FAQ

All you need to know about Catapus

Fair Launch

• No pre-sale, no insiders

• Ownership renounced, immutable

• Buy and sell at any time on the bonding curve

• Liquidity is sent to a decentralized staking contract for holders to accrue Joe LP tokens

Wen Moon?

💪 Once all bins are filled with IOTA, all remaining tokens and liquidity migrate to Magicsea 🔒 All liquidity is sent to the Nursery where holders can stake their tokens to accumulate LP tokens.

Fees

Catapus charges a flat fee of 1% on buy and sell orders, which is charged as a taker fee in IOTA. There is also a 4% migration fee charged for migration and continued support for the platform.

Does Catapus have a token themselves?

No...

Migration

Once the initial supply of tokens are sold, all IOTA and remaining tokens are automatically migrated to Magicsea. The LP token is sent to the Nursery for token holders to accumulate LP.

How do you calculate Market Cap?

There are many bonding curves that you can launch a coin along. Every token, when migrated, will launch at the same price as the last bin.

Slippage

The difference between a trade's expected and actual price during high volatility. The default is set at the current bin (0 bins of slippage); This means that your transaction will proceed IF the current bin # is the same as when you requested the transaction. you can change it anytime. You’re always prompted to sign the transactions, and the correct amounts are simulated in your wallet.

Catapus vs other platforms

• Easy token discovery with filterable selections and search capability.

• CUSTOMIZABLE BONDING CURVE, which allows more token dynamics and fairer launch process.

• CUSTOMIZABLE TOTAL SUPPLY. Choose a supply that suits your needs (1, 69B, 420T etc.).

• We collect LESS collateral on curve, so liquidity is migrated faster.

• We don't charge extra for token creations.

• Migration completes AUTOMATICALLY, INSTANTLY! compare that to minutes on other exchanges.

Is there a minimum buy amount?

Yes, the minimum buy amount is 5 IOTA to avoid spamming and chain congestion.