BinaryCat is a project that will launch on Avalanche quite soon. First they will have a launchpad activity on PenguinFinance which will end just before CHristmas, and hopefully, the project will do a full launch on Avalanche later. We don't have an exact date for that yet, but it is very important that this will happen in a decent way, if not, it will destroy the platform before its start. What do I mean by that?
BinaryCat is a platform on which you are supposed to be able to bet on the future of different cryptocurrencies, and maybe other stuff as well (who knows). For example, you can sit there in front of your computer and see that Bitcoin is pumping and reaching a value of $70,000. Now it is time to step in and place a bet. Will Bitcoin go up or down in value in the next ten minutes? You can then place your bet and now it is time to wait and see what will happen. If you place a good bet, you will be rewarded with KITTY tokens for participating and betting, and also receive your percentage of money from the pool of traders.
But, that is why they have to do this in a good way. If there are no traders, then there will be no reason to bet, because the only money you can win from the pool is your own. So, this is a platform that requires constant activity and thousands of active users in order for it to work properly. That will be a major challenge to the team, but should they succeed, then this can get very interesting.
If you want to learn more about BinaryCat and the launchpad project on PenguinFinance, click the link and find the information that you need. But, hurry up - the registration for the launchpad project will start tomorrow (on December 17th) and it will end a few days later, so you do not want to miss out on this one.