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Cryptocurrency News Articles

Catizen to Host RoOLZ (GODL) as the Second Project to Go Live on Its Dedicated Launchpool Platform

Nov 05, 2024 at 12:02 am

Earlier today, Catizen (CATI) announced the introduction of RoOLZ  (GODL) to its launch pool. This marks the second such project to go live on the

Catizen to Host RoOLZ (GODL) as the Second Project to Go Live on Its Dedicated Launchpool Platform

Catizen (CATI) has announced the launch of RoOLZ (GODL) on its launchpool platform, marking the second such project to go live on the platform. Users will be able to stake their CATI and Cats to earn GODL in return.

RoOLZ is an upcoming platform that combines the rapidly growing Anime Market with short-form Mobile Videos and Mobile Apps on TON and Telegram.

To provide some context, RoOLZ Studio is a start-up that combines entertainment, Web 3.0, and crypto on Telegram and TON It is community-funded through its (Non-fungible token) NFT sale earlier in February and has been building on the TON ecosystem for almost a year.

This studio has created an online Series with more than 3 billion views on social media and released its NFT collection (#10 all-time on GetGems) and Anime Series (20M+ Views) this year. Additionally, its TON-native app boasts over 10 million active users.

“RoOLZ is just the start. Fueled by their mission to change entertainment, together, they are building a fan-owned entertainment studio where fans and creators collaborate and share in the success backed by $GODL. $GODL turns entertainment in more than just “watching”; you own, play, produce and get rewarded in $GODL,” Catizen wrote on its Telegram channel.

The launchpool period for GODL will run from November 4 at 12:00 PM (UTC) to November 7 at 12:00 PM (UTC). The total supply for the Catizen Launchpool is 800 million GODL, and the reward proportion is 85% for CATI and 15% for Cats.

Interested users must stake a minimum of 1 CATI, and their stakes cannot exceed 2,000 CATI. Only Cats above level 280 are eligible for staking.

The settlement for the CATI Pool is every hour based on the staked CATI share, while for Cats, it is every hour, with cat levels converted into USD for calculation. This program is designed to help gamers increase their earnings.

According to Catizen, this move is the beginning of its grand strategy for maximizing the value capture of CATI.

Apart from the debut of RoOLZ on Catizen Launchpool, the Telegram-based platform is engaged in several other activities. Its first launchpool project is Zircuit (ZRC), an AI-driven, zero-knowledge Layer 2 blockchain that is fully compatible with the Ethereum Virtual Machine (EVM).

Backed by Binance Labs, the Zircuit project has managed to amass a total value locked (TVL) of $2 billion and recently introduced a liquidity hub to encourage early adopters and stakers.

As a result of the Launchpool event, CATI token holders and CATIZEN players can stake their tokens or level 300+ cat game assets to earn ZRC rewards.

Original source:coinspeaker

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