. @katana's KAT will have its TGE on March 18, officially launching on Binance Spot. Before the launch, they've opened a Pre-Staking event. By staking KAT in advance, you can earn more rewards. Here's a quick rundown of the rules. What is Pre-Staking? If you stake KAT before the TGE, the system will automatically convert it into avKAT at launch and start staking. You can get: • 3× rewards and voting weight (gradually decreasing over 8 weeks) • Fixed returns of about 35% over 60 days • Founding Staker status A lot of people are confused by KAT / vKAT / avKAT, but here's an easy way to understand it: KAT = Regular token, tradable vKAT = Received after locking up KAT, used for voting and earning rewards avKAT = Wrapped version of vKAT, tradable In simple terms, KAT is the original token, vKAT represents staking rights, and avKAT is the liquid version. For this Pre-Staking event, the process is essentially: KAT → Stake → avKAT. And the underlying asset of avKAT is actually vKAT (already staked). This way, you can participate in staking rewards while still having the option to sell avKAT for liquidity if needed. But note that selling avKAT directly will come with a discount. For the lowest fees, you can queue for withdrawal with a 2.5% fee. If you don’t want to wait, you can use the official channel, but the exit fee will be much higher. Essentially, this event is designed to encourage long-term staking. Early participants’ rewards will be calculated based on the amount staked and the duration. In other words: the more you stake and the longer you stake, the more KAT you’ll earn. Katana has allocated 70 million KAT from the early rewards pool for these participants. For those planning to hold KAT after the TGE, this is a great opportunity. Make sure to carefully review the rules, consider price fluctuations, and calculate the staking period and exit fees you can handle before deciding to participate.