Cati Coin (CATI), the token for the play-to-earn game Catizen, recently made headlines with its listing on Binance and OKX. The token began trading on Binance on September 20, 2024, with several trading pairs, including CATI/USDT, CATI/BNB, and CATI/FDUSD. It saw an initial surge of 30%, although there are concerns about its long-term performance, especially given the history of similar tokens experiencing price drops after early gains.
The game itself allows users to manage a virtual city of cats, blending city-building mechanics with crypto economics. Additionally, OKX has listed CATI on its perpetual futures market, offering up to 50x leverage for traders. This is seen as a significant move, with market analysts speculating on potential price rallies due to the unique value proposition of the game and its integration with Telegram.
However, the CATI airdrop faced controversy, as many players felt that the distribution was unfair, with accusations of favoritism and dissatisfaction over the amount of tokens received by participants