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NewsBTC 2024-09-22 04:00:19

Catizen (CATI) Soars 10% Following Multiple Exchange Listings

Catizen (CATI) Soars 10% Following Multiple Exchange Listings

A rapidly emerging play-to-earn game on Telegram, Catizen, made headlines as it went live with its native token, CATI. Officially launched in the market on September 20, 2024, it is now trading live on Binance, OKX, Bybit, and Bitget. Related Reading: Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook The CATI token is gaining a lot of hype among the Nigerian Web 3 community. Catizen has around 34 million-plus players and impressive revenue figures, hence its strong position in blockchain gaming. Airdrop Success The CATI launch is also complemented by an effective airdrop campaign with token distribution to early participants. Bybit is the first exchange to finalize the airdrop distribution that involved sending about 17.7 million CATI tokens to users. This campaign is a component of a broader allocation of 340 million tokens, and there are plans for future airdrops to maintain user engagement. The initial trading price for CATI was $0.97, which was indicative of the robust demand from investors who were anxious to take advantage of this new opportunity. Apart from creating buzz, the airdrop has motivated players to interact more with the Catizen platform. Activities and interactions inside the Telegram mini app—more especially, task completion and game city upgrading—allow one to earn CATI tokens. Increasing Attractiveness And Income The charm of Catizen is found in its original gaming ideas and special connection with Telegram. In-game currencies like Fish and vKitty let players earn prizes in CATI token form. Just from the in-app purchases, the game reportedly has brought in almost $26 million. With more than 36 million players recorded lately, Catizen’s expansion path seems strong. The project also received significant support from Mantle EcoFund, which helped it grow. Catizen promises to improve user experience and engagement as it becomes a Mini-app Center that merges launchpool features. This strategy could make it a major Web 3 gaming player. Related Reading: XRP Price Surge Could Hit 9,470% — Analyst Predicts $27 Target In Bold Forecast The Road Ahead Future plans include continued airdrops and other feature integrations to increase interactions amongst users. The total supply of CATI tokens in the project is set at 1 billion, and those will be split equally between the two chains used: TON and Mantle. As the cryptocurrency world evolves, Catizen’s approach may serve as a precedent for all the play-to-earn games in the pipeline. With this said, because of engaging gameplay, community involvement through airdrops, and strategic partnerships, the road ahead for Catizen looks bright. With September being a crucial month for crypto events in Nigeria—highlighted by both Catizen’s launch and another significant airdrop from Hamster Kombat—the spotlight is firmly on these projects as they navigate the competitive landscape of Web 3 gaming. Featured image from OKX, chart from TradingView

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