Binance Launchpool announced that it will support the Telegram-based game Catizen as the 59th project to be added to CATI. The news has created curiosity in the market especially given the popularity of Telegram-based gaming bot with a kitty theme.
Additionally, it spurred conversations about how the news would affect the cryptocurrency’s price once it begins trading.
Binance Launchpool To Include CATI
Binance announced the inclusion of Catizen to its Launchpool, allowing users to acquire CATI tokens through airdrops by locking BNB and FDUSD. Reportedly, the four-day farming phase for the cryptocurrency, will begin from the 16th of September, 2024.
Catizen’s buzz is interconnected with the CATI token going public on the 20th of September, 2024. It is also notable that Binance will support trading pairings with USDT, BNB, FDUSD, and TRY. This action demonstrates Binance’s continued commitment to supporting advanced Telegram-based gaming initiatives.
Previously, Binance showed its dedication to supporting newly developing game-based tokens by adding Hamster Kombat (HMSTR) as the 58th project on Launchpool. Upon launch, the CATI token will be available in a staggering 1 billion tokens. Of those, 305 million will be put into initial circulation.
This significant initial availability is anticipated to result in a substantial trading volume. Particularly given the past success of tokens issued through Binance Launchpool. Furthermore, 90 million CATI tokens are set aside as prizes for farming pool members. 76.5 million are allotted to the BNB pool and 13.5 million to the FDUSD pool.
Anticipating price increase
Market experts anticipate a CATI price increase fueled by Binance’s powerful platform and the Catizen game’s unique value proposition. The community’s early access incentives have historically resulted in increased interest in and a price spike for new coins on Launchpool.
Another advantage of the game’s concept is its connection with cats. It is associated with the general growth of the cryptocurrency gaming market. Additionally, the availability of the popular Telegram platform raises the likelihood of CATI’s acceptance by consumers.
Nonetheless, the cryptocurrency exchange has been very vocal about listing CATI first. It has warned its customers against websites that promise to issue CATI before trading commences. From the above observation, it is clear that the concept of Catizen in the game and the listing on Binance Launchpool were instrumental in creating the hype.
The first trading phase in CATI is expected to be positive, beginning with Binance, where the token will be listed on September 20th, 2024, with various trading pairs. Its association with pool farming and Telegram-based gaming trends, CATI is likely to expand its appeal for investors.
