As a seasoned crypto investor with a knack for spotting promising projects, I’ve been keeping a close eye on Catizen and its native token CATI. Having been around since the early days of Bitcoin, I’ve seen my fair share of ups and downs in this space, but the potential of CATI is undeniably intriguing.
On Monday, September 20th at 10:00 AM (UTC), OKX, a prominent digital currency exchange, plans to make CATI, the token for the Telegram-based clicker game Catizen, available for trading. This token can be exchanged with USDT in OKX’s main market, where it will join other popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
On Monday, the exchange announced that it had previously initiated deposit accounts for CATI, in anticipation of its listing which commenced this morning at 8:00 AM (UTC).
Development Delays and Token Distribution
Following this update, the company is now part of an expanding group of cryptocurrency trading platforms set to list the token on September 20, following its initial launch on The Open Network (TON). Previously, Bitget and Bybit had announced that CATI would be available for trading on their respective platforms as soon as it was successfully released last week.
As a researcher involved in the project, I originally planned for the digital asset’s debut in July. Unfortunately, during the development process of Catizen, we ran into some unexpected technical hurdles that caused a delay. Consequently, we’ve had to adjust our timeline, and the launch will now take place this month.
Once the launch date has been established, our team is now concentrating on facilitating seamless distribution of the token across various trading platforms, aiming to boost its acceptance and provide users with the ability to exchange it on diverse exchanges.
45% of the total token supply, which was released in March 2024, has been distributed among players who have supported the game’s expansion. The rest of the tokens are being saved for future development purposes. Specifically, 5% is earmarked for liquidity, while another 2% will be used to form partnerships and collaborations with other cryptocurrency platforms within the ecosystem.
OKX Launches New Campaign for CATI
Anticipated listing of CATI tokens on popular exchanges such as OKX could lead to significant trading activity. This is due to the vast user bases of these platforms. Yet, it’s uncertain how the market will respond and integrate the token in the long run.
Alongside its OKX spot market listing, the company has started a fresh campaign encouraging users to trade the token before its upcoming market launch. This new strategy, called “OKX’s Trade and Earn CATI,” invites users to speculate on the token’s possible price movements in order to win rewards. This initiative follows the pre-market trading of the token on their futures market, which began on September 5th.
Based on the information provided by the company, individuals who invest up to 500 USD in CATI on OKX’s pre-market futures are eligible for a share of the 50,000 CATI incentive fund.
Since its debut in March 2024, the Tap-to-Earn (T2E) game, Catizen, has made significant strides on Telegram. Over the past weekend, the platform marked its six-month anniversary, boasting approximately 34 million players. In just the first six months after launch, Catizen attracted around 2 million players on-chain. Moreover, due to its impressive growth rate, Catizen is now being likened to leading global mobile games.
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2024-09-09 15:31