Bitget's PoolX now features CATS, allowing users the chance to lock tokens and gain a share of the rewards available.

Cryptocurrency exchange Bitget Bitget's newly launched PoolX offers users the ability to stake specific cryptocurrencies in return for a variety of token rewards. Each listed project includes one or more mining pools, from which tokens are distributed hourly depending on how much users have staked.

As per the announcement, participants can lock a maximum of 3 billion CATS tokens, while the minimum locking amount is set at 30,000 tokens. To join in on this promotion, users must complete an identity verification process.

CATS is catching the attention of many due to the rising trend of memecoins and community-centric crypto initiatives. The game cleverly blends the excitement of gaming with the utility and financial potential of cryptocurrency. Users earn CATS tokens based on factors including how long they've had their accounts, whether they subscribe to Telegram Premium, and their level of engagement.

Recent statistics reveal a noteworthy 71.68% decrease in CATS's value over the last day, with its market cap currently exceeding $36 million, according to CoinMarketCap.

Bitget has teamed up with Foresight Ventures to enhance the growth of projects based on Telegram.

Recognized for its substantial trading volumes, Bitget caters to more than 19 million users worldwide. Earlier this year, it formed a partnership with the Web3 investment firm Foresight Ventures to create a $20 million TON Ecosystem Fund, aimed at backing early-stage projects within The Open Network (TON) ecosystem.

It’s a prominent derivatives exchange Recently, Bitget and Foresight Ventures made a notable investment of $30 million in the TON blockchain. This capital is directed toward acquiring TON tokens and is focused on encouraging the development of emerging sectors like Tap-to-Earn, GameFi, and various other innovative trends within the blockchain sphere.

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