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What is mCat?

An algorithmic stable coin, pegged to the price of 1 MATIC via seigniorage. The $KITTY algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Polygon network. The protocol's underlying mechanism dynamically adjusts $KITTY's supply, pushing its price up or down relative to the price of MATIC.

Full description of mCat

An algorithmic stable coin, pegged to the price of 1 MATIC via seigniorage. The $KITTY algorithmic Token (?) serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Polygon network. The protocol's underlying mechanism dynamically adjusts $KITTY's supply, pushing its price up or down relative to the price of MATIC.
  • Exchange symbol (?): MCAT
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS