George Miller
On January 2, 2025, at 8:00 AM Beijing time, Binance will introduce its CATI token lock-up offering. Participants in the event can earn a 20% APR, with a prize pool totaling 2.3 million CATI tokens.
Launch of CATI Token Lock-up by Binance
Users can acquire CATI tokens for the lock-up program through various means, including spot trading, credit card (Visa and Mastercard accepted), or digital payment channels like Apple Pay and Google Pay.
According to the official announcement, the special APR will only be available from January 2, 2025, 00:00 (UTC) to January 31, 2025, 23:59 (UTC).
Subscriptions will be accepted on a first-come, first-served basis, and the amount of APR rewards will be determined by factors such as minimum and maximum subscription caps and duration of the commitment.
The reward calculation period commences at 00:00 (UTC) the day after a valid subscription to the lock-up products is finalized, running until the subscription period concludes. According to the announcement, “Rewards will be credited to your Spot Wallet daily.”
Users can subscribe with a minimum of 0.1 CATI and a maximum of 3,000 CATI per person. The total available for all subscribers is capped at 120,000,000 CATI.
Lock-up products in cryptocurrency serve to stabilize token prices. The CATI lock-up initiatives aim to bolster investor confidence by preventing liquidity challenges and enhancing investor loyalty.