> For the complete documentation index, see [llms.txt](https://wiki-cat.gitbook.io/wiki-cat-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki-cat.gitbook.io/wiki-cat-docs/token-dynamics.md).

# Token Dynamics

### 1. General Details (Last Updated May 6, 2025)

#### Supply

* **Total Supply:** \
  The maximum number of WKC tokens ever created — 1 quadrillion (1,000,000,000,000,000).<br>
* **Circulating Supply:** \
  The portion of tokens currently in public hands and available for trading — 550 trillion WKC. The rest may be locked, burned, or held by the team.<br>
* **Burned Supply:** \
  Tokens that have been permanently removed from circulation.
* **Manual Burn:** \
  300 trillion WKC intentionally destroyed by the team at creation
* **Auto Burn:** \
  147 trillion WKC automatically destroyed through programmed tokenomics.
* **Total Burnt:** \
  Combined total of manually and automatically burned tokens — 447 trillion.

#### Liquidity (As at 6 March, 2025)

Primary Liquidity Pool is on PancakeSwap with major share on (WKC/BNB pair)

* **Total Liquidity:**\
  The combined value of both assets locked in the pool to enable decentralized trading.\
  **Current Total:** $412,000<br>
* **Liquidity Split:**\
  PancakeSwap uses a 50/50 model for automated market makers (AMMs), so the pool is balanced equally between:
  * **BNB Value:** $206,000 worth of Binance Coin (BNB)
  * **WKC Value:** $206,000 worth of Wiki Cat (WKC) tokens<br>
* **WKC in Liquidity Pool (LP):**\
  The number of WKC tokens currently paired with BNB in the pool.\
  Amount: 14 trillion WKC

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXch2JeqQbNcvHUjhTK6TaSfeH0-eH0laj9FS1wQrwWMeyzzRSooeDTBzQ7d7pC0TU6QqgzknsnZKoi3bH5uTMFHt7Vs8TW38gaWrzbmI0MQrMoeTOOpxe5BlEDZAXglKOJ7tIg?key=xUBjdbPKpQEDRsTzjznM2uRL" alt=""><figcaption></figcaption></figure>

### 2. How PancakeSwap Works

Wiki Cat trades on PancakeSwap, a decentralized exchange that uses the Automated Market Maker (AMM) model.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcw8XB8AFYCVj1Hl5UkZyRJCHLHt3Hp_p6NagHJj9XuJ92vt70UDIkXLABralu8q_HvR-AlNUExfpg0j14e2zcln6_uz21G3FnXdeO96cuqiPej0uCoHd3cbiwTy16pSmbIJxM?key=xUBjdbPKpQEDRsTzjznM2uRL" alt=""><figcaption></figcaption></figure>

**What Happens When People Buy Wiki Cat?**

* When users buy WKC, they deposit BNB into the pool and receive WKC in return.
* This reduces the WKC balance and increases the BNB balance in the pool.
* Due to the AMM model, the price of WKC increases as more are bought.
* The more people buy, the steeper the price climbs (slippage rises with large buys).

### 3. Buy Impact on Price

As more WKC is bought, the token supply in the pool reduces, and the price rises exponentially.

#### Example Price Impact (Simulated)

| Buy Size (USD) | Approx. WKC Received | Price Impact (%) |
| -------------- | -------------------- | ---------------- |
| $1,000         | \~67B WKC            | \~2%             |
| $10,000        | \~591B WKC           | \~25%            |
| $100,000       | \~3.9T WKC           | \~184%           |
| $1,000,000     | \~8.6T WKC           | \~480%+          |

Note: Buying $1M worth of WKC at current market cap ($7.8M) and Liquidity of $412K would push the token price up significantly (Very inefficient with current liquidity)

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcsnFnszR8WB8TZJDSSaP-ODvUjCXZH9yGaFfn92dK4pmjDugiru-H8IrP5Eyx5C5hkO2DBGUESvvTNQ-pDidCXWX2Yhq4bTlgRXU7l_1QrQXaSCHNQFwXm1x0b4IhpCBf56BdD?key=xUBjdbPKpQEDRsTzjznM2uRL" alt=""><figcaption><p>Price impact vs Buy Size Chart</p></figcaption></figure>

### 4. Can Someone Buy the Entire Supply?

No.

* The circulating supply is currently 550 trillion.
* Only 14 trillion WKC are in the PancakeSwap liquidity pool.
* Buying all 14 trillion would cause exponential price increases.
* AMM math makes it practically impossible (and extremely expensive) to "drain" the supply.<br>

### 5. Can Someone Buy $1M Worth of WKC Right Now?

Not efficiently.

* The pool has only $412,000 in total liquidity.
* A $1M buy would dramatically distort price, delivering far fewer tokens than expected.
* Most of the $1M would go toward pushing the price up, not buying more WKC.

**Solution:** Use Dollar-Cost Averaging (DCA), OTC deals, or wait for increased liquidity.<br>

### 6. What Makes WKC Price Go Up?

1. **Buyer Demand:**\
   Every buy removes WKC from the Liquidity pool and raises the price.
2. **Burns:**\
   Reducing supply (like the 447T burned so far) makes tokens scarcer.
3. **Liquidity Growth:**\
   Deeper liquidity pools enable large trades with less slippage.
4. **Utility:**\
   Real-world use, staking, governance, etc. drive organic demand.
5. **Community Hype & Listings:**\
   CEX listings and viral interest increase external demand.<br>

### 7. What Happens When an Exchange Lists Wiki Cat?

**1. They Create a New Market**

* The exchange sets up a trading pair, usually WKC/USDT or WKC/BTC.
* This is completely separate from PancakeSwap’s AMM pool.
* Prices may align initially with the PancakeSwap price but will diverge based on supply/demand on the CEX.<br>

**2. Liquidity Is Supplied**

To operate the new market, the exchange needs initial liquidity:

* Either Wiki Cat team or a liquidity provider (market maker) sends a large amount of WKC to the exchange.
* An equivalent amount of USDT, BTC, or other base currencies is also deposited.
* This inventory funds buy/sell orders so that users can begin trading immediately.

Some exchanges require the project to provide both WKC and quote currency (USDT, etc.) for listing.<br>

**3. Market Making Begins**

* Exchanges rely on market makers (bots or professionals) to provide order book depth.
* These actors place buy and sell limit orders to ensure traders can transact with minimal slippage.
* Market makers often:
* Mirror price movements from PancakeSwap.
* Profit off spreads (buy low, sell high).
* Prevent extreme volatility.<br>

**4. Price Discovery**

* The price on the CEX is set by limit orders and trade volume, not AMM math.
* It can diverge from PancakeSwap due to arbitrage or isolated demand.
* Arbitrage traders will often buy WKC where it's cheaper and sell it where it's more expensive, which stabilizes the price across platforms.<br>

**5. Trading Volume Increases**

* A CEX listing usually results in:
* Increased exposure
* Easier access (especially for non-crypto-savvy users)
* Higher volume and liquidity
* Reduced dependency on DEXs<br>

**Key Implication of Listing for Wiki Cat**

* Listings bring more eyeballs, more volume, and price action.
* But they also require strategic liquidity management — thin liquidity can lead to erratic price moves or trader frustration.
* If done right, CEX listings can act as fuel for massive adoption.