catwifhat

Catwifhat ($CWIF) is a cat-themed meme token that lives on the Solana blockchain. It does not claim to solve a conventional financial or technical problem; rather, it exists within the meme-token category, where cultural appeal and community identity are the primary draws. Its distinguishing mechanic is a built-in deflationary mechanism rather than a utility function.

$CWIF is a Solana-based token built using the Solana Token-2022 standard, which allows programmable transfer rules to be embedded directly in the token itself. Every on-chain transaction automatically burns 4% of the $CWIF involved, permanently removing those tokens from the circulating supply. There is no separate consensus algorithm to describe because $CWIF is a token that settles on Solana's own network rather than operating its own chain; block time for this asset is recorded as zero, reflecting that it inherits Solana's block production.

The 4% burn applied to every on-chain transaction is the protocol's core economic feature: the tokens destroyed in that process are removed from circulation and sent to no recipient, meaning no fee revenue accumulates to a treasury, a team, or token holders in the conventional sense. Because no protocol fee stream is collected and redistributed, fee-based performance measures common on this site — such as fee yield or revenue — are not applicable here. The circulating supply stands at approximately 999,920,073,636,430 tokens at the time this data was recorded, representing 100% of issued supply, with no additional tokens pending release and a fully diluted valuation equal to the market cap of 34,040,276 USD.