Bybit Lists CATS Coin, a Memecoin Built on The Open Network (TON) Blockchain

Bybit will officially list CATS Coin, a memecoin built on The Open Network (TON) blockchain, on October 8.

Cryptocurrency exchange Bybit is set to list memecoin CATS Coin on October 8. The token, built on The Open Network (TON) blockchain, will be available for airdrop listing and trading on Bybit.

Following a period of active pre-deposits starting September 30, CATS Coin will officially be listed on Bybit. Users can begin trading the token on the platform, while withdrawals will become available the following day on October 9.

Bybit Launchpool Introduces Staking for CATS Coin

In conjunction with the listing, Bybit will also be launching a CATS Coin Launchpool event, running from October 8 to October 15, 2024. This event will see a total of 20 billion CATS tokens being distributed to users who stake CATS, USDT, or MNT.

Users will be able to stake their tokens in the pool and earn a portion of the rewards, which will be distributed daily based on their contributions. Bybit will calculate the staking rewards as follows:

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 will be able to trade CATS Coin on Bybit, utilizing the exchange’s Spot Grid Bots to automate their trading strategies. This feature allows traders to execute multiple trades automatically, aiding them in optimizing their trading in fast-paced market conditions.

Apart from Bybit’s Launchpool, another initiative being undertaken is a Pre-Deposit Campaign by HashKey Global, which features a prize pool of 100 million CATS tokens.

During the campaign, which runs from October 4 to October 6, users who deposit CATS tokens will receive a 500% CATS bonus on their deposits. The campaign will operate on a first-come, first-served basis, with rewards capped at 50,000 CATS per user. For instance, a user who deposits 10 CATS will receive an additional 50 CATS, bringing their total to 60 CATS.

Tokenomics and Airdrop Details

The CATS Project has a total supply of 600 billion tokens, out of which 55% is allocated for airdrops. The airdrops will be conducted over two seasons, starting with Season 1, which will see 180 billion CATS tokens being distributed.

To qualify for these rewards, users will need to hold an OG pass and complete various platform activities, including AI farming and daily transactions. Following Season 1, the project will launch Season 2, focusing on AI-powered photo farming, where users can create custom CAT Profile Pictures (PFPs).

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