Telegram may have become a hub for bots and games. One latest craze is the upcoming listing of $CATI, an in-game currency of Catizen, a gaming bot built on the Telegram mini-app.
What is Catizen
Catizen, according to its Whitepaper, "is a unique, cat-themed social entertainment experience on Telegram, blending playful interactions with the power of the TON Blockchain. As a revolutionary gaming bot, Catizen not only simplifies Web3 access but also makes mobile payments seamless, transforming the way users engage with decentralized technologies."¹
Currently, the game is playable on the TON and Mantle networks. The project has plans to have multi-chain support.
Per CMC, Catizen aims to become a mini-app center or a hub for Web 3 activities, "combining the unique features of Launchpool with short videos and e-commerce to attract and engage users through gamification and strategic Play-to-Airdrop initiatives."²
$CATI Tokenomics³
- Token Type: TON Jetton
- Maximum Token Supply: 1 billion
- Initial Circulating Supply: 305 million or 30.5% of total supply
Token Distribution ⁴
- Seed Round Investors: 80 million CATI (8% of the total token supply)
- Strategic Round Investors: 20 million CATI (2% of the TTS)
- Binance Launchpool: 90 million CATI (9% of the TTS)
- Team: 200 million CATI (20%), 12-month cliff, 48-month linear release
- Liquidity: 50 million CATI (5%)
- Airdrop: 340 million CATI (34%)
- Treasury: 150 million CATI (15%)
- Advisor: 70 million CATI (7%)
Token Use Case⁵
In-game currency: The main currency within the Catizen Ecosystem, which users will need to purchase in-game items, upgrades & services (E.g. Game Center, Launchpool, and Open Task).
Governance: Community Governing Token to vote on upcoming Launchpool projects.
Staking: Users can stake $CATI to participate in Catizen’s Launchpool platform and hold $CATI to receive future airdrops via Open Task.
Project Highlights
Various milestones have already been completed and as of this month, the project has earned over $26 million in game revenues. Accordingly, over 1 million of the 37 million players are paying gamers which per Binance research is "unprecedented among Web3 games"
The project expects to open the Launchpool and Game Center for public participation in the next quarter. It also looks to expand its gameplay and earning opportunities by integrating 5 Launchpool projects and 20 games into the Catizen Game Center.
2 Days Left to Farm $CATI on Binance Launchpool
A few days ago, Catizen became the 59th project on Binance Launchpool. 9% of its native utility & governance token, CATI, is allocated to reward eligible participants. Further details of the Launchpool are as follows:
- Farming Period: 16th September (00:00 UTC) to 20th September (23:59 UTC)
- Eligibility: KYC (some regions or countries are restricted)
- Launchpool Total Reward: 90 million CATI
- Token Listing: 20th September 10:00 (UTC)
- Trading Pairs: CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY
Supported Pools
❇️BNB Pool
- 85% of the Launchpool rewards or 76.5 million CATI (capped at 19.125 million daily) are allotted for this pool.
- Maximum hourly cap per user is 79,687 CATI
- Over 18.4 million BNB are currently locked in this pool by more than 1.6 million participants.
- BNB Vault and the Simple Earn products (Flexible and Locked) and Staked Lista BNB (slisBNB) in Binance Web3 MPC Wallet are automatically entitled to this airdrop.
❇️FDUSD Pool
- Total Rewards: 13.5 million CATI or 15% of the total rewards capped at 3.375 million a day
- Maximum hourly cap per user is 14,062 CATI
- Nearly 2 billion FDUSD is locked in this pool by over a hundred thousand (100,184) participants.
Rewards for the above pools are calculated hourly and users can claim them anytime while the Launchpool is ongoing. Unclaimed airdrops will be credited to users' Spot Wallet when the farming period ends.
For infotainment only. Not an endorsement of the project. Staking on the Launchpool carries certain risks. DYOR.
References/Sources & Project Links:
Images are linked directly to their sources. No copyright infringement intended. 17092024/23:30utc