Following a two-month delay, Catizen’s CATI token has gone reside for buying and selling, marking a major milestone for the Telegram-based tap-to-earn recreation.
As of 6 a.m. ET on Friday, 150 million CATI tokens—15% of the whole provide—had been airdropped to customers as a part of the sport’s Season 1 distribution. The tokens at the moment are accessible for buying and selling on a number of main exchanges, together with Binance, Bybit, and Bitget.
The token distribution additionally started earlier this week, with deposits to non-custodial wallets opening on Thursday. CATI holders acquired their tokens based mostly on in-game exercise, with additional quarterly airdrops deliberate as half of a bigger allocation of 340 million CATI tokens.
Despite some frustration from gamers relating to the last-minute discount within the promised airdrop proportion, which noticed 9% of the provision diverted to the Binance Launchpool, the sport’s neighborhood stays energetic.
Of the remaining token provide, 57% is put aside for liquidity, treasury, workforce, traders, and advisors, topic to a 12-month cliff and a four-year launch schedule.
Catizen’s developer, Pluto Studio, has reported vital person engagement, with over 39 million customers and 18 million energetic month-to-month gamers. The recreation has generated $16 million in income by means of in-app purchases, based on Telegram’s CEO, Pavel Durov.
TON Blockchain Expands Through Gaming Ecosystem
The launch of CATI tokens contributes to the continued growth of the TON blockchain, which is quickly gaining traction by means of standard Telegram mini-apps. Catizen is a part of a rising checklist of tap-to-earn video games that use the TON blockchain, alongside titles similar to Hamster Kombat and Notcoin.
The TON blockchain, which has seen a pointy improve in utilization and adoption, now helps over 1,159 crypto initiatives.
Its whole worth locked (TVL) has soared to $350 million, with transaction volumes rising twelvefold over the previous yr, pushed largely by decentralized trade exercise. With Hamster Kombat’s token anticipated to launch quickly, the TON ecosystem exhibits no indicators of slowing down.
