Bybit will formally checklist CATS Coin, a memecoin constructed on The Open Community (TON) blockchain, on October 8. Merchants can take part within the Cats airdrop itemizing and start buying and selling the token on Bybit’s platform. The CATS Coin itemizing follows an energetic interval of pre-deposits, which began on September 30. Withdrawals will turn into accessible on October 9, permitting customers full entry to their tokens.
Bybit Launchpool Introduces Staking for CATS Coin
Furthermore, together with the itemizing, Bybit is launching a CATS Coin Launchpool occasion from October 8 to October 15, 2024. This occasion affords customers the chance to stake CATS, USDT, or MNT and earn a portion of 20 billion CATS tokens in rewards. The staking course of permits customers to lock their tokens within the pool and obtain every day yield primarily based on their contributions.
Bybit divides the staking rewards as follows:
- The CATS Pool affords 4 billion CATS tokens in rewards.
- The MNT Pool gives 6 billion CATS tokens.
- The USDT Pool options 10 billion CATS tokens.
Subsequently, customers will mechanically obtain their yield into their accounts every day, starting the day after they begin staking. They’ll additionally withdraw their staked tokens at any time, however they won’t earn yield on the day of withdrawal.
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CATS Coin Trading Choices on Bybit
Beginning on October 8, customers can commerce CATS Coin on Bybit, profiting from Bybit’s Spot Grid Bots, which automate buying and selling methods. The platform permits merchants to execute a number of trades mechanically, serving to them optimize their buying and selling in fast-paced market situations.
Alongside Bybit’s Launchpool, HashKey International has additionally launched a Pre-Deposit Marketing campaign with a prize pool of 100 million CATS tokens.
Moreover, customers who deposit CATS tokens through the marketing campaign, working from October 4 to October 6, will obtain a 500% CATS bonus on their deposits. The marketing campaign operates on a first-come, first-served foundation, with rewards capped at 50,000 CATS per person. For instance, a person depositing 10 CATS will obtain an extra 50 CATS, incomes a complete of 60 CATS.
Tokenomics and Airdrop Particulars
Notably, the CATS Venture has a complete provide of 600 billion tokens, with 55% allotted for airdrops. Particularly, the venture break up the airdrops into two seasons, starting with Season 1, the place 180 billion CATS tokens can be distributed. To qualify for these rewards, customers should maintain an OG move and full platform actions like AI farming and every day transactions. After Season 1, the venture will launch Season 2, specializing in AI-powered picture farming, the place customers can create customized CAT Profile Footage (PFPs).