CatBread plans to develop an NFT-driven GameFi ecosystem by utilizing multiple P2E models. Play-to-earn is an economic model for gaming based on cryptocurrency tokens that connect game economics with real-world finance. 

CATBREAD, the platform’s token, is meant to be the primary transactional currency that uses memeability as well as function within the CatBread ecosystem. CATBREAD has a burn mechanism that visibly impacts the overall supply. This burn mechanism works through the dead wallet, which also receives reflections. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

The first 10,000 NFTs minted on the platform are supposed to increase stats and other perks when breeding is released. CatBread is also planning to release its first-ever collection of random NFTs in collaboration with Pancakeswap.

Furthermore, CatBread seeks to develop a new P2E system in order to abandon the ticket system. Arcade games aim to be free to play on the CatBread platform. However, users would have to choose one of CatBread’s NFTs through slotting in the arcade to start earning rewards from playing.

According to the website of CatBread, this new play-to-earn model aims to be implemented in three phases as the prize pool grows.

• Community prize pool: 20%.

• 1st prize winner: 40%.

• 2nd prize winner: 25%.

• 3rd prize winner: 15%.

Bee is the cofounder of CatBread with experience as a digital designer. Merc has been the cofounder and project lead of CatBread, involved in crypto markets for five years. Hossam is the cofounder and web lead with several years of working experience in various top London agencies. 

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