POPCAT Describes Itself As

POPCAT (POPCAT) is a memecoin inspired by the viral internet meme featuring a domestic short-haired cat named Oatmeal. This meme gained widespread popularity due to its simple yet humorous depiction of the cat's mouth opening and closing, and evolved into an interactive online game called Popcat.click. The meme's success further led to the creation of the Popcat token on the Solana blockchain.

Popcat.click

The game, Popcat.click, allows users to click on an image of Oatmeal, causing the cat's mouth to "pop" open and closed, with each click contributing to a global leaderboard ranked by nation. Popcat has also expanded its presence to other gaming platforms like Roblox, where it serves as a non-playable character in games like Evade, further increasing its cultural reach. 

It’s important to note that the POPCAT token was inspired by the original meme and game, is not associated with the original creators, and does not have utility within Popcat.click. 

POPCAT Token

POPCAT is a memecoin on the Solana blockchain, driven largely by community engagement and speculative trading rather than functional or intrinsic utility. POPCAT has a total supply of 979,974,293 tokens. POPCAT is a memecoin with no intrinsic value.

About the Founders

The POPCAT token was launched by a pseudonymous team. 

Popcat.click was developed by three students from the University of Sheffield: Freddy Heppell, Joshua O’Sullivan, and Edward Hails, and launched on December 11, 2020.

Risks of TOKEN

Like an investment in other crypto assets, there are some general risks to investing in POPCAT. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in POPCAT is subject to the following specific risks:

• As a ‘memecoin’, POPCAT is a community project, led by a pseudonymous team. 
• Any potential success associated with POPCAT is reliant on the growth of its decentralized community, and their continued trading and enthusiasm for the asset. These factors are difficult to predict, and could result in very high volatility.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with POPCAT. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The POPCAT community and POPCAT founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of POPCAT have no recourse to the POPCAT community, POPCAT founding team, or Uphold if POPCAT declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing POPCAT on the Uphold Platform, Uphold performed due diligence on POPCAT and determined that POPCAT is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of POPCAT, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of POPCAT.
• Any marketing materials put forward by the POPCAT social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with POPCAT, including any code defects, security breaches and other threats concerning POPCAT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with POPCAT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of POPCAT. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.