With its upcoming CATI token airdrop, the Telegram-based game Catizen is making waves in the crypto gaming world. Launching on September 20, this airdrop is set to reward players with a share of the CATI tokens. Here’s everything you need to know about the airdrop, the token itself, and why some players are dissatisfied.
What is Catizen and Its CATI Token?
Catizen, a swipe-to-earn game on Telegram, has attracted over 35 million players with the promise of a token airdrop. The CATI token will be launched on The Open Network (TON), the same blockchain that powers other popular Telegram games like Notcoin, Hamster Kombat, and Rocky Rabbit. Notcoin, notably, reached a market cap of nearly $3 billion.
The CATI token will have a capped total supply of 1 billion tokens. According to the Catizen white paper, 43% of these tokens will be allocated to airdrops and community incentives. The remaining supply will be used for liquidity, staking rewards, and unlocks for the team, investors, and advisors.
When Is the CATI Token Launch?
The CATI token is scheduled to launch on September 20 and will be available on major exchanges such as Binance, Bybit, and Bitget. Token allocations were disclosed on September 14, allowing players to transfer their tokens to exchanges before the official token generation event (TGE). Players can also stake CATI to earn additional rewards from September 14 to September 24, with a cap of 1,000 CATI tokens per user.
Why Are Players Upset?
Recent developments have caused a stir among Catizen players. Many are unhappy with their airdrop allocations, citing several issues:
- Unexpected Allocation Sizes: Players are disappointed with the size of their token allocations. The distribution criteria included in-game metrics such as vKitty profit speed, fish coin activity, and task completion. However, many users feel the final allocations are lower than anticipated.
- Unclear Communication: Players are frustrated with the lack of transparency regarding the airdrop criteria. Changes to these criteria were not disclosed until after significant community backlash. This has led to accusations of unfairness and inconsistency in the distribution process.
- Criteria Adjustments: The development team, Pluto Studio, made late changes to the airdrop criteria to address cheating issues. Instead of merely punishing cheaters, the team adjusted the criteria to favor players who spent money in the game, leading to further dissatisfaction among the community.
The hashtag “#catizenscam” has been trending on Twitter as players voice their grievances. Many players who have invested considerable time in the game are now feeling disillusioned, having received minimal token allocations despite their efforts.
Looking Ahead
As the Catizen airdrop approaches, players and observers are keeping a close eye on how these issues will affect the token launch. The controversy surrounding the airdrop underscores the importance of clear communication and fair practices in the crypto gaming sector.
For those interested in following the latest updates on Catizen and other crypto developments, stay tuned to Coin Push Crypto Alerts. While we provide up-to-date information and analysis, please remember that Coin Push does not offer buy, sell, or trading advice.
Additional Resources:
- Catizen Token Launch Announcement
- Catizen’s White Paper
- Pluto Studio Official Update
Conclusion
The upcoming launch of Catizen’s CATI token is generating excitement but also controversy within the crypto gaming community. As players navigate the airdrop process, understanding the token’s distribution and the reasons behind the community’s dissatisfaction is crucial. For more insights and updates on cryptocurrency and gaming, follow Coin Push Crypto Alerts.
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FAQ
What is the CATI token and when is it launching?
The CATI token is the native cryptocurrency for the Catizen game, set to launch on September 20, 2024. It will be available for trading on major exchanges including Binance, Bybit, and Bitget.
Why are players unhappy with the Catizen airdrop?
Players are unhappy due to unexpected allocation sizes, unclear communication about airdrop criteria, and late changes to the criteria that favored players who spent money in the game. These issues have led to widespread frustration and accusations of unfairness.
How can players stake their CATI tokens?
Players can stake their CATI tokens from September 14 to September 24, with a maximum of 1,000 CATI tokens available to be earned per user. Staking allows users to earn additional rewards beyond their airdrop allocation.
