Bybit will officially list CATS Coin, a memecoin built on The Open Network (TON) blockchain, on October 8. Traders can participate in the Cats airdrop listing and begin trading the token on Bybit’s platform. The CATS Coin listing follows an active period of pre-deposits, which started on September 30. Withdrawals will become available on October 9, allowing users full access to their tokens.
Bybit Launchpool Introduces Staking for CATS Coin
Moreover, in conjunction with the listing, Bybit is launching a CATS Coin Launchpool event from October 8 to October 15, 2024. This event offers users the opportunity to stake CATS, USDT, or MNT and earn a portion of 20 billion CATS tokens in rewards. The staking process allows users to lock their tokens in the pool and receive daily yield based on their contributions.
Bybit divides the staking rewards as follows:
- The CATS Pool offers 4 billion CATS tokens in rewards.
- The MNT Pool provides 6 billion CATS tokens.
- The USDT Pool features 10 billion CATS tokens.
Subsequently, users will automatically receive their yield into their accounts each day, beginning the day after they start staking. They can also withdraw their staked tokens at any time, but they will not earn yield on the day of withdrawal.
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CATS Coin Trading Options on Bybit
Starting on October 8, users can trade CATS Coin on Bybit, taking advantage of Bybit’s Spot Grid Bots, which automate trading strategies. The platform allows traders to execute multiple trades automatically, helping them optimize their trading in fast-paced market conditions.
Alongside Bybit’s Launchpool, HashKey Global has also introduced a Pre-Deposit Campaign with a prize pool of 100 million CATS tokens.
Additionally, users who deposit CATS tokens during the campaign, running from October 4 to October 6, will receive a 500% CATS bonus on their deposits. The campaign operates on a first-come, first-served basis, with rewards capped at 50,000 CATS per user. For example, a user depositing 10 CATS will receive an additional 50 CATS, earning a total of 60 CATS.
Tokenomics and Airdrop Details
Notably, the CATS Project has a total supply of 600 billion tokens, with 55% allocated for airdrops. Specifically, the project split the airdrops into two seasons, beginning with Season 1, where 180 billion CATS tokens will be distributed. To qualify for these rewards, users must hold an OG pass and complete platform activities like AI farming and daily transactions. After Season 1, the project will launch Season 2, focusing on AI-powered photo farming, where users can create custom CAT Profile Pictures (PFPs).
