Binance Labs Invests in Catizen Tapalka

Venture capital arm of the largest crypto exchange Binance invested in Pluto Studio, the publisher of the mini-game Catizen for Telegram. The amount of investment was not disclosed.

Previously, the developers attracted a total of $6.2 million in investments ($2.2 million – seed round, $4 million – strategic round, with the participation of HashKey Capital and The Open Platform).

Pluto Studio introduced Catizen in March. A game based on the model Tap-to-Earn quickly gained popularity – in just a few months the number of users reached 25 million.

The developers plan to release the clicker’s native token, CATI, “soon.” Holders of this asset will receive “all sorts of benefits.”

“We will also allow CATI holders to stake their tokens to earn coins for other games,” said Pluto Studio co-founder Ricky Wong.

He added that native token holders may also be eligible for airdrops in the future “through integrations with other projects.”

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Source: Cryptocurrency

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