Chia Coloured Coins/Tokens are Now Called CAT’s

Chia's token naming standard has changed to reflect more in line with its purpose.

Chia Network have decided to change the naming standards of the tokens that will be created on the Chia Blockchain. In future, tokens will be named CAT which stands for “Chia Asset Token”

There may be different levels which start at CAT1, CAT1.1 and so on etc.

Chia Asset Tokens are essentially the opposite of NFT’s. NFT stands for “Non Fungible Token” these tokens do not hold any asset value.

CAT’s are tokens that use the Chia Blockchain infrastructure. A Chia CAT Coin would be an asset coin and hold asset value. Chia describes it as “a divisible and fungible token”.

At the moment only CAT1 exists. CAT2 may come in the future but the main point is, while still valid, they are not called “CAT Tokens”

Calling them CAT tokens would imply “Chia Asset Tokens Tokens”

If anything they would be called CAT’s or CAT {insert coin name here} tokens.

Not confusing at all 😂

Hello there! My name is Darren and i am a hobbyist/homelab/crypto enthusiast. If you liked this post please consider signing up for a Digital Ocean account using my link and you will receive $100 in free credit while at the same time helping me to cover the costs of my servers. Thank you!

XCH: xch1hrumdza9u6slw5hz343p3yh954wvjs4rqnqdkq6huanctf0vytzqqkahxk
BTC: 1BVwmPMt6kxRe88EKhThJviFp3M4MhubTA
ETH: 0xa958d40518d76168BB795947Bf96AafD6bccc177
LTC: MBJdCsnZXDuXBYme6Ur7VFAeYw4LTFM9CP
BAT: 0xab574A09fFf2aa391658D3D048265ad1401cA7AF
DOGE: DBCchyovcTXSioWM392kKydJxY5nyECYFB
SCP: 9f2feed9f29f3f8035e4ae2a33837ae4affa0a5b5773bcc5a33a4abb041e82e2cccb318c78ef
Share This Guide!
Default image
Darren Bennett
Articles: 37