Cash Tech

Cash Tech (CATE) is a self-hosted wallet application that seeks to allow users to carry out activities in decentralized exchanges (DEX), DeFi, and real-world transactions. Even newcomers can frictionlessly navigate through this user-friendly technology. The wallet seeks to allow users to protect their private keys and thereby give complete custody of their assets. The wallet also supports multiple blockchains like Ethereum, Polkadot, Binance Smart Chain, Solana, etc. The wallet also supports the ERC-20, BEP-20, and ERC-721 token .)standards. BEP-20 is a BSC token standard that has similarities with ERC-20 and BEP-2. On the other hand, ERC-721 is an Ethereum token standard that describes creating non-fungible tokens (NFTs). 

According to the whitepaper, with such technology, the application aims to solve the problems of current crypto wallet solutions like a complex design for users to navigate, limited functions of a wallet, involvement of the third party, etc. 

The DEX of the project seeks to offer different properties; for example, it doesn’t store assets, is more user-friendly, doesn’t require customer’s KYC, and doesn’t need any third-party involvement. Further, the project also acts as a medium of exchange to transfer cryptocurrency. When users spend their crypto assets to transfer, they receive tokens as a reward. Cash Tech’s team aims to collaborate with the local partners to build a merchant network to ensure borderless payments.

CATE is the native token of the Cash Tech wallet application. The users need to hold specific CATE tokens to send or receive payments. The project has kept a certain amount for incentives that may get launched soon to compensate CATE holders. Users may stake CATE tokens and seek to earn by participating in Cash Tech’s most profitable DeFi staking schemes.

Jaxson Kim, the CEO of the project, leads the project with a team of full-time developers. Previously, Kim worked with a consumer tech company that gave Kim a vision for the evolution of cryptocurrency.

The Cash Tech token (CATE) has a maximum total supply of 155,000,000 CATE tokens.