Catizen (CATI) Token Launches on Binance Launchpool
Binance has unveiled its 59th project on the Binance Launchpool: Catizen (CATI), a unique, cat-themed gaming bot built on Telegram's mini-app platform. The token is set to make its debut with trading scheduled to begin on September 20, 2024, at 10:00 AM UTC. Ahead of this, Binance has warned users to be cautious of any claims of token sales before this date, as these are likely false.
CATI Launch on Binance: A Detailed Look
Catizen (CATI) provides users an opportunity to engage in a new decentralized gaming experience, especially designed for Telegram users. CATI’s farming will begin on September 16, 2024, allowing participants to lock their BNB and FDUSD tokens to earn CATI rewards through airdrops over a four-day period. This feature enables users to benefit early by participating in the Launchpool, which is often a key part of Binance's strategy to promote new projects.
Key Dates:
- Farming Start: September 16, 2024 (00:00 UTC)
- Trading Start: September 20, 2024 (10:00 UTC)
Upon its listing, CATI will be available for trading with several key pairs, including CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY. The token will also feature the "seed" tag, which is frequently assigned to early-stage projects.
CATI Tokenomics and Launchpool Rewards
Binance has announced the total supply of CATI to be capped at 1 billion tokens, with 305 million tokens (~30.5% of the total supply) circulating once it is listed. A substantial 90 million tokens (9% of the total supply) will be available as rewards through the Binance Launchpool.
To earn these rewards, users will need to lock either BNB or FDUSD in the specified pools. The breakdown of the reward distribution is as follows:
- BNB Pool: 76.5 million CATI tokens (85% of total rewards)
- FDUSD Pool: 13.5 million CATI tokens (15% of total rewards)
The farming period will last from September 16, 2024, to September 19, 2024, with users required to meet Binance's KYC (Know Your Customer) standards to participate. There will be an hourly cap per user for token rewards:
- 79,687 CATI in the BNB pool
- 14,062 CATI in the FDUSD pool
Catizen’s Ton Network and Future Potential
Catizen operates on the TON Network, a blockchain platform optimized for fast, decentralized applications. This strategic integration allows CATI to tap into the advantages of scalability and security that Ton offers, especially with its growing ecosystem of mini-apps, particularly within the Telegram platform.
The project's thematic focus on cats, combined with its gaming interface, makes it an engaging platform for casual users, while the decentralized nature offers the added benefit of financial incentives via token staking and farming. CATI’s listing on Binance also gives the project a significant credibility boost, allowing it to reach a wider audience and facilitating easier access for trading and farming.
What to Watch for in CATI’s Launch
With the farming period rapidly approaching, users looking to maximize their CATI rewards should keep a close watch on Binance’s Launchpool terms. Moreover, Binance’s clear emphasis on security highlights the importance of user diligence, particularly around the timeline for token release. Any sales claims prior to the official launch on September 20, 2024, should be approached with caution, as these could be misleading or fraudulent.
As CATI gears up for its official launch, it will be interesting to observe how this cat-themed gaming token, built on a widely popular messaging platform, performs in the broader crypto space. Binance’s strong backing and the integration with the Ton Network could set the stage for future growth and expansion.