1. Binance coin listing announcement
Users can invest BNB and FDUSD into the CATI reward pool to obtain CATI after 08:00 (GMT+8) on September 16, 2024. The CATI activity will last for a total of 4 days.
NOTE: Binance will be the first platform to list this token, and trading will be available on September 20, 2024 at 18:00 (GMT+8).
-Token name: Catizen (CATI)
-Total Token Supply: 1,000,000,000 CATI
- Initial circulation: 305,000,000 CATI (30.5% of total token supply)
-Launchpool Total: 90,000,000 CATI (9% of the maximum token supply)
-BNB pool (the website will be updated within 24 hours of this announcement and before the event starts): Total rewards 76,500,000 CATI (accounting for 85%)
-FUSD pool (the website will be updated within 24 hours of this announcement and before the event starts): total reward 13,500,000 CATI (15%)
2. Project Introduction
1) Game attributes
Catizen is a cat-themed synthesis game built on the Telegram applet. There will be many varieties of kittens in the game, each of which can bring in-game gold coins. Players can unlock new varieties of kittens with higher gold coin benefits by merging cats of the same type.
2) Traffic flow attributes
Players can get rewards of "Fish" tokens in the game by completing social platform tasks and recommending new players on social platforms. These rewards will be refreshed every day. This move further helps the platform to quickly acquire customers.
3) Game data
-Gaming revenue: > $26 million
-User base: >37 million gamers
- High-quality user base, with over 1 million paying users, which is unprecedented in Web3 games, 2.8 million on-chain active users, and 2.2 million Telegram premium users.
-On-chain users: >2.9 million
-Telegram Premium Users: >2.3 Million
-Paying users: >1.2 million
-Other mini-games in the Game Center, such as Bombie, demonstrate a sustainable IAB+IAP business model.
3. Project financing history
According to Rootdata, Catizen has currently raised $6.2 million in financing. The seed round was completed in June 2023, and investors include: Mask Network, Mirana Ventures, Taisu Ventures, y2z Ventures, Moon Capital, Phoenix Capital, SecondLive. The strategic round was completed in July 2024, and investors include: Binance Labs*, HashKey Capital*, Folius Ventures*, The Open Platform*, Ton.
4. Team Information
CEO: David Mak graduated from the University of California, San Diego and the University of London. He worked at BP Global Property and later worked as Web3 Director at Credito Capital.
CMO: Ka Hong graduated from Hong Kong Shue Yan University. He previously worked at CASH Wealth Management and served as Web3 Project Incubation Director at Dolphio Tech.
Co-Founder: Jun Zhu: Graduated from Shanghai University, worked as a software developer at Badda Media and Don Best Soprts.
CPO: Stanislav Bulaev graduated from Togliatti State University. He is a music and sound composer and is also responsible for software development. He worked as a software engineer at Netcraker Technology.
5. Social Data
Official website: https://catizen.ai/
Twitter: 2.9M, https://x.com/CatizenAI
Telegram: 9M, https://t.me/CatizenAnn
6. Token economic model:
The total amount of $CATI tokens is 1 billion, and 34% of the tokens will be unlocked at the opening, mainly from airdrops and Launchpool.
7. Historical coin statistics on Binance
1) Recent statistics
Recently, Binance has listed fewer coins than in the first half of the year, but the enthusiasm for new listings remains high. This mining attracted more than 2 billion FUSD and more than 18 million BNB. It is worth noting that both $DOGS and $CATI are Ton ecological tokens, and they have a high unlocking ratio when they are launched. The unlocking ratio of $CATI is 34%, mainly from airdrops and Launchpool.
2) BNB borrowing cost calculation
Calculated based on the BNB borrowing cost of the Binance exchange, the CATI payback price is approximately around 1.1U.
3) Comparison with peers
We compared the launch and subsequent development of tokens in Binance Launchpool that are also TON ecosystem tokens. $NOT is on a similar track, but the market environment is different, so we believe that the short-term upper limit of $CATI is 2U.
4) Pre-Market Reference
The highest price of $CATI in Bitget Pre Market is currently 0.85U, while Kucoin is around 0.75U. Relatively speaking, Bitget's trading volume is close to 1.8M, with better depth, which can better reflect the pre-market investors' pricing of $CATI.
8. Conclusion
We believe that the bottom range of $CATIk opening line will appear around 1U, and the high point may reach 1.5U. In the short and medium term, the upper limit of $CATI is temporarily 2U.
