Solana Cat Memecoin Distributes $2.8M in Zcash Rewards

The Solana-based memecoin Anonymous Cat (ZCAT) has distributed over $2.8 million in Zcash (ZEC) rewards to its holders, thanks to a unique mechanism that generates revenue from transaction fees.

ZCAT operates by charging a 3% fee on every sale of the token, which is then pooled and paid out as ZEC to eligible participants who hold at least $20 worth of ZCAT in their wallets.

This model stands out among memecoins for its integration of an external asset, Zcash, as the direct reward.