Looking for a gaming platform with NFTs and Play-to-Earn ‘baked’ into it? Well, you might be looking for something like Catbread. Catbread (CATBREAD) is a blockchain-based, NFT-loaded gaming platform that aims to put more coins into the hands of creators and artists. So in this article, we are going to be taking a look into the background of this coin, discussing its current state and provide you with a quick guide on how to get some of your very own.
WHAT IS CATBREAD?
Catbread is an online gaming platform or online arcade. By “inserting one coin,” i.e., depositing a CATBREAD token, gamers chip in one CATBREAD token into a collective wallet that is used to pay game designers, pay for the upkeep of the platform, and potentially launch new events and titles. Players can then compete for high scores on a retro-style scoreboard and be rewarded with unique NFTs upon completion of challenges.
In essence, the Catbreads platform is a casual style of the Play-to-Earn (P2E) gameplay loop and describes how its NFTs are “baked” into the system. In terms of a business model, Catbreads tokenomics are self-described as keeping you and your “bread” (funds) fresh.
This novel system was first launched around June of 2021 and operates via the BNB Smart Chain, or BEP20. “
In terms of the background of the coin, there is very little known publicly, with the country of origin and development team being unknown. A project may do this for a variety of reasons, and it is not necessarily an indication of a coin’s status. However, at the time of writing, Catbreads’ social media presence has been low, with its official Reddit being without posts for months, its Twitter quiet and its primary website unavailable. (Perhaps due to maintenance, but no information is available on this matter.) Regardless, Catbread is still available to be traded.
Something to perhaps note is that we here at CryptoWallet.com are not authorized to provide you with financial advice of any kind. However, it is always a wise decision to do your research into the background, status, and use case of a crypto project to ensure you avoid making potentially costly mistakes with your assets.
Step 1: Register on Fiat-to-Crypto Exchange
CATBREAD is a little different from some of the more mainstream tokens on the market, such as Bitcoin (BTC), Ethereum (ETH), or even USDT. Often these primary tokens can be purchased directly with fiat monies, however, CATBREAD cannot be purchased so directly and as such, will require a few extra steps.
But don’t sweat it; you’ll receive your CATBREAD without a hitch if you just follow along.
First things first, you need to register for a Fiat-to-Crypto Exchange. In this tutorial, we’ll be utilizing TrustWallet, which you can get from the Google Play Store or the Apple App Store. After downloading, you must create an account according to the on-screen instructions. For this, some basic KYC information, security protocols, and protection will be required.
Now put some fiat money into your new account. You may do this by wiring money directly from your bank account or by using a debit or credit card to purchase a cryptocurrency a bit more directly.
Step 2: Buy BNB with Fiat Money
After you deposit funds into TrustWallet, you can utilize those funds at any moment to trade for some BNB Smart Chain. To do this, locate the BNB Smart Chain option, select how much, and then click “trade.”
Be advised that a large number of cryptocurrency exchanges, like TrustWallet, CryptoWallet.com, and MetaMask, will provide you with a wide selection of price charts, various trading volume tools, and live market data when you use these kinds of crypto financial services. It’s a good idea to acclimatize yourself with these kinds of tools and fully comprehend how they function since, if you operate them successfully, they may be able to help you use your money in ways that could end up being more profitable.
Following your successful completion of the BNB purchase, there will now be a brief confirmation time. This procedure typically takes just under 30 minutes. However, it might take a little longer depending on the volume of traffic at the moment. The amount of BNB SmartChain and any additional funds will then be displayed on the TrustWallet display in your account.
Step 3: Transfer BNB to an Altcoin Exchange
Now, look for a cryptocurrency exchange that supports trading BNB/CATBREAD trade pairings. Due to CATBREAD’s location on the BNB Smart Chain, this process could vary slightly from that of the majority of other trading platforms. But if you follow a few simple steps, you should be able to make some CATBREAD in no time.
Check out Pancakeswap (V2) for this type of trade. Enter the desired trade details—BNB/CATBREAD. The next step is to link your TrustWallet account to this exchange. Open PancakeSwap, choose the “connect wallet” option, choose Trust Wallet, and then follow the on-screen instructions to do this. Your TrustWallet, a browser, or even a QR code scanner may all be used to do this task.
Next, decide on the quantity you wish to trade. If you’ve been following, you can now enjoy some of your CATBREAD for making it this far.
Last Step: Store CATBREAD Securely
After getting your CATBREAD you might be wondering what to do with it. We believe now is a good time to start thinking about wallet systems.
Well, you already have one wallet system, Trust Wallet! But if for some reason you want something else, you do have a few options, including dedicated hardware, the Binance Smart Chain Wallet, and MetaMask.
To move your CATBREAD, select the “Connect to a wallet” option on Pancake Swap in the top right corner of your screen. Select your preferred wallet system from the drop-down box after clicking “next.” Afterwards, as directed by Pancakswap, follow along with the directions shown on the screen. The cash from Pancake Swap should now be in your wallet.
Note: Despite not currently hosting CATBREAD, CryptoWallet.com does provide several other currencies and financial services. It also offers a variety of wallet services and high levels of security. Therefore, it’s something to watch out for in the future.
Other Useful Tools for Trading CATBREAD
So now that we’ve got you all sorted with your own CATBREAD token, we would like to provide you with a brief overview of some trading tools that you might be interested in taking a look at as you move forward in your crypto journey.
First up is Koinly! This ingenious service addresses the often fairly common problem for crypto users, which is keeping up with their regulatory and tax obligations, especially across multiple different exchanges, wallets, and platforms. While tax plans are not available on its basic free service, its paid tax software service allows crypto users to automatically keep themselves in line with their tax obligations, saving time, hassle, and potential incurred fees.
Next up is our very own CryptoWallet.com App. While we don’t want to brag, we do, however, believe that our service does offer everything a crypto newcomer or crypto enthusiast needs. The CryptoWallet.com App is something of a one-stop shop, allowing for Visa card crypto purchases, empowering cash back reward systems, and a sleek, intuitive design that makes working with crypto easy. So when you’re looking for an app/wallet/exchange system, why don’t you check out CryptoWallet.com!
Can I buy CATBREAD with cash?
CATBREAD tokens cannot be bought with fiat money, in contrast to some of the more well-known cryptocurrencies. Instead, you may buy an existing cryptocurrency like BNB, Bitcoin, or Ethereum and then trade it for the alternative coin of your choice via an exchange for other cryptocurrencies. To find out how to finish it, go to the preceding steps outlined in our guide.
Are there any quick ways to buy CATBREAD in Europe?
Purchasing CATBREAD could seem a little more challenging than other crypto purchases. Fortunately, this guidebook is appropriate for the EU, so we can guide you through each step in order.
Are there any alternative platforms to buy CATBREAD or Bitcoin with credit cards?
CATBREAD cannot be bought using fiat money, unlike other cryptocurrencies. Instead, you may buy an existing cryptocurrency like BNB, Bitcoin, or Ethereum and then trade it for the alternative coin of your choice via an exchange for other cryptocurrencies. Look at the directions above to learn how to achieve this.
But by signing up with a cryptocurrency exchange that takes credit cards, one may purchase bitcoin or a host of other more mainstay cryptos. One company that offers this service is eToro.