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SpaceCatch

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Discover SpaceCatch's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is SpaceCatch?

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.

How is SpaceCatch used?

The crypto SpaceCatch (CATCH) is used in various ways within the SpaceCatch ecosystem. Here are some key uses:

  1. 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.

  2. Staking: Players can stake their $CATCH tokens to earn rewards. The staking process is available on the official SpaceCatch website.

  3. 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.

  1. 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.

How do I store SpaceCatch?

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:

  1. 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.

  2. 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.

How to buy SpaceCatch?

To buy SpaceCatch (CATCH) tokens, follow these steps:

  1. 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.

  2. Create an Account: Sign up for an account on the chosen exchange. This typically involves providing personal information and verifying your identity.

  3. Deposit Funds: Deposit the necessary funds, either in fiat currency or other cryptocurrencies, to your exchange account.

  1. 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.

  2. 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.

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History of SpaceCatch

The history of SpaceCatch (CATCH) began with its token sale, which took place from November 13, 2023, to February 29, 2024. During this period, the token was priced at $0.08 per CATCH, with a hardcap of $1.60 million. The token sale was successful, raising a total of $3.37 million, including a recent round that gathered $1.17 million in just 42 hours.

After the token sale, the project focused on developing the game, which is a mobile, augmented reality (AR) game that incorporates blockchain and NFTs. The game, also called SpaceCatch, was developed by the professional studio Pixelfield and is designed to be fully functional off-chain, making it accessible to both crypto and non-crypto players.

The game's development took over a year and a half, with a team of 30 professionals working on it. The game's public beta version was launched on May 22, 2024, marking a significant milestone for the project.

The $CATCH token is a key element in the game, serving as a premium currency and allowing players to purchase various items and boosters. The token's tokenomics are designed to ensure long-term sustainability, with a limited supply and a staking mechanism that rewards early adopters.

Despite some setbacks, including a hacking incident that drained the staking contract, the project has shown resilience and continues to move forward, with plans to restore the staking contract and compensate affected users.

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How SpaceCatch works

SpaceCatch (CATCH) is a cryptocurrency token that powers a free-to-play and play-to-earn augmented reality (AR) game. The game combines elements of physical activity and virtual gameplay, similar to Pokémon Go. Here's an overview of how it works:

Gameplay and Token Usage
  • Gameplay: Players use their real-life physical activity to obtain boosters for improving their avatars. These boosters can be sold to other players, creating a play-to-earn mechanism.
  • Token Usage: The $CATCH token is used to purchase various in-game items such as NFT packs, NFT items, boosters, raffles, and invasion passes in the game's marketplace.
Tokenomics and Staking
  • Token Standard: The $CATCH token is an ERC-20 standard token based on the Arbitrum blockchain.
  • Staking: Players can stake their $CATCH tokens to earn rewards. The staking process is detailed on the official SpaceCatch website.
Security and Compensation
  • Security Incident: Despite audits by top auditors, the $CATCH staking contract was hacked, resulting in the loss of all staked tokens. SpaceCatch is working on a new contract and will compensate users for their losses.
Availability and Accessibility
  • Availability: The game is available worldwide, requiring only a stable internet connection.
  • Devices: SpaceCatch can be played on both iOS and Android devices, free of charge.
Development and Roadmap
  • Development Team: The game was developed by a diverse team of experienced professionals from the worlds of cryptocurrencies and gaming.
  • Roadmap: The project has a roadmap outlining key milestones, including listing on Tier 1 exchanges, public beta launches, and the implementation of AI custom quests and multiplayer features.

Overall, SpaceCatch aims to create a unique gaming experience that combines physical activity with virtual rewards, utilizing blockchain technology to facilitate in-game transactions and staking.

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SpaceCatch's strengths

The token SpaceCatch (CATCH) has several strengths that make it an attractive investment opportunity:

  1. Sustainability and Long-term Growth: The CATCH token is designed with a focus on sustainability and long-term growth, which sets it apart from other gaming tokens that often rely on inflationary rewards. This approach ensures that the token's value is not diluted over time, making it a more stable investment option.

