Bybit to List CATS Coin and Launch Staking Event
Bybit is set to list CATS Coin, a meme coin built on The Open Network (TON) blockchain, on October 8th. Traders can participate in the Cats airdrop listing and start trading the token on Bybit’s platform. Following a period of pre-deposits that began on September 30, withdrawals will become available on October 9, granting users full access to their tokens.
Bybit Launchpool will introduce a staking event for CATS Coin from October 8 to October 15, 2024. Participants can stake CATS, USDT, or MNT and earn a share 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.
The staking rewards will be divided as follows:
– The CATS Pool: 4 billion CATS tokens
– The MNT Pool: 6 billion CATS tokens
– The USDT Pool: 10 billion CATS tokens
Participants will receive their yield daily into their accounts, starting the day after they begin staking. They can withdraw their staked tokens at any time, but they will not earn yield on the day of withdrawal.
Starting on October 8, users can trade CATS Coin on Bybit, utilizing the Spot Grid Bots to automate trading strategies. Bybit also introduces a Pre-Deposit Campaign in collaboration with HashKey Global, offering a prize pool of 100 million CATS tokens.
During the campaign, running from October 4 to October 6, users who deposit CATS tokens will receive a 500% CATS bonus on their deposits. The rewards are capped at 50,000 CATS per user on a first-come, first-served basis.
The CATS Project has a total token supply of 600 billion, with 55% allocated for airdrops. The project will distribute 180 billion CATS tokens in Season 1 airdrops, with eligibility criteria including holding an OG pass and engaging in platform activities like AI farming and daily transactions. Season 2 will focus on AI-powered photo farming, where users can create custom CAT Profile Pictures.