What is the issuance and circulation of Catizen (CATI) coins?

Through a fair launch and transparent pre-mine, the Catizen (CATI) platform ensures equitable distribution of its cryptocurrency, CATI coins, while facilitating dApp creation and governance.

Dec 15, 2024 at 05:34 am

Issuance and Circulation of Catizen (CATI) Coins

Catizen (CATI) is a decentralized blockchain platform that facilitates the creation and management of decentralized applications (dApps). CATI coins are the native cryptocurrency of the Catizen platform, used for various purposes within the ecosystem, such as transaction fees, staking rewards, and governance.

Issuance of CATI Coins

The initial issuance of CATI coins occurred through a fair launch, where tokens were distributed to the community through a decentralized process. The total supply of CATI coins is capped at 100 million, with a pre-mine of 5 million coins for the project team.

• Fair Launch: The majority of CATI coins were distributed to the community through a fair launch process, ensuring an equitable distribution and preventing centralized control.
• Pre-Mine: A small portion of CATI coins (5 million) was pre-mined and allocated to the project team to fund development and operations. This pre-mine is transparently disclosed and does not give the project team any unfair advantage.

Circulation of CATI Coins

CATI coins are currently in circulation and can be traded on various cryptocurrency exchanges. The circulation supply represents the number of CATI coins that are available in the market, excluding those held by the project team or locked for staking.

• Exchanges: CATI coins are listed on reputable cryptocurrency exchanges, providing liquidity and accessibility for traders and investors.
• Staking: A significant portion of CATI coins is held by stakers who participate in the network's consensus mechanism and earn rewards for securing the blockchain.
• Wallets: CATI coins can be stored in various cryptocurrency wallets, including hardware wallets, software wallets, and exchange-hosted wallets.

Factors Affecting CATI Coin Circulation

Several factors can influence the circulation of CATI coins, including:

• Adoption and Usage: The adoption of Catizen platform for dApp development and blockchain solutions can increase the demand for CATI coins.
• Staking Rewards: Attractive staking rewards can incentivize holders to stake their CATI coins, reducing the circulating supply.
• Market Conditions: Overall cryptocurrency market conditions can impact the demand for CATI coins and its circulation.