Prominent crypto exchange KuCoin has opened a new reward opportunity for users through the Catizen Telegram Bot, with a total of $200,000 KCS available. In an announcement, KuCoin noted that users can now stake CATI tokens to earn KuCoin’s native token (KCS) starting today, September 14.
🚨 BIG NEWS, FAM!
Stake $CATI on @CatizenAI & claim a share of MASSIVE $200,000 prize pool! 💰🐾
⏳ Period: 10:00 AM on September 14 ~ September 24, 2024 (UTC)
💸 Cap: 1,000 $CATI per pool/account
🏆 Rewards: Claim $KCS via KuCoin with unbelievable return!Don’t miss these… pic.twitter.com/LXFSQpbQEx
— KuCoin (@kucoincom) September 13, 2024
The announcement states that this staking campaign is open to all CATI holders who want to grow their KCS holdings while participating in the Catizen ecosystem. Check here for more details on “How to Stake Catizen (CATI) to Earn KCS on the Catizen Telegram Bot” on KuCoin Learn!
For those unfamiliar, Catizen is a GameFi app within the TON ecosystem. The team recently introduced a staking feature that lets market participants lock up their CATI tokens in return for rewards in KCS. The staking mechanism offers a straightforward way to earn KCS without active trading.
How It Works
To participate in this staking campaign, users must open the Catizen Telegram Bot, locate the Airdrop icon, navigate to the staking section, and choose the stake CATI tokens option. Notably, an account can only stake 1,000 CATI. Once tokens are staked, they are locked for the duration of the campaign, which is from September 14 to 24.
Rewards are calculated based on the amount of CATI staked and the overall pool size, allowing for proportionate distribution among participants. The more CATI tokens a user stakes, the greater their potential earnings in KCS.
Apart from the staking rewards on the Catizen Telegram Bot, users have an additional incentive to withdraw their CATI tokens to KuCoin.
KuCoin and Catizen both emphasize the importance of security when participating in staking activities. Users are advised to enable two-factor authentication (2FA) on their accounts and to monitor their staking progress closely. Proper security measures help ensure that all transactions and rewards are safe and accurately reflected.
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