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View ChartCat Protocol (OPCAT) is a UTXO-based token protocol built on Bitcoin, formally known as the Covenant Attested Token (CAT) Protocol. It introduces a miner-validated framework that uses smart contracts, specifically covenants, to manage token minting and transfers. Cat Protocol is a UTXO-based token protocol enforced by Bitcoin Script using covenants. Because it requires the OP_CAT opcode, which is not yet activated on Bitcoin mainnet, the protocol currently runs on OP_CAT-enabled networks such as Fractal Bitcoin; its native Bitcoin Layer 1 functionality depends on a future soft fork. The protocol also supports deployment on Fractal Bitcoin, a Bitcoin scaling/sidechain solution. Cat Protocol is described as the first CAT20 memecoin deployed on Fractal Bitcoin, a Bitcoin scaling solution. Total and max supply are 21,000,000 OPCAT. The project self-reports 21,000,000 OPCAT in circulation (100% of total supply), but this figure is self-reported and has not been verified; the registry lists circulating supply as 0. The project launched on September 10, 2024, and carries the Bitcoin Ecosystem tag.
The project provides a press contact (Shaun James, [email protected]) and an official website at opcat.vip. Detailed public information about individual developers and the founding organization is not widely disclosed; the project appears community-driven and open source, with an open source CLI tool available for deploying and minting CAT tokens. Investors and users are encouraged to review the official documentation and source code for further technical details.
Cat Protocol operates as a UTXO-based token protocol on Bitcoin, utilizing the OP_CAT opcode to enable smart contract functionality. The protocol relies on covenants, which are smart contracts that constrain how tokens can be minted and transferred. Token minting rules are enforced by minting smart contracts rather than off-chain indexers, allowing issuers to define customizable minting rules, including open mint, without seeking permission from centralized parties. Over-minting transactions are rejected directly by the network and are not mined. The protocol does not require an indexer because the token ruleset is guaranteed by Bitcoin consensus. However, it requires the OP_CAT opcode, so it is only available on OP_CAT-enabled networks such as Fractal Bitcoin; OP_CAT must be activated for Cat Protocol to function on Bitcoin. This design eliminates risks associated with indexer centralization or inconsistency. Additionally, CAT tokens support Simplified Payment Verification (SPV), enabling light clients such as mobile phones to independently verify token authenticity without trusting a central server.
Cat Protocol distinguishes itself through several core features. First, it requires no indexer, as the token ruleset is enforced by Bitcoin consensus, ensuring that tokens inherit Bitcoin's native Proof of Work security. Second, it is modular, allowing CAT tokens to be verified in Script and owned by smart contracts, which enables composability with other smart contracts and the creation of complex decentralized applications such as Automated Market Makers (AMM), lending, and staking. Third, it offers programmable minting, where minting rules are enforced by smart contracts rather than indexers, giving issuers flexibility without centralized permission. Fourth, it supports cross-chain interoperability, allowing interoperable dApps to be built on Fractal Bitcoin and trustless bridging of assets between different blockchains. Finally, it is SPV-compatible, meaning light clients can independently verify token authenticity. These features collectively position Cat Protocol as a versatile building block for expanding Bitcoin's range of applications.
Cat Protocol is used for deploying, distributing, and trading tokens on the Bitcoin network in a trustless manner. The CAT20 standard supports fungible tokens, while the CAT721 standard supports non-fungible tokens. The protocol enables DeFi use cases on Bitcoin, including trustless token deployment, distribution, and trading. Due to its modularity and composability, CAT tokens can be integrated into more complex decentralized applications such as Automated Market Makers (AMM), lending platforms, and staking mechanisms. Additionally, the protocol facilitates cross-chain bridging, allowing assets to move between different blockchains without requiring users to trust anything beyond the blockchains themselves. The first CAT20 memecoin was deployed on Fractal Bitcoin, demonstrating the protocol's applicability beyond Bitcoin Layer 1.
The Cat Protocol ecosystem is developing around the CAT20 and CAT721 token standards, with a focus on DeFi applications on Bitcoin. The protocol supports trustless token deployment, distribution, and trading, and its modular design enables integration with Automated Market Makers (AMM), lending, and staking applications. Cross-chain bridging capabilities further expand its potential by allowing assets to operate across multiple blockchains. The deployment of the first CAT20 memecoin on Fractal Bitcoin marks an early use case, and the protocol's compatibility with SPV and light clients enhances accessibility. Developer tooling includes an open source CLI tool for deploying and minting CAT tokens, which lowers the barrier for developers to build on the protocol. As a Bitcoin Ecosystem project launched in 2024, the ecosystem is in its early stages, with ongoing development focused on expanding Bitcoin's application range.
Cat Protocol does not use traditional mining or staking mechanisms for token issuance. Instead, token minting is governed by programmable minting smart contracts that enforce customizable minting rules. These rules are defined by token issuers and can include open mint configurations. Token minting is governed by programmable minting smart contracts that can enforce conditions such as predetermined time, block height, time locks, proof-of-work verifications, payment confirmation, and exclusive mints. Minting transactions are validated by miners as part of the Bitcoin network consensus, and over-minting attempts are rejected directly by the network. To participate in minting CAT tokens, users can utilize the open source CLI tool available on the official website, which provides a Quickstart guide for deploying and minting CAT tokens. There is no separate mining algorithm or staking requirement specific to OPCAT beyond the underlying Bitcoin Proof of Work security.
Keeping OPCAT tokens safe requires standard cryptocurrency security practices. Since Cat Protocol operates on Bitcoin and Fractal Bitcoin, users should store tokens in wallets that support the CAT20 and CAT721 standards or UTXO-based assets. Always verify the official website and explorer for accurate contract and token information. Be cautious of phishing attempts and email spoofing; always verify the official website and explorer for accurate contract and token information. Verify the identity of any individual or channel providing instructions through video confirmation when possible. Use hardware wallets where supported, keep private keys and seed phrases offline and confidential, and avoid sharing sensitive information. Before interacting with any smart contract or bridging service, ensure it is audited and from a trusted source. Regularly check official channels for updates and security advisories.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for OPCAT are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Cat Protocol (OPCAT) is $0.01331. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated OPCAT to USD rate at the top of BTCC’s price page. In terms of market scope, Cat Protocol records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $0. Its current circulating supply stands at -- out of a maximum supply cap of 21M.
The price volatility of Cat Protocol (OPCAT) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (21M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Cat Protocol (OPCAT) hit an all-time high (ATH) of $1.500849 on 2024-12-08 21:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.012197 on 2026-01-29 15:55. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading OPCAT futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s OPCATUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Cat Protocol, simply log into your BTCC account with USDT margin available, navigate to the OPCATUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for OPCATUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.01331), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for OPCATUSDT with zero financial risk.
Trading Cat Protocol (OPCAT) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for OPCATUSDT, and review its live price ($0.01331) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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