|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Catizen Launches CATI Token for Trading, Sparking Controversy
Sep 21, 2024 at 06:01 am
Catizen, the innovative tap-to-earn game on Telegram, has officially launched its CATI token for trading. After a two-month delay from the initial launch date, this news has created quite a buzz in the gaming and crypto communities.
Announced on Monday, Catizen, a Telegram tap-to-earn game, has officially launched its CATI token for trading. This news comes after a two-month delay from the initial launch date.
Afterward, the CATI token, built on the TON blockchain, began trading on September 19 on several major exchanges, including Binance, Bybit, and Bitget, to name a few. This move is part of a strategic rollout to enhance the game's ecosystem and foster deeper player engagement.
According to the announcement, a total of 340 million CATI tokens were allocated for airdrop, which will be distributed over four quarters. However, the airdrop process has been subject to controversy.
Some players expressed disappointment when the token allocation was slashed shortly before the event. It was reported that 9% of the supply was diverted to Binance Launchpool, leading to frustration over perceived inequities in airdrop eligibility.
Despite the hiccups, Catizen boasts an impressive user base of over 39 million, with 18 million active monthly players. The game's successful token launch is expected to further energize its community and, above all, solidify its standing in the rapidly evolving landscape of blockchain gaming.
The project mentioned that its CATI token supply allocation is strategically designed to support the long-term growth of the Catizen ecosystem. The announcement disclosed that 5% is set aside for liquidity to maintain market stability.
Meanwhile, 15% is allocated to the treasury for future development and operational costs. 20% goes to the development team and 10% to investors. Additionally, 7% is reserved for advisors. All are structured with a 12-month cliff and a 48-month release schedule to encourage commitment.
Based on recent achievements, Catizen demonstrates strong engagement and commercial viability in the crypto gaming space. The Telegram-based game revenue in July surpassed $16 million from in-app purchases.
Telegram's integration of mini-game clickers like Catizen, Hamster Kombat, and Notcoin has significantly fueled the growth of the TON blockchain. These lightweight, web-based applications embedded within Telegram allow users to easily access games and allow decentralized services, earning tokens directly on the TON blockchain.
Interestingly, TON's daily transaction volume has surged twelvefold, boasting over 900 million active users and 1,159 crypto projects. In June, its Total Value Locked (TVL) surpassed $600 million, indicating increased user engagement and the platform's robust infrastructure and security measures.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Fantom (FTM) Price Prediction: Will Sonic Testnet Propel FTM to $1?
- Sep 21, 2024 at 12:15 pm
- Fantom's (FTM) price prediction largely depends on the outcome of its Sonic testnet, while Notcoin investors are watching closely after a significant 31% price drop.
-
- Holders with 7500+ BDAG Coins Get Access to BlockDAG’s New Testnet! SHIB Whales Resurface as Uniswap Unlocks 1B Tokens
- Sep 21, 2024 at 12:15 pm
- Shiba Inu (SHIB) has seen a 129% jump in whale activity, just as Shibarium’s upgrades approach. Meanwhile, Uniswap (UNI) has released its full 1 billion token supply
-
- Notcoin Struggles, Fantom (FTM) Value Rises 50%: Sustainable Rally or a Bull Trap? BlockDAG’s Testnet Launch Nears: Can it Hit $20 by 2027?
- Sep 21, 2024 at 12:15 pm
- Notcoin (NOT) has been facing severe bearish pressure, with its price dipping to a three-month low. Currently, Notcoin is trading at $0.00759
-
- BONK and Korean K9 Rescue Break Guinness World Record, Champion Dog Adoption During Korea Blockchain Week
- Sep 21, 2024 at 12:15 pm
- Amid the technological buzz and excitement of Korea Blockchain Week, where the focus is often on cutting-edge innovation, networking mixers, and high-profile events, one project managed to stand out not just for its blockchain relevance but for its heartwarming mission.
-
- BlockDAG's $73.5M Presale and 75B BDAG Mining Reward Pool Steal the Show as the Crypto Market Gears Up for a Bull Run
- Sep 21, 2024 at 12:15 pm
- As the cryptocurrency sphere gears up for another potential bull run, recent revelations from BlockDAG, Neiro Ethereum, and Aptos are causing quite a stir.
-
- Litecoin Whales Accumulate or Sell Off, Ethereum (ETH) Has a Narrow Window of Opportunity, BlockDAG (BDAG) Community Thinking Pushes it to $72.8 Million
- Sep 21, 2024 at 12:15 pm
- Positioning is everything and dictates who is talking about any given cryptocurrency and, more importantly, who is investing in those projects. Most investors understand that the best crypto to buy right now is the one that has put itself in the most favorable position amongst industry leaders, miners, and bloggers.
-
- AERGO Soars 25% Post Binance Contract Introduction, BlockDAG Presale Thrives Amid Premier League Partnership Speculations
- Sep 21, 2024 at 12:15 pm
- The cryptocurrency market is bustling with significant price movements, capturing the attention of traders. AERGO has seen a notable 25% rise following Binance’s introduction of perpetual contracts for the token. Similarly, Arbitrum is enjoying an upward trend, bolstered by key technical indicators that signal potential future gains.
-
- Don’t Miss the $WBT Airdrop: Claim Your Free Tokens Now!
- Sep 21, 2024 at 12:15 pm
- Did you qualify for WHITEBIT COIN Airdrop? Bitcoin Medium Follow -- Listen Share 🔸Token Airdrop: WHITEBIT COIN 🔸Duration: 4 min 🔸Investment: 0 🔸Anticipated Earnings: 1400$+ Below is a comprehensive guide to claim the WHITEBIT COIN airdrop on DappRadar: Click to enter official DappRadar page 1. Visit dappradar: The primary step is Navigating to the DappRadar site. 2. Verify Your Account: After registration, it’s crucial to verify your identity to maintain security and compliance and regulatory adherence. Proceed with the verification steps according to the platform’s requirements. 3. Wallet Setup: To receive your $WBT airdrops, you have to create an appropriate wallet on the DappRadar platform. This wallet will be used to safeguard and manage your tokens securely. Discover the world of WHITEBIT COIN airdrops on DappRadar’s site by completing these straightforward steps. Claim your tokens and uncover the numerous opportunities that WHITEBIT COIN presents.
-
- XRP Whales Have Gone on a Large Shopping Spree, a sign that could be bullish for the cryptocurrency's price
- Sep 21, 2024 at 12:15 pm
- On-chain data shows the XRP whales have gone on a large shopping spree recently, a sign that could be bullish for the cryptocurrency's price.