Katana launches KAT pre-staking with additional rewards

Katana (KAT), a DeFi-focused blockchain, announced on its official X account that it is conducting a pre-staking program for its native token. The program, which began on March 10, will run for eight weeks and offers a 35% annual percentage rate (APR) for 60 days on the first 350 million KAT deposited. Participants will also receive benefits such as increased voting power and "Founding Staker" status. At the token generation event (TGE), their allocated tokens will be automatically staked, providing additional rewards. Following the TGE, KAT held by pre-staking addresses will be converted into avKAT, an auto-compounding token tradable on decentralized exchanges (DEXs), and then staked.