The first Chia Asset Tokens – or CATs – have hit Testnet, with some very interestingly named tokens so far. It also appears from the screenshots that Chia will be verifying tokens. These 4 tokens, Asteroid, Energy, Water and Marmotcoin (obviously the best coin), are available at the following chia-blockchain branch and you can check it out now if you want to build a copy of the branch for testnet.
This is a pretty big deal, and as discussed previously here, CATs will serve as the backbone for all sorts of on-chain applications; from Decentralized Finance to Automated Market Makers (AMMs) to scamming idiots with meme coins. Based on this, and comments made by Gene Hoffman, COO and President of Chia Network, in Keybase it sounds likely that we are going to get details on the codeword projects some time in November.
Many of our future customers and partners, whose projects we are already implementing, like to control the timing of their announcements. Our internal folks generally know who these customers/partners are and they are exciting real world use cases. I expect a busy November talking about a few of their projects (quite a few customers have more than one project)
Gene Hoffman, COO and President Chia Network Inc
It also sounds like there are a lot more paying customers than the few that have been discussed in public before. I, like most of us farming Chia, am very interesting to see what November rains down on us.
