Ton based telegram games are becoming the talk of the town getting supported by millions of people and the support of Binance as well. The most recent examples we have is DOGS , Hamster Kombat and now binance is supporting Catizen.
I see a lot of people are talking about Catizen so i decided to share my opinion on it as well. In this article we will discuss binance 59th launch pool #CATILAUNCHPOOL
What is Catizen Game?
Catizen games is a mini game built on Ton and Mantle blockchain.
The main goal of the game is to breed cats and earn game tokens, in particular Kitty and Fish, which can be used to get various benefits in the game and participate in AirDrop.
Millions of users participated in Catizen game according to their stats the game has 38 million players with 6.2 million daily active players. (Pretty impressive number i would say)
Since the project is about to launch so we will focus more on the plans and use case of the project rather talking about how you can play the game.
What makes Catizen different from other project?
Catizen has quickly become a major player in the Web3 gaming space. In just six months since its launch, Catizen has amassed 38 million users, including 800,000 paying users who contribute an average revenue of $27 -$33 each. This rapid growth has made Catizen the highest-earning app on Telegram, outpacing all other mini-apps on the platform.
This means not only they have active users they also generated a good amount of revenue from these users as there was an option to upgrade the cats to earn more rewards and with this catizen total revenue surpassing $25 million.
Catizen Investors
According to reports
Binance Labs has invested an undisclosed amount of money in Pluto Studio, the publisher of the Telegram mini-game Catizen.
Pluto recently also raised $6 million in two rounds, co-founder Ricky Wong told The Block.
Catizen Game Partners
Here is the list of Catizen partners
What are the use cases of this project?
CATI Staking
To reduce the possibility of an instant selloff by allowing users to stake CATI to earn extra rewards. Available as soon as the allocation is revealed, the staking period will run through until September 24. Each account will be limited to earning an additional 1,000 CATI.
Full-scale launch of the AI Cats feature, enabling users to interact with intelligent cat avatars for a more immersive gaming and social experience.
Expansion of Catizen with over 200+ mini-apps, transforming it into a comprehensive mini-game and social hub.
CATI Tokenomics
CATI as the Catizen's governance/utility Token, has a total supply of 1 billion, which will never be increased. The above picture is the releasing schedule and economic models.
My Opinion On Project
I believe in community based project it's always the community who makes or breaks a project. Looking at the size of the community i think the numbers are quite impressing and if they keeps engaging the community with the project, it can do well.
As there are millions of participants and millions will receive the airdrop as well and i like the team idea of offering Cati staking so those who receive the free tokens can stake to earn more tokens. This will somehow reduce the sell pressure.
Also i like their strategy of generating revenue from the users. Not every project does that but you have to accept that no project can run without having money in their reserves. This revenue will help the project in their future development and marketing.
The project also has some good investors behind it's back one of the key investor is binance labs.
Like i said if they keep engaging the community with the project it can do well as we don't have many cat based projects in crypto space so there is a chance that catizen secure a place.
My Price Prediction For CATI
No one know what the exact launch price will be but we will do the basic math based on the last launchpad coins. We will get the information of the marketcap of these coins when the trading was started.
The average launchpool coin that launched on Binance has a marketcap of $350-$500 million and DOGS was launched at $600m marketcap.
Lets say CATI launch at $500 million marketcap and the total supply is 1 Billion and the circulating supply at the time of the launch will be 305,000,000 CATI (~30.5% of total token supply)
Based on my caclulation i think it might be launched at $1.15 - $1.64
And if it launch at the marketcap of $600 million like DOGS the price can be around $2
It's just my observation based on previous launchpools. What's your price prediction ?
Your opportunity to earn Catizen tokens with BNB Staking
How to earn CATI tokens on Binance Launchpool?
If you want to earn catizen tokens, the first thing you'll need is a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in cati token farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat.
Once you're all set with your account and balance simply click on the below link this will redirect you to the staking page
Or you can do it manually
Head over to the menu on the top side of the Binance interface and select "More". Then, go to "Launchpad & Launchpool".
Then, find the available CATI farming pools. Depending on which tokens you want to stake, select BNB Pool or the FDUSD Pool. Next, follow the instructions provided by the exchange.
Binance Launchpool Opportunity while $BNB Conoslidating around All time high
I am always a fan $BNB as it gives you the opportunity to make money while you hold it. Price is currenctly consolidating around all time high. I would not be surprised if it breaks this zone.
The holders have the opportunity to farm upcoming Launchpool projects and currently you can farm 2 tokens including #BinanceLaunchpoolCATI and Hamster.
We all like the free money and BNB provide that opportunity.
I hope you liked the information about #CATILAUNCHPOOL , Let me know when you think about the project.
