How To Mine $CATO
Unlike many other meme coins, Catoshi's supply is released gradually (just like Bitcoin!), allowing anyone to mine new tokens directly from its smart contract. This gradual release helps to build a strong community, giving everyone a chance to participate and get a share. Every 10 minutes, 500,000,000 new $CATO tokens are unlocked. Over time, this amount will decrease. With 33 halvings occurring every 4-5 months, the total supply will be mined in approximately 10 years. This page will show you how to get a piece of history.
Here's How To Mine New $CATO Directly From Smart Contract:
Step #2. Get information about available tokens and price.
Click “Read Contract”:
Open “getAvailableTokens” and “getCurrentPrice” tabs:
These two numbers show us how many tokens are available to mine from the contract and at what price. However, there are two important caveats:
1) getAvailableTokens shows the number of tokens with 18 decimals. To get correct number, remove 18 zeros from the tail end. This will show you how many tokens you can get if you execute contract’s “mine” function.
2) getCurrentPrice shows the price per token in Wei. 1 Wei = 0.000000000000000001 ETH.
By combining these two numbers, we can calculate the minimum amount of ETH required to execute the “mine” function and claim the currently available tokens from the contract.
For example, if “getAvailableTokens” has a value of 500000000000000000000000000, removing 18 zeros gives us 500,000,000 tokens available to mine.
Next, multiply this number by the Wei value shown in “getCurrentPrice”.
If getCurrentPrice is 10 Wei, then:
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500,000,000 tokens * 10 Wei = 5,000,000,000 Wei.
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Finally, convert the Wei amount to ETH. Multiply 5,000,000,000 Wei by 0.000000000000000001 to get the ETH cost:
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5,000,000,000 Wei * 0.000000000000000001 ETH/Wei = 0.000000005 ETH.
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So, 0.000000005 ETH is the cost to mine the available tokens.
Step #3. Use the “mine” function to deposit ETH into the contract.
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In the “Contract” tab, click “Write Contract”:
Click the “Connect to Web3” button:
If a pop-up appears, click “OK”:
Choose your wallet provider and proceed to connect:
Open the “mine” tab:
Enter the minimum amount of ETH required to execute the “mine” function (calculated in the previous steps) into the first field:
Enter your Ethereum address into the second field:
Click “Write” and confirm the transaction in your wallet:
Warning! If you miscalculate the mining price (the amount of ETH you entered in the "mine" field), you might see alerts like this:
If the gas fee for the transaction is unusually high or you receive similar warnings, do not confirm the transaction. Instead, go back and check your calculations. It’s possible that the number of available tokens has increased, making the price to execute the function slightly higher.
Burn $CATO, Get ETH
You can burn $CATO anytime to receive ETH from the contract. The amount of ETH you get for burning $CATO is proportionate to the ETH in the contract and the current circulating supply of tokens.
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Here’s how to do it:
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Step #1. Go to the contract’s Etherscan page.
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Click here to visit the contract’s Etherscan page:
Once there, click on "Contract".
Step #2. Get information about the ETH reward per token burned.
Click “Read Contract”:
Open the “getBurnRewardPerToken” tab:
Here, you can see how much Wei you will get for burning one $CATO.
1 Wei = 0.000000000000000001 ETH.
Step #3. Use the “burn” function to get ETH in exchange for $CATO.
In the “Contract” tab, click “Write Contract”:
Click the “Connect to Web3” button:
If a pop-up appears, click “OK”:
Choose your wallet provider and proceed to connect:
Open the “burn” tab:
Enter your Ethereum address in the first “beneficiary (address)” field:
Enter the amount of $CATO you want to burn in the “tokenAmountToBurn” field and make sure to add 18 decimals (or zeros) at the end of the number:
For example, if you want to burn 500,000,000 tokens, the correct number to put into this field is 500000000000000000000000000. If you want to burn 500,000,000.055 tokens, the number would be 500000000055000000000000000.
Click “Write” and confirm the transaction in your wallet:
Warning! If you see an alert like this, it likely means you entered an incorrect amount of $CATO and are trying to burn more tokens than you currently have:
If the gas fee for the transaction is extremely high or you receive similar warnings, do not confirm the transaction. Instead, go back and check if you entered the correct token amount and whether you have enough tokens in your wallet.
Too Complicated?
If these instructions are too difficult, you can simply acquire $CATO directly on Uniswap by clicking here.
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When you land on the Uniswap page, you may see a window like this:
If you do, click “I understand”.
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Next, connect your wallet by clicking any of the “Connect” buttons:
Enter the amount of ETH you would like to spend (you can also choose any other token) or specify the exact amount of $CATO you want to receive:
Finally, click “Swap” and follow the instructions to complete your transaction.
Please note: $CATO is a meme coin intended solely for entertainment, possessing no intrinsic value or expectation of financial return. There is no formal team or development roadmap, making the coin purely for amusement. Treat it as such, engage with a sense of humor and enjoy responsibly!
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Engage at your own risk: $CATO and its smart contract are "as is," with no warranties or guarantees. The website and its operators are not liable for any losses or damages, including those from trading or smart contract flaws. The smart contract operates independently and is intended to be fully autonomous and decentralized from the start, with no owner or controller, including its creators. Every function, including token actions, is equally accessible to all, governed by the unchangeable rules embedded in the contract's code, open for review by anyone. The ability to burn $CATO for ETH depends on the available ETH in the contract; there is no guarantee of recovering the initial investment or any specific value.