The virtual kitten game Catizen has successfully ventured into the crypto space with the completion of its CATI token airdrop to its community on September 20, 2024.
Developed by Pluto Studio and based on Telegram, Catizen began its journey in March 2024, with the goal of rewarding its users. In July, it secured crucial funding from Binance Labs, the venture capital branch of Binance, enabling the team to enhance the game's onboarding process and scale its platform to meet growing demand.
Before launching the CATI token, Catizen had already seen massive growth, attracting over 39 million total users, with 18 million monthly active users. Nearly 3.1 million on-chain players have participated in collecting digital coins and kittens, and the platform now boasts 2.9 million followers on X (formerly Twitter). Over 4 million users engage daily with Catizen’s Telegram bot, showcasing the game's vibrant community.
Catizen users have completed 39.5 million transactions on the TON network, engaging in activities like daily check-ins and game boosts. The successful airdrop marked a new phase for the project, with the CATI token now available on major exchanges like Binance, Bybit, OKX, Bitget, Gate.io, MEXC, and KuCoin.
The 1 billion CATI token supply will not see further issuance. Token allocation includes:
- 34% for airdrops (15% already distributed, 19% to be released via Airdrop Pass).
- 20% for the team.
- 15% for the treasury.
- The remainder for seed investors, advisors, liquidity, and strategic partnerships.
Catizen’s Airdrop Pass Season 1 (S1) will operate on a 90-day cycle, distributing 1% of tokens per season. Players can earn points through tasks, with progress tracked for both individuals and the community.
Within hours of trading, the CATI token saw a market volume exceeding $300 million, debuting at $0.95 and reaching a peak of $1.45 on exchanges like KuCoin. This placed Catizen’s fully diluted valuation at nearly $950 million, with a market cap of $285 million.
Catizen’s airdrop strategy reflects a growing trend in crypto gaming, where projects reward communities with token distributions. Inspired by similar initiatives, such as Notcoin on the Telegram network, Catizen’s approach highlights the potential for future projects to follow suit.
Looking for more airdrop opportunities? Check out these games via this link!