking feature that will allow holders to earn SOLCAT interest and gain Launchpad Credits (LC) needed for participating in future launchpad projects.
- Governance (Coming Soon): In the future, SOLCAT holders will have the power to vote on which projects should be listed on the CatSolHat launchpad, giving them a direct say in the project’s direction.
- NFT Drops and Whitelists (Coming Soon): We’re planning to launch the Mr. Moon NFT collection, and top SOLCAT holders will have the chance to receive NFTs for free or at a discounted price through whitelist access.
These utilities ensure that SOLCAT is much more than just a meme coin — it’s a token with real, tangible benefits for its holders, and we’re continually expanding its use cases as we grow.
Host
Awesome, I might just have to grab a bag of SOLCAT after this AMA.
Just kidding — let’s move on to the next question!
Question 4: Development can be challenging, especially in the crypto space. Could you share some insights into your development process and tell us more about your most important product right now?
Guest:
Certainly! SOLCAT stands out from other meme-coins by focusing not just on meme culture but also on developing web3 products to enhance SOLCAT’s utility and benefit our holders. One of our key products is the CatSolHat launchpad.
CatSolHat Launchpad Overview:
Phase 1:
We incubate and introduce projects to the CatSolHat community without a presale. SOLCAT holders automatically receive airdrops from these projects directly to their wallets. Eligibility requires holding at least 1000 SOLCAT, with higher holdings leading to more airdrops.
Phase 2:
Similar to Phase 1, but users must claim their airdrops via our Airdrop Dashboard within 7 days, or the unclaimed tokens will be burned.
Phase 3:
We introduce staking, offering flexible and locked options. Stakers earn Launchpad Credits (LC), with 1 SOLCAT staked equaling 1 LC. Locked staking offers higher yields and LC multipliers. Airdrop eligibility starts at 1000 LC, with no presale.
Phase 4:
This phase introduces presales for memecoin projects in two rounds:
- Round 1: Requires 1,000 LC for discounted token access.
- Round 2: Airdrops the remaining tokens from Round 1 among eligible users.
Phase 5:
We aim to receive multiple submissions for meme-coin presales each month. A voting system will allow stakers to choose their favorite projects, with the highest LC votes determining the project of the month.
This launchpad is a crucial part of our strategy to add real value to SOLCAT and keep our community engaged.
Host:
Great, I really like the idea behind your launchpad.
Now, for our final question — Question 5: As you look to the future, what are some of the biggest challenges and opportunities you anticipate for CatSolHat, and how do you plan to tackle them?
Guest:
That’s a great question.
One of our biggest challenges is navigating the fast-paced and unpredictable crypto market. To tackle this, we’re building a strong, resilient community and staying agile by continuously innovating and adapting to changes. Maintaining a balance between growth and quality is also crucial, and we plan to achieve this by carefully selecting projects for our launchpad and being transparent with our community.
On the opportunity side, we see immense potential in expanding SOLCAT’s utility. With features like staking, governance, and NFT drops on the horizon, we’re positioning SOLCAT as a versatile token with real value. Our partnerships within the Solana ecosystem also open doors for more integrations and collaborations.
In short, we’re focused on turning challenges into opportunities and creating a thriving ecosystem where our community can benefit and grow with us.
Host:
Great! That’s all the questions from Solana-volunteersDAO. Honestly, you answered them exceptionally well! Now, we’ll move on to the four questions selected from our announcement on X. Remember, each selected question wins 1,000 SOLCAT.
I have the four questions provided by the CatSolHat team, so I’ll drop them one by one, and you will answer them. Sounds good?
Guest:
Sure! Let’s do it.
Host:
Question 6 (from @chukky10z): What criteria will be used to determine the eligibility threshold for SOLCAT holdings and LC in future phases, and how might these thresholds evolve as the launchpad progresses?
Link: https://x.com/chukky10z/status/1824406748955906469
Congrats, fam!
Guest:
Good question!
To participate in airdrops or presales on our CatSolHat launchpad, users need to hold SOLCAT or stake it to earn Launchpad Credits (LC) after staking is launched. The eligibility thresholds for SOLCAT holdings and LC aren’t fixed — they’ll change over time based on:
- SOLCAT Price: If the price of SOLCAT rises, we’ll lower the threshold to ensure everyone has a fair chance to participate.
- Allocation Size: The threshold will adjust based on the allocation size of the airdrop or presale. Larger allocations mean a lower threshold to allow more participation, and vice versa.
- Community Growth: As the CatSolHat community grows and gains more visibility, we may increase the threshold to enhance competitiveness. This approach will boost SOLCAT’s value, as people will need to acquire more SOLCAT to join the launchpad.
Host:
Question 7 (from @EricaParke39886): How are the proceeds from the guessing games in your community handled?
Link: https://x.com/EricaParke39886/status/1824118955889602745
Congrats, fam!
Guest:
The guessing game you’re referring to is likely the SICBO game, a guessing DApp developed by our partner, Pocat. In this game, SOLCAT holders can use their tokens to play and win if they guess correctly. For each win, 1% of the user’s profit goes to the SICBO treasury to cover infrastructure costs, and another 1% is burned (the user earns 98% rest). This means that the more people play, the more SOLCAT gets burned, increasing the token’s scarcity.
Host:
Question 8 (from @_ismailsebaa): I’m curious about the details behind the adorable cat featured in all the SOLCAT advertising pictures.
Link: https://x.com/_ismailsebaa/status/1824403515713769766
Congrats, fam!
