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Catizen (CATI) Soars 10% Following Multiple Exchange Listings

Sergio Gruber by Sergio Gruber
September 21, 2024
in Crypto, News
Reading Time: 2 mins read
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Catizen (CATI) Soars 10% Following Multiple Exchange Listings
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A rapidly emerging play-to-earn game on Telegram, Catizen, has made headlines with the launch of its native token, CATI. Officially introduced to the market on September 20, 2024, CATI is now trading on major platforms including Binance, OKX, Bybit, and Bitget.

The CATI token is generating significant buzz, especially within the Nigerian Web 3 community. With over 34 million players and impressive revenue figures, Catizen is solidifying its position in the blockchain gaming landscape.

Airdrop Success

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The CATI launch was further bolstered by an effective airdrop campaign, which saw early participants receiving token distributions. Bybit was the first exchange to complete the airdrop, distributing approximately 17.7 million CATI tokens to users.

This campaign is part of a broader allocation of 340 million tokens, with plans for future airdrops aimed at maintaining user engagement. The initial trading price for CATI was $0.97, reflecting robust demand from investors eager to capitalize on this new opportunity.

Beyond generating excitement, the airdrop has incentivized players to engage more deeply with the Catizen platform. Activities and interactions within the Telegram mini app—particularly task completion and game city upgrading—enable users to earn CATI tokens.

Increasing Attractiveness And Income

The appeal of Catizen lies in its innovative gaming concepts and unique integration with Telegram. In-game currencies like Fish and vKitty allow players to earn rewards in the form of CATI tokens.

Reportedly, the game has generated almost $26 million from in-app purchases. With over 36 million players recently recorded, Catizen’s growth trajectory appears strong.

The project has also garnered substantial support from Mantle EcoFund, which has been instrumental in its expansion. As Catizen evolves into a Mini-app Center integrating launchpool features, it promises to enhance user experience and engagement, potentially positioning itself as a major player in Web 3 gaming.

The Road Ahead

Looking ahead, Catizen’s future plans include continued airdrops and additional feature integrations to boost user interactions. The total supply of CATI tokens is capped at 1 billion, with distribution evenly split between the two chains in use: TON and Mantle.

As the cryptocurrency world continues to evolve, Catizen’s approach may set a precedent for upcoming play-to-earn games. With engaging gameplay, strong community involvement through airdrops, and strategic partnerships, Catizen’s future looks promising.

September has been a pivotal month for crypto events in Nigeria, highlighted by both Catizen’s launch and another significant airdrop from Hamster Kombat. These projects are navigating a competitive landscape in Web 3 gaming, and all eyes are on them as they move forward.

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Sergio Gruber

Sergio Gruber

Financial writer Hello, my name is Sergio Gruber and I am a finance editor with a specialization in blockchain and cryptocurrency. I have a deep understanding of how the financial world is being transformed by these exciting technologies.I received my degree in Finance Editing from Western Washington University, where I learned how to combine my passion for writing and financial analysis. Since then, I have worked with a number of high-profile publications, helping to educate and inform readers about the latest developments in the world of blockchain and cryptocurrency.

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