Catizen, a Telegram-based card-swiping game that allows players to earn money, is gearing up to reveal how many CATI tokens players will receive ahead of the token's launch and airdrop on The Open Network (TON). Developers have also announced a Binance Launchpool rewards event before players can claim tokens on centralized exchanges.
Pluto Studio, the developer behind Catizen, announced on Friday that a snapshot of players' game progress will be taken at midnight, with token distribution details to follow on Saturday morning. Players can then claim their tokens through centralized exchanges on Sunday, ahead of the CATI token generation event scheduled for September 20.
Announcing the token distribution in advance could either ease concerns or create excitement among players. In June, Blast game users experienced disappointment when, after overcoming technical issues, their token allocations were smaller than expected, triggering a sell-off before many could claim their airdrop.
To prevent a similar sell-off, Telegram Cat Games plans to offer staking options for CATI tokens, which will be available once the token distribution is announced. Staking will run until September 24, with a limit of 1,000 CATI per account.
Allowing players to claim tokens through centralized exchanges and encouraging staking rather than immediate withdrawals could help mitigate potential impacts on The Open Network (TON), where CATI will be deployed. Players preferring to withdraw tokens to their own wallets will need to wait until September 20.
Airdrop claims and staking will be supported by Catizen’s exchange partners, including OKX, HashKey, and KuCoin, with some platforms already offering pre-market trading for the tokens. Pre-market trading is more speculative and risky due to uncertainties such as token supply and distribution.
Currently, Bybit traders value the token at $0.724, while OKX traders price it slightly lower at $0.6974.
Like other popular Telegram games, such as Hamster Kombat, Catizen will debut its token on Binance through a Launchpool rewards event. Out of the 1 billion total supply of CATI tokens, 90 million will be available to Binance users who stake Binance Coin (BNB) or FDUSD stablecoins between September 16 and 19.
According to Binance, the initial circulation of CATI tokens will be 305 million, which is over 30% of the total supply. This includes airdrop allocations, though Pluto Studio previously mentioned that 43% of the total token supply will be distributed via airdrops, possibly across multiple waves.
September is shaping up to be a busy month for The Open Network (TON), with several Telegram games launching their tokens. The largest, Hamster Kombat, with reportedly over 300 million users, will release its HMSTR token on September 26, alongside other games launching tokens around the same time.
TON developers have cautioned about potential technical issues following two outages in late September caused by high airdrop and trading activity.
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