Binance, the world’s leading cryptocurrency exchange, has announced the 59th project to be featured on its Launchpool – Catizen (CATI). This latest addition is a unique, cat-themed gaming bot built on the Telegram mini-app platform. With trading set to begin on September 20, 2024, Binance will be the first exchange to list the CATI token. Let’s dive into the details of what Catizen is, how the Launchpool works, and what users can expect from this new token.
What is Catizen (CATI)?
Catizen is a gaming bot that leverages the Telegram mini-app platform to offer a playful, cat-themed experience for users. It is built on the Ton Network, a blockchain designed to support scalable applications and services. With its feline-centric theme and integration into the widely used Telegram app, Catizen aims to capture a large audience of gaming and crypto enthusiasts.
Binance Launchpool Overview
Launchpool allows Binance users to stake their tokens (BNB, FDUSD, or others) to farm new tokens before they are listed on the exchange. This gives users early access to promising projects. For Catizen, the farming will start on September 16, 2024, at 00:00 (UTC) and will run for four days until September 19, 2024, at 23:59 (UTC). Users who stake BNB or FDUSD during this period will earn CATI tokens as rewards.
Key Details of CATI Token Launch
Token Name: Catizen (CATI)
Total and Max Supply: 1,000,000,000 CATI
Launchpool Token Rewards: 90,000,000 CATI (9% of the total supply)
Initial Circulating Supply: 305,000,000 CATI (~30.5% of the total supply)
Smart Contract/Network: Ton Network
Binance will open trading for CATI on September 20, 2024, at 10:00 (UTC), with the following trading pairs:
CATI/USDT
CATI/BNB
CATI/FDUSD
CATI/TRY
The Seed Tag will be applied to CATI during its listing, indicating it is a newly launched token with limited trading history.
How to Participate in Catizen (CATI) Launchpool
Binance users can participate in the CATI Launchpool by locking their BNB or FDUSD tokens to farm CATI over the four-day farming period. The rewards for staking are as follows:
BNB Pool: 85% of total rewards (76,500,000 CATI)
FDUSD Pool: 15% of total rewards (13,500,000 CATI)
The pool's hourly hard cap per user will be:
BNB Pool: 79,687 CATI
FDUSD Pool: 14,062 CATI
Farming will take place daily from September 16 to September 19, 2024, with the following distribution per day:
Total Daily Rewards: 22,500,000 CATI
BNB Pool Daily Rewards: 19,125,000 CATI
FDUSD Pool Daily Rewards: 3,375,000 CATI
Users can begin locking their BNB and FDUSD once the corresponding webpages go live, approximately 24 hours before the farming begins. Each day of farming will last from 00:00:00 to 23:59:59 UTC.
Tokenomics of CATI
Catizen has a maximum total supply of 1 billion CATI tokens. Of this, 9% will be distributed through Binance’s Launchpool. When the token is listed on Binance, approximately 30.5% of the total supply will be in circulation, or 305,000,000 CATI.
The token will operate on the Ton Network, known for its high scalability, making it an excellent choice for the gaming ecosystem.
Key Dates to Remember
1. Launchpool Farming Period:
Start: 2024-09-16 00:00 (UTC)
End: 2024-09-19 23:59 (UTC)
2. CATI Token Listing on Binance:
Trading Starts: 2024-09-20 10:00 (UTC)
3. Trading Pairs:
CATI/USDT
CATI/BNB
CATI/FDUSD
CATI/TRY
Participating in Launchpool: KYC and Terms
Participation in Binance Launchpool for CATI requires KYC (Know Your Customer) verification. Users who are already Binance account holders and have completed the necessary identity verification steps can easily join the farming process.
Before participating, users should review Binance's Launchpool terms, which apply to all token farming activities. As with all cryptocurrency investments, users are advised to conduct their own research to assess the risks involved.
Final Thoughts
Catizen (CATI) represents an exciting new addition to the world of gaming and cryptocurrency. Built on the Ton Network and integrated into the Telegram platform, Catizen has the potential to attract a large user base. With its initial farming taking place on Binance’s Launchpool, users have a unique opportunity to earn CATI tokens ahead of its official listing on September 20, 2024.