# $CWIF

> Solana's catwifhat meme coin.

**Published by:** [Notation](https://paragraph.com/@notation/)
**Published on:** 2024-05-14
**URL:** https://paragraph.com/@notation/cwif

## Content

Concept and PurposeIt’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 ($WIF)They want to bring deflationary token economics to the world of meme-coins.Their burn extension has showed that its done workThey started with 77 Trillion tokens, and have burned over 50% since 2023. Development Team & Community$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, and coinmarketcap.comDemandAlthough $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 $CWIF. Their new website also allows them to see the interaction from the community.Risk/RewardAs always with any meme-coin there are going to be risk. Do not put more than you can afford to lose into the market.$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 sucksPartners and CollaborationsI couldnt find any collaborations or partnerships on their X (Twitter) page, even on their website I couldnt find anything so lets go with none.SustainabilityAlthought $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.ConclusionI 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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