Ansem: ZCAT can serve as an alternative way to participate in the ZEC market, but the spot risk is relatively high.

BlockBeats news, September 13 - Crypto trader Ansem posted that the Solana ecosystem meme coin ZCAT has caught his attention and can be seen as an alternative trading method to participate in the ZEC market. ZCAT forms a trading pair with ZEC and funds its reward mechanism through a 3% token transfer tax.

The related ZEC rewards will be distributed directly to eligible ZCAT holders, enabling on-chain speculators to gain exposure to the Zcash narrative. Ansem also pointed out that the transfer tax increases trading friction, which is the main trade-off of this mechanism; he considers the design to be quite interesting but characterizes it as a higher-risk spot trade.