Catizen Enters Crypto Arena with Successful $CATI Airdrop
The virtual kitten game, Catizen, has recently made a significant entry into the crypto world by completing the successful airdrop of its CATI token to the community on September 20, 2024.
Managed by Pluto Studio and based on Telegram, Catizen's journey began in March 2024, with a commitment to rewarding its users. This vision was further supported when it secured prestigious funding from Binance Labs, the venture capital arm of the renowned crypto exchange, in July.
This funding proved instrumental for the developers, enabling them to create a seamless onboarding process for new users while enhancing the scalability and appeal of Catizen. The primary objective was to build a more efficient game engine to meet the high demand for gaming experiences on Telegram. Before the official launch of the CATI token on September 20, Catizen had already achieved remarkable growth, boasting over 39 million total users and 18 million active monthly users. Now, almost seven months after its launch, Catizen is celebrating record-breaking milestones alongside the completion of the crypto airdrop.
Around 3.1 million on-chain players have participated in collecting digital coins and kittens, while the project’s follower count on X (formerly Twitter) has reached 2.9 million. Moreover, more than 4 million people interact daily with Catizen’s Telegram bot, demonstrating a strong and active user base.
Since its launch, Catizen has recorded approximately 39.5 million on-chain transactions on the TON network, with users engaging in tasks such as daily check-ins and game boosts. Now, with the airdrop officially completed on September 20, Catizen is gearing up to enter a new era in the crypto gaming landscape. The CATI token is now listed on major exchanges, including Binance, Bybit, Okx, Bitget, Gate.io, Mexc, and Kucoin.
In terms of the CATI token's distribution, Catizen has a total supply of 1 billion CATI tokens, with no plans for further issuance. The allocation breakdown includes:
- 34% of CATI allocated for airdrops, with 15% already distributed to early participants and the remaining 19% set to be distributed primarily through the Airdrop Pass.
- 20% set aside for the team.
- 15% allocated to the treasury.
- The remaining portion distributed among seed investment, advisors, liquidity, and strategic investments.
Following this initial wave of CATI airdrops, the Catizen team received valuable feedback from its community and responded by implementing a fully transparent distribution model for the CATI in the upcoming Airdrop Pass Season 1 (S1). The Airdrop Pass will operate on a 90-day cycle, distributing 1% of tokens per season. Players can earn points by completing various tasks, and the Airdrop Pass will showcase both individual player points and the points accumulated by all Catizen players.
In the first two hours of trading, the CATI token recorded an impressive market volume exceeding $300 million, reflecting significant public interest and speculation. The token made its debut at an initial Catizen price of around $0.95 and quickly surpassed $1 in many instances, even reaching a peak of $1.45 on exchanges like Kucoin for a brief moment.
This launch has established Catizen with a fully diluted valuation of approximately $950 million, while the market capitalization of the circulating supply started at $285 million—remarkably high figures for a Telegram-based gaming bot focused on virtual kittens.
The success of Catizen's CATI token airdrop may encourage other projects to allocate a portion of their resources for similar community giveaways. This trend began with the launch of Notcoin on the Telegram network, where its team distributed tokens to millions of users for free. Since then, more crypto gaming projects have contemplated token distributions to reward their communities, and Catizen's journey has further demonstrated the potential of this strategy in the evolving crypto gaming sector.
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