Catex: A Reliable Exchange with Decentralized Finance (DeFi) Support

Catex seeks to raise the bar in terms of usability and functionality. This platform has always been an innovator in the sector. For example, Catex first entered the market, pioneering transaction mining protocols. While the exchange no longer offers these services, they now focus on new features to give users an edge.

What is Catex?

Catex is what’s known as a hybrid exchange. The platform developers borrow some of the best aspects from decentralized exchanges to give users more flexibility. Additionally, users enjoy the core functionality and security of a centralized exchange when they use Catex.

Catex’s developers claim the platform holds the world’s fastest deposit and withdrawal cryptocurrency exchange. Since its introduction, Catex has kept investors interested in its unique toolset and approach. Now, developers want to step into one of the hottest sectors of the crypto market – DeFi.

DeFi Integration

DeFi (decentralized finance) is a term used to refer to financial applications built to function on decentralized networks. These new-age networks take common financial products and systems and flip them on their head. For example, it’s common for DeFi platforms to allow users to lend out their crypto to other users in exchange for interest on top of their original investment. This practice is known as yield farming.

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With its latest venture, Catex has taken a giant step into the DeFi sector. The platform now allows users to stake the platform’s native token, $CATT, and earn a passive income. Notably, there are several different types of staking in the market today. This particular staking protocol is what’s known as liquidity staking. This system rewards you for locking your crypto into liquidity pool smart contracts. 

Catex intends to distribute $600,000 worth of DeFi tokens to Catex Token (CATT) holders during the official launch of its new services.   As part of the new campaign, the platform will introduce another stakable token, YCATT, in the coming weeks. 

This new token will serve as Catex’s primary DeFi token. Users can pre-stake YCATT starting on November 30th. Impressively, staking rewards will be paid out directly to your CATT wallet. Best of all, the system is run by smart contracts and requires no human intervention. In this way, your profits are guaranteed to arrive on time.

ITO

The Catex ITO (initial token offering) is just days away. Early bird investors can purchase YCATT for $0.10 during the launch. This price point provides plenty of room for profit as the platform will list YCATT on the world’s largest DEX, Uniswap, for $0.30 days later. Catex’s ITO is set to commence on December 15th. This event precludes the official opening of the CATT DeFi web page scheduled for November 20, 2020. 

Catex Exchange has officially launched the Catex.Finance (YCATT) website. This completes the second step in their Catex DeFi roadmap.  The next step on the journey is the start of Catex Token (CATT) pre-staking for 2,000,000 YCATT ($600,000 value). This event will commence on November 30th and continue until December 15th. 

Deflationary Tokens Win Big

There is a CATT buyback scheduled for January 20, 2020. This strategy will remove some of the unsold CATT tokens from the market, adding liquidity to the project. Buybacks are among the most popular strategies firms use to ensure the demand for their token always exceeds its supply. 

Benefits of Staking

Adding a staking option to Catex is a wise choice. Staking is one of the fastest-growing sectors of the crypto sector. Originally, users would stake their crypto to secure Proof-of-Stake networks. Nowadays, there are a ton of different staking options for users. Staking is considered less risky and more profitable than trading cryptocurrencies directly.

Trading cryptocurrencies requires a significant investment in learning the nuances of the market. The crypto market is notoriously volatile, and you need to keep your finger on the market’s pulse to be aware of any major downturns before they swallow our profits. Sadly, this is just too much for new users who may need help understanding the very basics of cryptocurrency.

New users want to earn profits but need an in-depth understanding of market conditions to trade effectively. Staking provides these users with a safer alternative. They need not research a market of new firms and technologies to determine the right choice. In a staking scenario, the main thing is to stick with reputable platforms such as CATEX.

Other Cool Features

Catex also offers various other features that make it stand out in the growing competition. For example, the exchange offers two trading modes, Basic and Advanced. This strategy allows new users to easily operate the platform without the confusion associated with advanced trading tools. 

Advanced Trading

Once you are confident in understanding the crypto market and Catex, you can switch to the advanced trading window. Here you are greeted with complex but well-designed features designed to increase your ROIs. The advanced trading window features more data and functionality. In this way, Catex can serve the needs of multiple investors simultaneously. 

Dice Game

Another cool feature Catex brings to the table is its dice game. Decentralized gaming is another sector in the market with infinite potential. Catex demonstrates this flexibility with the introduction of a dice game. The way the game works is simple. You select the number or letter in which the next ETH hash block will end. If you are correct, you win the prize.

Every minute the first ETH block hash (last number) will decide the previous dice period winning number. Users can enjoy some decent windfalls as the game supports a max win 15.04x. You can now play Catex’s Dice game usingTT BTC/ETH/USDT/CA.

Catex – A Pioneering Spirit in a Reliable Exchange

Catex continues to flex its entrepreneurial spirit with the introduction of DeFi services. The ability to earn easy crypto rewards is always a major draw in the market. The combination of Catex’s excellent reputation and the introduction of its new services will help drive further adoption of this platform. For now, interested investors can start stacking YCATT in days.

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