CAT Progress and Funding Report

in #catnet2 years ago

CAT Cat Appreciation Token - CAT Progress and Funding - Title Image with CATnip

CAT Progress Report #3

Transparent Funding and Development

 

While it's been a bit quiet on this blog lately, development behind the scenes has actually been making decent progress. Let me give you a little overdue update on some of the things that have been going on.

 

CATnip Balance Checks

Cat Appreciation Tokens in your steem-engine wallet auto-stake over time to work as CATnip.

Your CATnip stake is what unlocks the core benefits of hodling CAT - it attracts the kitten-bots to bring you cuddles and it increases your priority on the PAW-TRAILS dust-saving mechanism.

Since the staking of CATnip happens all automaticatly and CAT doesn't come with it's own frontend (yet) it's been a bit of guesswork for CAT hodlers to estimate the size of their actual stake.

You don't have to keep guessing anymore, you can now request a balance sheet from @catnet anytime, simply by typing ?CATbalance into any comment or post on the steem blockchain. You will get an automated reply by @catnet shortly after, detailing your CAT balances.

 

CAT Tipping beta

Another new feature has been taken live and openly tested in the past weeks with @cat.tips. You can give it a try yourself any time!

If you deposit some CAT to the @cat.tips bot, you can easily send CAT as a tip to any post or comment on the blockchain.

To make a deposit you will have to send some of your CAT to @cat.tips through your steem-engine wallet. The deposit will be registered automaticatly and you can start tipping a few moments later.

Yes, that means if someone sends you a CAT-tip, they didn't just share a sip from the faucet with you, they actually sent some of their CAT your way!

To give a tip to a post or a comment yourself, make sure your tipping-wallet is topped up and then simply include the !CATtip command in your reply. The bot will do the rest and your tip will be sent to the receiver's steem-engine wallet immediately.

  • !CATtip X

Where X can be any whole number, up to your entire tipping-wallet's balance. Keep in mind, CAT can not be divided, so you won't be able to tip in fractions of a CAT.

To make sure your command goes through, just be careful when using it mid-sentence, always leave a whitespace behind the digits or ideally just put the command into it's own paragraph.

The tipping-feature is still in beta and has a few shortcomings. For the moment, editing a tipping comment will actually re-issue the tip a second time, please be aware of that. There's also no proper withdrawal mechanism for the tipping-wallet, yet. But you could always just tip yourself to get a deposit back out.

The feature will be improved and enhanced over the coming weeks. I am also considering a few incentive mechanisms to encourage more CAT generosity on the chain. Stay tuned for a dedicated update on all that when we get there.

cattips_tokenhug.png

 

Steem-Engine Hiccups

You might have noticed some glitches with steem-engine related services last week.

Running this program on the steem-engine side-chain and relying on their single API is arguably a bit of a weakness.

Luckily I was at the desk while everything happened and I was able to catch the issues on @catnet's end swiftly. Disabling all token services while steem-engine was unavailable and running the kitten-bots on an offline-backup of the CAT ledger.

Steem-engine has since upgraded their database backend and it appears running very well and stable again.

 

Caturday Discord

The @catnet program has also established a little hangout on the Caturday Discord.

Not only is this a great place to share any and all feline content with your fellow cat-lovers, whether it's #caturday or not, now you can also stay even more up to date with what's happening with @catnet.

All these overdue updates here are actually old news to those who are already on the discord server. If you have questions about CAT or want to get in touch with other CAT hodlers, come join the Caturday Discord

 

Call for Delegators

One of the main goals of the @catnet project is to make sure that the kitten-bots' lovely cuddles become more than just cute and dusty gestures.

For that purpose, a few weeks ago, @catnet has leased 3500 SP on the minnowbooster delegation market and continuously tries to turn dusty kitten-cuddles into rewarding group-hugs via the PAW-TRAILS feature ever since.

1500 SP of these delegations have been cancelled and refunded prematurely. That turned out to be a good thing since we've been able to re-lease the same amount of SP at a cheaper rate for the next 24 weeks.

But 3500 SP is by far not enough to save all the cuddles and while the books are in the green, @catnet is additionally offering organic delegators weekly STEEM payments at 95% of the commercial lease rate, that's currently 0,003328845 STEEM per SP delegated.

@catnet is sitting at almost 4800 SP right now but we're still not able to trail more than barely half of all the cuddles, so we'll eventually need about 10k SP in total. If you've got some surplus STEEM POWER and would like to delegate to a cuddly cause for a competitive compensation, just delegate to @catnet and you will receive liquid STEEM payments every Monday.

