Today, September 20, the CATI cryptocurrency was launched by the popular Telegram project Catizen. The token is available for trading on Binance and other major cryptocurrency exchanges.
As part of the first season of the airdrop, Catizen users received 150 million CATI tokens.
CATI Token Available for Trading
CATI spot trading started on September 20 at 13:00 (Moscow/Kyiv). According to the developers, the long-awaited tokens have already arrived in players’ wallets. The size of the reward depended on the activity in the Catizen game.
In total, the project team allocated 340 million CATI for airdrops. Of these, 150 million have been distributed now, and the remaining 190 million will be distributed within the framework of subsequent campaigns.
Last week, Pluto Studio, the developer behind Catizen, opened a checker. Users were able to check how many coins they could claim. In addition, they were also given the opportunity to stake CATI on crypto exchanges before the official listing.
Some players were unhappy with the airdrop. Earlier, a scandal broke out around the clicker game. The reason was a sudden change in the rules for distributing tokens.
CATI Unlock Chart. Source: X/CatizenAI
The distribution is as follows:
- 5% – for liquidity;
- 15% – to the treasury;
- 20% – for the team;
- 10% – to investors;
- 7% – to advisers.
The CATI received can only be sold or transferred after 12 months. In the meantime, the tokens will be issued gradually over four years.
CATI Market Dynamics
According to data TradingViewat the time of writing, CATI is trading at $0.9782. The Catizen token debuted at around $0.8.
The market cap has now broken through $195 million, and trading volume is now over $310 million.
Catizen is a popular Telegram game that has already attracted over 39 million users. The number of active monthly players is 18 million.
According to the messenger’s CEO Pavel Durov, in July the “tapalka” brought in more than $16 million in revenue from in-game purchases.
The project team has pledged to donate 1% of Catizen’s revenue to charity. In August, they donated to an organization that helps homeless cats.
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Source: Cryptocurrency
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