Telegram Game Catizen (CATI) Token Is Live on Binance: Here’s What to Know #CatizenSuccess
CATI Catizen. Hamster kombat #hamsterkombat24
The price of Catizen’s CATI token soared nearly 30% after spot trades opened on major exchanges on Sept. 20, but there is doubt over the project's future.
Key takeaways:
• Catizen (CATI) token started trading on major exchanges like Binance on Sept. 20.
• CATI surged 30% at launch, but there’s concern about the longevity of play-to-earn tokens.
• Catizen’s airdrop was marred by accusations of unfair distribution after the developer changed the criteria at the last minute.
The Catizen (CATI) token officially started trading on Binance, the world’s largest crypto exchange, on Sept. 20, marking a major milestone for the kitty-themed Telegram game.
Catizen had already rolled out pre-market trading on other exchanges like OKX and Bybit, ahead of the launch.
A few days earlier, Binance had announced the listing of Catizen on its so-called Launchpool, allowing users to stake their Binance Coin (BNB) tokens and the dollar-pegged stablecoin First Digital USD (FDUSD). By doing so, users could “farm” CATI – in other words, earn the token without ever playing the game.
As spot trades opened on Sept. 20, Binance users who received the token, whether via an airdrop or staking, could buy or sell the asset across pairs that include CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY. As of this writing, the token is trading at around $0.94.
Manel Sort, CEO and co-founder of Games for a Living (GFAL), told Cryptonews that listing on a major exchange like Binance makes a token more visible and accessible.
“This potentially leads to increased trading activity and short-term price movements,” explained the studio lead.
Catizen’s airdrop has been rocked by controversy, with accusations of unfair distribution. There’s also lingering concern about the project’s future given that, in the past, similar P2E tokens have crashed soon after launch as profit-hunters cashed out.
