Telegram’s fast-growing play-for-profit game, Catizen, is making headlines as it goes live with its native token, CATI. Officially launched on the market on September 20, 2024, it is now trading live on Binance, OKX, Bybit, and Bitget.
The CATI token is getting a lot of hype among the Nigerian Web 3 community. Catizen has around 34 million players and amazing revenue figures, hence its strong position in blockchain games.
Airdrop success
The launch of CATI is also accompanied by an active airdrop campaign with the distribution of tokens to early participants. Bybit is the first exchange to complete an airdrop distribution that involves sending approximately 17.7 million CATI tokens to users.
This campaign is part of a wider distribution 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 indication of strong demand from investors who were eager to take advantage of this new opportunity.
Besides creating buzz, the airdrop encouraged players to engage more with Catizen’s platform. Tasks and interactions within the Telegram mini-app—in particular, task completion and city game development—allow one to earn CATI tokens.
Increasing Attraction And Revenue
The charm of Catizen lies in its original gaming ideas and special connection with Telegram. In-game currencies such as Fish and vKitty allow players to earn rewards with the CATI token.
From in-app purchases, the game reportedly brought in around $26 million. With more than 36 million registered players recently, Catizen’s expansion strategy seems to be strong.
The project also received significant support from the Mantle EcoFund, which helped it grow. Catizen promises to improve user experience and engagement as it becomes a Small App Center that includes launchpool features. This strategy can make it a great Web 3 game player.
The Way Forward
Future plans include continuous airdrops and other feature integrations to increase interaction between users. The total supply of CATI tokens in the project is set to 1 billion, and those will be divided equally between the two chains used: TON and Mantle.
As the world of cryptocurrency evolves, Catizen’s method may serve as a precursor to all gaming for profit. That being said, thanks to engaging gameplay, community engagement via airdrops, and creative partnerships, the path ahead for Catizen looks bright.
With September being an important month for crypto events in Nigeria—highlighted by the launch of Catizen and another significant airdrop from Hamster Kombat—the spotlight is on these projects as they navigate the competitive Web 3 gaming landscape.
Featured image from OKX, chart from TradingView