The highly anticipated launch of the Catizen (CATI) token is set to take place on September 20, marking a significant milestone for the popular Telegram-based project. With the token’s debut drawing near, here’s a comprehensive guide on what to expect and how to get involved.
Launch Details and Exchange Listings
The Catizen token (CATI) will officially launch with spot trading commencing on OKX at 10:00 UTC on September 20. Prior to this, CATI deposits have been available since September 9. On the listing day, a call auction will be conducted from 9:00 to 10:00 UTC (12:00 to 13:00 Kyiv/Moscow), after which trading will open in pairs with Tether (USDT).
In addition to OKX, pre-markets for CATI have already opened on several platforms including Bybit, Bitget, and KuCoin. Earlier in August, Hong Kong-based HashKey Global announced its partnership with Catizen and began trading CATI on its platform.
While the Catizen team has confirmed that the token launch will occur on September 20, details regarding the distribution of tokens to community members remain unclear. It is yet to be announced if the token distribution will align with the listing date or occur at a later time.
Token Distribution Breakdown
According to Catizen’s whitepaper, the total supply of CATI is capped at 1 billion coins. The distribution of CATI is planned as follows:
- 43% allocated for ecosystem development and circulation.
- 20% directed to the Catizen treasury.
- 20% reserved for the team.
- 8% set aside for early investors.
- 4% designated for liquidity provision.
- 3% allocated to strategic partners.
- 2% for advisors.
Initially, the project had planned to allocate 35% of the total CATI supply for community rewards, but this figure has been increased to 43%, reflecting a stronger emphasis on rewarding the community.
How to Participate in the Catizen Airdrop
To participate in the Catizen airdrop, players need to engage actively within the game. Catizen operates as a mini-application on Telegram where players manage a virtual cat café. To earn CATI, players must complete various tasks, upgrade their cities, and participate in community activities.
Players can boost their rewards by:
- Completing daily tasks and missions.
- Inviting friends to join the game.
- Participating in in-game events.
It is crucial to stay updated with Catizen’s official social media channels as the developers may announce special bonuses or promotions leading up to the token launch.
About Catizen
Catizen distinguishes itself within the Web3 ecosystem as a unique Telegram-based game. In a short span, it has attracted over 34 million users and generated approximately $26 million in revenue from in-game purchases. Unlike other Telegram-based games, Catizen focuses on managing a cat café, where players interact with virtual visitors rather than merely tapping on the screen to earn rewards.
Charitable Contributions
In a move to integrate social responsibility, Catizen has committed to donating 1% of its revenue to charity. In August, the project donated funds to PETA, an organization dedicated to rescuing homeless cats. This decision, however, has faced mixed reactions from the community.
Conclusion
With the CATI token launch on September 20, Catizen is set to enter a new phase of growth and engagement. Whether you’re a player looking to earn rewards or an investor keen on new opportunities, the upcoming launch promises to be an exciting development in the Web3 space. Stay tuned for further updates and ensure you’re well-prepared to participate in the token distribution.
September 2024, Cryptoniteuae
