Telegram-based game Catizen has been a huge success since its launch. Katie’s CodeBuilt on the TON blockchain, this click-to-earn game has gained significant attention from the crypto community, with its token now available for trading on several centralized exchanges. The journey to this milestone has been marked by excitement and controversy, as the team behind Catizen grapples with the complexities of token distribution and community engagement.
At the time of writing, $CATI is trading at $0.96. Cocoinrecording a staggering 4,716% increase.
Launch and download the token in the air from Catizen
The CATI token, the in-game currency used in Catizen, officially went live on Friday, September 16, 2023, at 6 a.m. ET. This launch came after a two-month delay from the originally planned timeline, as developers worked to ensure a smooth and secure rollout.
As part of the token distribution, the team allocated 150 million CATI tokens, or 15% of the total supply of 1 billion tokens, to be distributed to users as part of the game’s first season distribution. The distribution began on September 14, with players able to claim their CATI tokens and stake them on select centralized exchanges ahead of the token generation event.
Related reading: Catizen Airdrop: The Ultimate Tutorial to Earn CATI Tokens
Central Exchange Listings and Accessibility
CATI tokens are now listed on several prominent centralized exchanges, including Binance, Bybit, and Bitget. This listing on major trading platforms has made the tokens more accessible to a wider audience of investors and speculators, potentially increasing trading volume and liquidity.
CATI tokens were also opened for deposits into non-custodial wallets on Thursday, September 15, allowing users to store their tokens in personal wallets for added security and control.
Trading on Binance is also scheduled to open in the next 14 minutes, and will likely be open by the time this report is published.
Community reactions and feedback
The Catizen community has been closely following the token launch and airdrop process, with some players expressing concerns and criticism regarding the token allocation and eligibility weight. Initially, the team allocated a larger percentage of the token supply to the airdrop, but this percentage was reduced shortly before the airdrop, with 9% of the supply going to the Binance Launchpool instead.
Some players felt that the revised allocation and eligibility criteria were not transparent or fair, leading to disappointment and frustration within the community. The team’s handling of the airdrop has been a source of ongoing discussion and debate among Catizen fans.
Catizen’s amazing growth and integration with the Telegram ecosystem
Despite the challenges surrounding the token launch, Catizen has continued to show impressive growth and adoption. The game claims to have over 39 million total users and 18 million monthly active users, with $16 million in revenue from in-app purchases in July 2023 alone.
Catizen’s integration into the Telegram ecosystem has been a major factor in its success. As a Telegram mini-app, the game can be easily accessed and played directly within the popular messaging platform, allowing for seamless integration with Telegram’s broader user base.
The Rise of Crypto Games Based on Telegram and the TON Blockchain
Catizen is part of a larger trend of Telegram-based crypto games that has been fueling the growth of the TON blockchain. Other notable examples include Hamster Kombat, Notcoin, and Yescoin, all of which have launched their own tokens on the TON network.
The popularity of these money-making games has led to a massive expansion of the TON ecosystem, with the blockchain now boasting an active user base of 900 million and hosting over 1,159 cryptocurrency projects. The daily transaction volume on the TON network has also grown twelvefold, from 100,000 to 1.2 million, over the past year.
Catizen Tokens Allocation and Distribution
The total CATI token supply of 1 billion has been divided among various stakeholders and purposes. In addition to the 150 million tokens allocated for the first season’s airdrop, the team has reserved 340 million CATI tokens for future airdrop campaigns, with the remaining 510 million tokens allocated as follows:
- 5% for liquidity purposes
- 15% for treasury
- 20% for the development team
- 10% for investors
- 7% for consultants
Each of these allocations has a 12-month grace period and a 48-month linear release schedule, ensuring a gradual and controlled distribution of tokens.
Potential Impact of Catizen on the TON Ecosystem
The success of Catizen and the integration of its CATI token into the TON blockchain ecosystem could have far-reaching implications. The game’s large user base and revenue potential could drive increased adoption and usage of the TON network, potentially leading to further growth and development of the broader TON ecosystem.
Additionally, the integration of Telegram mini-apps like Catizen would enhance the platform’s appeal and functionality, making it a more attractive option for both users and developers in the crypto space.
Regulatory Considerations and Potential Risks
As with any cryptocurrency project, Catizen and the CATI token are subject to regulatory scrutiny and potential risks. The team must navigate the complex landscape of cryptocurrency regulations, ensuring compliance with applicable laws and guidelines in the jurisdictions where the game and token are accessible.
Investors and users should also be aware of the inherent risks associated with any investment in cryptocurrencies, including market volatility, liquidity concerns, and the potential for malicious actors to exploit vulnerabilities in the system.
Catizen’s future roadmap and potential developments
The Catizen team has outlined a roadmap for future development of the game, which includes plans for additional seasons, new gameplay features, and further integration with the TON ecosystem. These planned improvements could help maintain the game’s momentum and continue to drive user engagement and adoption.
However, the team will need to address community concerns and feedback, and ensure transparent and fair token distribution processes to maintain trust and loyalty among Catizen’s player base.
conclusion
The launch of Catizen’s CATI token on centralized exchanges and the accompanying airdrop to the game’s community marks a significant milestone in the project’s development. While the process has not been without its challenges, the game’s impressive growth and integration within the Telegram ecosystem suggests that Catizen could play a crucial role in the continued expansion of the TON blockchain and the broader crypto gaming landscape.
As the Catizen team navigates the complexities of token distribution and community engagement, it will be imperative to maintain transparency, address player concerns, and continue to innovate and improve the game offering. Catizen’s success could have far-reaching implications for the future of Telegram-based crypto games and the TON ecosystem as a whole.
What is the CATI symbol and its significance in the Catizen game?
CATI token is the in-game currency for Catizen’s virtual cat cafe, facilitating in-game transactions and rewards.
When was the CATI token launched for trading on the exchange?
The CATI token was launched for trading on the exchange on Friday, September 16, 2023, after a two-month delay from the initial schedule.
Where can CATI tokens be traded and stored?
CATI tokens are listed on centralized exchanges like Binance, Bybit, and Bitget for instant trading, and can be stored in non-custodial wallets for added security.
What are the potential impacts of Catizen and its CATI token on the TON ecosystem?
The success of Catizen and the integration of its CATI token within the TON blockchain ecosystem could lead to increased adoption and usage, leading to further growth.
Disclaimer: The information contained in this article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies involves risks, and readers should conduct their own research and consult with their financial advisors before making investment decisions. Hash Herald is not responsible for any profits or losses in the process.Q.
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