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Catizen Game Token Surges Over 1,000% After Exchange Listing and Airdrop
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CATI, the native token of the Catizen clicker game, based on The Open Network (TON) blockchain, saw an appreciation of more than 1,000% after being listed on the market’s main exchanges, such as Binance, Bybit and Bitget.
On Binance, after the airdrop, the token reached a value of US$2.00, but then fell back to US$0.95. Even so, the crypto asset remains valued at around 1,000%.
The launch comes after a highly anticipated airdrop of 150 million tokens, or 15% of the total 1 billion CATI tokens. Users received these tokens as part of the game’s first season.
The airdrop had been delayed for two months but finally took place on Friday with CATI tokens being released to eligible players. The token’s immediate success is linked to increased demand, driven by its simultaneous listing on major centralized trading platforms.
CATI, from Catizen, takes off
According to developer Pluto Studio, the airdrop is part of a larger allocation of 340 million CATI tokens dedicated to distribution campaigns. Of these, 190 million will go to quarterly airdrop campaigns, allowing more users to earn and trade the token in future events.
Despite the success of the launch, the airdrop process faced some criticism. Initially, a larger percentage of the tokens were to go to gamers. However, shortly before the launch, 9% of the supply was diverted to the Binance Launchpool.
Additionally, some players complained about the eligibility system, which reportedly favored certain users based on in-game activity.
Still, the Catizen team assured that the airdrop was transparent and that players will be able to claim and stake the tokens on exchanges that support CATI. This could result in higher rewards in the future.
Catizen’s success reflects the growth of the TON blockchain, which has become one of the most promising ecosystems in the cryptocurrency market. As recent data shows, the daily transaction volume on TON has increased 12-fold over the past year, from 100,000 to 1.2 million daily transactions.
Additionally, the total value locked (TVL) in the TON ecosystem has grown by 1,800% in the past six months, reaching $350 million.
Catizen Game Token Surges Over 1,000% After Exchange Listing and Airdrop
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Catizen Game Token Surges Over 1,000% After Exchange Listing and Airdrop
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Catizen Game Token Surges Over 1,000% After Exchange Listing and Airdrop
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Catizen Game Token Surges Over 1,000% After Exchange Listing and Airdrop
