Binance Adds Catizen As 59th Project On Launchpool, CATI Price Rally Ahead?

Binance Launchpool has revealed its support for the Telegram-based game Catizen, adding CATI as the 59th project. The announcement has sparked market interest, especially amid the soaring hype over the cat-themed gaming bot built on Telegram. Besides, it also sparked discussions over the potential implication of the announcement on the crypto’s price after it starts trading.

Binance Launchpool Announces To Add Catizen

Binance announced the addition of Catizen to its Launchpool, enabling users to earn CATI tokens through airdrops by locking BNB and FDUSD. According to the recent announcement, the farming period for the crypto is set to begin on September 16, 2024, and will last for four days.

Upon completion, the exchange will list CATI on September 20, 2024, offering trading pairs with USDT, BNB, FDUSD, and TRY. Notably, the project has generated significant buzz due to its unique cat-themed gaming bot, which operates on the Telegram mini-app platform.

In addition, this development marks the exchange’s growing interest in supporting Telegram-based games, following its recent addition of Hamster Kombat (HMSTR) as the 58th project on Launchpool. Besides, the trend highlights Binance’s strategic shift towards embracing innovative gaming projects, which is anticipated to impact CATI’s market performance positively.

Will It Spark CATI Price Rally?

The announcement of Catizen’s addition to Binance Launchpool has sparked optimism among traders, with many speculating on a potential price rally for CATI. Historically, tokens introduced on Launchpool have often experienced heightened interest and price surges during their initial trading phases, driven by early access incentives and community excitement.

In addition, the cat-themed nature of the crypto, combined with its integration on Telegram, aligns with a growing trend and market interest towards gaming crypto. Besides, the listing of CATI by one of the top crypto exchanges has fueled expectations that the crypto will gain notable attention.

Meanwhile, the crypto exchange has emphasized that it will be the first platform to list CATI, cautioning users against false advertising of the token’s availability before the official trading start date. Notably, the announcement showed that the token will debut with a total supply of 1 billion, with an initial circulating supply of 305 million CATI, around 30.5% of the total supply.

During the Launchpool phase, users can earn a portion of the 90 million token rewards by participating in designated pools. Precisely, 76.5 million CATI tokens will be allocated to the BNB pool, while 13.5 million tokens will go to the FDUSD pool.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.