Question 1

What is Wiki Cat (WKC)?

Accepted Answer

Wiki Cat (WKC) is a community meme token deployed on BNB Chain. Project materials associate it with the SMC DAO community and related ecosystem products. Its public materials focus on token supply, transaction taxes, burns, liquidity, and contract-control arrangements. Accordingly, WKC should be understood by distinguishing between its project positioning and verifiable token rules: the community and meme narrative describes its positioning, while supply caps, taxes, and liquidity-pool rules directly affect actual quantities and execution prices in on-chain transactions.

Question 2

How do WKC's supply cap and burn mechanism jointly affect token quantity?

Accepted Answer

WKC's maximum issuance was initially set at 1,000 trillion tokens, and project materials state that no new tokens can be minted. Therefore, the “cap” describes the maximum quantity the protocol permits to be created, rather than the quantity freely tradable at a given time. Tradable supply is also affected by burns. The project states that 30% of the total supply (300 trillion tokens) was sent to a burn wallet at launch; in addition, the automatic burn mechanism removes 1% from every buy, sell, or transfer. The former is a one-time initial treatment, while the latter continues to occur with qualifying transactions.

Question 3

How do taxes and burns affect actual quantities when buying, selling, or transferring WKC?

Accepted Answer

When buying or selling WKC, project rules charge a 2% tax on each transaction: 1% goes to the burn wallet and permanently leaves circulation, while the other 1% goes to the fee wallet for the SMC DAO ecosystem development described by the project. Therefore, when estimating the quantity received from the nominal pre-transaction quantity, the actual result is first affected by the 2% tax; the burn portion is no longer available, whereas the fee-wallet portion is not burned. Project materials also separately describe a 1% automatic burn covering buys, sells, and transfers, so the rules should be read without simply treating all burns as equivalent to buy-and-sell taxes.

Question 4

What do WKC's fair launch and contract ownership renunciation each mean?

Accepted Answer

WKC project materials describe it as a fair launch: there was no presale or reserved tokens, and no lockup or vesting arrangement for developers. This describes the distribution method at launch, rather than guaranteeing the subsequent holdings distribution across all addresses. The materials also state that ownership of the token contract has been renounced, so the creator can no longer modify tax rates, supply, or trading-activity rules. This arrangement limits contract-management authority; it does not itself guarantee market price, trading depth, or liquidity on third-party trading venues.

Question 5

Why can a large WKC swap have significant slippage?

Accepted Answer

In an automated market maker (AMM) liquidity pool, the balances of WKC and the paired asset jointly determine the exchange quote. When buying WKC, a trader deposits the paired asset into the pool and withdraws WKC; the pool's WKC decreases and the paired asset increases, and the marginal price for subsequent exchanges adjusts as balances change. The larger the transaction relative to pool reserves, the more noticeably execution changes those balances, and the more the actual average execution price may deviate from the pre-trade quote; this is price impact and slippage. It describes the execution result of a single swap within a liquidity pool and does not mean WKC has the same price in every market.

Question 6

How do WKC's liquidity-pool arrangements affect swaps?

Accepted Answer

The liquidity pool provides WKC and paired assets such as BNB as exchange reserves. Project materials state that its liquidity pool was locked after launch and, once the lockup period expired, permanently sent to a dead address; this description concerns the withdrawal-permission arrangement for that pool. For swappers, the reserves of both assets available for trading in the pool remain an important condition determining slippage: the more sufficient the reserves relative to the transaction size, the less likely a single trade is to significantly change the pool ratio; when reserves are relatively limited, the same trade size results in greater price impact.

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