Catapult Trade, a gamified trading platform that has processed more than 6 billion USD in volume since going live in December 2025, has finally named the investors behind its 6.6 million USD in total funding as it gears up for a fall token launch. The PULT token generation event is shaping up to be one of the more unusual launches of the year.
By Priya Sharma | August 31, 2026
The company confirmed that KuCoin Ventures, Oddiyana Ventures and Venture Vault VC are among its backers, alongside unnamed funds, professional traders and angel investors. The disclosure, reported by crypto.news, covers four completed funding rounds totaling 6.6 million USD — none of which had been named publicly until now, with participants in the current Strategic round still to be announced before the token generation event.
What Catapult Trade Actually Does
Catapult runs a consumer trading product that blends trading mechanics with gamification and “provably fair” technology — and this is where it departs from a normal exchange. Its prices are not sourced from any external market. Instead, each trading session is generated algorithmically using a mathematical process called Geometric Brownian Motion, committed to a public cryptographic hash before trading opens, and revealed once the session closes.
In everyday terms: the “market” you trade on Catapult is a pre-determined random path, sealed in advance like an envelope, and opened at the end so anyone can verify the chart was never altered mid-session. Think of it as a trading game with receipts — closer to a provably fair casino game than to Binance. The system has been independently audited twice, by Halborn and Hashlock.
How the Money Flows
The platform charges a 1% fee on the notional value of every trade, split between the protocol and the creator of the token being traded, plus an additional fee on profitable positions. Users can create their own tokens — tokens published to the discovery feed earn their creators a share of trading fees, while private tokens stay visible only to their makers.
Protocol revenue funds buybacks and burns of the upcoming token and feeds a portion back into ecosystem reward pools. That revenue-first structure is the heart of the pitch: Catapult says it built its user base, volume and income before introducing a token, rather than launching a token to search for a business model. The platform reports more than 6 billion USD in cumulative trading volume and 3.3 million USD in net revenue to date.
Inside the Four Rounds
The breakdown shows a deliberate ladder from insiders to the public:
- Seed — 500,000 USD: KuCoin Ventures, Oddiyana Ventures and Venture Vault VC, plus an undisclosed tier-one fund and three angels including Kyle Klemmer of Blockstreet, trader MacnBTC, and Aamir Ghai, formerly chief strategy officer at Manta Network.
- Private — 2.1 million USD: founders of consumer trading businesses, including LIS Skins, a gaming-skin marketplace, and Trady, a multichain trading terminal maker.
- KOL round — 400,000 USD: more than 30 tier-one traders and analysts.
- Early Public Round — 3.6 million USD: sold on Catapult’s own platform at 0.06 USD per token.
The PULT Launch Plan
Three products are due before the token launches: Gamified Futures, a gamified prediction market powered by Obsidian, and TradFi and Crypto Classic Futures. The team is targeting a token generation event in the fall of 2026, with more than eight centralized exchange listings planned around it. PULT will be issued as an omnichain asset through LayerZero — meaning the same token can move across blockchains — with liquidity planned across BNB Chain, Robinhood, HyperEVM and others, according to the company. Catapult has also run joint campaigns with the Binance, KuCoin and Gate wallets.
What It Means for Regular Investors
Honest framing matters here. Because Catapult’s sessions are algorithmically generated rather than tracking real markets, PULT is not a bet on the crypto market’s direction — it is a bet on the popularity and revenue of a gamified trading product. That carries different risks: the platform’s volume depends on user engagement with what is effectively a trading game, and the full investor list will not be complete until a few weeks before the token event.
- Revenue-backed tokenomics — buybacks and burns funded by actual fee income are a healthier design than pure speculation, but they depend on volume staying strong.
- Audited fairness — two independent audits of the session-generation system reduce (but do not eliminate) manipulation risk.
- Early Public Round price was 0.06 USD — public-round buyers at that level will have a cost basis worth knowing once trading starts.
The Verdict
Catapult’s approach — build real revenue first, disclose backers, then launch a token tied to that revenue — reads better than the reverse order most projects follow. But gamified trading is an unproven category at scale, and the fall launch will be the real test of whether 6 billion USD in session volume converts into a durable token economy. Watch the Strategic round names and the exchange list as they land; both will say a lot about how seriously the market takes PULT.
The cryptocurrency market remains highly volatile. This article is for informational purposes only and does not constitute financial advice.
6 billion in volume on a platform where the price feed is generated by an algorithm? so basically everyone trading there is playing against a sealed random chart. wild that this is legal
6 bil volume since december and the market is a random walk sealed in a hash. people really will trade anything
halborn audited it twice, which is more vetting than half the tokens kucoin lists got lmao
halborn audited the code, nobody audited the tokenomics. completely different risks
at least gbm with a published seed hash is honest about being a casino. most exchanges just hide the house edge behind fees
The hash commitment part is actually solid engineering. You can verify the session wasnt tampered with after the fact, which is more than most CEXs offer.
At least with Geometric Brownian Motion you can verify the chart after the session. Try doing that with a CEX candle wick.
@Grete sure but Halborn audited it twice and the backers STILL stayed anonymous until now. 6.6m across four rounds and we are only learning names before a token launch? classic exit sequencing imo
Provably fair + gamified + KuCoin Ventures backing. Feels like a casino wearing a trading platforms clothes. Might still ape the PULT launch tho lol
unnamed angels plus a strategic round revealed right before the PULT event is exit timing 101. fun product tho
fun product is doing heavy lifting there. 6 bil volume since december is mostly airdrop farmers grinding for the PULT allocation, we will see how much sticks after the TGE
farm volume still pays fees and fees still fund whatever PULT holders get. fake volume with real revenue is a weird problem to have
grinding seeded random charts for an allocation is peak degen economics lol. agree the 6B is mostly farm volume, watch the 30 day number after PULT drops
the december go live says the same thing. farmers who started grinding back then had months of runway before any PULT snapshot window, that volume is rented
the 30 day volume print after PULT drops is the only number that matters. my guess is it falls off a cliff and nobody writes the followup
farm volume thesis checks out but kucoin ventures putting its name on it means they expect the listing bump at minimum. i have farmed worse tbh
everyone focused on the named backers but the strategic round STILL has unnamed participants. names drop right before TGE because that round gets the cheapest PULT entry
cheapest entry for the round announced last, right before retail buys the TGE. such a predictable sequence at this point
thats the part nobody prices in. strategic round gets in near the last round valuation, retail eats the TGE premium a week later
and the strategic round is still partially unnamed even now. if the last round valuation was the selling point, every name would be on the poster
KuCoin Ventures in four rounds and we learn the names weeks before the TGE. Back in my day backers were announced at launch, not at the exit door.
A chart you can verify against the seed hash after the session is genuinely good design. The math checks out, the TGE terms are the actual risk.
gbm charts with a published seed hash is the most honest casino design ive seen. still a casino tho, the house edge is just hiding in the fee schedule