Guest:
Interesting question!
The savvy cat wearing the fabulous Solana hat in our branding is named “Moon”. He’s my 1-year-old cat, who came into my life in July 2023, during one of the darkest times in the crypto market. At that time, I was working on a DeFi project that unfortunately failed, leaving me feeling pretty down. My girlfriend gave me Mr. Moon to lift my spirits, and he truly did. Indeed, I named him “Moon” with the hope that Solana would go to the moon — and it came true. Since he came into my life, things have been looking up, both personally and in the market.
About three months ago, I accidentally dropped my Solana hat (a real one I received at a HackerHouse event) near where he was lying. Suddenly, an idea struck me — Solana has Dog wif Hat and Cat wif Hat, but Cat wif Sol Hat could be a whole new narrative. And that’s how CatSolHat was born.
Host:
Question 9 (from @Crytomania44): In 2024, I experienced a few scams (rugs, exit scams, etc). How can we, as investors, be confident that this won’t happen with your project? Do you have trusted team members?
Link: https://x.com/Crytomania44/status/1824346242547400847
Congrats, fam!
Guest:
It’s unfortunate, but you’re right — most of the Solana memecoins in 2024 turned out to be rugs or scams. However, a few good names have survived and thrived, building strong communities along the way: WIF, POPCAT, MEW, PONKE, MUMU,…
If you dive deep into these successful memecoins and compare them with SOLCAT, you’ll notice some common traits:
- Longevity in the market (SOLCAT has been around for nearly 4 months)
- A strong, dedicated community (quality over quantity)
- A committed team with a community-focused strategy
- Not controlled by famous KOLs (ANALOS, BEER, WATER are examples of KOL-backed coins, and we’ve seen what happened with them)
- A focus on developing utility for the token alongside community building. This shows the project is backed by a professional team with strong expertise in the blockchain space.
Host:
That’s all for the four questions selected from the X announcement. Now, we’re moving into the next section, where I’ll unmute the chat, and everyone can drop their questions for The Cat. Remember, each person can submit up to 3 questions, and for each selected question, you’ll earn 1,000 SOLCAT.
You have 3 minutes to submit your questions. After that, I’ll give The Cat 5 minutes to pick the 3 best ones. Let’s go!
Guest:
Question 10 (from https://t.me/web3filter): How will you verify Solana Phone ownership for airdrop opportunities?
Answer:
If you buy a Saga Genesis, you’ll receive the Genesis NFT. If you buy a Saga Chapter 2, you’ll receive the Chapter 2 NFT. These NFTs are soulbound tokens, meaning they can’t be transferred!
I’ll fetch on-chain data to compile a list of NFT holders for both tokens, which will give us a list of eligible users for the airdrop.
But that’s the easy part. The real challenge lies in building a claim dashboard for everyone to claim their allocation. We’ve decided not to send tokens directly to users’ wallets (even though we’ve done that frequently in the past). The dashboard will help draw more attention to the project and emphasize the significance of the coins they receive.
Question 11 (from https://t.me/SaucyRandal): If the voting system is based on highest LC votes per month to determine the project, then what stops a few whales from deterring the headlining project each month?
Answer:
You’re right, we won’t prevent that. The more SOLCAT you hold, the more influence you have in the community and the CatSolHat ecosystem. This mechanism encourages people to buy and hold more SOLCAT, which strengthens the project.
If we were to design an equal voting system where holding amounts didn’t matter, it would be possible for someone to use a large number of wallets to dominate the vote. By making holding and staking amounts matter, we add value to those who are truly invested in the project.
However, this is just the initial design. We’re always open to community feedback, and we’re willing to make changes in the future if the community feels this approach needs adjustment!
Question 12 (from https://t.me/altsaficionado): The roadmap indicates a planned CEX listing. Can you share which specific exchanges the CatSolHat team is targeting for the listing and what are the estimated timelines for achieving this milestone?
Answer:
Regarding the CEx listing, our initial plan was to list in July, but we decided to adjust our strategy.
We’re aiming for a top-tier CEx (Bitget, Bybit, OKX for example), and with our current market cap, this isn’t easy to achieve. While we could allocate funds to list on a tier-2 CEx, it wouldn’t significantly benefit the long-term development of SOLCAT. Such a move would likely result in short-term speculation rather than sustainable growth.
Given the current market sentiment and SOLCAT’s market cap, we’ve decided to push the CEx listing to Q4 2024 (possibly sooner, in September).
In summary, we’re focused on securing a listing with a major CEx, which requires time and effort. Stay tuned and watch as we continue to work diligently towards this goal.
Host:
Awesome. Congratulations to all three!
That brings us to the end of our AMA session. Thank you to the CatSolHat team, especially The Cat, for taking the time to share such valuable insights about the project. It’s clear that you have a strong vision and a dedicated community backing you, which is essential in the ever-evolving world of crypto.
I’d also like to extend a big thank you to everyone who joined us today and participated with such great questions. Your involvement is what makes these AMAs so engaging and informative.
We’re excited to see where CatSolHat goes from here, and we’ll be keeping an eye on your progress. Best of luck with all your future endeavors!
Guest:
Thank you so much for having us today! It’s been a pleasure sharing our journey and plans with the Solana-volunteersDAO community. We truly appreciate the support and enthusiasm from everyone who participated.
Remember, this is just the beginning for CatSolHat, and we’re excited about what the future holds. Stay connected with us, join our community, and together, we’ll continue to build something special. Thanks again, and see you all soon!
