• Crypto & Funx
• 11 Nov, 2024

CATIZEN launches Zircuit, an AI-driven Layer 2 blockchain with $2 billion TVL, backed by Binance Labs.

Launchpool event offers 8,333,333 ZRC rewards valued at $1.5 million, with 85% for CATI stakers.

CATI token surged 32% to $0.7316 after listings on Binance, OKX, Bybit and other exchanges.

announced the launch of its first Launchpool project Zircuit (ZRC). Zircuit is an AI-driven, zero-knowledge Layer 2 blockchain, fully compatible with the Ethereum Virtual Machine (EVM). It enhances security at the sequencer level using AI to block malicious transactions in real time.

Backed by Binance Labs, Zircuit has amassed a total value locked (TVL) of $2 billion. It recently introduced a liquidity hub to encourage early adopters and stakers. The Launchpool event allows CATI token holders and CATIZEN players to stake their tokens or level 300+ cat game assets to earn ZRC rewards.

Starting on October 28, 2024, at 08:30 (UTC+8), participants can stake through the CATIZEN BOT in a seven-day staking event. Lucrative incentives await participants who take part, promoting community engagement and supporting Zircuit’s innovative security model.

Exciting Earning Opportunities for CATI Holders

The Launchpool event offers a total of 8,333,333 ZRC in rewards, valued at $1.5 million. The CATI token staking pool allocates 85% of the rewards, amounting to $1,275,000 in ZRC. Participants can stake a minimum of 1 CATI and a maximum of 2000 CATI, with rewards settled every hour based on their share.

The game asset staking pool allocates 15% of the rewards, totaling $225,000 in ZRC. Only level 300+ cats are eligible for staking, and rewards are calculated hourly by converting cat levels into their USD equivalent. ZRC token valuations reference CoinGecko’s real-time data.

Earlier, on September 13, Binance announced the launch of its 59th new coin mining project on Launchpool: the Telegram game Catizen, based on the TON public chain, with the token $CATI. Users could invest BNB and FDUSD into the Catizen mining pool starting from September 16 to participate in a four-day new coin mining activity.

Catizen’s Roadmap and Recent Developments

Catizen offers players the chance to earn rewards by interacting with its games, mainly through a roulette game where users spin a wheel to win different types of rewards. In June, Catizen revealed its roadmap for the next 12 months, including launching game tokens, introducing staking and mining activities, releasing more games, and expanding its user base.

In August, Catizen launched a mini-game center, starting to roll out 18 popular games as part of its roadmap. Officials stated that the move would enhance playability, expand the game ecosystem, and improve Catizen’s commercial landscape. CATI airdrop and staking were also launched simultaneously.

On September 14, Catizen took a snapshot of airdrops and allowed users to check their CATI airdrop amounts. Staking and earning activities were launched, with staking available on exchanges like Bitget, Gate.io, Kucoin, MEXC, and HashKey.

CATI Token Performance and Market Listings

The CATI token, besides being listed on Binance, was also listed on several mainstream cryptocurrency exchanges such as OKX and Bybit on September 20. Driven by the support of Binance Launchpool, the CATI token saw a surge in pre-market quotes, increasing by 32% to $0.7316.

Details about the CATI token include a maximum supply of 1,000,000,000 CATI, with a total mining volume of 90,000,000 CATI, representing 9% of the maximum token supply. The initial circulation when listed on Binance was 305,000,000 CATI, approximately 30.5% of the total token supply.

Catizen continues to make strides in expanding its ecosystem and user engagement. With the launch of the Zircuit Launchpool, it provides exciting opportunities for its community to earn and participate in the growth of its innovative platforms.