Binance has taken another significant step in the crypto world by adding Catizen, a Telegram-based gaming project, to its Launchpool platform. This move, which introduces the CATI token as the 59th project on Launchpool, has generated substantial excitement. The cat-themed game bot, hosted on Telegram, has captured the attention of both gamers and crypto investors alike. The announcement has also sparked discussions about the potential impact of this addition on CATI’s price performance.
Binance Launchpool Announces Catizen
Starting on September 16, 2024, Binance will offer users the chance to earn CATI tokens through its Launchpool by staking BNB and FDUSD. The staking period will last four days, and the CATI token will be available for trading on September 20, 2024. Users will be able to trade CATI with USDT, BNB, FDUSD, and TRY.
A Telegram-Based Game with Crypto Rewards
Catizen stands out as an innovative, cat-themed game bot that operates on Telegram’s mini-app platform. The project allows users to earn crypto while playing, and Binance’s support for such Telegram-based projects is gaining attention. The addition of Catizen to Binance’s platform has caused a stir in the crypto community, fueling expectations about the token’s potential performance in the market. Binance previously listed another Telegram-based game, Hamster Kombat (HMSTR), on Launchpool, signaling the exchange’s growing interest in this space. With Binance backing such innovative projects, CATI token could see a positive momentum in the market.
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Expectations for CATI’s Price
Historically, projects featured on Binance Launchpool have often experienced price increases when they hit the market. Early access incentives and community excitement typically lead to significant price movements during the initial trading days. Many investors are predicting a similar rise for the CATI token.
The cat-themed, game-focused nature of CATI aligns with a growing trend in the crypto space, where gaming cryptocurrencies are rapidly gaining popularity among both investors and gamers. The fact that CATI token will be listed on Binance, the world’s largest crypto exchange, adds to the anticipation. Binance’s announcement that it will be the first platform to list CATI has also warned investors about potential fake tokens. When launched, CATI will have a total supply of 1 billion tokens, with 305 million CATI (30.5% of the total supply) entering circulation initially.
During the Launchpool period, users will have the opportunity to earn 90 million CATI tokens as rewards. Of this, 76.5 million tokens will be allocated to the BNB pool, while the remaining 13.5 million tokens will go to the FDUSD pool. This process aims to broaden awareness and adoption of the CATI token.
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