Letter from Tim Wong, Chairman of the Catizen Foundation
✉️ Dear @CatizenAI community members,
Today we have reached an important milestone: CATI token airdrop day! I am very excited to experience this historic moment with all of you. Each CATI token symbolizes your governance rights in the Catizen ecosystem. It is not just a token; it represents the consensus and trust of the community, which is the core spirit of Web3.
Many community members are wondering about the airdrop allocation, here is the answer -> 43% airdrop = 34% airdrop for the community + 9% for the Binance Launchpool.
Distribution schedule and business models:
✅ Airdrop and ecosystem 43%
Airdrop 34% 15% at TGE, without lock-up period, as a reward for Season 1 players. For the remaining part of the airdrop, it will be used for a quarterly airdrop campaign, rewarding players of future seasons. 9,900,000 tokens (0.99%) will be distributed at the beginning of Q2. This figure will increase by 10% each quarter until all airdrop tokens are distributed. The entire airdrop process will be completed within 8 quarters after TGE.
Launchpool 9%, 100% at TGE
✅ Liquidity 5%, 100% at TGE ✅ Treasury 15%, 10% at TGE, 12-month lockup, 48-month linear release ✅ Team 20%, 0% at TGE, 12-month lockup, 48-month linear release ✅ Investors 10%, 0% at TGE, 12-month lockup, 48-month linear release ✅ Advisors 7%, 0% at TGE, 12-month lockup, 48-month linear release
CATI, as the governance token of the Catizen ecosystem, has a total supply of 1 billion, which will never be increased. Additionally, 50% of the foundation’s proceeds will be used to buy back and burn CATI tokens to reduce the total CATI supply by up to 50%.🔥
After careful consideration, we have decided to release 30.5% of the total supply at the TGE. We see this TGE as the beginning of the creation of the entire CATIZEN ecosystem. After studying many successful Web3 and Web2 products and leveraging the experience of the advisory team, we are confident that the value of the $CATI token is ready to soar, with everything in place, waiting for the final push.
Catizen users have already taken advantage of several value return opportunities, including the ongoing $1 million “Stake to Earn” event. These opportunities to give back to the community will only increase in the future. Sustainable and long-term benefits are key factors for the mutual growth of the Catizen ecosystem and our community.❤️
To demonstrate our sincerity, we would like to emphasize that our team, investors, and advisors have no token allocation at TGE, with a 12-month lock-up period and a 48-month vesting schedule. This fully reflects our confidence in the long-term development of the Catizen ecosystem, ensuring that only players will be able to hold and trade $CATI tokens in the first year.
The Catizen mini-game platform is just the beginning. We will continue to cultivate Telegram's Miniapp ecosystem, working with the community to deliver thousands of top-tier mini-games and other rich content, such as mini-series and e-commerce, as we build a great entertainment empire together