FAQ
QUESTIONS AND ANSWERS
We’ve created this page to address all your concerns and provide clear answers to the most commonly asked questions. Please take a moment to read through it, as it should help clarify any doubts you may have!
What will be the starting price & marketcap when trading is live?
We paused trading on both DEX and CEX at $0.01, and this will also be the starting price when we go live. Our official launch will be on Friday, 21st February at 1 PM UTC, with a marketcap of $1M.
Are my $CATBOY tokens held in a web3 wallet migrated automatically?
Tokens held in wallets like Binance, Uniswap, Coinbase, Trustwallet, and Metamask on decentralized exchanges (DEX) require manual migration. Make sure to transfer your tokens to supported wallets like Trust Wallet or MetaMask to connect to the DApp. You will need to use our dapp swapp to get your new $CATBOY tokens. Make sure to add the new ca in your wallet to see the new tokens. Don't worry if you dont see the logo or price, this is normal!
Only exchanges where $CATBOY is listed, such as MEXC and Bitget, have migrated tokens automatically.
I have problems with the swap. What could be the issue?
Not enough BNB/ETH for gas fees
Connected to the wrong blockchain
You don’t own the old tokens
Old tokens are in a different wallet than the one connected
Not using a typical DEX wallet like Trust Wallet or MetaMask
Slow internet connection
Didn't refresh the page
Didn't clear cache before using the dApp
Trying to swap with tokens you’ve already bought today
Already swapped but didn’t add the contract address (CA) to your wallet
If you’re still having trouble, try clearing your cache and ensure you're following all steps properly. Contact team if you still can not use the swapp.
I can’t find my NFTs in the dApp.
If you had NFTs listed in the marketplace before the migration and they’re no longer showing up, don’t worry! You can easily retrieve your "stuck" NFTs from your inventory.
Navigate to your Inventory Page https://dapp.catboy.io/inventory
Claim Your NFTs Once you're on the inventory page, you should see a 'withdraw button' for each NFT. Click on the button and complete the transaction.
Now your NFTs should be visible in your inventory!
Still Can’t Find Your NFTs? Try Our Recovery Page
If you're still having trouble locating your NFTs, use our recovery page to restore them:
Connect Your Wallet Go to the following link and connect your wallet: https://dapp.catboy.io/recover
Retrieve Your NFTs After connecting your wallet, your NFTs should appear, and you can easily claim them back.
Once You've Retrieved Your NFTs, Stake Them!
I think my old tokens are still in the staking pool!
No problem! If you're missing tokens that were staked in any of the pools prior to the migration, here’s what you can do:
Visit the Staking Recovery Page Go to the following link to recover your staked tokens: https://dapp.catboy.io/stakingrecover
Withdraw Your Tokens Once on the staking recovery page, you can withdraw your staked (old) tokens from the previous pools.
Swap Your Old Tokens for the New Ones! Once you've withdrawn your old tokens, head over to our Swap page to convert them into the new $CATBOY tokens: https://dapp.catboy.io/swap
Add the New Contract into Your Wallet After swapping, make sure to add the new contract address to your wallet to see your new $CATBOY tokens: Contract Address: 0xcA9b8D6df0729D85DCfc8eF8Bb18af1aD1990786
When can we start trading again?
Our official launch will be on Friday, 21st February at 1 PM UTC on DEX & CEX
What will happen with my tokens that I have in my TrustWallet/MetaMask?
You will need to use our swap, which will be available soon on our dapp, to exchange your old tokens for the new ones. Simply connect your wallet to our dapp to complete the process. You will receive a 1:1 amount of the new tokens. Please wait to use the swap untill we announce its live!
When can we SWAP our old tokens to the new ones?
Once we add the liquidity and announce that we are live, you will be able to swap your old tokens for the new ones through our dapp. Please DO NOT use the swap before we make the official announcement. CEX users will not need to take any action, as the swap will be automatic for them. -> dapp.catboy.io
We chose this method over the usual airdrop to prevent losses for users who may not be aware of the migration. The swap will be available for a few months after the migration, ensuring that everyone has enough time to complete the process.
