Frequently Asked Questions

Everything you need to know about CatReads

What is CatReads?
CatReads is a squad trading platform for Solana degens. It lets groups coordinate trades through Discord, copy successful traders automatically, and hit token launches together with maximum impact. Think of it as your squad's trading bot that executes everyone's trades simultaneously when opportunities arise.
How does squad trading work?
When a trader with the 'cattrader' role spots an opportunity and calls it in Discord, everyone with a vault who opted in gets the same trade executed instantly. This means:
  • 50+ people can buy a token within seconds of launch
  • Your squad hits the same entry price
  • No one gets left behind due to slow fingers
  • Maximum buying pressure when it matters
Perfect for memecoin launches where speed and volume determine winners.
Can I copy trade successful callers?
Yes! That's the whole point. Find alpha traders in your Discord servers and when they call plays, you automatically follow. You can:
  • Join multiple Discord servers with different trading styles
  • Opt in/out per server based on performance
  • Set your own position sizes
  • Auto-sell when the caller sells
It's like having successful traders trade for you 24/7.
Is this safe for degen trading?
Your funds are in a non-custodial vault - only YOU can withdraw. The bot can only execute trades, never steal funds. This means:
  • Scammer-proof: Vault only trades, can't transfer out
  • Transparent: Every trade on-chain, fully auditable
  • Emergency exit: Close vault anytime, get everything back
Degen responsibly - the gains are risky enough without worrying about custody.
How do I create a vault?
Creating a vault is simple:
  • 1. Login with your Discord account
  • 2. Connect your wallet (Phantom, Solflare, Backpack, or Glow)
  • 3. Click "Create Trading Vault"
  • 4. Approve the transaction in your wallet
  • 5. Deposit SOL to start trading
The one-time vault creation fee is 0.005 SOL.
Can I withdraw my funds anytime?
Yes! You have complete control over your funds at all times. You can:
  • Sweep all SOL back to your wallet instantly
  • Sweep any tokens held in the vault
There are no lock-up periods or withdrawal restrictions.
Why does sweeping tokens cost SOL?
When sweeping tokens to your wallet, you might need to pay a small amount of SOL because:
  • Token Account Creation: If you don't have an Associated Token Account (ATA) for that token in your wallet, one needs to be created
  • Rent for Token Account: ~0.00203928 SOL is required as rent for the new token account
  • This is a Solana requirement, not a platform fee
The rent is recoverable if you close the token account later. If you already have a token account for that mint, sweeping should only cost the network fee (~0.00025 SOL).
Is there a minimum balance requirement?
The minimum balance to create a vault is 0.01 SOL. For trading, we recommend maintaining at least 0.1 SOL to cover transaction fees and ensure smooth operation. There's no maximum limit - you can deposit as much as you need.
How do I join a trading squad?
1. Create your vault at catreads.io
2. Join Discord servers with active trading
3. Use /optin in servers you trust
4. You'll now auto-trade when 'cattraders' call plays

Start with smaller amounts in new servers until you verify the callers' track records. Check server leaderboards to see who's actually printing.
What's the difference between cattrader and catreader?
cattrader: Can execute trades for the squad. These are your alpha callers, experienced traders, or squad leaders.

catreader: Follows the trades automatically. This is you if you want to copy trade.

You can be both! Be a cattrader in servers where you find gems, and a catreader in servers when you want passive income.
Can I choose which servers to trade in?
Yes! You have full control per server:
  • /optin - Join squad trading in that server
  • /optout - Pause trading in that server
  • Different risk levels for different squads
  • Track performance per server
Join high-conviction plays in trusted servers, skip the sketchy ones.
How do server-specific sells work?
When /catsell is called, it only sells tokens bought in THAT specific server. This means:
  • Server A's trades don't affect Server B's positions
  • Each squad manages their own entry/exit
  • You can hold the same token with different strategies per server
  • Clean tracking of profits per squad
This prevents one server from dumping another server's bags.
How fast are the snipes?
Sub-second from Discord command to on-chain execution. We use:
  • Premium APIs for best prices and slippage calculation
  • Multiple bot wallets for parallel execution
  • Optimized RPCs for fastest block inclusion
  • Pre-signed transactions for instant sends
When someone calls a stealth launch, your squad can be in the first block.
What happens during a pump?
When your squad coordinates:
  • Everyone enters at roughly the same price
  • Combined buying creates momentum
  • Auto-sells can be triggered at target multipliers
  • Squad leader can call partial sells (25%, 50%, etc)
Remember: coordinate with your squad, but always DYOR. Not all pumps sustain.
What tokens can I trade?
You can trade any token available on Solana DEXs, including:
  • Major pairs (SOL, USDC, USDT)
  • Popular memecoins
  • New token launches
  • Any SPL token with liquidity
The bot automatically finds the best liquidity pools for your trades.
Can I set different amounts per server?
Currently, you set one trading amount for all servers. However:
  • You can opt in/out per server
  • Sells are tracked per server (can sell tokens bought in specific servers)
  • Different squads = different risk levels
Pro tip: Keep smaller amounts for high-risk degen plays, increase for established tokens.
How can I verify the smart contract?
All trades execute through our Solana smart contract. You can verify it on-chain:

