The airdrop ratio changed from 43% to 34%?
Is the focus of token distribution not on vKitty revenue?
$CATI Pre-Market Price Trend
Catizen, a popular blockchain game on the TON ecosystem, finally officially opened users to check how many $CATI tokens they can get in airdrops last Saturday night (14th). However, many players are dissatisfied with the lower-than-expected allocation amount and the official change in the airdrop allocation standards without warning. The following article will help you clarify the entire controversy in detail.
The airdrop ratio changed from 43% to 34%?
First of all, according to the official announcement, the original $CATI token economics showed that the total amount of tokens was 1 billion and the airdrop ratio was 43%. However, the latest information released by the Catizen channel on September 15 showed that the airdrop ratio has been adjusted to 34%, and only 15% will be allocated to reward Season 1 players in the initial stage of the Token Generation Event (TGE). The remaining 19% of the airdrop will be used for quarterly airdrop activities, which is expected to be completed within 12 quarters after TGE.
Netizen @Gautamguptagg said:
“The token distribution for early contributors is not fair — over 80% of real users have invested valuable time. If 45% of the supply was allocated to the community instead of 15%, each user would receive a more fair distribution of tokens.”
In response, the official clarified that 43% of the supply will be allocated to airdrops and the ecosystem, including 90 million tokens for Binance Launchpool rewards (43% = 34% + 9%). According to the Binance announcement, users can invest BNB and FDUSD in the Catizen mining pool from 18:00 on September 16, 2024, Taiwan time, to participate in the 4-day new coin mining activity.
September 15 Catizen announced the specific release plan
Is the focus of token distribution not on vKitty revenue?
On the other hand, the official announced long ago that the key to token distribution is the speed at which players earn in-game tokens $vKitty on the platform (the higher the level of the cat, the faster the tokens are earned), but later it was discovered that this does not seem to be the largest distribution weight.
For example, @Cryptowithkhan said: “I ranked 6,000th among 36 million players, but only received 39 $CATI.”
In this regard, the development team explained that because some players used scripts and robot plug-ins to increase their income and try to obtain more CATI tokens, the team had to modify the airdrop design. The adjusted criteria reduced the weight of vKitty income rate and replaced it with indicators that better reflect real player activities, such as: on-chain interaction, task completion, and fish coin purchase and consumption.
It also stated that Catizen had previously issued an anti-cheating notice on May 2, which stated:
Any attempt to cheat by using scripts, loopholes, code or invite bots will not be tolerated. There are no shortcuts here.
The Catizen team is committed to preventing this type of abuse and ensuring that our governance tokens are distributed to genuine players.
That is to say, if you invite more people and invest more money to interact, you will get more token rewards; but for players who don’t pay, their token distribution will be squeezed. It can only be said that the standard of token airdrop is really a very complicated subject, and it is really not easy to satisfy everyone in the ecosystem.
$CATI Pre-Market Price Trend
According to the pre-market price of OKX, the price of CATI token is about $0.725, and it even reached $0.843 this morning. According to official instructions, major exchanges are expected to officially list and trade at 6:00 pm on September 20.
