Cat Memecoin Pays Holders $2.8M in Zcash as ZEC Hits $1,200

A new memecoin called ZCAT charges a 3% tax on each transaction and distributes the proceeds in Zcash (ZEC) to its holders, creating an unusual link to one of the hottest crypto assets. This mechanism has already paid out $2.8 million to holders as ZEC’s price surged past $1,200.