The virtual kitten game, Catizen, has made a remarkable entry into the crypto world by completing its $CATI token airdrop on September 20, 2024. Managed by Pluto Studio and hosted on Telegram, Catizen has quickly become one of the most popular crypto games, combining gaming and blockchain rewards.
Since its inception in March 2024, Catizen has focused on building a vibrant gaming community. This vision was bolstered when the project received prestigious funding from Binance Labs, the venture capital arm of Binance, in July 2024. This financial backing enabled the development team to create a scalable game engine designed to handle the growing demand for crypto games on Telegram.
Before the CATI token officially launched, Catizen had already achieved tremendous growth, attracting over 39 million total users and 18 million active monthly players. These numbers highlight Catizen’s rapid success in the crypto space, especially as it celebrates milestones following the completion of the $CATI airdrop.
Key Metrics and Community Engagement
Catizen has seen impressive community engagement since its launch:
- 3.1 million on-chain players actively participating in the game.
- The project’s follower count on X (formerly Twitter) has reached 2.9 million.
- More than 4 million daily interactions with Catizen’s Telegram bot, showcasing the strength of its user base.
Since its launch, Catizen has recorded approximately 39.5 million transactions on the TON network, with users completing tasks such as daily check-ins and game boosts. The success of the $CATI airdrop on September 20 now sets the stage for Catizen’s further growth in the crypto gaming world, especially with the CATI token now listed on major exchanges, including Binance, Bybit, OKX, Bitget, Gate.io, MEXC, and KuCoin.
CATI Token Distribution and Future Plans
The $CATI token has a total supply of 1 billion, with no plans for further issuance. The breakdown of the token allocation includes:
- 34% allocated for airdrops, with 15% already distributed to early participants and the remaining 19% set to be distributed through the Airdrop Pass.
- 20% allocated to the team.
- 15% reserved for the treasury.
- The remainder distributed among seed investment, advisors, liquidity, and strategic investments.
Following the initial airdrop, the Catizen team introduced a transparent distribution model for future Airdrop Passes, which will operate on a 90-day cycle. In Airdrop Pass Season 1 (S1), 1% of the CATI tokens will be distributed, and players can earn points by completing various in-game tasks. The Airdrop Pass will display both individual player points and the cumulative points earned by all players.
Market Impact and Token Performance
In the first two hours of trading, $CATI recorded an impressive $300 million in market volume, indicating strong public interest. The token debuted at an initial price of $0.95 and quickly surpassed the $1 mark, even reaching a peak of $1.45 on exchanges like KuCoin for a brief period. The fully diluted valuation of Catizen stands at approximately $950 million, with a market capitalization of $285 million based on the circulating supply—impressive figures for a gaming bot based on Telegram.
Conclusion: Catizen’s Future in Crypto Gaming
The success of Catizen’s CATI token airdrop highlights the growing potential of crypto games on platforms like Telegram. Catizen’s journey, from securing Binance Labs funding to launching a major token airdrop, has shown how effectively the Built-to-Earn model can integrate into the crypto world. The success of the airdrop may inspire other projects to allocate resources for community giveaways, further emphasizing the importance of token distribution in building strong gaming communities.
With millions of players and significant momentum, Catizen is poised to be a key player in the evolving world of crypto gaming.
