Republished Press release from April 8, 2024
(Preceding Press Release Not Republished Due to No Longer Being Applicable; Historical Press Release May Be Accessed at www.catcoin2013.org)

FOR IMMEDIATE RELEASE: April 8, 2024

Hash Incentive Offer Now Closed

Catcoin Team 3 VHQ: Today, The Catcoin Project Team 3 (unofficial) provides an update on the hash incentive offer. Due to everwhelming demand and multiple commitments in place, the objective of obtaining committed hash power over a 1500-hour duration has been amply achieved. Therefore, effective immediately, the offer is no longer open.

If the network hash should exceed 1,000 Gigahashes Per Second for a 24-hour period in the near future, a similar offer will be opened but at a higher price point. Also, another offer may be opened near the end of 1500 hour mark, to incentivize keeping the hash going, but a decision on this has not been made. A similar offer may open for other reasons not enumerated.

About Catcoin: Catcoin (CAT) with its genesis block on December 23, 2013, is the first cat-themed meme coin released in response to the original release of Dogecoin. Its maximum coin supply is capped at 21 million, has a target block time of 10 minutes, and experiences block reward halving every 210,000 blocks just like with Bitcoin (BTC).  It is historcially the first PoW coin to implement PID in civilian application.

About Catcoin Team #3 (unofficial): Catcoin Team #3 (unofficial) is a group of supporters of Catcoin, and set up to work independently of the official team, to do things that further the interest of Catcoin, strictly within technical parameters laid out by the official team.


https://www.catcoin2013.org/#xl_xr_page_press-release-2024-04-08a