Program ID:
EpPijNbjpx2rqXJJuziijf49VbYeu8ZP2W9TXAUcADsn

View on Solscan →

You can inspect all transactions, verify the code logic, and confirm that withdrawal functions require your wallet signature.
How secure is my vault?
Your vault is protected by multiple security layers:
  • Smart contract enforces withdrawal restrictions (only you can withdraw)
  • Multi-signature verification for all operations
  • No admin keys or backdoors
  • On-chain transparency - all transactions are verifiable
  • Isolated vault architecture prevents cross-contamination
Can the team access my funds?
No. The smart contract is designed so that only the vault owner (you) can withdraw funds. The team, admins, and even the trading bot cannot withdraw your assets. The bot can only execute trades according to your commands. This is enforced at the smart contract level and cannot be overridden.
What is a smart contract?
A smart contract is code that runs directly on the blockchain. It automatically handles deposits, withdrawals, and group trades without relying on a middleman. Once deployed, it executes exactly as written — no one (not even us) can change how it behaves.

This means when you and your crew pool funds, the rules of the vault are enforced by the contract itself, keeping everything transparent and trustless.
What happens if the platform goes offline?
Your funds remain safe and accessible:
  • The vault exists on-chain independent of our platform
  • You can always interact directly with the smart contract
  • Withdrawal functions work without our infrastructure
  • Your wallet always maintains ultimate control

Emergency Token Recovery (if platform is down):
You can sweep tokens directly using:
  • Solana CLI: Call the sweepTokens function on contract
  • Other tools: Any Solana interaction tool
  • Custom script: Use web3.js to call the contract directly
  • Required: Your wallet's private key (which only you have)
Your funds are never dependent on our platform's availability.
How much does this cost?
Transparent pricing with no hidden fees:
  • Trading Fee: 1.42% per trade (applies to both buys and sells)
  • Vault Creation: 0.005 SOL one-time setup fee
  • No Monthly Fees: You only pay when you trade
  • Free Withdrawals: Move funds in and out at no cost
Solana Network Costs:
  • Vault Rent: ~0.008 SOL (fully recoverable when closing vault)
  • Token Accounts: ~0.002 SOL per new token (standard Solana requirement)
  • Solana Gas Fees: 0.000005 - 0.00025 SOL per transaction

Note: Token account rent is a Solana blockchain requirement for holding tokens. Future updates will allow you to close unused token accounts and recover their rent.

How is the commission calculated?
The 1.42% commission is calculated on the input amount of each trade. For example:
  • Buy 1 SOL worth of tokens → 0.0142 SOL commission
  • Sell tokens for 1 SOL → 0.0142 SOL commission
The commission is automatically deducted during trade execution.
Are there any hidden fees?
No hidden fees whatsoever. All fees are clearly stated:
  • No monthly subscription fees
  • No deposit or withdrawal fees
  • No inactivity fees
  • No premium features locked behind paywalls
Why is the commission so low?
Our efficient architecture allows us to offer competitive rates:
  • Automated smart contract execution reduces overhead
  • Direct integration with DEXs eliminates middlemen
  • Volume-based optimization lowers per-trade costs
  • Focus on long-term user retention over short-term profits
We believe in sustainable, fair pricing that benefits our users.

Still have questions?

Contact us at support@catreads.io or reach out through our community