Binance, the world's largest cryptocurrency exchange, has added support for Simon's Cat (CAT), a meme coin launched on the BNB chain. The exchange rolled out the CAT token on its HODLer Airdrops Portal, rewarding BNB holders with token distributions. Binance also launched a CAT perpetual contract offering up to 75x leverage.
The world’s biggest cryptocurrency exchange recently added further support for the meme coin launched on the BNB chain – Simon’s Cat ( CAT ). First, it in its HODLer Airdrops Portal. The program rewards BNB holders with token distributions based on historical snapshots of their balances. “By subscribing BNB to Simple Earn, users are automatically eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards),” Binance explained.
The company said it will distribute 1,143,000,000,000 CAT (12.7% of the token’s maximum supply) to lucky users. Trading pairs available to users are CAT/USDT, CAT/BNB, CAT/FDUSD, and CAT/TRY. It is worth noting that the seed tag category identifies newly listed and innovative cryptocurrency projects that may carry higher risk and volatility. CAT recently hit a new all-time high of $0.00006330 (per CoinGecko’s data). In the following hours, the price slightly retraced to the current $0.00005597. Binance also launched a CAT perpetual contract, allowing up to 75x leverage and supporting the multi-assets mode. In other words, it enables clients to use numerous margin assets such as Bitcoin (BTC) when trading the contract. Perpetual contracts let traders bet on the price movements of a certain token without directly owning it. With no expiration date, they can offer opportunities for significant rewards, the high leverage and constant exposure to liquidation make them inherently risky, especially for inexperienced traders
Binance Simon's Cat CAT Meme Coin Perpetual Contract
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