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KuCoin launches an $200,000 staking campaign for CATI Holders through the Catizen Telegram Bot.
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From September 14 to 24, users can stake CATI tokens in order to earn KuCoin native tokens (KCS).
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Staking is a simple and effective way to increase KCS holdings, while still participating in the Catizen eco-system.
KuCoin, a prominent crypto exchange, has announced a new reward for users via the Catizen Telegram Bot. A total of $200,000 in KCS is available. KuCoin announced that users could now stake CATI to earn KuCoin native token (KCS), starting today, September 14th.
The announcement states that the staking campaign is available to all CATI holders, who wish to grow their KCS holdings and participate in the Catizen eco-system. Click here to learn more about “How to stake Catizen (CATI), to earn KCS using the Catizen Telegram Bot”.
Catizen, for those who are unfamiliar, is a GameFi application within the TON eco-system. The team has recently introduced a feature that allows market participants to lock up their CATI coins in exchange for rewards in KCS. The staking feature is a simple way to earn KCS, without actively trading.
How It Works
Users must open the Catizen Telegram bot, locate the Airdrop icon and navigate to the staking section. Then, select the stake CATI tokens button. A single account can stake only 1,000 CATI. Once tokens have been staked, they will be locked for the duration, which is September 14 to 24, of the campaign.
The rewards are calculated according to the amount of CATI staked, and the size of the pool. This allows for a proportional distribution among participants. The more CATI tokens that a user stakes the higher their potential earnings.
Users can withdraw their CATI tokens from the Catizen Telegram Bot and receive a bonus.
Both KuCoin (KuCoin) and Catizen (Catizen) stress the importance of security in staking. Users are encouraged to enable two-factor authenticaiton (2FA) and monitor their staking activity closely. Proper security measures ensure that all transactions are safe and accurately reflected.
