Date: August 6th, 2021
Time: 2PM UTC
Listing Price (ETH): 1 ETH = 25K CATS
Listing Price (USD) x token: $0.08
50% of raise is liquidity allocation
Liquidity is split 80/20 between Uniswap/SpiritSwap
SpiritSwap allocation is split 50/50 between CATS/ETH and CATS/FTM pairs
CryptoArena is proud to announce the August 6th, 2021 listing of our CATS utility token on SpiritSwap, a decentralized exchange on the Fantom Opera Chain. This listing will immediately follow our CATS Token IDO with TosLabs and our listing on Uniswap v3.
“We are excited to achieve yet another important milestone and expand our reach into cross-chain territory,” said Lorenzo Ferrari, CEO of CryptoArena. “This listing brings our token to a wider audience and is a first step towards allowing us to provide our CATS tokens, and related products, to the Fantom ecosystem.”
CATS use cases will include CryptoArena’s GAS Tracker, playing our NFT Arena Trading Card Game, Staking, Nodes, and most importantly, buying multipliers for Glory Points. The more Glory Points you have, the more platform-generated revenue you receive as rewards from our first-of-its-kind Self-Decentralizing Exchange (S-DEX).
CATS Utility Tokens
SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Chain. SpiritSwap’s Design is based on the Uniswap constant-product automated market maker (AMM). In an AMM, liquidity providers simply deposit a pair of tokens and an algorithm automatically makes markets for the token pair. Traders can easily swap between tokens in the AMM and get guaranteed rates for the swaps. Each swap on SpiritSwap incurs a fee, which gets distributed to liquidity providers. Liquidity providers can farm LP tokens to increase their yields.
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