Telegram Game Catizen (CATI) Surges 22% After Launch On Binance

Telegram-based
tap-to-earn
game
Catizen

surged after
launching
on
multiple
centralized
exchanges
today,
including
Binance,
Bybit,
and
Bitget.

The
launch
came
after
150
million
tokens
were
airdropped
to
users
as
part
of
the
game’s
Season
1
token
distribution.

The
CATI
price
surged
22%
to
trade
at
$1.03
as
of
11.34
a.m.
EST
with
a
market
capitalization
of
$309
million.

Trading
for
The
Open
Network-based
CATI
went
live
at
6:00
a.m.
EST
today.

Some
Users
Upset
With
Reduced
Airdrop
Allocation

CATI’s
Season
1
airdrop
is
15%
of
CATI’s
1
billion
supply,
and
is
part
of
the
340
million
tokens
that
have
been
set
aside
for
distribution
to
eligible
players.
The
remaining
190
million
tokens
are
scheduled
to
be
airdropped
on
a
quarterly
basis,
according
to
the
project’s
team.

????Hey,
Catizens!

Deposit
Registration
of
????
CATI
to
the
on-chain
non-custodial
wallet
is
expected
to
be
Open
on
Sep.19
10AM
UTC.
After
deposit
registration,
CATI
will
be
distributed
to
your
wallet
after
Sep.20
10AM
UTC.

Please
carefully
check
the
wallet
address
and
memo
(if…

pic.twitter.com/eqzsytbmnq

—
Catizen
(@CatizenAI)

September
18,
2024

Some
Catizen
players
were
upset
with
their
token
allocations
during
the
airdrop,
since
the
team
had
initially
allocated
a
larger
percentage
of
the
total
supply.
However,
the
team
decided
to
reduce
the
number
of
tokens
shortly
before
the
distribution
event
and
instead
opted
to
divert
9%
of
the
original
amount
to
Binance
Launchpool.

The
team
was
also
criticized
for
how
some
players’
eligibility
weightings
were
calculated.

Catizen
Outperforms
Other
TON
Ecosystem
Tokens
After
Binance
Listing

Binance

announced that
it
will
activate
simple
earn,
buy
crypto,
convert
and
margin
trading
products
for
CATI
today,

Traders
can
also
trade
CATI
against
BTC,
USDT
and
any
other
crypto
tokens
listed
on
Binance
Convert
at
“zero
fees.”
From
Sept.
23,
users
will 
be
able
to
purchase
CATI
on
Binance
using
any
of
the
options
supported
by
the
platform’s
auto-invest
feature,
according
to
the
announcement. 

CATI
outperformed
other
tokens
within
the
TON
ecosystem
today.
Toncoin
itself
dropped
more
than
1%,
while


Notcoin

registered
a
minor
uptick
over
the
same
period.
Players
participate
with
the
aim
of
earning
tokens
tied
to
these
games
on
the
TON
blockchain.

Telegram
has
grown
its
presence
in
the
crypto
space
in
recent
months,
attracting
millions
of
gamers
who
use
the
app
to
play
tap-to-earn
games
such
as
Catizen,

Hamster
Kombat,
and
Notcoin.

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