Catapult: New Token Generation

Dear community, we would like to share a few significant updates to Catapult. Our team strongly believes that now is the right time to create new, or improve existing ones.

The updates that we will present in this article are just a small part of what we are going to implement in the near future, so let’s get started!

$CPLT. New Tokenomics

We recently introduced a new token distribution format — Lockdrop, and ran into a problem: the old $ATD token was not up to the new challenges, so we decided to release a new $CPLT token.

All $ATD token holders will be able to get the new $CPLT token by exchanging it for the old token absolutely free on our website, which will be released later. Token swap will only be available on the BSC network, so ATD token holders on the Ethereum network will need to use the bridge https://megabridge.io/

Burning $CPLT

The Catapult platform will continue to run Lockdrop, public rounds (IDO), as well as private and seed rounds.

The only difference will be the commission in CPLT tokens of 1% for lockdrop participants. The collected tokens will be burned, according to the deflationary model.

Example: The participant of the lockdrop has locked 10,000 tokens in Pool X for 30 days. After 30 days, it will be possible to unlock 9,900 tokens from Pool X, 100 tokens will be burned.

We have just presented you a few steps which will lead to significant changes, which you will be informed about later on. Stay tuned!

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