Crypto trader Ansem said ZCAT, a Solana ecosystem meme coin, has caught his attention as an alternative way to gain exposure to the ZEC trade. In his post, he described ZCAT as a trading vehicle linked to ZEC through a dedicated pair and a reward design funded by a 3% token transfer tax. Under that setup, eligible ZCAT holders receive ZEC rewards directly, giving on-chain speculators a way to access the Zcash narrative through ZCAT rather than holding ZEC itself. Ansem also flagged the main trade-off in the structure. The transfer tax increases trading friction, he said, which makes the product less efficient from a trading standpoint. While he called the design interesting, he added that it should still be treated as a higher-risk spot trade. His comments were reported by BlockBeats on Sept. 13.
BlockBeats reported on Sept. 13 that crypto trader Ansem said ZCAT, a meme coin in the Solana ecosystem, has drawn his attention and can be seen as another way to participate in the ZEC trade.
According to his post, ZCAT is paired with ZEC and uses a 3% token transfer tax to fund its reward mechanism. Eligible ZCAT holders receive ZEC rewards directly, giving on-chain speculators exposure to the Zcash narrative through the token.
Ansem also said the transfer tax adds trading friction, which is the main trade-off in the design. He described the setup as interesting, but said it remains a higher-risk spot trade.
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