Last night, just a couple of hours before the unbelievably successful pre-sale and subsequent launch, an AMA was held with the founder of CatJAM Token where curious crypto enthusiasts and investors from all over the world asked questions about the project and plans for it in the future.
Hundreds of questions were asked but only a few good questions could be picked out because of the sheer amount of them and time restraints. This is the recap of that AMA session…we hope you enjoy the read and thank you for being part of this community so early.
Q1: Kindly Introduce yourself and the CatJAM Token project to our community?
Hello everyone, I am the CatJAM Token founder and I am anonymous. CatJAM is a community driven Cryptocurrency with the sole purpose of rescuing and providing a safe haven for cats all over the world.
Q2: What can we expect to see from this project in the short-term (at some point in 2021) and beyond (long-term goals)?
There are alot of exciting things planned ahead for CatJAM Token this year. Our presale is today at 15:00 UTC, then launch right after on Pancakeswap, after the launch we will have a full contract audit, the whitepaper will be finished, we will distribute 100 billion tokens to every CatJAM holder in the event we call “THE GREAT GIVEAWAYKENING” and we will be listed on Coinmarketcap and Coingecko. Check the roadmap on our website for all the little things we are doing but what I’m mostly excited about for 2021 is the first CAT SHELTER DONATIONS where the team will anonymously, physically go to a cat shelter with hard cash, donate to the first chosen charity and record everything. I’m also excited about the CatJAM stake voting system where the community will decide the course of our altruistic campaigns by voting in the polls. Your vote will be minted into the blockchain and registered in the CatJAM contract. I also can’t wait for the website migration to IPFS, exchange listings ofcourse and the collaboration we have planned with other animal coins called “ANIMAL COINS ASSEMBLE”. But one of the biggest projects we have in line for 2021 is RESCUED CATS NFT’s — People will be able to buy and trade NFT’s of actual cats rescued by the CatJAM community through our charity campaigns. More on that soon. The final most exciting thing for CatJAM in 2021 is CATJAM 2.0 — Migrating the CatJAM Token to Ethereum 2.0
What will the future hold for CatJAM next year and beyond? The sky is the limit. There are alot of ideas…
Q3: I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities ? Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one?
We do not have a bounty system yet but that’s a great idea — I will forward that to the team! Yes we will have an ambassador program, or the “referral program” as we call it in the roadmap, this year.
Q4: There are many pump and dump schemes nowadays in the crypto industry. How will you prove to us that CatJAM Token is not one of those?
One of our most important goals is to make the CatJAM Token 100% decentralized. We are starting by having locked all the developer wallets and locked the charity wallet with vesting. Liquidity is also locked ofcourse. Then, when everything is working smoothly, we will renounce ownership after launch. Then, we will distribute 100 billion tokens between all holders to allocate more funds back to the community. Going forward, we will work hard to make CatJAM 100% rug-proof. That is our promise.
Q5: Can you tell us the motivation and benefits for investors to keep the token long-term? Do you have a plan to help boost token demand and scarcity?
What I would tell investors is: Look at the roadmap. Imagine, if everything on our roadmap will happen this year. Think about the power of the CatJAM meme and what it can do to change the world, starting with cats. Aside from the current RFI system where you will receive rewards for holding, the project for us is very long-term and a passion project of mine - my “baby”. CatJAM Token will only rise in value in the long-term and I think holding atleast a little bit is always a great idea. Just look at the most popular meme coin DOGE. I want to take CatJAM to the level of DOGE and even further beyond. The demand will boost by itself when all the projects we have planned start coming out. It will be a beautiful, natural growth. All the while the token becomes more scarce because of the way it is built.
Q6: What innovations has CatJAM brought to the DEFI space? How is CatJAM changing the new DeFi ecosystem and what are plans for the next 100 days?
CatJAM will, in an unprecedented move, distribute 100 BILLION tokens to all holders after launch. That is 1/10 of the total supply. That has never happened before in the DeFi space as far as I know. The second and most exciting innovation for me would be the RESCUED CATS NFT’S. We will rescue cats all over the world and turn them into beautiful NFT’s people can own on the blockchain — Complete with each rescued cat’s name, appearance and their story of where they came from and how they were rescued. Every rescued cat NFT will be a character with their own background story that people can buy, sell and trade or hodl forever. The plans for the next 100 days are all in our Q2 and Q3 roadmap on our website www.catjamtoken.io — I briefly went over them in one of the previous questions.
Q7: How important is the community to Your project? and how can we collaborate or help share the token for the development of the project?
Community is everything for us. We are going to work hard to make sure it is the community together who will move forward CatJAM Token and make big decisions. You can help us by posting about CatJAM token on Reddit and other social media and take part in our MEME COMPETITIONS.
Q8: Projects that are not traded on major exchanges remain unnoticed. What do you think about listing the token on the leading exchanges?
Yes, we are going to work on getting listed on Whitebit this year, following more exchanges in the near future.
Q9: When do you do your mission, which is to help the cats, I’m really excited about this?
Our first cat shelter donation will happen in Q2 and we will also be going out on the streets and even to other countries, hands-on, to help homeless- and abused cats all over the world and record everything as we do it.
Q10: Do you have any plan for burning tokens or buy back in the future to reduce the supply of the token and Increase investors?
Yes, we will burn all the tokens that are left if we don’t meet the hard cap in our presale today. Also, I can tell you that I personally will be buying many dips when the price goes down with my own personal FIAT money. Because this project is important to me and more valuable than any fiat currency.
Q11: We’re concerned about 2 things — Marketing and Rugpull. What are your marketing plans? How can you guarantee us no rug-pull?
We are already hard at work for marketing — Poocoin ads, Twitch shilling, YouTube video promotions, Cameo shoutouts, TikTok videos, Reddit, Telegram groups, giveaways, meme competitions and mainstream media appearances are just the tip of the iceberg.
We can guarantee no-rug pull because all the dev wallets are locked and charity wallet is locked with vesting. Also, we will renounce contract after launch.