🪂 Catizen $CATI Really MESSED UP With Their #Airdrop Allocation

🐱 9 Big Mistakes by the Catizen Team (They Just Filled Their Pockets) 👇

1. Misleading Rewards Structure:

Initially, rewards were supposed to depend on CATI speed (VKitty) and Fish Consumption. Now, allocations are based on investment amounts. Master-level members who didn't spend got 30-40 tokens, while Gold members with just $40 investment received 40-60 tokens.

2. Unclear Supply Allocation:

The team claimed 43% of the total supply would be airdropped but didn’t specify the seasons. They should have detailed S1 and S2 in the whitepaper from the start.

3. Overblown Launchpool Allocation:

Recent Binance Launchpool projects allocated 3-4% to the launchpool, but Catizen diluted this to 9%, cutting from the community airdrop supply rather than the team’s allocation.

4. Reduced Community Supply:

The airdrop supply was reduced from 43% to 34% (after accounting for the 9% launchpool). It's now split into two seasons, with S1 only receiving 15%. This lack of transparency is concerning.

5. Lack of Transparency:

They failed to mention S1 and S2 seasons in the whitepaper, undermining their claim of a 43% airdrop supply and showing a strategy shift to reduce community benefits at launch.

6. Questionable Valuation:

They raised only $2.8M by diluting 10% of the supply, which implies a valuation of just $28M. This raises serious concerns.

7. Excessive Team Allocation:

The team received 20% of the supply, more than the S1 airdrop (15%). Including the IYK treasury, about 35% of the supply benefits the team. This is both disappointing and frustrating.

8. Neglecting Early Contributors:

They overlooked dedicated users who contributed for months and focused more on fundraising and team allocations, raising $26M from 1.2M paying users.

9. Unfair Allocations:

They diluted 10% of the supply for just $2.8M, while 35% went to the team and 9% to the Launchpool.

I was initially bullish on $CATI due to thorough research and their promise of a 43% airdrop.