What is Copycat Finance? Copycat Finance is one of the outstanding DeFi products and projects with the backing of Binance Labs. So, what is so special and interesting about Copycat Finance that attracts so many users and the community? Let’s find out together in the article below.
Copycat Finance Overview
What is Copycat Finance?
Copycat Finance is a DeFi protocol with two key products including:
- Copycat: Is a Peer to Pool Derivative protocol built and developed on the PVPAMM mechanism. Copycat builds the PNL Pool model and the CUD benefit token to create a reasonable liquidity system that brings the best user experience.
- Bitcat: Is a platform called RGB Layer 2 based on Rollup technology and can be called Bitcoin Rollup. Bitcat was born to build a market with derivative products for BRC 20 standard assets for users.
The Copycat Finance difference
Some notable differences of Copycat Finance include:
- Copycat Risk Management: Copycat Dex secures its contracts by using multiple security mechanisms on the blockchain and collaborating with white hat hackers and auditing organizations. They also plan to expand to the Zk-Rollup chain to improve security.
- PVPAMM Mechanism: Copycat Dex’s PVPAMM mechanism allows users to provide liquidity to each other, creating a new system consisting of PNL Lake and CUD tokens.
- Lowest Transaction Fees: Copycat DEX offers the lowest trading fees in the industry, ranging from only 0.06% to 0.08%, facilitating economical trading for users.
- Rollup Solution: Bitcat is developing a Rollup system to enhance scalability and flexibility. They plan to improve the BRC 20 swap solution by adding derivatives trading modules, including leveraged trading, perpetual contracts and synthetic assets.
- Modular Framework: This model delivers strong performance for Copycat Finance’s especially derivative products.
- Order Book: Bitcat is designed to maintain the order book trading model on Layer 2 using ZK technology and trade settlement on Layer 1 via ZK Rollup.
Development Roadmap
Update…
Core Team
Update…
Investor
- The project received investment from Binance Labs but no information was found.
Tokenomics
Information about Copycat Finance’s tokens
- Token name: Copycat Finance
- Code: COPYCAT
- Blockchain: BNB Chain
- Token classification: BEP 20
- Contract: 0xd635b32688f36ee4a7fe117b4c91dd811277acb6
- Total supply: 9,342,522
Information about Copycat Finance’s tokens
- Token name: Copycat Finance
- Code: BICA
- Blockchain: Bitcoin
- Token classification: BRC 20
- Contract: Update…
- Total supply: 21,000,000
Token Allocation
- Fair Launch on BakerySwap: 80%
- Foundation: 15%
- Core Team: 5%
Information about Token Sale on BakerySwap
- Launch price: 1 ticket = 10,000 BICA = $300
- FDV: $630,000
- Total deployed tokens: 80% of total supply or 16,800,000
- Participating tokens: BAKE & 1CAT
- Sale time: January 2, 2024 at 8 AM UTC
Token Use Case
- BICA holders receive exclusive benefits such as discounts and early access to new NFTs.
- Users who hold BICA enjoy varying trading fee discounts.
- BICA staking users have the opportunity to receive rewards for developing the ecosystem.
- Holding a certain amount of BICA unlocks special features in the social platform
- BICA holders are eligible to participate in exclusive and collaborative activities partnerships, providing more business opportunities and interoperability.
- BICA holders enjoy discounted trading fees on AMM DEX with assets recorded on multiple Blockchains.
Exchanges
- COPYCAT is traded on several platforms such as ApeSwap.
- BICA is traded on several platforms such as BakerySwap.
Project Information Channel
- Twitter: https://twitter.com/CopycatFinance
- Website:
Summary
Copycat Finance is causing discussions in the community when it previously deployed the COPYCAT token and has now created the new token BICA. Hopefully through this article, everyone can understand more about what Copycat Finance is?
