Binance announced on September 13 that Catizen (CATI), a Telegram-focused community cryptocurrency that uses a tap-to-mine mechanism to earn coins, has been selected as the 59th Launchpool project.

9% of CATI, which has a total supply of 1 billion, will be distributed as rewards in the Launchpool. Additionally, the entire supply of the token will be released into the market. There will be 2 different pools in the rewards program and 85% of the rewards will be in the BNB pool and 15% in the FDUSD pool.

76.5 million CATI shares were allocated to users who staked BNB and 13.5 million to users who staked FDUSD.

Binance says the site will be ready within 24 hours.

Binance announced that it will list new altcoin CATI on September 20 at 1:00 PM GMT with trading pairs CATI/USDT, CATI/BNB, CATI/FDUSD and CATI/TRY as “Seed Tags”.

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