SpaceCatch (CATCH) is an ERC-20 token deployed on the Arbitrum Layer-2 blockchain, serving as the native cryptocurrency for the SpaceCatch augmented reality (AR) game. It facilitates in-game transactions, such as purchasing NFT boosters and engaging in player-to-player transactions, and incentivizes physical activities and gameplay through innovative earning mechanics like move-to-earn and mini-games. The token has a maximum supply of 100 million and is designed to foster a sustainable gaming ecosystem with player agency and real-world integration.
The crypto SpaceCatch (CATCH) is used in various ways within the SpaceCatch ecosystem. Here are some key uses:
Marketplace Transactions: The $CATCH token is used to purchase items such as NFT packs, NFT items, boosters, raffles, invasion passes, and more in the game's marketplace.
Staking: Players can stake their $CATCH tokens to earn rewards. The staking process is available on the official SpaceCatch website.
In-Game Activities: Players earn $CATCH tokens by participating in in-game activities like completing quests, participating in events, or achieving milestones. These tokens can then be used within the game or staked for additional rewards.
- Deflationary Mechanism: The $CATCH token has a deflationary mechanism where tokens are periodically burned to decrease the supply, which boosts the token's value over time and maintains a balanced in-game economy.
Overall, the $CATCH token is central to the SpaceCatch game, facilitating transactions, incentivizing player engagement, and supporting the game's economy.
To store SpaceCatch (CATCH) tokens securely, it is recommended to use a cold wallet, which is a wallet that is totally offline. There are two types of cold wallets:
Paper Wallet: This is a simple and secure method where you generate a public and private key offline using a program. You can print these keys on a piece of paper and store them in a secure place. The keys are printed in the form of QR codes, which you can scan for future transactions.
Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person who possesses the USB drive can access the assets. Hardware cold wallets are preferred by many users, especially for storing large amounts of coins or tokens.
To buy SpaceCatch (CATCH) tokens, follow these steps:
Choose a Platform: You can buy CATCH tokens on various cryptocurrency exchanges. Platforms like Bitget and CoinCarp provide guides on how to purchase the tokens.
Create an Account: Sign up for an account on the chosen exchange. This typically involves providing personal information and verifying your identity.
Deposit Funds: Deposit the necessary funds, either in fiat currency or other cryptocurrencies, to your exchange account.
Place an Order: Use the deposited funds to place an order for CATCH tokens. The exchange will facilitate the transaction, ensuring a secure and escrow-based process.
Store Your Tokens: Once you have purchased the tokens, store them securely in a cold wallet, such as a hardware wallet or paper wallet, to protect your assets from potential hacks.
By following these steps, you can successfully buy and store SpaceCatch (CATCH) tokens.