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on Catizen’s token $CATI, a popular ecological mini-game, will be listed on exchanges such as OKX and Bybit on September 20. It is expected that the official will conduct a token airdrop on the same day or earlier.
The official has long ago announced that the key to token distribution is the number of in-game tokens $vKitty that players earn on the platform. And yesterday (11th), the official added that as long as players reach the "Silver level" in the rankings (the lowest level is Bronze), they are eligible to receive airdrops.
As of Wednesday, more than 15.2 million players are eligible for air betting.
- Silver: Approximately 12.7 million players
- Gold Level: Over 2 million players
- Platinum level: approximately 320,000 players
- Diamond: 76,000 players
- Master level: 108,000 players
- King: 10,505 players
Notes on the activity area: As of the evening of September 12, there were more than 36.99 million players in total, which means that nearly 21.79 million players are still at the bronze level.
$CATI pre-market trading price
Currently, according to OKX pre-market trading data, CATI is currently trading at US$0.56, with an estimated market value of approximately US$560 million.
CATI Token Economics
The total number of CATI tokens is 1 billion. According to the project white paper, the tokens have multiple uses within the platform, including serving as in-game currency to purchase and upgrade items, staking for rewards, participating in platform governance, serving as a payment method for e-commerce platforms, and earning rewards.
The specific allocation is as follows:
- Airdrop: 43%
- Treasury: 20%
- Seed round: 8%
- Strategic round: 3%
- Liquidity: 4%
- Team: 20%
- Consultants: 2%
Previously, CATIZEN announced the later profit channels for $CATI holders, as well as the token application scenarios that will be practiced before the airdrop are as follows:
- Profit sharing of the Mini Game Center: 100% contribution from self-developed games and 30% contribution from third-party games. All players will receive commissions from all the revenue from the Mini Game Center.
- Staking assets to obtain airdrops of other tokens: Users who pledge CATI tokens will continue to receive airdrops of tokens from these games. The combination of staking income and cash flow repurchase will promote the increase in the value of CATI tokens, and the traffic and wealth effects brought about by this increase, combined with the user growth strategy, will help Catizen attract more traffic and promote more consumption. And attract more first-party and third-party game cooperation.
- In addition to the game center, Catizen plans to use existing traffic to launch on-chain transaction products based on Telegram to meet more user needs and expand revenue sources. The first product is an option protocol that allows users to purchase 1 Bitcoin for $10 and is scheduled to go live in the third quarter of 2024. The revenue generated by this agreement will be used to buy back CATI tokens, further increasing the value of the tokens and consolidating the advantages of our ecosystem.
- In addition to the $CATI profit channel and appreciation part, $CATI will serve as a governance token, allowing users to vote for games to be prioritized for listing on Catizen Game Center; screening high-quality projects into the Staking Launchpool, allowing users to obtain better benefits.
Extended reading: TON ecosystem’s most magical cat-playing chain game “Catizen” operation instruction, zero-cost ambush airdrop guide
