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Cryptocurrency News Articles
Catizen Introduces Staking and Airdrop Pass to Reward Players Ahead of CATI Token Launch
Sep 20, 2024 at 06:02 pm
This staking mechanism, available shortly after the September 20 CATI token launch, reflects Catizen's broader goal of creating lasting value for its users.
Catizen, The Open Network’s (TON) popular swipe-to-earn game, has announced two methods for players to secure long-term value from its native CATI CATI $1.05 24h volatility: 16.2% Market cap: $212.11 M Vol. 24h: $371.59 M tokens.
As the token generation event (TGE) is set for September 20, these new features, namely the Catizen Launchpool & Earn Rewards and the Catizen Airdrop Pass, offer players multiple ways to maximize their returns while engaging with the game’s ecosystem.
In the Catizen Launchpool & Earn Rewards program, players can stake their CATI tokens and in-game cats to earn tokens from other high-value projects. This initiative gives participants an opportunity to generate additional rewards by utilizing their existing assets in the game. Moreover, players can stake CATI in the Earn Pool to increase their token holdings from partner projects.
This staking mechanism, available shortly after the September 20 CATI token launch, reflects Catizen’s broader goal of creating lasting value for its users. Notably, those with high-level cats will enjoy additional benefits, reinforcing the importance of long-term participation and higher engagement in the Catizen universe.
Catizen Airdrop Pass
Complementing the staking program, Catizen has introduced the Airdrop Pass, which designates 34% of the total CATI supply for distribution through airdrops. While 15% of these tokens have already been released to early participants, the remaining 19% will be distributed primarily through the Airdrop Pass.
Operating on a 90-day cycle, the Airdrop Pass allows players to earn points by completing tasks within the game. A fully transparent distribution model has been implemented in response to community feedback, ensuring players can track their estimated airdrop amounts throughout the season. This new system is designed to address concerns raised after the initial airdrop allocations, which left some players dissatisfied due to unclear communication and last-minute changes in criteria.
Players will also be able to earn additional rewards from partner projects like “Bombie” and “Vanilla,” adding further incentives for engaging with the Catizen ecosystem.
As the TGE approaches, players can already view their allocated tokens within the Catizen app and decide whether to stake their CATI for extra rewards or trade them on exchanges such as Binance, Bybit, and Bitget.
Player Dissatisfaction
Some Catizen players expressed frustration after the initial CATI airdrop allocations were revealed on September 14. Many found their rewards smaller than expected, sparking dissatisfaction over the unclear communication and last-minute changes to the criteria for determining allocations.
The adjustments, made to counteract artificially boosted earnings, ended up favoring players who spent more in the game, causing a backlash and leading to the “#catizenscam” trend. The team has tried to address these concerns by ensuring a more transparent distribution model.
Catizen aims to establish itself alongside other popular Telegram games like Notcoin and Hamster Kombat. The upcoming airdrop, combined with staking and other rewards, highlights the potential of blockchain-based gaming ecosystems to reward dedicated players in significant ways.
Leon is a seasoned blockchain writer and reporter, dedicated to uncovering the stories behind decentralized technologies. He excels in providing in-depth analysis and thought leadership in blockchain media. His reporting sparks meaningful conversations and fosters a deeper understanding of the transformative potential of blockchain.
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