There will be no additional fees for this swap, apart from the standard on-chain transaction (gas) fees, which are a normal part of the blockchain process.
Where can I buy $CATBOY now?
During the migration process, when we announced the stop of trading, you will not be able to buy $CATBOY anywhere. On Friday, 21st February at 1pm UTC we will go live again, then you can buy $CATBOY on DEX: Uniswap & Pancakeswap + CEX: Bitget & Mexc
When will you airdrop the tokens?
We will NOT be sending an airdrop this time. Instead, we have implemented a SWAP feature on our DApp, allowing users to manually and personally exchange their old tokens for the new ones. This will be in a 1:1 ratio. Please use the swap when we announced that its live.
What will happen with my tokens on the Exchanges?
Your $CATBOY tokens held on Bitget and Mexc will be automatically swapped for you. We are We have worked with both MEXC and BITGET to fix the migration swap. You don’t need to do anything for CEX – the tokens will be automatically swapped for you.
Will you go live first on DEX or CEX?
We will go live on both DEX and CEX on Friday, 21st February at 1 PM UTC. Please note that a 1-5 minute delay is normal during the launch.
What is the new CA?
The new contract is 0xcA9b8D6df0729D85DCfc8eF8Bb18af1aD1990786 This is for ETH & BSC the same. Do not buy before trading is live!
When will I receive the reimbursed 15% fee?
We have reimbursed the 15% penalty fee on 30/12/2024. The amount was manually sent to the wallets we collected from Etherscan. We manually refunded a total of 736,000 $CATBOY tokens (valued at $10,800 USDT) directly to the wallets.
Why Bitget pump?
Last night (28th January), the price peaked at $0.09 with a 9M marketcap on Bitget.
As previously announced, Bitget was supposed to follow MEXC’s migration plans and stop trading. Unfortunately, due to reduced staffing during the Lunar Holiday, trading was not disabled as expected on time.
Some traders took advantage of the open trading gap. We're working to fix this and have a Market Maker handling the price differences.
Please note that if you traded on Bitget after our migration announcement, we are not responsible for any losses, as this was unintended. The price has been closed at $0.01 on DEX and MEXC.
Why can I not withdraw / deposit my tokens from MEXC & Bitget?
We requested a temporary pause on trading, withdrawals, and deposits to help keep the price stable on both the exchanges and DEX as we are currently in the migration phase. This will make the migration process smoother and ensure a better experience when trading resumes
Is $CATBOY being delisted from MEXC/Bitget?
No, we are not being delisted. The announcements from MEXC and Bitget are about temporarily disabling trading, withdrawals, and deposits for maintenance. Trading will resume once the process is complete.
Why do we have to wait until February to go live?
The Lunar New Year is a major national holiday celebrated in many Asian countries, where exchanges are often based. During this time, most people are off work, so we have to wait until they return from their holiday to continue with the migration. We want to respect this holiday and ensure everything runs smoothly once they are back.
Who is your new bridge partner?
Our new partner Axelar is a major project listed on Binance that offers bridging utilities.
We will be using their software with our new contract to enhance our platform. To ensure everything functions correctly, Axelar requires a mint and burn function as part of the process.
Mint & burn?
We have introduced a mint and burn system into our contract. This new feature is crucial for supporting the bridge and preventing any loss of supply when users swap BSC tokens to ETH and vice versa.
The mint and burn mechanism is necessary to maintain stability between the two chains and ensure a smooth and balanced token supply across both networks.
So, you will burn tokens from now on?
Let us explain this part. We will not burn tokens to "decrease supply and increase" value. The reason the burn mechanism is added alongside the minting system is to ensure that the total supply across both chains remains capped at 100 million tokens. This ensures we don’t create excess supply, maintaining stability and balance between the two chains.
Which utilities will change?
We had to remove 2 utilities from the previous contract as they would conflict with the new system. These removed utilities are:
Catboy Affiliate Program
CatboyPass removal
3 token staking pools, it will change into 1 pool of 30 days
The reason for this change is that we are working towards a 0% buy tax. With the new contract, these features will no longer be necessary.
What if I don't have time now to unstake/claim my tokens?
