It has been expected for months: Catizen (CATI) is listed on exchanges!
The expected token launch for Catizen's tap-to-win game operating on Telegram took place two months after the planned date. 150 million tokens, equivalent to 15 percent of the total supply of $ 1 billion, were distributed to users as airdrops within the scope of the first season.
The project team had allocated a total of 340 million CATI for airdrop events. After today's distribution, the remaining 190 million tokens are expected to be distributed through various campaigns.
The distribution of a larger percentage of the total supply as a start for airdrops did not please some Catizen players. Some players also complained to the development team on social media about the airdrop conditions. According to the information provided, 9 percent of the token supply was directed to Binance Launchpool.
Other parts of the total #CATI supply of 57 percent have also been allocated for specific purposes. Of this figure, 5 percent is allocated for liquidity, 15 percent to the treasury, 20 percent to the team, 10 percent to investors, and 7 percent to advisors.
Each token, divided into categories, has a 12-month lockup period and a 48-month fixed amount distribution schedule.
Catizen announced that it has more than 39 million total users and 18 million monthly users. Telegram CEO Pavel Durov shared that revenue from in-app purchases exceeded $16 million in July.
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