Crypto news report · source clearly identified
ZCAT Memecoin Distributes $2.8 Million in ZEC Amid $1,200 Price Surge
The newly launched ZCAT token applies a 3% transfer tax that is converted into Zcash payouts for holders, resulting in $2.8 million distributed as ZEC climbs above $1,200.
A newly issued memecoin called ZCAT has created a direct financial link to Zcash (ZEC) by allocating a 3% tax on every token transfer to ZEC distributions for its holders.
How ZCAT Generates ZEC Rewards
Each time ZCAT is moved, a 3% fee is automatically deducted. The collected tokens are swapped for Zcash, and the resulting ZEC is then distributed proportionally to all ZCAT holders.
Scale of Payouts
Since its launch, the mechanism has paid out a total of $2.8 million worth of ZEC to participants.
ZEC Market Context
These payouts coincide with Zcash trading above $1,200, marking a significant price level for the privacy‑focused cryptocurrency.
Implications for Holders
The structure offers holders a passive income stream tied to ZEC’s market performance, while also incentivizing holding and transacting ZCAT.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- September 7, 2026, 5:52 AM
- Original headline
- This cat memecoin has paid holders $2.8 million in Zcash as ZEC tops $1,200