Pancat crypto launched as a meme coin similar to Doge and Shiba.
Sometimes in crypto, old trends can have a new resurgence of popularity – even when they’re supposed to have faded away.
The Pancat cryptocurrency project has risen from the grave, in terms of people searching for it online.
Like every cryptocurrency based on blockchain technology, Pancat tokens exploded the market to meet the demands of investors.
To help in your fundamental analysis of this crypto, let’s look into everything you need to know about this memecoin.
Pancat crypto overview
Pancat was launched in October 2021, and due to its unique approach to decentralized finance and its cat-inspired branding, it became a famous coin.
A group of anonymous developers worked on the Pancat project to create decentralized digital money that would enable quick, secure, and affordable transactions.
The coin governance system is an attractive feature apart from DeFi.
The project utilizes the Proof of Stake (PoS) consensus mechanism, and is built on BSC (Binance Smart Chain) network ecosystem.
The project burned over half of its tokens, and featured an NFT marketplace to capitalize on the NFT boom that was active at the time of the project launch.
A critical aspect of Pancat project is the mechanism preventing people from buying too much of the supply at one time.
This was a major aspect of the popularity of Pancat crypto, as the perception that whales could not buy it all up and manipulate the price.
Regardless, the internet is still full of individuals who’s trying to buy Pancat token.
To show you how you can buy Pancat crypto, we’ll move to the next section of this guide with a a step-by-step tutorial.
How to buy Pancat crypto
In order to buy Pancat token, you need a wallet that is funded with a Tether (USDT) stablecoin, which is used as a form of payment.
Below are the simple steps you should follow to buy Pancat token;
- Open a Tether wallet
- Add USDT to your wallet
- Connect wallet to QuickSwap
- Swap USDT to Pancat crypto.
Now that you know the steps involve, let me explain these steps in detail, so it’ll be easy for you to follow, knowing exactly what you’re doing.
Step 1: Open a Tether wallet
Open a wallet that supports Binance Smart Chain (BSC), while personally, I’d recomend getting Trust Wallet.
It’s a multi-currency cryptocurrency wallet that supports the Tether stablecoin, as well as other currencies (including Pancat), which is killing two birds with one stone.
Step 2: Add Tether (USDT) to the wallet
If you don’t have Tether (USDT) already, you can buy from a crypto exchange (like; Binance), and send it to your Trust wallet.
If you’re just getting to know about this exchange platform for the first-time, then it’ll be good to read my review on Binance exchange.
On this crypto platform, you can also lower your transaction when you have some of the native coin (BNB) in your possession.
Step 3: Connect wallet to QuickSwap
Now that you have some USDT in your wallet account, you need to connect your Trust Wallet to the QuickSwap exchange to buy Pancat token.
There will be a button on screen saying ‘connect wallet’, click on the button and follow the next step below to buy the memecoin.
Step 4: Swap USDT to Pancat crypto
Navigate to the token swap section (by clicking ‘swap’ on the top left of the page), and click the MATIC icon and select USDT as an option.
The default currency is MATIC, so in the ‘To’ section, select Pancat and make your purchase.
It’s likely that the liquidity will be extremely low, and we cannot recommend making a purchase of Pancat at this time.
Is Pancat crypto a good investment?
It’s not our place to give investment advice, but despite the resurgence of interest in this project, it is defunct.
As at the time of writing this guide, it seems that the use-case for Pancat token is extremely limited.
Is Pancat scam crypto project coin?
We can’t say whether Pancat cryptocurrency coin project was a scam or not.
However, it does appear that the project failed to achieve the tasks set out in its roadmap (e.g. centralized crypto exchange listings, strategic partnerships etc).
Whether this is due to a Pancat scam or simply a failure on the part of the project to survive is unclear.
What is Pancat tokenomics?
The total supply was 500 quadrillion, making the price of a single token extremely low.
This gives the perception to investors that the token is ‘cheap’, although this is not the correct way to look at market capitalization.
Final thoughts
Have it in mind that Pancat charged a 6% commission to anyone buying Pancat cryptocurrency or transacting with it.
About 4% of that commission is also distributed to Pancat holders, like an airdrop, which also, is another aspect of the coin’s popularity.
In conclusion, Pancat cryptocurrency (PCT) offers investors a promising investment opportunity in the dynamic world of cryptocurrencies.
Its commitment to technological advancements, growing community, possible integration with DeFi, and global market expansion further enhances the prospects.
By considering the benefits and potential of Pancat, investors can assess its suitability within their investment strategies and capitalize on its future success.
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