Quote from: TimeTeller on Today at 08:52:07 PM

Quote from: fatcatcoin on Today at 08:47:43 PM

yesterday we took a big step renouncing the contract: https://bscscan.com/tx/0xc744e4538a3c84fd9ff90b81e6c73ee2c4c25ed271d2d5613956bfa58742596d

making fatcat safer for all

Renouncing the contract won't assure that the project will be successful in the coming days.
As you have seen, new meme projects have short lifespan in the trading market.
What do you think will set this project apart from other meme projects?
Sustainability is hard to achieve these days, even non-meme platforms are striving in this current market.
I don't know how long can you publish your financial updates, but do you have private investors on this project?

renouncing the contract is just a small step in our journey just like burning the LPs was, the main working idea behind FatCat is what makes it sustainable our idea separates "new money in" from being a driving force in a reflection tokens economy.
you should look at the whitepaper: http://fatcat.army/white-paper-fatcat/ for a full explanation of our system, but the basics of it is we divert some reflections to a treasury that invests in DeFi, generating passive returns from outside the project, these returns are used to wash trade FATCAT generating more volume and with that more reflections.

- the treasury is always growing.
- the wash trading volume is always growing
- the reflections/volume floor is always growing
- supply is decreasing

the above forces have one mathematical outcome, to but it bluntly: price go up

the only investment was by me the DEV/founder at the beginning i seeded the treasury with 5000$ and the LP pools with another 5000$ that was sent to the burn address.