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Catpay is a reward token for Catecoin that will be utilized in the Rise of Cats game. It functions similar to the SLP token of Axie Infinity. CatPay serves as a universal token within the Rise of Cats universe, allowing players to earn it by playing the game. In-game, CatPay can be used to upgrade cats, pay for tournament entry fees, and unlock various future game features. All CatPay tokens are obtained through gameplay. Whenever CatPay is spent on in-game upgrades or used in tournaments, a portion of it will be burned. Additionally, 1% of the transaction volume from the marketplace will be utilized to buy back and burn CatPay tokens.
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What is CatPay and how is it used in Rise of Cats game?
CatPay is a reward token for Catecoin, which is utilized in the Rise of Cats game. Similar to the SLP token in Axie Infinity, CatPay serves as a universal token within the Rise of Cats world. Players can earn CatPay by actively participating in the game. This token can be used to upgrade cats within the game, pay for tournament entry fees, and unlock various upcoming game features. It's important to note that all CatPay tokens are mined from the game. Additionally, any CatPay spent on in-game upgrades will be burned, along with a portion of CatPay obtained from tournaments. Furthermore, 1% of the transaction volume from the marketplace will be utilized to buy back and burn CatPay tokens.
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