Catizen (CATI) Soars 10% Following Multiple Exchange Listings
22 September 2024 - 2:00PM
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A rapidly emerging play-to-earn game on Telegram, Catizen, made
headlines as it went live with its native token, CATI. Officially
launched in the market on September 20, 2024, it is now trading
live on Binance, OKX, Bybit, and Bitget. Related Reading: Avalanche
(AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term
Outlook The CATI token is gaining a lot of hype among the Nigerian
Web 3 community. Catizen has around 34 million-plus players and
impressive revenue figures, hence its strong position in blockchain
gaming. Airdrop Success The CATI launch is also complemented by an
effective airdrop campaign with token distribution to early
participants. Bybit is the first exchange to finalize the airdrop
distribution that involved sending about 17.7 million CATI tokens
to users. This campaign is a component of a broader allocation of
340 million tokens, and there are plans for future airdrops to
maintain user engagement. The initial trading price for CATI was
$0.97, which was indicative of the robust demand from investors who
were anxious to take advantage of this new opportunity. Apart from
creating buzz, the airdrop has motivated players to interact more
with the Catizen platform. Activities and interactions inside the
Telegram mini app—more especially, task completion and game city
upgrading—allow one to earn CATI tokens. Increasing Attractiveness
And Income The charm of Catizen is found in its original gaming
ideas and special connection with Telegram. In-game currencies like
Fish and vKitty let players earn prizes in CATI token form. Just
from the in-app purchases, the game reportedly has brought in
almost $26 million. With more than 36 million players recorded
lately, Catizen’s expansion path seems strong. The project also
received significant support from Mantle EcoFund, which helped it
grow. Catizen promises to improve user experience and engagement as
it becomes a Mini-app Center that merges launchpool features. This
strategy could make it a major Web 3 gaming player. Related
Reading: XRP Price Surge Could Hit 9,470% — Analyst Predicts $27
Target In Bold Forecast The Road Ahead Future plans include
continued airdrops and other feature integrations to increase
interactions amongst users. The total supply of CATI tokens in the
project is set at 1 billion, and those will be split equally
between the two chains used: TON and Mantle. As the cryptocurrency
world evolves, Catizen’s approach may serve as a precedent for all
the play-to-earn games in the pipeline. With this said, because of
engaging gameplay, community involvement through airdrops, and
strategic partnerships, the road ahead for Catizen looks bright.
With September being a crucial month for crypto events in
Nigeria—highlighted by both Catizen’s launch and another
significant airdrop from Hamster Kombat—the spotlight is firmly on
these projects as they navigate the competitive landscape of Web 3
gaming. Featured image from OKX, chart from TradingView
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