Telegram Tap-2-Earn game Catizen has finally launched its CATI token with trading on centralized exchanges commencing after delays
The long wait is finally over as the Telegram-based Tap-to-Earn (T2E) game Catizen is now live for trading on several centralized exchanges. As a result, 150 million tokens, equivalent to 15% of the total 1 billion supply, have been airdropped to users as part of its Season 1 distribution. This new development follows a two-month delay to its initially planned launch in July.
Catizen Now on Binance, Bybit And Bitget
CATI token trading began at 6 a.m. ET today and is listed on exchanges like Binance, Bybit, and Bitget. Deposit registrations for the CATI token to non-custodial wallets were opened on Thursday. Earlier today, the distribution was based on players’ activities over the past months.
According to Pluto Studio, the developer behind Catizen intends to allocate 340 million CATI tokens to airdrops.
The remaining 190 million will go for quarterly airdrop campaigns. Meanwhile, Catizen has officially introduced two methods for players to secure long-term value from its native CATI tokens. These are the Catizen Launchpool and Earn Rewards and the Catizen Airdrop Pass.
Under these programs, players can stake their CATI and in-game cats to earn tokens from other high-value projects.
The design of these initiatives allows participants to generate additional rewards by leveraging their existing assets in the game. In addition, these players can stake CATI in the Earn Pool to increase their token holdings from partner projects.
Tokenomics of CATI Token
Some Catizen players were disappointed after Pluto Studio revealed details about the CATI token distribution a few days ago. The team had earlier allocated a higher sum for the airdrop but later revealed a reduction on September 14, with 9% of the total supply going to Binance Launchpool. The community also criticized the eligibility weightings for each player.
The last-minute change caused a backlash, leading to the “#catizenscam” trend. The team addressed these concerns by unveiling a more transparent distribution model.
Meanwhile, 19% of the token supply will be distributed primarily through the Airdrop Pass. Of the other CATI supply, 5% is reserved for liquidity. Another 15% is allocated to the treasury, 20% to the team, 10% to investors, and 7% to advisors, each with a 12-month cliff and 48-month linear release schedule.
In other related news, Binance plans to launch its Telegram mini-game, Moonbix. This might grow to become a Catizen rival soon.
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