As a seasoned researcher with a keen interest in blockchain gaming and digital currencies, I find the recent development between Catizen and HashKey Group intriguing. Having closely followed the rise of Telegram-based games and their integration with cryptocurrencies, I’ve witnessed firsthand how these platforms are revolutionizing the gaming industry.
The game Catizen, a tap-to-earn title, has alerted its users about an upcoming event called HashKey “Meowdrop.” This announcement was made by the Hong Kong-based exchange HashKey Group in a recent post. It appears that the planned Meowdrop Campaign is being jointly organized with Catizen AI. The campaign will see over 2 million HSK tokens being distributed among players of the game on Telegram.
HashKey Group to Distribute 2 Million HSK
In the Catizen game, the amount of Hashkey Meowdrops each user receives is largely based on their in-game purchase history. The snapshot for determining these rewards was taken at 16:00 UTC on August 25th. Users who claim their HSK tokens will also have an opportunity to earn more than 100 million Fish Coins. This is part of the Meowdrop Campaign, which involves both HSK and Fish Coins.
According to the recent announcement, the Meowdrop Campaign is set to launch within the Catizen bot on August 29th. This event is seen as valuable endorsement and acknowledgement from HashKey Group towards Catizen’s protocol and community. It’s worth noting that prior to this, HashKey Capital had made a strategic investment in Pluto Studio, the GameFi publishing platform known for its flagship project, Catizen.AI.
Citizen’s game includes an In-App Purchase (IAP) and In-App Billing (IAB) system. Since its release five months ago, the game has received significant acclaim and attention. Midway through July, the game reported a staggering $16 million from in-app purchases, and more recently, it announced that it now boasts as many as 29 million players. The average revenue per user for Citizen continues to increase, with the current figure standing at approximately $30.7 as of July 24.
“Catizen is a mini-game available on the messaging app Telegram that has amassed an impressive $16 million from in-app purchases, with 1% of this total being donated towards stray cat rescue initiatives. Notably, Catizen is also associated with blockchain technology, as it employs smart contracts based on the TON platform for its in-game rewards. According to Pavel Durov, CEO of Telegram, Catizen has been instrumental in introducing millions of people to the concept of blockchain. Moreover, their team has developed resources that make it straightforward for other developers to launch their own games on both Telegram and TON.”
Catizen Gains Support from Binance
HashKey Group is among several platforms that has recently backed Catizen, and it also received backing from Binance Labs, the venture capital division of the prominent cryptocurrency exchange, Binance. Pluto Studio intends to utilize funds from Binance and other investors to stimulate market expansion by concurrently supporting the development of the Catizen mini app and game engine constructions.
As a crypto investor, I’m thrilled about Yi He, Co-Founder of Binance and Head of Binance Labs’ positive remarks on Pluto Studio’s potential to guide billions into the Web3 realm. Games like Hamster Kombat on Telegram and Notcoin are also creating a stir in this space. It’s noteworthy that Catizen has managed to surpass many of these games in specific areas, demonstrating its strength within the ecosystem.
Currently, Notcoin is hinting at the prospect of unveiling a fresh, narrative-centric Telegram game. This endeavor appears to be a joint effort between the TON social projects team Lost Dogs Co and the NFT trading platform Getgems.
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2024-08-26 16:14