Binance Announces Catizen as 59th Launchpool Project

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Leading cryptocurrency exchange Binance has supported the tap-to-earn game Catizen as the 59th project on Launchpool. Users can earn CATI tokens through airdrops by locking BNB and FDUSD. Based on the schedule, the farming period for the crypto is slated to commence on September 16, 2024, and run through September 20

Once completed, Binance will list the CATI token, including its trading pairs with USDT, BNB, FDUSD, and TRY.

Catizens Expects Price Surge For CATI

The unique nature of Catizen has caused this new development to generate significant buzz. Usually, such listings positively impact the market outlook of the projects in question, which is the expectation for CATI. These tokens often experience heightened interest and price surges during their initial trading phases, driven by early access incentives and community excitement.

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The crypto community expects that CATI will experience this type of price rally.

Catizen Basks in its Achievements

Significantly, the Telegram-based game has achieved many achievements within the short time of its launch. It recently became the first application in Web3 history to surpass 1 million paying users. Catizen also announced its Average Revenue Per Paying User (ARPPU) of $27. The tap-to-earn game has an active user base of 34 million people.

A few days ago, OKX announced plans to list CATI for trading on September 20 at 10:00 AM (UTC). The token will trade against USDT in the company’s spot market alongside top Bitcoin (BTC) and Ethereum (ETH). Other exchanges like Bitget and Bybit announced that CATI will be supported for trading on their platforms.

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Binance Supports Projects on the TON Ecosystem

Generally, the Open Network (TON) ecosystem is gaining intense traction and attracting many crypto enthusiasts. The events of the last few months show that there is an increasing interest in supporting Telegram-based projects. It is worth noting that Hamster Kombat was the 58th project on Binance Launchpool. Therefore, this highlights the exchange’s commitment to supporting innovative projects.

In April, Binance Labs, which gained its freedom from the exchange, was captured as the venture capital firm with the largest number of Launchpool projects among top investment firms. In less than three years since starting the program, Binance has successfully supported 58 crypto projects.