<strong>[PRESS RELEASE – Please Read Disclaimer]</strong>
The moment has come. Binary Cat, the decentralized betting platform on which users access the price of crypto assets and the relationship between them on the. Avalanche network is proud to announce its partnership with Penguin Finance to launch its KITTY token.
From Friday, December 17th, the registration phase for the Binary Cat IDO will begin on the Penguin Launchpad, the leading incubator of the Avalanche network, one of the leading ones Blockchain– Industry platforms.
Penguin Finance is a platform from Avalanche to build an innovative set of decentralized applications, financial products and documentation for both tech-savvy people and people with no knowledge of cryptocurrency.
Via the Penguin Launchpad, lovers of decentralized betting can use their PEFI tokens (the native token of Penguin Finance) to purchase the first KITTY tokens, which will be distributed to Binary Cat enthusiasts. 12,500,000 KITTY tokens must be offered, and then they are GONE!
This is what awaits you in this article
How can I join the Binary Cat IDO?
Starting December 17th at 18:00 UTC, users can register for the Binary Cat IDO on four consecutive days via the Penguin Finance Launchpad using this link:
After December 21 at 23:59 UTC, new users can no longer register for our Binary Cat IDO. The IDO registration period is closed.
Those who successfully register for the Binary Cat IDO can purchase their KITTY tokens from December 22nd at 18:00 UTC for five consecutive days until December 27th, the day the KITTY tokens are distributed to the happy new owner is complete!
KITTY-Token is the utility token from Binary Cat. In addition, the KITTY token will function as a governance token in the future, allowing users to decide on new types of bets, platform fees and platform betting parameters.
The platform will issue a firm offer of 100 million KITTY tokens, making it deflationary and very attractive to early token holders and users of the decentralized betting platform.
Binary Cat has calculated that in a period of 2 years all KITTY tokens will be in circulation in the ecosystem, with 70% of the supply going to the community pool on a decentralized betting platform.
Users receive rewards in KITTY tokens (Binary Cat’s native token) as an incentive to bet even if the user bets on the wrong outcome. The amount of KITTY they receive is proportional to the size of their bet relative to the total betting group. Bets are made in 5 minute cycles; In each cycle, bets on the next time window are open, while the results of the last window are evaluated.
With an initial Market capitalization Binary Cat IDO expects from Penguin Finance 12,500,000 KITTY tokens of 562,500 US dollars, which the Binary Cat community will deliver to early adopters of the decentralized betting platform without a blocking period.
Don’t miss the opportunity to be one of the KITTY token holders! Be part of the decentralized financial revolution with Binary Cat and take this unique opportunity to be one of the first holders of KITTY tokens through the Binary Cat IDO with Penguin Finance.
About binary cat
Binary Cat is a decentralized platform running on the Avalanche Network where users can bet on the price of crypto assets and the relationship between them (for example, if the price of Avalanche (AVAX) goes up or down). Bets happen in cycles. In each cycle, bets are open for the next time window, while the results for the last window are evaluated.
Source: Crypto News Deutsch