As a seasoned researcher with a keen eye for emerging blockchain technologies, I find the recent announcement by CATIZEN about its Launchpool project Zircuit particularly intriguing. With my background in AI and decentralized systems, I am always on the lookout for innovative solutions that leverage these technologies to enhance security and efficiency.
Citizen unveiled the debut of its Launchpool initiative called Zircuit (ZRC), an intelligent, zero-knowledge Layer 2 blockchain. This blockchain is designed to work seamlessly with the Ethereum Virtual Machine (EVM). It bolsters security by utilizing AI technology to identify and halt malicious transactions in real time at the sequencer level.
Supported by Binance Labs, Zircuit has accumulated a locked-in total value of $2 billion. They’ve recently unveiled a liquidity center aimed at attracting early users and stakers. The Launchpool event enables holders of CATI tokens and players of CATIZEN with level 300+ cat game assets to deposit their tokens or assets to earn ZRC rewards.
Beginning on October 28, 2024, at 08:30 (UTC+8), individuals can participate in a seven-day staking event by using the CATIZEN BOT. This event offers attractive rewards to participants, encouraging community involvement and backing Zircuit’s groundbreaking security approach.
Exciting Earning Opportunities for CATI Holders
At the Launchpool event, a total of 8,333,333 ZRC tokens are up for grabs as rewards, equivalent to $1.5 million in value. Out of these rewards, 85% (which equals approximately $1,275,000 in ZRC) will be distributed through the CATI token staking pool. Users can participate by staking a minimum of one CATI and a maximum of 2000 CATI tokens. The rewards are calculated based on each participant’s share and are distributed every hour.
15% of the game’s rewards, amounting to $225,000 in ZRC, is allocated through the staking pool. To participate in this staking process, cats must have reached level 300 or higher. The rewards are calculated every hour by converting cat levels into their corresponding USD value. The worth of ZRC tokens is determined based on real-time data from CoinGecko.
Previously, Binance unveiled its 59th cryptocurrency mining project on Launchpool, scheduled for release on September 13. This project involves the Telegram-based game Catizen, which operates on the TON public blockchain, and its associated token $CATI. Users were given the opportunity to invest in the Catizen mining pool with BNB or FDUSD from September 16, enabling them to take part in a four-day coin minting activity that concluded on the specified date.
Catizen’s Roadmap and Recent Developments
Catizen presents players with opportunities to gather rewards as they engage in its selection of games, primarily through a wheel-spinning game that awards various prizes. Recently, Catizen unveiled their plan for the upcoming year, detailing developments such as launching tokenized games, incorporating staking and mining functions, releasing additional games, and broadening their user community.
As an analyst, in August I was involved in the exciting launch of Catizen’s mini-game center. We began by introducing 18 popular games as part of our strategic roadmap. The intention behind this move was to enhance user experience, broaden our game ecosystem, and significantly improve Catizen’s commercial outlook. Simultaneously, we also initiated the CATI airdrop and staking programs.
On September 14th, Catizen captured images of airdrops and enabled users to verify their CATI airdrop allocations. Staking and earning opportunities were initiated, with staking options now accessible on platforms such as Bitget, Gate.io, Kucoin, MEXC, and HashKey.
CATI Token Performance and Market Listings
On September 20th, the CATI token not only became available on Binance but also on other significant cryptocurrency platforms like OKX and Bybit. The boost from Binance Launchpool contributed to a rise in CATI’s pre-market values, with a jump of approximately 32% and reaching $0.7316.
Information on the CATI token includes a maximum issuance of one billion units, out of which 900 million were mined initially, accounting for 9%. When it was first listed on Binance, the circulating supply was around 305 million CATI, representing about 30.5% of the total token supply.
Catizen persists in broadening its platform and engaging users more effectively. The introduction of the Zircuit Launchpool offers intriguing chances for its community to contribute to and benefit from the development of its cutting-edge projects.
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2024-10-25 19:15