  2. Premium Currency in the Game: The CATCH token acts as a premium currency in the SpaceCatch game, unlocking various bonus features and providing players with a unique gaming experience. This utility within the game ecosystem contributes to the token's value and potential for growth.

  3. Limited Inflationary Pressure: Unlike traditional gaming tokens, the CATCH token has a high initial circulating supply, reducing future inflationary pressures. This means that early adopters are rewarded more significantly, and the token's value is less susceptible to inflationary selling pressure.

  1. Staking Rewards: The CATCH token offers staking rewards, which incentivize early adopters and provide a passive income stream. The staking rewards are designed to halve every year, ensuring that the token's value is maintained over time.

  2. Strong Community Engagement: The SpaceCatch project has a strong focus on community engagement, with regular updates and a clear roadmap for development. This engagement helps build trust and confidence in the project, which can positively impact the token's value.

  3. Innovative Gaming Experience: The SpaceCatch game combines traditional mobile gaming with augmented reality, blockchain, and NFT technologies, offering a unique and engaging experience for players. This innovative approach can attract a large user base, which in turn can drive the token's value.

Overall, the CATCH token's strengths lie in its sustainable design, utility within the game, limited inflationary pressure, staking rewards, strong community engagement, and the innovative gaming experience it supports.

SpaceCatch's risks

SpaceCatch (CATCH) is a cryptocurrency project that operates within a blockchain-based augmented reality (AR) game. The project's financial risks are primarily related to the volatility of the cryptocurrency market and the potential for token value to fluctuate. Here are some key aspects to consider:

  1. Market Volatility: As with any cryptocurrency, the value of $CATCH tokens can fluctuate rapidly due to market conditions, investor sentiment, and global economic trends. This volatility can result in significant losses for investors if the token's value drops.

  2. Deflationary Mechanism: SpaceCatch employs a deflationary tokenomics model, which means that the total supply of $CATCH tokens is designed to decrease over time through periodic burns. While this mechanism aims to boost the token's value by reducing supply, it also introduces the risk of token value dropping if the burn rate is not balanced with demand.

  3. Regulatory Risks: As a cryptocurrency project, SpaceCatch is subject to regulatory changes and legal opinions. If regulatory bodies impose stricter rules or restrictions on cryptocurrency projects, it could negatively impact the value and usability of $CATCH tokens.

  1. Security Risks: As a blockchain-based project, SpaceCatch is vulnerable to security risks such as hacking, smart contract vulnerabilities, and other forms of cyber attacks. If the project's security is compromised, it could lead to significant financial losses for investors.

  2. Community Engagement: SpaceCatch's success relies heavily on community engagement and adoption. If the project fails to attract and retain a large user base, the token's value may not appreciate as expected, leading to financial losses for investors.

  3. Airdrop Risks: SpaceCatch's airdrop seasons, which offer rewards to participants, can also introduce risks. If the airdrop mechanism is not well-designed or if participants do not meet the required criteria, it could lead to disappointment and a negative impact on the token's value.

  1. Competition: The cryptocurrency market is highly competitive, and SpaceCatch faces competition from other gaming and blockchain projects. If the project fails to differentiate itself or keep up with innovations in the space, it could struggle to attract and retain users, leading to financial risks.

It is essential for investors to carefully evaluate these risks and conduct thorough research before investing in SpaceCatch (CATCH) or any other cryptocurrency project.

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SpaceCatch's ecosystem

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SpaceCatch’s team

  • Stanislav Lepka: CEO and founder of SpaceCatch, responsible for leading the development and vision of the project.
  • Filip Háša: Head of Development, overseeing the technical aspects of the game and its integration with blockchain technology.
  • Dominik Bura: Lead Game Designer, responsible for crafting the gameplay experience and ensuring the game's quality and engagement.
  • Kol Humphries: Art Director, in charge of the visual and artistic direction of the game, ensuring a unique and immersive experience.
  • Jeffrey A Chekuse: Team member, contributing to the project's development and growth.
  • Radek Holubík: Team member, involved in various aspects of the project.
  • Martin Lepka: Team member, supporting the project's development and operations.
  • Ojo Pamilerin: Team member, contributing to the project's success.

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