Catizen Launches CATI Token For Trading With Massive Airdrop

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Catizen, the innovative tap-to-earn game on Telegram, has officially launched its CATI token for trading. After a two-month delay from the initial launch date, this news has created quite a buzz in the gaming and crypto communities. This move follows a strategic airdrop designed to reward early supporters and encourage broader participation in the game.

With 150 million tokens distributed as part of a highly anticipated airdrop, players are diving into this new chapter which is expected to enhance the in-game economy. This will potentially allow players to trade, earn, and interact in new ways.

CATI Tokens Launch Sparks Controversy

The CATI tokens, designed for the TON blockchain, began trading on September 19. Interestingly, it has already been listed on major exchanges like Binance, Bybit, and Bitget. This strategic rollout enhances the game’s ecosystem and fosters deeper player engagement. The airdrop process allocated a total of 340 million CATI tokens, with plans for future quarterly distributions to keep the momentum going.

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However, the airdrop has been subject to controversy. Some players expressed disappointment when the token allocation was reduced just before the event. This is because 9% of the supply was redirected to Binance Launchpool, leading to frustration over perceived inequities in eligibility.

Despite these bumps, Catizen boasts an impressive user base of over 39 million, with 18 million active monthly players, underscoring its popularity. The game’s successful token launch is expected to further energize its community and, above all, solidify its standing in the rapidly evolving landscape of blockchain gaming.

Catizen Tokenomics: Unveiling Strategic Distribution Plans

The project mentioned that its CATI token supply allocation is strategically designed to support the long-term growth of the Catizen ecosystem. The announcement disclosed that 5% was set aside for liquidity to maintain market stability.

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Meanwhile, 15% is allocated to the treasury for future development and operational costs. 20% goes to the development team and 10% to investors. Additionally, 7% is reserved for advisors. All are structured with a 12-month cliff and a 48-month release schedule to encourage commitment.

Based on recent achievements, Catizen demonstrates strong engagement and commercial viability in the crypto gaming space. The Telegram-based game revenue in July surpassed $16 million from in-app purchases.

Telegram Mini-games Powers TON Blockchain Boom

Telegram’s integration of mini-game clickers like Catizen, Hamster Kombat, and Notcoin has significantly fueled the growth of the TON blockchain. These lightweight, web-based applications embedded within Telegram allow users to easily access games and allow decentralized services, earning tokens directly on the TON blockchain.

Interestingly, TON’s daily transaction volume has surged twelvefold, boasting over 900 million active users and 1,159 crypto projects. In June, its Total Value Locked (TVL) surpassed $600 million. This signifies increased user engagement and the platform’s robust infrastructure and security measures.