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KATZ

Within the crypto industry, a coin burn is a deflationary mechanism that is used to permanently remove coins from circulation. Most cryptocurrency projects, including Lucky Cats, periodically burn coins to sustain the value of their digital asset and create a deflationary effect.

In the case of Lucky Cats, the iGaming platform has in mind to destroy up to 25 million KATZ tokens through its quarterly burns, accounting for 25% of its total supply.

KATZ utilizes two coin-burning mechanisms. The first mechanism consists of burning a portion of the tokens generated from all games played on Lucky Cats iGaming platform, and the second is its quarterly KATZ burning events, where the number of tokens to be burned is calculated using a formula based on the total revenue earned from the games played in Lucky Cats and KATZ's average dollar-denominated price during the quarter.

Lucky Cats is a decentralized iGaming and Staking platform built on Binance smart chain Network

KATZ aim to build the infrastructure that allows iGaming to be more circular, with near zero operating and maintenance cost in a format designed for the blockchain age ensuring both traditional and blockchain enthusiasts enjoy the future today while empowering players and maintaining the traditional elements. According to the project’s website, its mission is to become the biggest iGaming platform built with blockchain technology.

Lucky Cats holders are also allowed to stake KATZ tokens in the staking pool to earn BNB as a reward. And through KATZ's partner, DSIgate, users can learn various vocational & digital skills for FREE and use KATZ tokens to obtain certificates after successfully completing courses.

Lucky Cats has secured partnerships with various influential crypto communities such as Crypto Tribe in China, Crypto forum in Indonesia, Crypto Pyramid in Turkey, Crypto Fury in Vietnam, Bruisers Calls, and many other notable western crypto communities. It has also secured partnership with DSIgate, a platform where KATZ holders will learn various vocational skills and possibly earn. Lucky Cats will also be engaging the services of Slotegrator to build a bespoke platform for iGaming and online casinos.

Undeniably, KATZ has great utilities for you: Play to Earn, Stake to Earn, Learn to Earn, and you can also Create customized Lucky Cats Avatars and sell them in KATZ Marketplace when launched. KATZ has pledged to always maximize its revenue and be in a perpetual state of constant evolution and constant adaptation to stay relevant in the blockchain industry.

Playing at Lucky Cats should always be positive and entertaining. KATZ has a team of professionals available to assist whoever reaches out when they’re struggling or in need of further information. Besides its team of genuinely caring, well-trained squads, KATZ has set up measures to help players control their iGaming habits and set their own customized limits.

If you would like to know more about KATZ ‘Control Play’ tools or if you’re looking for some information on organizations that could help you or someone you know, please have a look at luckycatscare.com when launched (launching on December 5, 2022)