catwifhat

Catwifhat ($CWIF) is a cat-themed meme token that lives on the Solana blockchain. It does not claim to solve a specific financial or technical problem; rather, it positions itself as a community-driven meme asset in the tradition of internet culture tokens. Its intended audience is participants in the Solana meme token ecosystem.

$CWIF is a Solana token built using the Token-2022 standard, which is a newer Solana token program that supports programmable transfer hooks and extensions. The protocol uses one such extension to enforce an automatic 4% burn on every on-chain transaction, meaning a portion of the tokens sent in each transfer is permanently removed from circulation. Beyond this burn mechanism, the token depends on Solana's underlying infrastructure for settlement and security rather than a consensus algorithm of its own.

The protocol does not collect a fee that flows to a treasury, team, or liquidity pool in the conventional sense; instead, the 4% charged on every on-chain transaction is burned, meaning those tokens are destroyed rather than paid to any recipient. This burn draws down the circulating supply over time, though the circulating supply figure of 999,920,703,739,324 tokens recorded at this point in time is very large. Because there is no fee stream accruing to the protocol, fee-based measures such as revenue multiples are not applicable here. There is no recorded maximum supply, so the long-run ceiling on total tokens outstanding is not defined in the data held on this site.