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- Binance, the world’s largest cryptocurrency exchange, has announced its selection for the 59th Launchpool project.
- The project chosen is Catizen (CATI), a community cryptocurrency centered around Telegram, utilizing a tap-to-earn mining mechanism.
- Binance plans to list the new altcoin CATI on September 20th at 13:00 UTC with trading pairs including CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY under the “seed tag.”
Discover the latest developments from Binance as it introduces Catizen (CATI) to its Launchpool, offering innovative opportunities for crypto enthusiasts.
Introduction of Catizen (CATI) to Binance Launchpool
On September 13th, Binance revealed that Catizen (CATI), a cryptocurrency designed around Telegram communities, will be the 59th project in its Launchpool program. Emphasizing a unique tap-to-earn mining mechanic, CATI allows users to mine coins through interactions and activities within its ecosystem.
Trading Availability and Pairings
Starting from September 20th at 13:00 UTC, CATI will be available for trading on Binance with multiple pairs: CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY. This diverse range of trading pairs will facilitate broad accessibility and liquidity for CATI investors.
Stake and Earn: Farming Opportunities
Beginning September 16th at 03:00 UTC, participants in the Launchpool will have the chance to farm CATI for four days. Investors must stake either Binance Coin (BNB) or First Digital USD (FDUSD) to participate in the farming process.
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Distribution and Rewards
The total supply of CATI is set at 1 billion tokens, with 9% allocated as Launchpool rewards. These rewards are divided into two pools: 85% for BNB stakers and 15% for FDUSD stakers, amounting to 76.5 million CATI and 13.5 million CATI respectively.
Community Engagement and Growth
Catizen (CATI)’s selection for Binance’s Launchpool highlights the growing trend of integrating social platforms with cryptocurrency projects. Telegram-based Catizen already boasts 34 million active users just this month, indicating substantial potential for user engagement and network growth. The project’s airdrop distribution is expected to conclude by the end of the month.
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Conclusion
Binance’s latest addition, Catizen (CATI), offers a compelling investment and engagement opportunity for the crypto community. By leveraging Telegram’s vast user base and innovative mining mechanisms, CATI is poised for significant adoption and utilization. The Launchpool farm starting on September 16th is an enticing prospect for investors eager to participate in the distribution of this new altcoin.
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