Catizen Developers Outline Challenges in CATI Token Launch, Community Faces Delayed Airdrop

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As a seasoned analyst with years of experience in the cryptocurrency and gaming industries, I have witnessed numerous projects face challenges during their development and launch phases. With that said, it is always disheartening to see a promising project like Catizen struggle with delays in launching its CATI token and releasing its much-anticipated airdrop.

The creators of the cryptocurrency game Catizen, who use Telegram as their platform, have disclosed that they have encountered obstacles in introducing their CATI token and distributing their airdrop. This setback has left the expanding community of the game feeling disappointed. The developers stated that postponing the airdrop is a complex matter for them, and they are putting in great effort to produce an excellent one for the benefit of the public.

The original plan for Catizen was to introduce its CATI token in July. Yet, the development team has announced a postponement, explaining that they require additional time to finely tune essential features for a prosperous token debut.

In a communication with the community, Pluto Studio, the creators of the project, revealed their efforts to be featured on prominent cryptocurrency exchanges, provide diverse trading alternatives, and establish an appropriate listing value. Additionally, they highlighted various aspects like regulatory compliance and prevailing market trends.

The team acknowledged that while they have handled certain circumstances effectively, there are others beyond their influence, which could lead to setbacks.

The team shared with Catizens users the details of their Token Generation Event (TGE), outlining steps to encourage long-term holding and distribute CATI tokens post-listing. It was disclosed that seed round investors, advisors, and the team would not receive any tokens during the TGE to facilitate this plan. Instead, they will obtain their tokens only after a year has passed. Upon receiving their tokens, there will be an additional 12-month waiting period before they become fully vested. After this duration, the tokens will vest for another four years.

During the Token Generation Event (TGE), seed investors, advisors, and the team will not receive any CATI tokens immediately. Instead, their tokens will be locked up for 12 months following the TGE. After this waiting period, these tokens will then be distributed over a four-year vesting schedule. Consequently, no tokens will be given to these groups during the TGE itself. Our goal is that the CATI token will increase in value post-listing, ultimately benefiting the community in the long term.

Addressing PETA Donation

As an analyst, I’d rephrase it as follows: Recognizing the heated debates regarding PETA’s methods, Catizen openly acknowledged its $100,000 contribution to this animal rights organization. In response to player concerns, the crypto project has temporarily halted its in-bot partnership. Instead, they plan to utilize these funds towards essential tasks such as feeding, vaccination, rescue operations, and adoption assistance for animals.

After announcing a delay in the launch of their Catizen tokens, the team behind the project made a similar announcement. This follows news from Hamster Kombat, a tap-to-earn game on Telegram, that they too have postponed the launch of their tokens beyond their initial July target.

In the face of obstacles, the Catizen team continues to prioritize their community and expresses gratitude for users’ perseverance. They ask for faith in their abilities as they prepare to provide optimal outcomes, highly anticipated by the community. The Game Center debut is imminent, expected to significantly boost the CATI token’s worth over the long term. Unfortunately, a specific date for the token listing announcement has yet to be disclosed.

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2024-07-30 15:18