Catizen (CATI) rises 10% after several stock listings

Catizen, a fast-growing game on Telegram, made headlines when it launched with its native token, CATI. It was officially launched on September 20, 2024, and is now live trading on Binance, OKX, Bybit, and Bitget.

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

Airdrop success

The launch of CATI is also complemented by an effective airdrop campaign with distribution of tokens to the first participants. Bybit is the first exchange to complete the airdrop distribution which involved the sending of around 17.7 million tokens. CATI tokens to users.

This campaign is one component of a broader allocation of 340 million tokens, and there are plans for future airdrops to maintain user engagement. CATI’s initial trading price was $0.97, which was an indicator of strong demand from investors who were eager to take advantage of this new opportunity.

In addition to generating excitement, the airdrop has motivated players to interact more with the game. Catizen PlatformActivities and interactions within the Telegram applet (in particular, completing tasks and improving the in-game city) allow you to earn CATI tokens.

Increase attractiveness and revenue

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 prizes in the form of CATI tokens.

The game has reportedly grossed nearly $26 million from in-app purchases alone. With over 36 million registered players lately, Catizen’s expansion looks solid.

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 hub that merges the features of launchpool. This strategy could make it a major player in Web 3 gaming.

The road ahead

Future plans include continuous airdrops and other feature integrations to increase interactions between users. The total supply of CATI tokens in the project is set at 1 billion, and they will be split equally between the two chains used: TON and Mantle.

As the world of cryptocurrencies evolves, Catizen’s approach may serve as a precedent for all the play-to-earn games to come. That said, due to the engaging gameplay, community engagement through airdrops, and strategic partnerships, the road ahead for Catizen looks promising.

With September being a crucial month for cryptocurrency events in Nigeria, highlighted by both the launch of Catizen and another significant Hamster Kombat airdrop, the focus is firmly on these projects as they navigate the competitive landscape of Web 3 gaming.

Featured image of OKX, chart from TradingView

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