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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