The leading cryptocurrency exchange, Binance, has announced Catizen as the next project featured on their Binance Launchpool staking platform.
Until September 20, you can earn Catizen (CATI) tokens on Binance simply by staking your BNB or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the CATI token rewards.
Earn CATI Token on Binance
Binance plans to distribute 9% of the total CATI token supply to users on Launchpool. This translates to 305 million CATI tokens out of a total supply of 1 billion tokens.
85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more CATI if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool.
At the conclusion of the Catizen Launchpool campaign, Binance will list CATI on September 20.
What is Catizen (CATI)?
Catizen is a popular mini-game on Telegram that has quickly grown its user base to almost 16 million. It's a play-to-earn game where players manage and raise virtual cats, earning in-game currency called vKITTY.
Players can earn vKITTY by engaging in various activities, such as having visitors play with their cats or merging two cats of the same level to create a higher-level cat, increasing their earning potential.
Catizen is built on The TON blockchain and incorporates NFT technology, allowing players to trade their virtual cats as digital assets. The game also offers features like building and upgrading structures, participating in events, and purchasing items through so-called blind boxes that contain random in-game assets.
Overall, Catizen follows a similar mold to other popular Telegram games like Hamster Kombat and Notcoin, which allow players to earn in-game currency that can be exchanged for real money.
How to earn CATI tokens on Binance Launchpool
If you want to earn Catizen farming rewards, you’ll need a Binance account.
Create Binance Account
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Catizen farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
As a final note, here’s a quick breakdown of key dates and information about the Toncoin Launchpool campaign:
Citizen (CATI) Launchpool Start Date September 20, 2024, 00:00 (UTC) End Date September 23, 2024, 23:59 (UTC) BNB Pool Daily Rewards 76,500,000 CATI FDUSD Pool Daily Rewards 13,500,000 CATI Total CATI Rewards 90,000,000 CATI
Binance has announced it will list Hamster Kombat on September 26th! What's more, Binance users will be able to earn HMSTR tokens completely for free by participating in the Hamster Kombat Launchpool campaign. All you have to do to participate is to open your Binance account and start farming HMSTR.
Earn HMSTR Tokens on Binance
Hamster Kombat is just one of the many tap-to-earn games that have become extremely popular in recent months. Check the following list of bonuses and combos to maximize your winnings in your game of choice:
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