Singapore, Singapore, September 20, 2024, Chainwire
Mantle’s flagship game, Catizen, has officially launched its token, $CATI, on multiple exchanges, including Binance, OKX, Bybit, Gate.io, and Bitget. As the highest-grossing mini-game on Telegram, Catizen seamlessly integrates Telegram with The Open Network / TON (L1) and Mantle Network (L2). As the universal token of the Catizen ecosystem, $CATI is issued on both TON and Mantle. It can be used in the mini-app center and open tasks, providing users with the opportunity to participate in the Launchpool “Stake to Earn”, further promoting the development of the entire gaming ecosystem.
The $CATI token will exist in a parallel relationship on TON and Mantle, with a maximum supply of 1 billion tokens on each. However, the actual total supply will remain at 1 billion on both blockchains due to the lock mechanism. Currently, cross-chain transfers of $CATI can be done via the Bybit exchange. The balance between the two chains is maintained via mutual lock contracts. For example, if Catizen dumps $10 million CATI to Mantle users, $990 million CATI of the $1 billion on Mantle Network will go into the lock contract, while $10 million CATI of the $1 billion on TON will go into the lock contract to ensure that the total circulation on both chains remains capped at 1 billion.
Since receiving a lead investment from Mantle EcoFund in February 2023, Catizen, developed by Pluto Studio, has rapidly gained popularity, becoming one of the most successful blockchain games in the world, with over 36 million players. Catizen’s success can be reflected in the following impressive metrics:
- Over $30 Million in Revenue Generated in Just 6 Months
- Over 7 million daily energetic users (DAU)
- 3 million users on-chain, with over 600,000 on the Mantle blockchain
- Over 1 million paid users, with an average revenue per paid user (ARPPU) of $27, for a total revenue of $27 million
- Over 1 million MNT tokens and 40 million $FISH tokens were given away as rewards exclusively to Mantle Catizen users
- High-quality transactions: Users bind wallets, sign contracts, and pay gas fees in MNT or TON for each transaction. More than half of the wallets have assets worth at least $10 or more
By offering exclusive benefits through Mantle and TON, Catizen has proven its unparalleled ability to onboard users to Web3 on a massive scale, becoming a leader in the next wave of Web3 gaming economies.
More information:
Catizen stats on Mantle: https://dune.com/hashed_official/catizen-mantle
$CATI dump details: https://x.com/CatizenAI/status/1833554571219898749
About Mantle
The Mantle ecosystem includes the Layer 2 (L2) Mantle Network, the Decentralized Autonomous Organization (DAO) Mantle Governance, one of the largest on-chain vaults Mantle Treasury, and the Ether (ETH) liquid staking protocol Mantle LSP: all built on Ethereum. The Mantle Token ($MNT) is the unified product and governance token of the ecosystem.
Mantle’s first core product is Mantle Network, an Ethereum L2. Mantle Network aims for compatibility with the Ethereum Virtual Machine (EVM). Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules—which can be individually upgraded and adopt the latest innovations. Mantle Network is the first L2 to work with ETH’s EigenLayer reclaim protocol to provide a data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum. As the world’s first L2 created by a DAO, Mantle Network pioneers the vision of mass adoption of token-governed technologies. The current version of the mainnet, Mantle Network Mainnet v2 Tectonic (Mantle v2 Tectonic), was launched on March 15, 2024.
The Mantle Network infrastructure is carefully designed to meet the requirements of the web3 gaming stack, enabling the creation of a connected and comprehensive gaming universe where assets have real value beyond the ecosystem of a single game. Closely aligned with Mantle initiatives such as Hyperplay, the Mantle Network ecosystem of knowledge and assets facilitates a streamlined process for developers to build and deploy their game projects.
To support the next generation of innovators, builders and developers, Mantle is growing its ecosystem through the Mantle Grants Program and the Mantle EcoFund, a $200 million catalyzed pool of capital. Mantle’s Showcase Apps program provides additional support and exposure to ecosystem projects in categories such as real-world assets (RWA).
For more information, readers can visit:
Website | X/Twitter | Devs X/Twitter | Discord | Telegram | YouTube | Blog | GitHub
About Catizen
Catizen is a revolutionary Telegram gaming bot that seamlessly integrates the Telegram messaging app with multiple blockchains, including TON and Mantle Network. It redefines the Web 3.0 experience by enabling mobile payments with both cryptocurrencies and fiat currencies. Leveraging Telegram’s massive user base, Catizen aims to create a hub for the Web 3.0 movement on an unprecedented scale.
In addition, Catizen is evolving into a Mini-app Center, integrating features from launchpool platforms such as early access to fresh projects, token-based activities, transactional capabilities, as well as brief videos and e-commerce features. This creative approach will attract and engage users through gamification and strategic Play-to-Airdrop initiatives, changing the way users access and engage with the Web 3.0 ecosystem.
For more information, readers can visit:
X | Official Website | Telegram | Telegram Chat | Bot
ContactMantle Communications TeamCoatwindrangerlabs@wachsman.com
