Lucky Cats is a unique ecosystem of decentralized, blockchain-based iGaming. The project has the potential to become a leading iGaming and staking platform as it is already attracting significant interest across the world.

Additionally, one of the biggest competitive advantages Lucky Cats has is its drive for development. While KATZ is starting out as an iGaming and staking platform, KATZ hopes to spread its services among numerous different spheres such as KATZ Wallet App, KATZ Academy, and KATZ private launchpad.

Within the crypto industry, a coin burn is a deflationary mechanism that is used to permanently remove coins from circulation. Most cryptocurrency projects, including Lucky Cats, periodically burn coins to sustain the value of their digital asset and create a deflationary effect.

In the case of Lucky Cats, the iGaming platform has in mind to destroy up to 25 million KATZ tokens through its quarterly burns, accounting for 25% of its total supply.

KATZ utilizes two coin-burning mechanisms. The first mechanism consists of burning a portion of the tokens generated from all games played on Lucky Cats iGaming platform, and the second is its quarterly KATZ burning events, where the number of tokens to be burned is calculated using a formula based on the total revenue earned from the games played in Lucky Cats and KATZ's average dollar-denominated price during the quarter.