By Michael Scott
The swipe-to-earn game Catizen is set to disclose the tokens each player can claim as developers announce the start of the Binance rewards campaign.
Pluto Studio, the developer of the swipe-to-earn game, confirmed that Catizen is closer to unveiling the CATI tokens on The Open Network (TON) blockchain and simultaneously granting airdrops to eligible players.
Catizen Debut for CATI Tokens Closer
The developers clarified that the Binance launch pool rewards initiative will precede the centralized exchange claims to the eligible beneficiaries. A Friday, September 13 announcement by Catizen developer that it would consider the in-game progression realized by the player at midnight. The snapshot would offer ground for Pluto Studio to reveal the token allocations on Saturday morning.
The confirmation will allow players to claim their tokens via centralized exchanges on Sunday ahead of the CATI generation event scheduled on Friday, September 20.
The developers consider the period revelation of the airdrop allocations to soften the anticipated blow and fuel the excitement of eligible players. Pluto Studio perhaps references the June event when several Blast users expressed disappointment upon discovering less-than-expected rewards. Citing the technical difficulties navigated, the dissatisfied Blast users triggered a mass selloff as the BLAST token plunged even before claiming the airdrop.
The developers behind the earn-to-click game target reduced the possibility of eligible beneficiaries instantly selling off the CATI tokens. The developers will facilitate users staking the CATI tokens, earning them extra rewards. The staking is available as the developers reveal the allocation, though it is projected to run until September 24. Notably, the developers have capted the earnings on each account to 1,000 CATI.
Facilitating direct claims through the centralized exchanges will push users into staking the tokens. The users will forego withdrawing the tokens, thereby minimizing the blow that the TON blockchain will bear. In particular, players seeking to withdraw the tokens to their respective wallets and not to exchanges will wait until the 20th of this month.
CATI Premarket Trading
The developer confirmed it will avail of the airdrop claim and staking services via the centralized exchange partners. Catizen is partnering with OKX, KuCoin, and HashKey, where some platforms offer pre-market trading.
The pre-market trading enables the investors to speculate on the price movement of the token. Such is bound to become riskier, unlike regular trading, given the unknown variables that could influence the CATI price either way. In particular, the tokens number to mint and the respective distribution to the parties are uncertain.
Crypto exchange Bybit offers $0.748, while OKX sees a slightly higher value at $0.8100. Like fellow Telegram-based game Hamster Kombat, Catizen developers assure the token debut with the launch pool rewards initiative via Binance.
The developers indicated that from the 1 billion supply, they avail 90 million CATI to the Binance customers staking Binance Coin (BNB) or the alternative FDUSD stablecoin in the Sept 16-19 period.
The Binance page shows the initial circulating supply is capped at 305 million for the CATI token. This implies that slightly over 30% of CATI tokens are due for unlocking.
The figure accommodates airdrop allocation, though slightly lower than the 43% token supply that Pluto Studio indicated to grant players through the airdrop. It is likely the figure captures future airdrop waves.
The CATI tokens debut marks the start of the busy spell for the TON network as developers line up tokens launch for multiple Telegram-based games. The most considerable token launch edges closer for Hamster Kombat, whose player base has grown to over 300 million. The game’s HMSTR token debuts on September 26.
The token launch will usher a spell of traffic in a growing user base that TON developers warn could yield technical blips. Such an issue emerges from the downtime experienced recently, which could worsen when tokens and airdrops hit the TON network.