Members of the Telegram ecosystem are in uproar following recent revelations about the Catizen (CATI) token launch, which has been marred by controversy and dissatisfaction. The much-anticipated airdrop, initially slated for July, has been delayed and now faces scrutiny over the distribution details that were recently disclosed by Pluto Studio, the developer behind the tap-to-earn game.
The CATI token launch has experienced several hurdles in recent weeks. Originally scheduled for July, the airdrop was postponed as the development team sought to optimize key elements for a successful token listing. Pluto Studio cited the need to secure listings on major exchanges, provide multiple trading options, and establish a fair listing price as reasons for the delay. Despite these assurances, players are still grappling with the token’s eventual value, which is set to debut on The Open Network (TON) in the coming days.
The latest announcement regarding token allocation has further fueled discontent among the Catizen community. The developers recently revealed that the total supply of CATI tokens will be 1 billion, with 305 million tokens allocated to the circulating supply at launch. This has disappointed many players who invested significant time and effort into the game, expecting a larger share of the token rewards. One disgruntled player, who ranked 6,054 out of 36 million, expressed frustration over receiving just 39 CATI tokens, questioning the fairness of the distribution model.
The crux of the community’s frustration lies in the perceived lack of transparency surrounding the token allocation. Initially, Catizen had promised that 43% of the total token supply would be distributed to the community. However, the recent clarification from the developers indicated that this 43% will be split between the airdrop and the ecosystem, including a new campaign for Binance customers who stake coins via Launchpool rewards.
The adjustment to the distribution model has not gone unnoticed. The team has announced that only about 30% of the total token supply will be in circulation at the launch, raising questions about the fairness and adequacy of the reward distribution. Additionally, changes to the airdrop design have been implemented to address issues with players using artificial means to boost their earnings, a move that has added another layer of complexity to the situation.
The discontent among CATI players has manifested on social media, particularly on X (formerly Twitter), where the hashtag #catizenscam has gained traction. The trending hashtag reflects the widespread dissatisfaction with the token distribution changes and the overall lack of communication from the development team. Players are calling for greater transparency and a reevaluation of the token allocation to ensure a more equitable distribution.
In response to the backlash, Pluto Studio has emphasized their commitment to addressing community concerns and ensuring a fair launch. The team has acknowledged the need for clearer communication and is working to provide additional information to alleviate player concerns.
As the CATI token launch approaches, the developers face the challenge of restoring player confidence and ensuring a smooth and transparent distribution process. The coming days will be crucial in determining whether the community’s grievances can be addressed and whether the launch will proceed without further complications.
September 2024, Cryptoniteuae