Catizen (CATI) rises 10% after multiple stock market listings

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Telegram’s fast-growing play-to-earn game, Catizen, made headlines when it launched with its native token, CATI. Officially launched on September 20, 2024, it is now available on Binance, OKX, Bybit, and Bitget exchanges.

CATI token is gaining a lot of buzz among the Nigerian Web 3 community. Catizen has over 34 million players and impressive revenue numbers, hence its powerful position in blockchain gaming.

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Airdrop success

The launch of CATI is also complemented by a successful airdrop campaign with the distribution of tokens to early adopters. Bybit is the first exchange to finalize the airdrop distribution, with approximately 17.7 million tokens sent CORNER tokens to users.

This campaign is part of a broader allocation of 340 million tokens, with airdrops planned in the future to keep users engaged. The initial trading price of CATI was $0.97, indicating powerful demand from investors who wanted to take advantage of this up-to-date opportunity.

In addition to generating buzz, the drop motivated players to interact more with Catizen Platform. Actions and interactions within the Telegram mini app — in particular, completing tasks and improving the game city — earn CATI tokens.

Increasing attractiveness and income

The charm of Catizen lies in its original gameplay ideas and special connection with Telegram. In-game currencies such as Fish and vKitty allow players to earn rewards in the form of CATI tokens.

The game has reportedly brought in nearly $26 million from in-app purchases alone. With over 36 million players registered recently, Catizen’s expansion path seems powerful.

The project also received significant support from Mantle EcoFund, which helped it grow. Catizen promises to improve user experience and engagement by becoming a Mini-app Center that combines launchpool features. This strategy could make it a major player in Web 3 games.

The road ahead of us

Future plans include further airdrops and other feature integrations to boost user interaction. The total supply of CATI tokens in the project has been set at 1 billion, and they will be equally divided between the two chains in utilize: TON and Mantle.

As the cryptocurrency world evolves, Catizen’s approach could serve as a precedent for all play-to-earn games in the pipeline. With that in mind, with engaging gameplay, community engagement through airdrops, and strategic partnerships, the road ahead looks promising for Catizen.

September is a key month for cryptocurrency events in Nigeria, with both the launch of Catizen and another significant airdrop of Hamster Kombat, so the spotlight is on these projects as they navigate the competitive Web 3 gaming market.

Featured image from OKX, chart from TradingView

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