EtherCats Teams up With SakeSwap for ILO
On March 8th, 2021, SakeSwap will provide the initial liquidity to the EtherCats token ECAT (subject to approval). Many have already acquired ECAT through the two airdrops given to early minters, but this represents the first market to trade it. The ECAT token is a hybrid utility, and governance token for the EtherCats project. It allows bearers to purchase ECAT only Bonus Cats NFTs, and other assets in the EtherCats ecosystem. ECAT is currently approved for trade on OpenSea.
EtherCats is the first NFT project to implement verifiably random packs of NFTs using Chainlink VRF. Users mint packs of cats with various properties that beyond their immediate collectable intrigue can be used down the road on the EtherCats planned platform and game. EtherCats also will move to launch a DAO with the ECAT token that will be core to the experience.
While many projects seek to take advantage of the NFT craze as a cash grab, the founders of EtherCats see things differently. Co-Founder, artist, and crypto art pioneer Nadia Khuzina says, “I will be making NFTs in five years. I will be doing them in 20. This is my specialty.” She goes on to add, “I don’t care about anything now other than my cats. They are my children.”
The project has started strong organically, and without any promotion, over 1,000 cats have been born five cute NFTs at a time. The liquidity on SakeSwap.finance will be sure to help bring EtherCats to a wider audience. As Khuzina puts it, “Some people just enjoy collecting, some people just want to be flipping something for a profit, but everyone ends up falling in love with the cats I make for EtherCats.”
EtherCats was developed by a diverse international assortment of early NFT believers who were all brought together online by the 2020 pandemic. The founding artist and animator, Nadia Khuzina, worked on creating tokenized art trading before the ERC721 standard even was published in early 2018 with her husband Woody Deck. Coming from a card collecting, and card playing background, Deck soon discovered how many NFT projects were being manipulated by collectors exploiting the quasi-random, and deterministic nature of many early NFT asset contracts. It was that revelation that lead to Chainlink VRF being integrated into EtherCats.