Anticipating January 2, BakerySwap gears up for the third segment of its BRC20 Bitcat initiative.
In Brief
Today, BakerySwap revealed that the third phase of its BRC20 Bitcat project will kick off on January 2, 2024.
Operating as a decentralized exchange and a tailored NFT marketplace on the Binance Smart Chain, BakerySwap has shared news of the upcoming launch of the third phase of its Bitcat project, set for January 2, 2024.
The Bitcat ecosystem has launched the BICA token, functioning as both a utility and governance token within the realm of BRC20 based on the Bitcoin blockchain. This token comes with various advantages, such as discounts on transaction fees. NFT market Additional perks encompass privileges, rewards for contributions to the ecosystem, access to social features, exclusive partnerships, discounts for AMM DEX wrapping, rewards from multi-chain asset aggregation, and privileges for cross-chain exchanges.
These incentives are designed to foster active involvement and engagement among community members.
A total of 21 million BICA tokens will be minted, with a fair distribution comprising 80% available on BakerySwap, 15% allocated to the foundation, and the remaining 5% reserved for the team.
Bitcat is an on-chain derivatives protocol founded on the BRC20 market, employing the RGB scheme The project is built on Bitcoin rollup technology and benefits from the support of Binance Labs alongside technical assistance from Copycat Finance.
How to Participate?
The tokens used for participation in Bitcat are BAKE and 1CAT. Participants will take part in a group round, after which they’ll be ranked based on the amount of BAKE and 1CAT they contributed. A total of 1680 tickets will be issued. Whitelisted participants will receive a fivefold boost on their contributions for ranking purposes.
For a better chance of ranking higher, participants should utilize both BAKE and 1CAT tokens. Each address is capped at a contribution of 50,000 BAKE and 3,000,000 1CAT.
Refunds for surplus BAKE and 1CAT will be processed within 12 hours post-participation in the sale, with BICA tokens being distributed shortly thereafter. Bitcoin The announcement of the third phase of BakerySwap’s BRC20 Bitcat project highlights innovative steps forward and marks a significant evolution of this platform.
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