Trading begins with optimism following Catizen’s successful CATI token airdrop.
Binance support boosts investor confidence in CATI token’s market potential.
The trading of telegram tap-to-earn game Catizen’s token has gone live on Friday, with 150 million tokens, representing 15% of the total 1 billion supply, airdropped to users as part of its Season 1 distribution. This launch followed a two-month delay from its initially scheduled date.
The airdrop process began on September 14, revealing allocations to players. However, some users expressed dissatisfaction regarding their token allocations, as a larger percentage was initially planned but later reduced to divert 9% to the Binance Launchpool.
Meanwhile, CATI tokens are available on multiple centralized exchanges, including Binance, Bybit, and Bitget, with deposit registrations for non-custodial wallets starting Thursday. The distribution of tokens to eligible participants was executed at 6 a.m. ET on the launch day, based on their game activity, according to the development team at Pluto Studio.
From the total CATI supply, 5% is earmarked for liquidity, 15% for the treasury, 20% for the team, 10% for investors, and 7% for advisors. It all subject to a 12-month cliff and 48-month linear release schedule.
CATI Price Surge
Catizen claims over 39 million total users and 18 million monthly users, generating more than $16 million in revenue from in-app purchases as of July, according to Telegram CEO Pavel Durov.
The launch has sparked optimism among investors, particularly after Binance announced support for CATI through various features. It including simple earn and margin trading. Following this announcement, CATI’s price surged approximately 34%, reaching $0.9353 at press time. It reflects broader trends observed with recent token listings. This initial trading activity suggests a promising future for the Catizen project.
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