The trading of Catizen's CATI tokens started on Friday following a successful airdrop of 150 million tokens, constituting 15% of the total 1 billion supply.
CATI Token Trading Begins
The trading of Catizen's CATI tokens began on Friday, with 150 million tokens, representing 15% of the total 1 billion supply, airdropped to users as part of its Season 1 distribution. This launch followed a two-month delay from its initially scheduled date. The airdrop process started on September 14, revealing allocations to players. However, some users expressed dissatisfaction regarding their token allocations.
User Dissatisfaction over Allocation
Some users expressed dissatisfaction regarding their token allocations, as a larger percentage was initially planned but later reduced to divert 9% to the Binance Launchpool. Meanwhile, CATI tokens are available on multiple centralized exchanges, including Binance, Bybit, and Bitget, with deposit registrations for non-custodial wallets starting Thursday. The distribution of tokens to eligible participants was executed at 6 a.m. ET on the launch day, based on their game activity, according to the development team at Pluto Studio.
CATI Price Surge
Catizen claims over 39 million total users and 18 million monthly users, generating more than $16 million in revenue from in-app purchases as of July, according to Telegram CEO Pavel Durov. The launch has sparked optimism among investors, particularly after Binance announced support for CATI through various features, including simple earn and margin trading. Following this announcement, CATI’s price surged approximately 34%, reaching $0.9353 at press time. This reflects broader trends observed with recent token listings. This initial trading activity suggests a promising future for the Catizen project.
The initial trading of CATI tokens from Catizen, support from Binance, and the observed price increase indicate significant interest from investors and potential for further development of the project.
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