Binance Launchpool new coin mining Catizen has been launched, how to participate?

Binance, the world's largest cryptocurrency exchange, announced last Friday (9/13) that it has launched the Catizen ($CATI) mining pool at 8:00 am on September 16th, Taiwan time. From now on, users can mine Binance $CATI Pool stakes $BNB, $FDUSD to receive $CATI token airdrop.

According to information released by Binance, the token supply and mining quota of Catizen ($CATI) are as follows:

  • Maximum supply: 1 billion $CATI

  • Initial circulation: 305 million $CATI (30.5% of the maximum supply)

  • Total mining volume: 90 million $CATI (9% of maximum supply)

  • Mining period: From 8:00 on September 16, 2024 to 17:59 on September 20, 2024, Taiwan time, a total of four days can be mined.

  • Total mining pool rewards: $BNB mining pool 76,500,000 $CATI, $FDUSD mining pool 13,500,000 $CATI Maximum individual hourly mining: $BNB mining pool 79,687 $CATI, $FDUSD mining pool 14,062 $CATI, depending on the user’s investment $BNB, $FDUSD quantity.

Binance Launchpool Catizen new coin mining tutorial once viewed

As of the time of writing today (9/16), the $CATI new coin mining Launchpool has been opened, so this article will provide a simple tutorial:

  • The most basic threshold for Binance new currency mining is to complete identity verification (KYC). If you have not completed KYC, you can click the Binance LOGO in the upper left corner of the Binance homepage APP>Personal Avatar>Verification to complete it as soon as possible.

  • One-click staking $BNB or $FDUSD: The new coin mining pool has been opened. Users can find the mining entrance on the Binance homepage APP > New Coin Online page.

After clicking on the mining entrance, you can click the "Lock" button to invest your $BNB and $FDUSD. After completing mining with one click, you can go about your business and wait for the official settlement of the amount of $Catizen to be airdropped to you before the listing on September 20.

If you don’t have $BNB or $FDUSD, you can buy them directly on Binance. For instructions on buying and selling cryptocurrencies on Binance, you can refer to the previous articles of "Crypto City":

2024 Binance’s latest tutorial | How to register, deposit and withdraw funds, and buy and sell Bitcoin? Beginner's lazy bag to watch once

Binance Catizen ($CATI) What should you pay attention to when mining new coins?

Binance New Coin Mining provides investors with the opportunity to earn additional income using idle $BNB and $FDUSD, but it is not completely risk-free. In the past few days of mining, $BNB and $FDUSD (USD stablecoins) may be at risk of falling currency prices and decoupling the stablecoins from the US dollar, resulting in a depreciation of the principal invested by investors.

If you want to reduce the risk as much as possible, you can choose to invest in $FDUSD mining, but the amount of $CATI obtained will be relatively small; if you choose to invest in $BNB, you can short the same amount of $BNB at the same time and close the position when mining ends. To hedge against the risk of $BNB falling, this operation requires users to have sufficient understanding and experience in the use of contract tools.

What is Catizen?

According to official documents, Catizen is a unique, cat-themed social entertainment experience on Telegram that blends fun interactions with the power of the TON blockchain. As a revolutionary gaming bot, Catizen not only simplifies Web3 access, but also reduces the friction of mobile payments and changes the way users participate in decentralized technology.

Catizen builds on Telegram's massive user base and aims to be the hub of Web3 activity, combining mini-app hubs with Launchpool and the open task platform. Realizing the value of decentralized technology through a gamified attention economy, Catizen creates an ecosystem that allows users to enjoy engaging, fun, and rewarding experiences. The vision is to drive the future of Web3 entertainment, and Catizen is the heart of a vibrant, cat-inspired community.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.