As an analyst with years of experience in the cryptocurrency market, I’ve seen my fair share of ups and downs, hype, and disillusionment. The recent turn of events surrounding the Catizen token launch on The Open Network (TON) is a classic example of the high expectations that often precede a project, followed by the harsh reality of execution.
As a crypto investor within the Telegram community, I’ve been eagerly awaiting the Catizen airdrop. However, my enthusiasm has turned to frustration after some unexpected changes were announced. On Saturday, Pluto Studio, the creators of the tap-to-earn game, finally revealed the number of tokens players will receive once the CATI token is launched on The Open Network (TON). This disclosure brought a sense of clarity but left many of us feeling disappointed.
This action upset the community because some believe they should have been informed about this detail prior to the game’s release. Moreover, players are currently trying to figure out the token’s worth as its launch is imminent within the next few days.
Hurdles of the Catizen Token Launch
Over the past few weeks, the CATI airdrop has encountered several challenges. Initially, Catizen intended to debut its CATI token in July; however, the team decided to postpone the airdrop for some reason, which they attributed to the necessity of fine-tuning crucial aspects for a successful token listing. Pluto Studio clarified that they were diligently working on getting listed on significant exchanges, providing various trading options, and ensuring a fair listing price.
Beyond these issues, the team encountered hurdles such as meeting regulations and negative market perception. Recent events have stirred frustration among the players, with many vocalizing their discontent on platform X. The players are disgruntled because their anticipated share of the rewards turned out to be less than they had hoped for.
According to the blueprint for Catizen, the project will produce a grand total of 1 billion tokens. At its initial release, only about 305 million of these tokens will be available for circulation. This news might be disappointing for some dedicated players who have put in considerable effort solving the Telegram game puzzles, as they were hoping for a larger portion of the token distribution. One player expressed their discontent, requesting clarity and transparency about the distribution process.
6,054th place among 36 million players with just 39 points in a game called CATI – the player questions if this is a fair distribution, emphasizing the importance of clarity regarding the tokens’ allocation.
Aggrieved CATI Players Use the Hashtag #Catizenscam
Due to their unresolved complaints, these players have started the #catizenscam hashtag, which is currently popular on X. Besides the controversy over the number of tokens assigned, there are modifications in the token distribution model and allocation guidelines that were not initially disclosed to the players. Initially, it was intended to provide the community with 43% of the total token supply from the beginning.
On the weekend, Catizen developers elaborated that approximately 43% of the total supply will be allocated for “airdrop and ecosystem” purposes. This comprises 90 million tokens, which equates to 9% of the entire supply, and is intended for Binance users who participate in a Launchpool rewards campaign by staking their coins. It’s important to mention that this promotion was only recently announced on Friday.
As per the latest update, approximately 30% of the total supply will be in circulation during the initial release, which has sparked numerous queries among participants. Simultaneously, Pluto Studio has brought attention to an adjustment in the airdrop structure aimed at addressing players who employ artificial methods to inflate their income.
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2024-09-16 12:00