Catizen is set to host RoOLZ as the second project to go live on its dedicated launchpool platform.
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 growing platform. Users are required to stake their CATI and Cats to earn GODL in return. RoOLZ is an upcoming platform, but it successfully combines the fast-growing Anime Market with short-form Mobile Videos and Mobile Apps on TON and Telegram.
Understanding the RoOLZ Project
For context, RoOLZ Studio is a start-up that combines entertainment, Web 3.0, and crypto on Telegram and TON. It prides itself on being community-funded throughout its (Non-fungible token) NFT sale earlier in February. RoOLZ Studio has been building on the TON ecosystem for almost a year. It has created an online Series with more than 3 billion views on social media.
As a studio, this year, RoOLZ released its NFT collection (#10 all-time on GetGems) and Anime Series (20M+ Views). 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.
Accordingly, the launchpool period for GODL is scheduled to run from November 4 at 12:00 PM (UTC) to November 7 at 12:00 PM (UTC). The total supply earmarked for the Catizen Launchpool is 800 million GODL. It is worth noting that the reward proportion is pegged at 85% for CATI, with the remaining 15% left to Cats.
Interested users must stake a minimum of 1 CATI, but their stakes cannot exceed 2,000 CATI. In the case of Cats holders, only Cats above level 280 are eligible for staking. The settlement for the CATI Pool is every hour based on the staked CATI share. For Cats, it is every hour, with cat levels converted into USD for calculation. Ultimately, this program is touted as an avenue for gamers to boost their earnings.
Catizen described this move as the beginning of its grand strategy for maximizing the value capture of CATI.
Zircuit as Catizen Launchpool’s First Project
Apart from the debut of RoOLZ on Catizen Launchpool, the Telegram-based platform is caught up with many activities. Its first launchpool project is Zircuit (ZRC), an AI-driven, zero-knowledge Layer 2 blockchain fully compatible with the Ethereum Virtual Machine (EVM).
Binance Labs is backing the Zircuit project and has successfully amassed a total value locked (TVL) of $2 billion. It even 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.
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