cryptonewsz.com
Binance will launch the CATI token lock-up product at 8:00 Beijing time on January 2, 2025. During the launch event, users can receive a 20% $APR reward, with a prize pool of up to 2.3 million CATI.
Binance Introduces CATI Token Lock-up Product
Users can get CATI tokens to participate in the lock-up through spot trading, credit card payment (Visa, Mastercard supported) or digital payment (Apple Pay, Google Pay supported).
As per the announcement, the exclusive $APR is only applicable during the period between 2025-01-02 00:00 (UTC) and 2025-01-31 23:59 (UTC).
The subscription format for the product is first-come, first-served basis. The amount of $APR rewards users receive depends on factors including minimum subscription amount, maximum subscription limits, and duration requirements.
The reward calculation period begins from 00:00 (UTC) on the day after an eligible subscription to locked products is completed, until the end of the subscription period. The official notice says , “Rewards are distributed to Spot Wallet on a daily basis.”
The minimum subscription per user is 0.1 CATI, and the maximum subscription per user is 3,000 CATI. The maximum subscription for all users combined is 120,000,000 CATI.
A crypto lock-up product is used to stabilize the price of a token. These CATI lock-up products are aimed at protecting investors by avoiding liquidity issues and strengthening their supporter base.
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