Catizen To List Circuit’s Token On Its Launchpool, Allowing Users To Earn ZRC By Staking CATI And CAT

by
Alisa Davidson

Revealed: October 25, 2024 at 11:47 am Up to date: October 25, 2024 at 11:47 am

by Ana

Edited and fact-checked:
October 25, 2024 at 11:47 am

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The Telegram-based mini-game Catizen launched the Zero-Data (ZK) Layer 2 community, Zircuit (ZRC), as the primary mission on its Launchpool. Customers can now earn ZRC by staking their CATI and Cat tokens.

The Launchpool interval is scheduled to start at 12:00 PM UTC on October twenty eighth and can proceed till 12:00 PM UTC on November 4th.

Zircuit is an AI-secured, absolutely Ethereum Digital Machine (EVM)-compatible community that’s supported by distinguished buyers corresponding to Binance Labs, Pantera, and Dragonfly Capital. With a powerful complete worth locked (TVL) of $1.8 billion and a brand new liquidity hub program, it presents a possibility for early adopters and stakers.

ZRC serves because the native token for Zircuit. In accordance with its tokenomics, 21% of complete token provide is allotted for airdrops and group rewards, 12.61% for group provisions, 17.93% for ecosystem growth, 18.70% for the inspiration, 18.74% for the staff, and 11.02% for buyers. The whole provide of ZRC is 10 billion tokens, with 8,333,333 ZRC designated for the Launchpool.

The Catizen Launchpool affords two token swimming pools for contributors. The CATI Pool has been allotted $1,275,000 in ZRC, representing 85% of the allocation. The minimal stake for this pool is 1 CATI, whereas the utmost stake is 2,000 CATI, with settlements occurring each hour primarily based on the proportion of staked CATI.

The Cat Pool has been allotted $225,000 in ZRC, which accounts for 15% of the entire Launchpool allocation. Solely cats at degree 300 or above are eligible for staking on this pool. Settlement happens each hour, with cat ranges transformed into USD for calculation functions.

Catizen is a blockchain-based digital pet-raising recreation that operates inside the Telegram Open Community (TON) ecosystem. It integrates play-to-earn (P2E) mechanics with blockchain expertise, permitting gamers to earn cryptocurrency rewards as they interact with the sport.

Just lately, the mission unveiled its Launchpool, marking the third phase of its development. It’s aimed to give attention to introducing mini-games that improve group engagement whereas offering CATI holders the chance to stake their tokens and earn extra tokens from these video games. This initiative is designed to domesticate a powerful and rewarding ecosystem for its customers.