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Hashcats 😼
@hashcats_rh
A proof-of-work collection on Robinhood chain
3 Following    4.6K Followers
staking should pay, so we're paying into it too. today we burned 10,000 $HASH - bought on the open market, out of our own pocket - into staked cats picked at random, and into cat #1#. every burn raises that cat's status and sends half to everyone staked right then. there will be more. we won't say when, or which cats. and #1# - named kitty ( tier 4 of 5 - we're giving away. tell us what you love about Hashcats, and one thing you'd want us to build. one winner takes the cat. the best ideas won't be forgotten.
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two bounds, both written into the contract, neither of them ours to move. floor - any epoch 10 cat burns for exactly 1,000 hash-2:native. a cat cannot be worth less than that. ceiling - a cat mints for 0.16368 ETH and burns for 1,000 hash-2:native, so hash-2:native cannot sustainably trade above 0.00016368 ETH. hash-2:native sits at 63.6% of its own ceiling. and it is about to have a reason to be held. meow 😼
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