You will still be able to "emergency" withdraw your staked tokens during and after the migration. However, please note that with an emergency withdrawal, you will only receive your initial investment, not your rewards, as this is a special emergency option. This option will be available for a limited time once we go live, giving users additional time to collect their tokens.
Do I have to unstake my NFTs?
No, you will not need to unstake your NFTs. If a new NFT contract needs to be created, we can unstake ALL NFTs from our end. In that case, we will make an official announcement and remind everyone to restake their NFTs once we go live.
My tokens are locked in the stakingpools
An emergency withdraw button has been implemented in the DApp for both ETH and BSC stakers. This button allows users to unstake their tokens if necessary. Please ensure you refresh the DApp if you cannot see the EMERGENCY withdraw button.
ETH Stakers: While there is a 15% penalty fee for ETH stakers, we will manually refund this fee later to address any unfairness caused by the current situation.
BSC Stakers: No penalty fee is applied for BSC stakers.
Is this a migration?
Recent discussions and rumors have raised questions about whether the current actions represent a typical "migration" or simply a contract update. We wish to provide transparency regarding the changes and clarify the situation. This process is an update that involves the removal and addition of features to make the contract compatible with a new bridge.
To be technically correct, this is a migration where you will receive new tokens into a new contract in your wallet. The value will be 1:1 of your current tokens holdings that are visible in your wallet.
Help, I didn't take out my NFTs from the marketplace!
We understand that some users may have forgotten about or were unaware of the migration and the steps involved. To minimize any potential losses, we've created a dedicated recovery page for those who may have lost their NFTs during the transition from the previous marketplace. If your NFTs were stuck in the old platform, don't worry, you'll be able to retrieve them after the migration process is complete.
Can we still trade $CATBOY when liquidity is removed?
No, you will not be able to trade $CATBOY until the new contract is live on the DEX. CEX will also follow once the contract update is complete.
Will the token price change after the migration?
The marketcap value will be determined by the amount of liquidity we re-add to the contract. This calculation will be made and announced at a later stage. Please be patient and wait for further announcements as we will take you through it.
What is the deadline for withdrawing my staked tokens?
At the moment, we do not have a set deadline for withdrawals, as we want to ensure all users are informed about the migration. However, we strongly encourage everyone to withdraw their tokens as soon as possible. The exact start date for the migration process is still uncertain, it can start any day.
What does liquidity unlock mean?
Liquidity "unlock" means making funds that were previously locked or unavailable accessible again. In crypto or DeFi, liquidity is often locked to ensure security or prevent market manipulation.
For our project, the liquidity was locked for 12 months and 6 months from the beginning of the launch. This means we couldn't access or withdraw the liquidity before the lock expired. Now that the lock period has ended, the liquidity is unlocked, allowing us to move it into the new contract.
As part of our plan, we will only use a portion of the unlocked liquidity to stabilize both chains with the same amount. The remaining liquidity will be allocated for other purposes, including supporting the bridge, covering costs related to the migration (such as developers salary), and refunding transaction fees, among other expenses.
What did you do to inform us about the migration?
We've been preparing for this migration for months! We've been clear from the start that we had to wait for the liquidity to be unlocked, and we hinted multiple times about a new bridge company that required some technical adjustments on our contract.
The first official announcement regarding the steps to take was posted on December 3rd here: Official Announcement. Since then, we've made sure to keep everyone updated across all our channels.
To ensure constant communication, we've:
Tweeted daily about the migration process.
Changed the group name on Telegram for better visibility.
Posted regular Telegram stories to keep you in the loop.
Our sub Twitter account, Sora, has also been actively tweeting about it.
Instagram and Tiktok stories + posts
We’re committed to keeping our community fully informed every step of the way!
I want to wait to withdraw to collect my rewards
Users who prefer to wait until their pool unlocks in a few (1,2,3,4..) days may do so, but please note that we cannot guarantee you will still be able to claim rewards with your initial tokens. We cannot confirm if the migration process will have started by then. The migration can begin at any time, and once it starts, we will announce it. This decision is still at your own risk.
Disclaimer: This page will be fequently updated, and information may change as the process progresses. Please be aware of any updates and make sure to stay up to date with the latest information.
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