 

A positive Balance Sheet

I won't bore you with putting all the detailed numbers into this post again, but I do want to still provide full transparency. I've copied the complete balance sheets into a publicly available spreadsheet on Google Docs. It's not the prettiest of sheets but it includes all financial records concerning the Cat Appreciation Token for anyone to see.

The open market has also been developing quite well. The order books are a bit thin at the moment but we did actually nibble away at the official sell wall recently, selling a few thousand cat at the pricing limit of 0.01 STEEMP/CAT, just a few days ago.

Cheap CAT seems to have become quite hard to get on the open market, considering there's an inofficial 10% bonus in CAT for "under-the-counter" sales, you might occasionally be getting a better deal by sending STEEM in exchange for CAT to @catnet directly.

 

 

catlove_thumbfit.png

 

put some CAT in your bags.

meow!

Sort:  

Cheap CAT seems to have become quite hard to get on the open market, considering there's an inofficial 10% bonus in CAT for "under-the-counter" sales, you might occasionally be getting a better deal by sending STEEM in exchange for CAT to @catnet directly.


Um, ok, I don't get it, but I might try it, because this sounds like fun!

@fraenk is sending you a tip of 50CAT

If you have any question in particular I'd be happy to try and answer it. Or you could stop by on the #Caturday Discord and get some answers there!

If you're just clueless about CAT in general you could read up on @catnet's blog how the project has come to be and how it has developed since.

Either way... have some CAT !CATtip 50

Wow, THANK YOU for the cattip - and yes, I will learn more so that I can pay it forward and share the wealth!

How does CAT work? Just stake it in SE?
!trdo
!giphy cats




giphy is supported by witness untersatz!

Oh dear, I never did revisit the #cattip posts to see how to make it work.
Comment Coin, tipU, so many ways to share the wealth and pay it forward, and I'm still late to the party.
Thaks for this reminder. And I love the cat gif!!!!

Nice to see @catnet and CAT tokens develop slowly and systematically like this... seems to be it's the appropriate way to build a solid long term future!

?catbalance

Your Cat Appreciation Token Balances:

@denmarkguyCAT
in your steem-engine wallet*1758
auto-staked as CATnip1750
in your tipping wallet @cat.tips0

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

I understand none of it (as usual) but I'm wagging my imaginary tail with interest...

Hey!!!! Awesome. :)
Please tell me my...
?catbalance

Your Cat Appreciation Token Balances:

@geekdancingCAT
in your steem-engine wallet*150
auto-staked as CATnip100
in your tipping wallet @cat.tips0

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

you could do with some more CAT

!CATtip 50

@fraenk is sending you a tip of 50CAT

What’s my ?catbalance ?

Your Cat Appreciation Token Balances:

@saboinCAT
in your steem-engine wallet*126312
auto-staked as CATnip120569
in your tipping wallet @cat.tips2313

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

Congratulations @catnet! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You distributed more than 900 upvotes. Your next target is to reach 1000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

?CATbalance

Your Cat Appreciation Token Balances:

@fraenkCAT
in your steem-engine wallet*11176
auto-staked as CATnip10447
in your tipping wallet @cat.tips352

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

Your Cat Appreciation Token Balances:

@drakernoiseCAT
in your steem-engine wallet*618
auto-staked as CATnip493
in your tipping wallet @cat.tips0

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

@fraenk is sending you a tip of 50CAT

?catbalance

Posted using Partiko Android

Your Cat Appreciation Token Balances:

@blueroboCAT
in your steem-engine wallet*3592
auto-staked as CATnip2887
in your tipping wallet @cat.tips0

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

!CATtip 50

Oh! Thanks. Happy Caturween

Posted using Partiko Android

@saboin is sending you a tip of 50CAT

You post has been manually curated by BDvoter Team! To know more about us please visit our website or join our Discord.

BDvoter Team

Oh no! It looks like you don't own any Cat Appreciaton Tokens.

You can get CAT on steem-engine or by sending STEEM directly to @catnet.

Your Cat Appreciation Token Balances:

@kenny-craneCAT
in your steem-engine wallet*13542
auto-staked as CATnip11332
in your tipping wallet @cat.tips0

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

?catbalance

Oh no! It looks like you don't own any Cat Appreciaton Tokens.

You can get CAT on steem-engine or by sending STEEM directly to @catnet.

?catbalance

Your Cat Appreciation Token Balances:

@tubcatCAT
in your steem-engine wallet*200
auto-staked as CATnip0
in your tipping wallet @cat.tips0

  * steem-engine balances are not updated in real-time and might be lagging behind by several minutes.

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