What's Going On?
I am working on the vault now. I'm actually done with this entirely except for one extremely important factor: SAFETY. I read through solana's developer wiki and figured out how to program a vault feature that works and can distrubute $MEOW based on rates I talk about in the section below. I'd give an ETA of two months or so for the completion of the vault. I am meeting with some knowledgable solana developers to learn how to optimize safety as connecting your wallet to any website should be thoughly protected.
$Meow Tokenomics
Meow has 9 decimals, resulting in a total supply of 15 billion tokens. However, I intend to ensure that the token supply never reaches its cap. To achieve this, I'll optimize a formula that balances the amount of Meow rewarded versus burned. Rewards will be based on an individual's staked Orange Cat tokens and the total number of stakers. As the number of stakers increases, each participant will earn a smaller portion of the total reward pool. For instance, in the first year, I aim to distribute 25% of the Meow supply, while implementing a 5% burn rate. I'll allocate 30% of the maximum token supply to stakers based on the formula:
Meow Reward = (Orange Cat Staked / Total Orange Cat Staked) * (30% * Maximum Supply)
To achieve the goal of distributing 90% of the tokens within 5 years, I'll adjust the earn rates accordingly. Once 90% supply is reached, the burn rate will be nearly equal to the earn rate, with inflation of maximum 1% a year.
Meow Dev Address: 6d7DnytG6XzVFAArhyAC62bb4TwQdCouRAZfJwi5TgBt | View wallet
Meow Utility
The first thing I will implement after the vault and forum's (maybe before the forum) completion is a governance system. I am more or less just having fun creating this project and all though feedback is great from the social media, I want some feedback from my holders. $Meow holders will be able to burn $Meow to send me suggestions that I will be priotizing reading before all other forms. Down the line I'll also make some type of voting system. I will definetly create a merch site with Merch that can only be purchased with $Meow and NFTs will be the same way. I'll find collaborations with other projects that can Airdrop to $Meow holders and take suggestions from the community for any more utility. The main $Meow utility will be the casino which you can read about by clicking the Casino button on the homepage. I'll definetly allow MEOW holders to vote when to donate to charity and what charity.