ZCAT Soars 35% Amid ZEC Rewards Distribution

ZCAT, a relatively new cryptocurrency, has experienced a significant price surge of 35.4% in just 24 hours.

The token's value is being driven by its promise to distribute Zcash rewards to holders, with approximately $2.8 million worth of ZEC having been given out so far.

This arrangement is funded by a 3% transaction fee charged on every trade, which is then used to buy ZEC and share it among eligible ZCAT holders.

The project's figures show over 470,000 payments have been made, but these represent individual payouts rather than the number of people holding the token.