ZCAT Memecoin Distributes $2.8M in Zcash to Holders via 3% Transaction Tax

A new cat-themed memecoin called ZCAT has distributed $2.8 million worth of Zcash (ZEC) to its token holders. The project applies a 3% tax on every ZCAT transaction, with the collected funds automatically used to reward holders in ZEC. This mechanism creates a direct financial link between the memecoin and Zcash, which has recently surged past $1,200. The model is unusual in the memecoin space, as it ties speculative token activity to payouts in an established privacy-focused cryptocurrency.