# $CWIF

*Solana's catwifhat meme coin.*

By [Notation](https://paragraph.com/@notation) · 2024-05-14

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**Concept and Purpose**

*   It’s a cat with a hat (catwifhat). Its made using the solana block-chain, It uses a auto-burn of 4% per transaction. It has a coin to go against as well ($WIF)
    

*   They want to bring **deflationary token economics**  to the world of meme-coins.
    

*   Their burn extension has showed that its done work
    
*   They started with 77 Trillion tokens, and have burned over 50% since 2023.
    

**Development Team & Community**

*   **$CWIF doesn’t tell you the ID of who made the coin, but they are fairly consistent on posting, reposting, and interacting with the community.**
    
*   Their team does work on updating their coins market-cap, and everything else for tools such as [**coingecko.com**](http://coingecko.com), and [**coinmarketcap.com**](http://coinmarketcap.com)
    

**Demand**

*   Although $CWIF might be high in popularity and demand, it is a meme-coin and can have high demand but usually in a short-lived demand.
    
*   A reason $CWIF might be in high demand is because of its 4% burn extension. It gives a higher chance of success as the coins supply will keep going down and down until there are none left.
    
*   Using X (Twitter), you can find a good bit of post's and memes on $CWIF. Their new website also allows them to see the interaction from the community.
    

**Risk/Reward**

*   As always with any meme-coin there are going to be risk. Do not put more than you can afford to lose into the market.
    
*   $CWIF is a low price asset large amounts of money can go up and down just as fast.
    
*   Its price is very low $0.0000005-8, this means if you catch a nice pump with a good investment you could have a nice return profit.
    
*   You will always lose 4% of your profits or what you invested into the coin. It sucks
    

**Partners and Collaborations**

*   I couldnt find any collaborations or partnerships on their X (Twitter) page, even on their website I couldnt find anything so lets go with none.
    

**Sustainability**

*   Althought $CWIF had its pump near the start around Feb & March 2024. It had fell back down to very low, now its starting it's rise back up.
    
*   Up 190% in the past 7 days.
    

**Conclusion**

*   I myself invest into $CWIF, but you dont know me **ALWAYS DO YOUR OWN RESEARCH!!**
    
*   With $CWIF having a burn extension I think that sooner or later you will gain profits, it also depends on the time you bought.

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*Originally published on [Notation](https://paragraph.com/@notation/cwif)*